Robinhood Adds ‘Connect’ Feature to Its Native Crypto Wallet

As part of its efforts to drive Web 3.0 adoption, Robinhood also announced some other new features. Robinhood has announced a new feature that permits users of its crypto wallet to access their funds from other decentralized finance (DeFi) apps and protocols. According to the update, users no longer have to open the Robinhood app itself … Read more

Robinhood Reaches $10M Settlement with State Securities Regulators for Failing Investors

Multifaceted trading platform Robinhood will pay the $10 million fine to DFPI following an investigation by NASAA. Robinhood (NASDAQ: HOOD) has reached a $10.2 million settlement with the California Department of Financial Protection and Innovation (DFPI). According to reports, the financial services company is paying the penalty for “operational and technical failures” that harmed investors. The … Read more

Robinhood Users Unable to Realize Bets Profits against SVB and Signature Bank

Robinhood users have taken to Twitter to express their displeasure as they are unable to revel in the SVB and Signature Bank failure. Users of the Menlo-Park-headquartered financial services company Robinhood Markets Inc (NASDAQ: HOOD) app have been unable to cash in on the recent crumble of Signature Bank and Silicon Valley Bank (SVB) despite … Read more

Cathie Wood’s Ark Invest Purchases More Robinhood & Coinbase Shares

Investment management powerhouse Ark Invest has added more Robinhood and Coinbase stock to its holdings amid tame tech developments.  According to reports, Ark Invest recently shored up on more Robinhood (NASDAQ: HOOD) and Coinbase (NASDAQ: COIN) stock. The Florida-based investment management firm purchased $9.97 million worth of HOOD stock and $3.44 million in COIN yesterday.  The purchase also translated to 1.06 … Read more

Robinhood Receives Crypto-Related Subpoena from US SEC

If the SEC finds that any cryptocurrency currently trading on Robinhood is a security, they will have to immediately drop off trading for that particular asset. In the latest development, Robinhood Markets received an investigative subpoena yesterday, February 27, from the US Securities and Exchange Commission (SEC) for the company’s crypto operations. As per the … Read more