Robinhood App Encroaches on Banking Turf with High-Yield Money Tool

Libra isn’t the only payment system that stands to threaten the banks. Popular stock market and crypto trading app Robinhood is going after legacy banks with the relaunch of a cash management feature. Robinhood COO Gretchen Howard is cited in Fortune as saying: “We’re going to come out with a cash management account soon.” The […] The post Robinhood App Encroaches on Banking Turf with High-Yield Money Tool appeared first on CCN Markets

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Robinhood Attracts $200 Million as Valuation Swells to $7 Billion: Report

By CCN: Who says millennials don’t like to save and invest their money? By building a commission-free stock brokerage and trading app with a slick interface, Robinhood has built a $7 billion business in just six years. That’s the company’s valuation as it nears a $200 million funding round from its current financial backers, Bloomberg reports. The investment round is still unfolding and once complete could reportedly result in Robinhood fetching a valuation as high as $10 billion. Robinhood closed its most recent funding round last year at which time…

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Brian Kelly: If You’re Selling Bitcoin Because of ETF Delay, You’re Doing it Wrong

CNBC Fast Money contributor and BKCM CEO Brian Kelly has firmly emphasized that while bitcoin has seen a massive decline in price over the last 24 hours, investors selling the dominant cryptocurrency based on the delay of SEC in approving the first bitcoin ETF are doing it wrong. Bitcoin Drops 12% While EOS, Bitcoin Cash The post Brian Kelly: If You’re Selling Bitcoin Because of ETF Delay, You’re Doing it Wrong appeared first on CCN

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Free Crypto Trading App Robinhood Launches in Colorado with Bitcoin, Ethereum

The competitive landscape for cryptocurrencies is heating up in the United States. Zero-commission startup exchange Robinhood just announced on Twitter its expansion into Colorado. The trading platform unveiled commision-free trading for leading cryptocurrencies bitcoin and Ethereum in the western state. In addition to cryptocurrencies, the Palo Alto, Calif.-based trading platform also supports stocks, ETFs and … Continued The post Free Crypto Trading App Robinhood Launches in Colorado with Bitcoin, Ethereum appeared first on CCN

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Bitcoin Startup BitGo Acquires $12 Billion Asset Custodian Kingdom Trust

The post Bitcoin Startup BitGo Acquires $12 Billion Asset Custodian Kingdom Trust appeared first on CCN Digital currency startup BitGo has entered into an agreement to acquire Kingdom Trust, a digital asset custodian that currently serves more than 100,000 clients and manages more than $12 billion in assets. BitGo Acquires $12 Billion Asset Manager Kingdom Trust The acquisition, which was announced on Thursday and is subject to regulatory approval, follows BitGo’s The post Bitcoin Startup BitGo Acquires $12 Billion Asset Custodian Kingdom Trust appeared first on CCN

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