Robinhood’s recent stock surge to an all-time high reflects more than just investor optimism—it reveals a company attempting an aggressive pivot towards blending traditional finance with cutting-edge crypto technologies. The unveiling of a Layer 2 blockchain built on Arbitrum, introduction of tokenized stocks, crypto perpetual futures, and staking services symbolizes Robinhood’s attempt to become a
Exchanges
Gemini’s recent launch of tokenized Strategy (MSTR) shares for European customers signals a pivotal moment in democratizing access to U.S. equities. Unlike conventional brokerage restrictions that tether investors to geographic and regulatory boundaries, Gemini leverages blockchain technology to break down these barriers. The notion that anyone worldwide—with nothing more than a smartphone and internet—can obtain
Brian Armstrong’s recent announcement that Coinbase is quietly buying Bitcoin on a weekly basis is more than a casual footnote—it signals a profound shift in how major crypto firms are positioning themselves. While Armstrong notably refrains from confirming a formal Bitcoin treasury reserve, the move unmistakably aligns Coinbase with a growing trend of companies experimenting
In a bold stride towards the future of finance, Kraken has unveiled its latest innovation: the Krak app. This new mobile payment platform positions itself as a formidable contender against mainstream apps like PayPal, Venmo, and Cash App. Kraken’s initiative isn’t just about introducing a new app; it’s about challenging the very foundations of how
In the contentious world of cryptocurrency, few incidents have been as shocking as the simultaneous collapses of FTX and Three Arrows Capital (3AC). The recent bankruptcy proceedings have highlighted a bizarre and illogical claim by 3AC for $1.53 billion from FTX, a figure that seems less an earnest demand for justice and more an attempt
South Korea is stepping into the forefront of the global cryptocurrency discussion with its initiative to develop a regulatory framework for the launch of digital asset spot exchange-traded funds (ETFs). This strategic move by the Financial Services Commission (FSC) recognizes the growing significance of digital currencies and aims to integrate them into the national financial
In a shocking revelation that has sent ripples through the digital finance domain, Iranian crypto exchange Nobitex has reported a staggering loss of nearly $100 million due to a cyberattack executed by a politically motivated hacking group. This event isn’t merely a warning for Nobitex but a clarion call for the entire crypto community. On
The recent legal entanglement between the cryptocurrency exchange Gemini and the Commodity Futures Trading Commission (CFTC) highlights a troubling trend in regulatory practices. Co-founder Tyler Winklevoss has publicly denounced what he describes as a “trophy-hunting lawfare” against Gemini, asserting that the enforcement team has spent years pursuing a baseless case while neglecting essential principles of
In a strikingly proactive approach, Coinbase has recently announced the introduction of a Bitcoin-backed credit card and a suite of CFTC-compliant perpetual futures for U.S. customers during its annual State of Crypto Summit. The revelation reflects an ambition to not just participate in the crypto market but to dominate it. Such bold moves demonstrate Coinbase’s
The recent decision by BiT Global to voluntarily dismiss its lawsuit against Coinbase marks a pivotal moment in the ongoing struggle for dominance in the cryptocurrency market. This dispute, which centered around the delisting of Wrapped Bitcoin (WBTC), serves as an alarming reminder of the complexities and tensions that arise as centralized exchanges and token
