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Tag: Robinhood

March 10, 2025

Robinhood Hit with $26M Fine—Regulatory Failures Continue!

Robinhood faces another compliance reckoning! The trading platform will pay FINRA $26M for ignoring red flags, failing to verify customers, and misleading investors—adding to a growing list of regulatory penalties. With over $200M in fines in recent years, including a $70M FINRA penalty in 2021, Robinhood’s oversight failures continue to pile up. What’s next for the retail trading giant?

February 27, 2025

SEC Halts Tron Lawsuit: Trump Era Ushers In Crypto Regulation Reversal

The U.S. Securities and Exchange Commission (SEC) and Tron founder Justin Sun have jointly requested a stay in their civil fraud lawsuit, signaling a potential settlement in the case. This development is part of a broader trend of the SEC dropping or pausing cryptocurrency-related lawsuits under the new Trump administration.

June 16, 2024

Competing Claims for Bankman-Fried’s Forfeited Assets: A Legal Analysis

In the FTX bankruptcy saga, three distinct groups have lodged competing claims over assets seized from former FTX CEO Sam Bankman-Fried (SBF) following his criminal conviction. In March, the Federal High Court's $11 billion forfeiture order included various properties such as crypto tokens, private jets, and bank funds. Now, the FTX debtors' estate, a class of creditors, and an offshore entity founded by SBF are all vying for control over these assets.

June 6, 2024

Crypto Takeover: Robinhood to Acquire Bitstamp!

It is the first major acquisition in the crypto sector in 2024. The California-based fintech Robinhood has agreed to acquire the global crypto exchange Bitstamp. This acquisition is set to expand Robinhood’s reach, bringing Bitstamp’s services to retail and institutional customers. Founded in 2011, Bitstamp operates in Luxembourg, the UK, Slovenia, Singapore, and the US. The acquisition, anticipated to close in the first half of 2025, is subject to customary closing conditions and regulatory approvals.

May 7, 2024

Robinhood Crypto Faces Potential SEC Enforcement Over Cryptocurrency Operations

Robinhood, the U.S. fintech renowned for pioneering commission-free stock trading, is currently under scrutiny from the U.S. Securities and Exchange Commission (SEC) for its crypto business, Bloomberg reports. In a Wells Notice, the U.S. regulator informed Robinhood that it faces enforcement action over its crypto business — the latest sign that the SEC isn’t letting up on its years-long crackdown on digital assets.

December 11, 2023

Urgent Warning: Brace For Scam Attacks In The Anticipated Crypto Bull Run! Make Your Due Diligence!

The recent sharp rise in crypto prices points to the next crypto bull run. This means that regulated retail brokers such as Robinhood, Trade Republic, Coinbase, and Bitpanda will be courting customers and their funds, and scammers will be looking for potential victims with fake campaigns. If you plan to try your luck as a retail trader, you should first spend a lot of time selecting your broker. Avoid unregulated providers at all costs.

December 11, 2023

U.S. Broker Robinhood Prepares For The Next Crypto Bull Cycle With European Expansion!

Amidst the challenges posed by the crypto winter since early 2022, fintech brokers like the German-based Trade Republic and its American counterpart Robinhood are gearing up for a shift in the tide. Trade Republic recently made headlines with its new banking license awarded by Germany's BaFin, marking a significant milestone. Meanwhile, Robinhood is expanding to Europe, introducing its crypto app to the European market, aiming to allure users with attractive rewards and competitive fees.

November 5, 2022

Brace For Tech Winter! Massive Layoffs On The Road To Global Recession!

One of the clearest indicators that an economic downturn, if not a recession, is knocking at the door is when companies start with layoffs. Twitter was this week just the last tech giant that announced and executed a massive layoff, allegedly firing half of its staff. Stripe CEO Patrick Collison announced the layoffs of over 14% of its workforce, amounting to more than 1,000 jobs. Raid-hailing operator Lyft announced the layoff 13% of its workforce, or nearly 700. Brace for the Tech Winter.

Broker

August 4, 2022

Online Broker Robinhood Lays Off 23% Of Its Staff!

The online trading platform Robinhood, which popularized one-click trading and helped fuel last year’s meme stock frenzy, announced that it would lay off about 23 percent of its workforce. It is the second layoff initiative within just a few months. In a blog post, Robinhood CEO Vlad Tenev said that the layoffs would affect employees across the company, especially those in operations, marketing, and program management roles. Shares of Robinhood rose 11.7% on Wednesday following the layoff announcement.

June 19, 2022

Sam Bankman-Fried, FTX, And His Robinhood Investment

The vegan crypto billionaire Sam Bankman-Fried founded the crypto broker FTX in April 2019 and has since been on an aggressive acquisition trip around the world. FTX acquired the CySEC-regulated K-DNA Financial Services Ltd and the ASIC-regulated Australian ITFS Markets Pty Ltd in March 2022. A few weeks ago, WSJ reported a $648 million investment in Robinhood in exchange for 7.6% of the company’s shares. In recent weeks, the FTX founder has also stepped up as a financier in Elon Musk's Twitter acquisition. He is a busy guy!

FX Retail

March 18, 2022

The Forbes Top 10 Crypto Exchanges

Forbes has been closely associated with the world's largest crypto exchange, Binance, for at least a couple of weeks. FinTelegram reported that Binance had invested $200 million in preparing the Forbes listing on the NYSE. The investment made the crypto exchange the second-largest shareholder of the online business publication. In its new Top 10 ranking of crypto exchanges, Forbes ranked Binance as #6. Coinbase, Kraken and Robinhood lead the ranking.

January 30, 2021

Trading Gamification – Welcome to the new world of GameStop, Bitcoin, and the scammers’ paradise

The U.S. SEC is already looking into the GameStop scheme currently performed. The German and UK regulators BaFin and FCA, too, warned against it and similar stock schemes. On the other hand, celebrities like Elon Musk seem to endorse these new stock games driven by online boiler rooms on Reddit or Telegram and online trading platforms and apps like eToro, Robin Hood, Interactive Brokers, or Kraken. Social media-based market manipulation or the next generation trading approach, that's the question. Anyway, it's scammers' paradise.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.