News

Crypto winter has had a chilling effect on Coinbase and Robinhood

New York CNN Business — The prices of bitcoin and other top cryptocurrencies have been more than cut in half this year. Now the great crypto crash of 2022 is crushing leading digital asset brokerage firms Coinbase and Robinhood too. Shares of Coinbase have lost nearly three-quarters of their value in 2022, and fell more …

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Tuberville: 401(k) retirement plans should be able to invest in cryptocurrency

US Sen. Tommy Tuberville is among several voices in Congress currently arguing that the US Department of Labor overstepped its authority earlier this year in cautioning 401(k) and retirement plans against adding cryptocurrency to investment plans. The Alabama senator has gone so far as to introduce a bill that would prohibit the department from issuing …

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Bitcoin is the only coin the SEC Chair will call a commodity

Monday morning, the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, said on CNBC’s Squawk Box that the only token he would lump in with commodities was bitcoin. Why it matters: Gensler pointedly declined to name any cryptocurrency other than the original one, notable because the market has been operating under the …

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Robinhood

Robinhood Shares Jump 14% As SBF Teases FTX Acquisition

Summary: Robinhood could be the next major acquisition for Sam Bankman-Fried’s crypto exchange. FTX is internally discussing possible ways to buy the digital asset trading platform. The exchange has not yet expressed official interest to Robinhood yet. SBF invested over $600 million in the broker back in May and bagged class A shares in the …

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Crypto.com Removes Dogecoin, Shiba Inu, Others From Earn Program

As the bear market continues, Crypto.com announced Monday that it is removing 15 cryptocurrencies from its Crypto Earn rewards program. Dogecoin (DOGE), Shiba Inu (SHIB)Tezos (XTZ), and FLOW are among those being removed, but Crypto.com added Zilliqa (ZIL), Fantom (FTM)and NEAR to the list. Crypto.com is also modifying the reward rates for five different stablecoins: …

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