Robinhood
ApeCoin eyes 250% rally amid ‘bull pennant’ breakout, Robinhood APE listing rumors
ApeCoin’s (APE) market valuation could grow by nearly 250% in the second quarter of 2022 as it breaks out of a widely-tracked, classic technical pattern. APE price “bull pennant” breakout underway On April 13, APE’s price broke above the upper trendline of what appears to be a “bull pennant” chart pattern. Bull pennants appear when the price consolidates inside a triangle-like structure following a strong uptrend. Many traditional analysts consider them as continuation patterns, for they typically result in the price breaking out in the direction of its previous trend. As a rule, traders estimate a bull pennant’s upside target by measuring the size of the previous uptrend, called “flagpole,” and adding it to the breakout point. Applying...
Robinhood rolls out wallets to 2M waitlisted users, plans to integrate Lightning
Cryptocurrency and stock trading app Robinhood will roll out its digital wallet feature for 2 million additional users. In a Thursday announcement at the Bitcoin 2022 Conference in Miami, Robinhood chief product officer Aparna Chennapragada said eligible customers who had been on the waitlist for the digital wallet — more than two million people — can now send and receive cryptocurrencies. In addition, the platform is planning to integrate the Bitcoin Lightning Network to reduce the time and cost of transactions as well as their carbon footprint. Super pumped to announce on the #Bitcoin2022 stage that @RobinhoodApp has rolled out wallets access to the nearly 2 million people on the WenWallets waitlist. — Aparna Chennapragada (@aparnacd) April 7, 2022 According to Robinhood, the crypto wall...
Robinhood crypto wallet testing is live: 1,000 users can now withdraw
Online retail investing platform Robinhood has released its long awaited crypto wallet for beta testing which will finally enable users to withdraw crypto from the platform. The first 1,000 users that signed up to the waitlist for ‘Wallets’ are eligible to take part in beta testing. Wallets testers will be able to withdraw crypto valued up to $2,999 over a maximum of 10 total transactions daily. Robinhood is a financial services platform backed by Citadel Securities that offers stock and crypto trading. Robinhood’s crypto purchaser users have awaited the release of Wallets since mid 2021 when the waitlist was first created. The last public count of sign-ups to the waitlist revealed by Brown stood at 1.6 million in November, or about 7% of its total user base. While the current limit of tes...
Robinhood hits new low as FTX US and Bitstamp USA move into stocks
Crypto exchanges FTX US and Bitstamp USA are working on offering stock trading, which would be a further blow to Robinhood as its share price slumps to new lows. FTX US President Brett Harrison tweeted on Tuesday that the crypto exchange is “hard at work on stocks,” commenting that a launch would be coming in “a couple months.” We’re hard at work on stocks! Features we’re planning for day 1: -Live BBO and historical candles-Stock screening/search functionality-Basic fundamentals (market cap, P/E ratio, dividend yield)-Portfolio performance tracking, order/trade details What else should we have? pic.twitter.com/q2bTpsfuna — Brett Harrison (@Brett_FTXUS) January 11, 2022 This isn’t FTX’s first dalliance with stocks. Back in Oct. 2020, the global arm of the crypto exchange launched a feature ...
Shiba Inu (SHIB) fetches 30% gain on Robinhood listing rumor and bullish chart pattern
Shiba Inu (SHIB) seems to be preparing for a bullish breakout as a falling wedge pattern begins to form. The price of SHIB has been trending lower inside an area defined by two contracting trendlines while accompanying a decline in trading volume. That shows that investors have been less concerned about the downtrend. As a result, falling wedges typically provide an ideal springboard for an upside break once the price closes above the structure’s upper trendline. On Thursday, SHIB showed signs of following a similar topside break. SHIB/USDT daily price chart featuring a falling wedge. Source: Fiery Trading Notably, the token briefly closed above the falling wedge’s upper trendline, hitting an intraday high of $0.00003290. The upside move raised anticipati...
Robinhood plans to launch beta crypto wallets in January as HOOD drops to $17
Cryptocurrency and stock trading app Robinhood plans to roll out the beta version of its digital wallet feature starting in January 2022. In a Wednesday blog post, Robinhood said tens of thousands of users currently on the waitlist for the trading app’s crypto wallet would have access to the beta version starting in mid-January. The trading app said more than 1.6 million people were waiting for the wallet, which will support depositing and withdrawing Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE) and other tokens. The trading app has been testing its digital wallet feature since it was first announced in September, completing its first alpha transfer — using DOGE — on Nov. 22. According to Robinhood chief operating officer Christine Brown, the beta rollout would be focused on the secur...
Cove Markets to join Robinhood Crypto in latest acquisition
Cove Markets, an API platform that enables users to trade across multiple centralized exchanges and manage aggregate financial data, will become part of Robinhood Crypto, as announced by the discount brokerage late Tuesday. Traders and investors can connect up to seven exchanges, including Coinbase Pro, Kraken, Bitfinex, etc., using Cove Markets to trade over 50 major currencies and altcoins. The two trading firms said they plan to increase the volume of order routing and execution on Robinhood with the acquisition. Christine Brown, chief operating officer of Robinhood Crypto, made the following remarks regarding the development: The Cove Markets team’s wealth of experience in trading execution and crypto market infrastructure will help us to build more powerful trading capabilities,...
Michael Bolton Wants You to Dump Robinhood in New Ad
Though several online brokerages (including, until recently, Public.com) use PFOF, the video’s clear target is Robinhood, which received an avalanche of publicity during the recent Gamestop scandal. The well-timed ad piggybacks on recent Reddit outrage around the practice, which last week spawned a House inquiry that resulted in Robinhood CEO Vlad Tenev being grilled by members of Congress. In a blog post, Public noted that it is “officially PFOF-free” as of Feb. 16. As an incentive to investors, the company is offering to cover any fees charged by an existing brokerage to transfer their portfolio to them. “I could hardly believe it, what I saw on Reddit today,” sings Bolton in the revamped lyrics, his vocals accompanied by stock images of romance gone wrong (shattering wine gla...
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