NFT News by Thebittimes.Com

Also Read: Terra Luna Classic L1TF All Set For v2.2.0 Core Upgrade, LUNC Price Jumps 5% advertisement Robinhood Wallet Support for Bitcoin and Dogecoin The company had announced it was launching custody, send, and receive support for Bitcoin and Dogecoin to all users. The Wallet had also enabled in-app swaps on the Ethereum network. With this, users can now own, send, and receive crypto on Arbitrum, Bitcoin , Ethereum, Dogecoin, Optimism, and Polygon networks. Besides, they can swap crypto on Ethereum and Polygon, and connect to a wide range of decentralized applications (DApps). In a statement, the company said it was encouraged by the adoption and hence expanded support for new networks and tokens. Johann Kerbrat, the general manager of Robinhood Crypto, said, “We have been really encouraged by the adoption so far, and are excited to keep building for our customers around the world as we ship new Features and expand support for new networks and tokens....

Robinhood has been planning expansion into the United Kingdom since 2019 but the project has faced multiple delays. Cryptocurrency-friendly trading platform Robinhood is moving forward with plans to launch services in the United Kingdom with a new major local appointment . Robinhood has appointed former Barclays executive Jordan Sinclair as the new CEO to run its United Kingdom entity, according to data from the Financial Conduct Authority. According to FCA, Sinclair was approved by the authority to perform the CEO role at Robinhood’s U.K. arm on July 18. Prior to joining Robinhood, Sinclair was a managing director at the European fintech Freetrade for 13 months, according to his LinkedIn profile. The new Robinhood’s executive also worked as director of group strategy at the financial firm Barclays and corporate banker at Wells Fargo. The latest hiring comes in line with Robinhood’s long-running plans to launch a platform in the United Kingdom. Robinhood’s U.K. expansion has been rum...

The newly proposed Crypto bill comes amid the price pump of Bitcoin, Ethereum and other cryptocurrencies that have added $350 billion to the crypto market in 2023. advertisement Coinbase, Robinhood and CFTC To Testify Over Draft Crypto Bill Now, it has been learned that Coinbase, Robinhood and representatives from the US commodities regulator are gearing up to testify before Congress to discuss the draft Crypto bill on June 6, 2023. Rostin Behnam, Chairman, Commodity Futures Trading Commission said he will be testifying on Capitol Hill before the House Committee on Agriculture to share Coinbase’s views on the Digital Asset Market Structure Discussion Draft that was released on June 2. I will be testifying tomorrow in front of the House Committee on Agriculture on the issues related to #digitalcommodityassets. Watch the hearing here: https://t.co/PAKpCuavpr Recommended Articles ...

The downward momentum instigated by the collapse of the FTX empire seems to be increasingly detrimental. Several platforms were immensely impacted by this and FTX-acquired firm BlockFi was certainly one among them. After filing for Chapter 11 Bankruptcy today, it was revealed that the platform was suing FTX’s former chief Sam Bankman-Fried. The newly bankrupt firm filed a lawsuit, particularly against Emergent Fidelity Technologies. This is reportedly SBF’s holding company and the troubled crypto lender was after his shares in Robinhood that were previously put up as collateral. This collateral was pledged back in early November. SBF managed to amass a 7.6 percent stake in Robinhood in May. He purchased a whopping $648 million through Emergent Fidelity Technologies. JUST IN: BlockFi sues Sam Bankman-Fried to seize his $575 million stake in Robinhood, Financial Times reports. — Watcher.Guru (@WatcherGuru) November 28, 2022 Through this latest lawsuit, B...