Nifty News: Robinhood to launch a Web3 wallet, LimeWire inks deal with Universal and more

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Robinhood’s wallet will be noncustodial and multichain, allowing for the storage of NFTs along with the ability to connect to NFT marketplaces. Popular trading platform Robinhood is creating a noncustodial crypto wallet that will be compatible with multiple blockchains. The wallet will be a standalone application with the ability to store nonfungible tokens (NFTs) and … Read more

Robinhood Will Launch an NFT-Compatible Cryptocurrency Wallet With Zero Fees For DeFi Users

robinhood-will-launch-an-nft-compatible-cryptocurrency-wallet-with-zero-fees-for-defi-users

If this crypto winter made you so poor that you cannot even pay for the fees of your crypto transactions, keep reading; Robinhood might have the perfect solution to all your problems. The popular stocks and crypto trading app, Robinhood, announced that its upcoming crypto wallet will not charge gas fees and support non-fungible tokens … Read more

FTX’s Sam Bankman-Fried Buys 7.6% Stake in Robinhood, HOOD Surges 23%

ftx’s-sam-bankman-fried-buys-7.6%-stake-in-robinhood,-hood-surges-23%

Sam Bankman-Fried, the CEO of leading crypto exchange FTX, has purchased a 7.6% stake in the online trading platform Robinhood. According to a Thursday filing with the US Securities and Exchange Commission (SEC), the billionaire’s shares are worth $648 million, purchased at an average price of $11.52. Of note, the deal involved Emergent Fidelity Technologies … Read more

Crypto-associated stocks hammered as COIN and HOOD drop to record lows

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The stock price of listed BTC mining companies and other businesses with exposure to cryptocurrency are dropping to yearly lows as the crypto market continues to sell-off. Bad news continues to dominate crypto media headlines and May 12’s juiciest tidbit was the unexpected collapse of the Terra ecosystem. In addition to the weakness seen in … Read more

Robinhood shares spike 30% after Sam Bankman-Fried buys $650M stake

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Shares in the popular online brokerage Robinhood have spiked over 30% in after-hours trading following billionaire Sam Bankman-Fried acquiring a 7.6% stake in the company. Sam Bankman-Fried, the billionaire founder and CEO of cryptocurrency exchange FTX, has acquired a substantial 7.6% stake in the popular online brokerage, Robinhood.  The news was well-received by the market, … Read more