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

robinhood-shares-spike-30%-after-sam-bankman-fried-buys-$650m-stake

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

Bitcoin gains superior to stocks in the long term, economist says

bitcoin-gains-superior-to-stocks-in-the-long-term,-economist-says

Crypto is more volatile than stocks and thus is associated with higher risks, but it also offers better return opportunities, industry executives agree. The recent crashes in stock and cryptocurrency markets have provided yet another chance to observe better return opportunities of crypto versus stocks, according to several industry executives. This week, the crypto market … Read more