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Robinhood Hit With Class-Action Lawsuit After Shutting Down Trading For GME, AMC

Markets were sent into yet another frenzy of activity today as hundreds of thousands of Robinhood and TD Ameritrade (UPDATE: WeBull, which many RH users were migrating too, has also halted new positions in these stocks) users woke up to find these brokers were no longer allowing any further trades on GameStop ($GME), as well as other notable 'meme' stocks like AMC ($AMC), BlackBerry ($BB), and Nokia ($NOK) as well as cryptocurrency Dogecoin which also started to take off late last night (UPDATE: WeBull, which many RH users were migrating too, has also halted new positions in these stocks).

Jan 28, 2021 by eBaum's World
Finance News
ShapeShift Delists Privacy Coin Zcash Over Regulatory Concerns

ShapeShift, the Colorado-based cryptocurrency exchange that allows users to self-custody their assets, has delisted another privacy coin. Zcash has been removed from the trading platform in addition to monero and dash. Decrypt reported last Friday that XMR and DASH had been quietly removed; the delisting of ZEC was not noted.

Jan 08, 2021 by CoinDesk
Crypto News
Coinbase to Suspend XRP Trading on Jan 19 Following SEC Suit Against Ripple

Coinbase said it will suspend trading of XRP, the cryptocurrency the U.S. Securities and Exchange Commission sued Ripple Labs in regards to last week claiming it is really a security. Coinbase first listed XRP on its retail-facing platforms in February 2019. Starting now, XRP trading "will move into limit only," Coinbase wrote.

Dec 29, 2020 by Nikhilesh De, Zack Seward and Lawrence Lewitinn Nikhilesh De, Zack Seward and Lawrence Lewitinn - Yahoo News
Crypto News
Coinbase Will Suspend All Margin Trading Tomorrow

Coinbase Will Suspend All Margin Trading Tomorrow, Citing CFTC Guidance Crypto exchange Coinbase plans to end all margin trading effective Nov. 25, 2020, due to recent regulations by the Commodity Futures Trading Commission (CFTC). The San Francisco-based trading platform announced Tuesday that it would prevent customers from placing new margin trades beginning at 2 p.m.

Dec 02, 2020 by CoinDesk
Crypto News
US Printed More Money in One Month Than in Two Centuries

In a letter to investors released on July 29, Pantera Capital CEO Dan Morehead noted that the United States has printed a shocking amount of money to combat the pandemic-induced financial crisis. "The United States printed more money in June than in the first two centuries after its founding," Morehead wrote.

Aug 09, 2020 by Cointelegraph
Crypto News
Robinhood Trading App Crashes, Traders Experience Tech Issues Right During Huge Price Crash in Bitcoin Markets

Robinhood trading app crashed today and customers were unable to take profits even before the app's crash. Now, users have taken to social to voice their outrage. Robinhood trading app's latest update appears to have broken the platform, causing significant downtime and blocking customer access to funds.

Mar 30, 2020 by Bitcoinist.com
Crypto News
Amendment to Special Reporting Act Passes - Cryptocurrency Now Fully Legal in South Korea

The amendment to the Act on Reporting and Use of Specific Financial Information passed this afternoon in a full session of National Assembly. The passing of the amendment signifies the official entry of cryptocurrency trading and holding into the legal system for the South Korean government.

Mar 06, 2020 by TheNews.Asia
Crypto News
India lifts ban on cryptocurrency trading

Image Credits: Avishek Das / SOPA Images / LightRocket / Getty Images India's Supreme Court on Wednesday overturned central bank's two-year-old ban on cryptocurrency trading in the country in what many said was a "historic" verdict.

Mar 04, 2020 by Ampproject
Crypto News



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