Robinhood Acquires Pluto for AI-Driven Investment Advice
Robinhood announced the acquisition of Pluto, an AI-driven investment platform. The move aids crypto exchange users’ financial decisions. Robinhood, a prominent force in the cryptocurrency sector, has disclosed its acquisition of Pluto. It is a cutting-edge AI-powered investment copilot. Additionally, the objective of this initiative is to improve the exchange’s offerings by incorporating sophisticated AI […]
Ark Invest Sells $7M Robinhood Shares, HOOD Stock Drops 2%
Ark Invest sold over $7.5M in Robinhood shares on June 10, 2024, causing a pre-market drop in HOOD stock despite Robinhood’s acquisition of Bitstamp. On Monday, June 10, 2024, Ark Invest, which is under the leadership of Cathie Wood, executed substantial transactions, including a substantial sell-off of Robinhood Markets Inc. (HOOD). Despite Bitstamp’s recent acquisition […]
Robinhood Launches Crypto API for US Traders
Robinhood has made public its application programming interface (API) for cryptocurrency trading, which is now available to United States-based consumers. The investing application disclosed its endeavor to access experienced cryptocurrency speculators via an API on May 30. A crypto trading API enables traders in the United States to establish automated trading strategies. According to Robinhood, […]
Robinhood Receives Wells Notice from U.S SEC
The U.S. SEC has sent Robinhood Markets Inc. a Wells notice alerting it to the possibility of an enforcement action for its cryptocurrency business. According to a regulatory filing submitted on Monday, the SEC’s staff has issued a preliminary determination and recommended that the agency take enforcement action against Robinhood Crypto for its cryptocurrency listings, […]
ARK Invest Sells Coinbase, Robinhood Shares for First Time in 2024
Spot Bitcoin exchange-traded fund (ETF) issuer ARK Invest has sold major cryptocurrency-related stocks, including those of Coinbase and Robinhood, for the first time this year. ARK divested 214,068 Coinbase (COIN) shares and 119,394 Robinhood (HOOD) shares from its ETFs on February 14, according to a trade notification that Cointelegraph obtained. The trading firm divested 152,600 […]