Stock trade app Robinhood raising at $5B+, up 4X in a year

By adding a cryptocurrency exchange, a web version, and stock option trading, Robinhood has managed to quadruple its valuation in a year, according to a source familiar with a new round the startup is raising. Robinhood is closing in on around $350 million in Series D funding led by Russian firm DST Global, the source […]

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Circle launches a Coinbase competitor in the U.S.

Circle is launching Circle Invest in the U.S. except in NY, MN, HI and WY. The app is now available in the App Store and Play Store and lets you instantly trade the most popular cryptocurrencies without any fee. Circle Invest isn’t exactly an exchange as the app hides most of the complexities that you […]

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Robinhood hires Josh Elman as VP of product, who’ll stay at Greylock

Zero-fee stock trading app Robinhood is getting some product firepower as it dives into cryptocurrency and weighs platform aspirations. Investor Josh Elman will join Robinhood as its VP of product while remaining at Greylock, though in a reduced capacity as a venture partner instead of as a general partner like before. With 4 million registered […]

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Coinbase gets e-money license in the UK, will add Faster Payments to speed up fiat deposits

The will be welcome news for cryptocurrency fans in the U.K. and Europe. Coinbase, one of more popular and accessible cryptocurrency exchanges, has been granted an e-money license by the U.K. regulator the Financial Conduct Authority (FCA). From a regulatory standpoint, this means that Coinbase is now able to issue e-money and provide payment services […]

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A gentle critique of the new Coinbase index fund

 Coinbase recently announced they are launching an index fund. Long term, this is very good for the industry and the Coinbase Index fund is a great first step. There are concerns, however, and before launching Coinbase should address some of the minor mistakes and major flaws noted below. Investment index funds have much promise for investors: low fees for easy access to the broad,… Read More

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Coinbase is launching its own cryptocurrency index fund

 When you’re the runaway leader in a growing industry you typically have two opinions: A) Stay in your lane and let other companies pop up to solve the industry’s problems. B) Try to offer as many products as possible and own the entire customer experience from A-Z (no Amazon pun intended). If there’s any doubt which option Coinbase is gunning for, that’s now gone.… Read More

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Coinbase addresses Ripple rumors, says it has made no decision on adding new coins

 Coinbase just threw a bit of cold water on Ripple enthusiasts eager to see their coin hit the popular mainstream exchange.  Rumors that Ripple’s XRP would be next in line after Bitcoin Cash reached a fever pitch this week among coin hype types, with some reading between the lines of a Tuesday segment of CNBC’s Fast Money that’s set to feature Ripple CEO Brad Garlinghouse… Read More

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Coinbase has hired LinkedIn’s M&A boss to spearhead new acquisitions

 Coinbase is continuing its executive hiring spree as the company has announced that Emilie Choi is joining Coinbase as Vice President of Corporate and Business Development.
Choi comes from LinkedIn where she was Vice President of Corporate Development and oversaw a total of 40 M&A-related transactions. Prior to that she worked in business development roles at both Warner Brothers and… Read More

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Robinhood rolls out zero-fee crypto trading as it hits 4M users

 Coinbase has some serious competition. Today Robinhood starts rolling out its no-commission cryptocurrency trading feature in California, Massachusetts, Missouri, Montana and New Hampshire. Users can buy and sell Bitcoin and Ethereum with no extra fees, and track those and 14 other coins in its sleek app. That’s compared to paying 1.5 to 4 percent fees in the US on Coinbase. Users can… Read More

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Visa confirms Coinbase wasn’t at fault for overcharging users

 Yesterday, we wrote that Coinbase customers were being charged multiple times for past transactions. While some speculated that the erroneous withdraws were down to a Coinbase engineering issue, Coinbase issued a statement saying it wasn’t liable for the duplicate charges. The blame, instead, rested with Visa for the way it handled a migration of merchant categories for… Read More

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