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Robinhood CEO Slams FTX M&A Chatter

Vlad Tenev, Robinhood Markets (HOOD) chief executive officer, tried to shut down speculation Wednesday that crypto giant FTX is taking over his firm, saying there's $6 billion in cash for the brokerage to explore potential acquisitions. This comes as Robinhood laid off 23% of its workforce. "The Hash" hosts weigh in.

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Генеральный директор Robinhood прекращает разговоры FTX о слияниях и поглощениях, заявляя, что у него есть деньги на собственные сделки

Генеральный директор Robinhood Влад Тенев заявил в среду, что у брокерской компании есть $6 млрд наличными на случай, если она захочет изучить потенциальные приобретения.

Trading app Robinhood has added Solana, Pepe, Cardano and XRP to the list of cryptocurrencies available to trade on its platform. (Unsplash)

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Robinhood Cuts 23% of Staff, but Crypto Transaction Revenue Rose to $53M

Bitcoin IRA co-founder and COO Chris Kline discusses the key takeaways from Robinhood's latest earnings report as it lays off nearly a quarter of its workforce while its crypto transaction revenue rose 7% to $58 million in Q2. Plus, outlook for MicroStrategy as bitcoin maximalist and CEO Michael Saylor steps down from his position.

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Broker Robinhood Cuts Workforce by 23%, Shares Jump

Online trading brokerage Robinhood (HOOD) is cutting headcount by 780 workers, or about 23% its employees, in order to further streamline costs amid a continuing decline in monthly active users on the platform. In a press release, Robinhood CEO Vlad Tenev said it was due to “deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad crypto market crash." "The Hash" team discusses the fate of Robinhood and where it could be headed next.

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Брокер Robinhood сокращает почти четверть персонала

Во втором квартале объемы Криптo компании выросли, несмотря на то, что общая выручка от торговли снизилась.

Despidos en el exchange Bullish.com. (Pradit.Ph/Shutterstock)

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New York Dept of Financial Services Fines Robinhood Crypto $30M

The New York State Department of Financial Services fined Robinhood’s cryptocurrency trading unit $30 million for alleged violations of anti-money-laundering and cybersecurity regulations. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the penalty. Plus, insights into SEC's fraud charge on Ponzi scheme Forsage and latest on Bitfinext hack laundering suspects "Razzlekhan" and "Dutch."

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Криптo подразделение Robinhood оштрафовано на 30 миллионов долларов финансовым регулятором Нью-Йорка

В прошлом году онлайн-брокер заявил, что ожидает штрафа после расследования 2020 года.

Trading app Robinhood has added Solana, Pepe, Cardano and XRP to the list of cryptocurrencies available to trade on its platform. (Unsplash)

Finance

Акционеры Coinbase и Robinhood столкнулись со значительным размыванием акций: JPMorgan

Как и многие публичные технологические компании, Coinbase и Robinhood предложили своим сотрудникам щедрые пакеты акций с ограниченным обращением в качестве части компенсации.

(Robert Nickelsberg/Getty Images)