Dec 07, · But if I use bitcoin to buy $25 worth of socks on Overstock today, and the price of bitcoin quadruples next week, I'll feel like those socks actually cost me $ Then again, if bitcoin crashes. View the latest technology headlines, gadget and smartphone trends, and insights from tech industry leaders. Oct 08, · (CNN)Square (SQ) is making another big bet on bitcoin. The financial services company, which is led by Twitter (TWTR) co-founder and CEO Jack Dorsey, announced Thursday that .
Cnn tech bitcoin traderVirgin's Richard Branson Warns on Bitcoin Scam Sites Using His Name - CoinDesk
Airbnb CEO: People still yearn to travel. Economist: It's going to take years for jobs to recover. Chewy's CEO expects growth to continue post pandemic. These pot stocks are poised to win big under Biden. Dow crosses 30, mark for the first time ever. Alan Greenspan on the Fed's pandemic response. Moderna chairman: We don't need deep-freeze conditions for vaccine. Markets soar after Pfizer vaccine news and Biden win. Why tech stocks are soaring after Election Day.
See which state's economy is faring best during the pandemic. Millions of Americans are out of work. Why is the stock market soaring? Not a subscriber? You can sign up right here. But regulators are increasingly concerned about its business model, accusing Robinhood of failing to protect rookie traders and encouraging risky behavior. Regulators slam Robinhood for targeting newbie investors with aggressive marketing. What's happening: Massachusetts officials alleged Wednesday that the company violated state law by attracting inexperienced investors with gaming elements like colorful confetti celebrating trades and other aggressive marketing techniques, my CNN Business colleague Matt Egan reports.
They also said Robinhood failed to safeguard its system after explosive growth led to dozens of outages and disruptions in Robinhood used strategies "such as gamification to encourage and entice continuous and repetitive use of its trading application," the enforcement arm of the Massachusetts Securities Division said, while targeting "younger individuals In a statement, Robinhood said it disagrees with the allegations and plans to "vigorously" defend itself.
The startup pointed to improvements made to its options offering, additional safeguards and enhanced educational materials. Read More. Big picture: Robinhood has emerged as one of the winners of the pandemic. The growing clout of retail investors has been a big talking point this year, though a review of Robinhood's effect on stock market moves by Nick Maggiulli of Ritholtz Wealth Management in September found that the impact appears to be overstated.
The Robinhood boom has put other online brokerages on notice. PitchBook said in a report earlier this year that Robinhood "is taking significant market share during times of increased pandemic-driven trading volatility," while pushing down fees across the industry.
But with the jump in popularity has come increased scrutiny of its practices. The startup's co-founders said they were "personally devastated by this tragedy" and announced a series of changes to the platform in response.
He has promoted bitcoin and blockchain technology in the past, including through an annual private island summit of industry participants. Branson is not the only publicly recognizable figure to warn consumers about scams being perpetrated in his name. Martin Lewis, a British personal finance writer, recently sued Facebook for its failure to take down ads using his image to push scams. Adding to the growing criticism of social media companies for failing to tackle the problem, Branson wrote Thursday:.
Richard Branson image via Shutterstock. Read more about