Topics

Posted 9/1/2023, 2:48:45 PM

Robinhood bought back Sam Bankman-Fried's stake from US govt for $606M

Cryptocurrency trading platform Robinhood has purchased more than 55 million shares previously held by former FTX CEO Sam Bankman-Fried, following approval from the company's board and a US district court.

cointelegraph.com

Relevant topic timeline:

8/15/2023

Vlad Tenev shares Robinhood’s next chapter at TechCrunch Disrupt 2023

Main topic: Robinhood's future and expansion plans Key points: 1. Robinhood has faced controversy and challenges, including the GameStop trade freeze and declining user base. 2. The company has been expanding its product portfolio, including launching Robinhood Retirement and acquiring no-fee credit card startup X1. 3. Vlad Tenev, the co-founder and CEO of Robinhood, will discuss the company's next chapter at TechCrunch Disrupt 2023. Hint on Elon Musk: There is no mention of Elon Musk in the given text.

8/24/2023

Mysterious Owner Behind $3 Billion Bitcoin Wallet Has Finally Been Exposed

A wallet that accumulated $3 billion worth of Bitcoin in the last three months has revealed its owner to be Robinhood, although there is also evidence pointing to crypto exchange Gemini, raising doubts about Robinhood's ownership.

8/26/2023

Bitcoin Price Prediction as $10 Billion Sends BTC Up 1% – Are Whales Buying?

Bitcoin's recent surge in value may be attributed to a $10 billion investment by whales, Robinhood's involvement in a $3 billion Bitcoin purchase, and JPMorgan analysts predicting an end to the crypto bear market.

8/28/2023

Robinhood Revealed to be Third-Largest Bitcoin Holder With $3B in BTC

Investing platform Robinhood holds over $3 billion in bitcoin in a single wallet, making it the third-largest bitcoin holder, behind Binance and Bitfinex.

8/29/2023

Robinhood and Jump Trading No Longer Have Crypto Partnership: Source

Robinhood has ended its business relationship with market-maker Jump Trading as the firm faces increased regulatory scrutiny and is reportedly backing away from the US market.

8/30/2023

Robinhood’s Crypto Wallet Adds Bitcoin and Dogecoin

Robinhood expands its crypto wallet to include support for bitcoin and dogecoin, allowing users to send and receive these cryptocurrencies in addition to ether and tokens built on the Ethereum blockchain. They also introduce swap features for select users to trade ether for over 200 different assets.

9/1/2023

Robinhood to buy back Bankman-Fried's stake for $605.7 million from U.S. government

Robinhood has entered into a $605.7 million share repurchase agreement with the United States Marshal Service to buy back stock from Sam Bankman-Fried's Emergent Fidelity Technologies.

9/1/2023

Robinhood Jumps After Buying Back Stock Once Owned by FTX’s Sam Bankman-Fried

Robinhood's stock soars after repurchasing shares previously owned by Sam Bankman-Fried, the former CEO of FTX who is facing criminal charges.

9/16/2023

Robinhood Insider Sells $868K in Shares as Executives Cash Out Despite High Ownership

Insiders at Robinhood Markets have been selling more shares than they have been buying, with the recent sale by Daniel Gallagher being the largest in the past year. While high insider ownership suggests alignment with shareholders, the selling activity leaves some caution.

Topics

Posted 9/1/2023, 2:48:45 PM

Robinhood bought back Sam Bankman-Fried's stake from US govt for $606M

cointelegraph.com

Relevant topic timeline:

8/15/2023

Vlad Tenev shares Robinhood’s next chapter at TechCrunch Disrupt 2023

8/24/2023

Mysterious Owner Behind $3 Billion Bitcoin Wallet Has Finally Been Exposed

8/26/2023

Bitcoin Price Prediction as $10 Billion Sends BTC Up 1% – Are Whales Buying?

8/28/2023

Robinhood Revealed to be Third-Largest Bitcoin Holder With $3B in BTC

Investing platform Robinhood holds over $3 billion in bitcoin in a single wallet, making it the third-largest bitcoin holder, behind Binance and Bitfinex.

8/29/2023

Robinhood and Jump Trading No Longer Have Crypto Partnership: Source

Robinhood has ended its business relationship with market-maker Jump Trading as the firm faces increased regulatory scrutiny and is reportedly backing away from the US market.

8/30/2023

Robinhood’s Crypto Wallet Adds Bitcoin and Dogecoin

9/1/2023

Robinhood to buy back Bankman-Fried's stake for $605.7 million from U.S. government

Robinhood has entered into a $605.7 million share repurchase agreement with the United States Marshal Service to buy back stock from Sam Bankman-Fried's Emergent Fidelity Technologies.

9/1/2023

Robinhood Jumps After Buying Back Stock Once Owned by FTX’s Sam Bankman-Fried

Robinhood's stock soars after repurchasing shares previously owned by Sam Bankman-Fried, the former CEO of FTX who is facing criminal charges.

9/16/2023

Robinhood Insider Sells $868K in Shares as Executives Cash Out Despite High Ownership