Fun

News Feed - 2023-07-25 10:07:00

Helen Partz10 hours agoCrypto-friendly Robinhood inches closer to UK with local CEO appointmentRobinhood has been planning its expansion into the United Kingdom since 2019, but the project has faced multiple delays.2694 Total views31 Total sharesListen to article 0:00NewsJoin us on social networksCryptocurrency-friendly trading platform Robinhood is moving forward with plans to launch services in the United Kingdom with a new major local appointment.


Robinhood has appointed former Barclays executive Jordan Sinclair as the new CEO of its United Kingdom entity, according to data from the Financial Conduct Authority.


According to FCA, Sinclair was approved by the authority to perform the CEO role at Robinhood’s U.K. arm on July 18.


Prior to joining Robinhood, Sinclair was a managing director at the European fintech firm Freetrade for 13 months, according to his LinkedIn profile. He also worked as a director of group strategy at the financial firm Barclays and a corporate banker at Wells Fargo.


The latest hiring comes in line with Robinhood’s long-running plans to launch a platform in the United Kingdom. Robinhood’s U.K. expansion has been rumored since at least early 2019 but has been delayed multiple times. In April 2022, Robinhood renewed its expansion plans by acquiring the British crypto firm Ziglu.


Local reports in mid-July suggested that Robinhood had started the process of hiring key executives for its U.K. business. The firm reportedly expects to launch its service in the U.K. by the end of 2023.


Related:Ripple applies for crypto license in the United Kingdom


Robinhood’s entrance to the U.K. comes amid United States regulators continuing to scrutinize major cryptocurrency firms. The U.S. Securities and Exchange Commission is currently pursuing multiple cases related to crypto firms in the country, including against companies like Coinbase, Ripple, Binance.US and others.


As a major crypto platform in the United States, Robinhood has also faced action by the SEC. In February, Robinhood Markets received an investigative subpoena from the SEC over its digital asset business’ crypto listings, custody and platform operations. In June, Robinhood announced plans to cease support for coins like Cardano’s ADA (ADA), Polygon’s MATIC (MATIC) and Solana’s SOL (SOL) after the SEC labeled them unregistered securities.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Tokenizing music royalties as NFTs could help the next Taylor Swift# Bitcoin# Cryptocurrencies# United States# United Kingdom# Robinhood# RegulationAdd reactionAdd reactionRelated NewsWhat is an atomic swap, and how does it work?The last Bitcoin: What will happen once all BTC are mined?Zero-knowledge tech development heats up amid bear marketHere’s what happened in crypto todayClarity needed on crypto lending regulations — UK Law CommissionUK government rejects lawmaker’s call to treat crypto like gambling

News Feed

Re-Mining Simulation Shows Satoshi Used a Single High-End PC to Mine 1.1M Bitcoin
Re-Mining Simulation Shows Satoshi Used a Single High-End PC to Mine 1.1M BitcoinCryptocurrency advocates have been recently discussing the mysterious Bitcoin inventor Satoshi Nakam
Francisco Rodrigues9 hours agoPay and dump? How businesses accepting crypto payments influence adoptionCrypto payments are often seen as a way to boost adoption, but is adoption growing if the business sells crypto right
Dubai Café Accepts Cryptocurrency as Payment, Owner Hints at Paying Employee Salaries in Crypto
Dubai Café Accepts Cryptocurrency as Payment, Owner Hints at Paying Employee Salaries in Crypto Bake N More, a Dubai-based cafe, has become the latest company from the region to a
German Crypto Regulator BaFin Shuts Down Unauthorized Bitcoin ATMs
German Crypto Regulator BaFin Shuts Down Unauthorized Bitcoin ATMs Germany’s Federal Financial Supervisory Authority (BaFin) has shut down unauthorized bitcoin ATMs in the
Savannah Fortis10 hours agoGen Z in South Korea prefers XRP and other altcoins to BTC and ETH: ReportA report from a local South Korean publication found that 20% of Gen Z investors in the country hold XRP, the most sele
Tristan Greene7 hours agoSolana Labs launches Web3 incubator offering dev and fundraising supportApplications will be accepted for consideration until November 30.986 Total views12 Total sharesListen to article 0:00NewsJ
Gareth Jenkinson1 hour agoBitget mandates KYC requirements in line with tightening global regulationsThe exchange operator is implementing new KYC requirements for users from September 2023 to comply with developing glob
Financial Advisors Managing $110 Trillion Can Now Offer Crypto Trading to Clients via Interactive Brokers
Financial Advisors Managing $110 Trillion Can Now Offer Crypto Trading to Clients via Interactive Brokers Registered investment advisors (RIAs) with about $110 trillion under manag
BitMEX Exchange Exposes User Base in Email Mishap
If you have an account with crypto derivatives exchange BitMEX, there’s never been a better time to update your security preferences. On Friday at 08:00 UTC, BitMEX alerted it
How Solana is transforming cross-border agricultural trade
Arijit Sarkar11 hours agoHow Solana is transforming cross-border agricultural tradeAgriDex’s blockchain-based platform enabled a South African farm to complete a trade with a London importer, showcasing the benefits of
Dubai’s New Virtual Asset Regulator Licenses Crypto Exchanges Binance, FTX
Dubai"s New Virtual Asset Regulator Licenses Crypto Exchanges Binance, FTX Dubai’s Virtual Asset Regulatory Authorityhas licensed two cryptocurrency exchanges: Binance and F
Nigerian BTC Peer-to-Peer Volumes Nearly $400M in H1 of 2022 — Significant Growth in Kenya and Ghana Volumes
Nigerian BTC Peer-to-Peer Volumes Nearly $400M in H1 of 2022 — Significant Growth in Kenya and Ghana Volumes Nigeria’s peer-to-peer bitcoin traded volumes of over $1.1 bil