• Robinhood
    Cryptocurrencies,  Technology

    The real way that ‘free trading’ app Robinhood makes money will surprise you

    ‘Rob from the rich’ puts poor on dangerous path

    Robinhood positions themselves as this big company that wants to change the system. They cite Occupy Wall Street as their turning point. But Bloomberg found that they don’t even mention on LinkedIn that during Occupy, they were designing software for high frequency trading operations.

  • Wall Street
    Bitcoin,  Opinion

    Abra adds other features, but…

    App announced this week they will start letting customers make small stock and ETF purchases

    On Wednesday, Abra said its app will use the Bitcoin blockchain and smart contracts technologies to support fractional investments in stocks and exchange-traded funds (ETFs). Abra already offers the ability to “invest” in 50 fiat currencies and over 30 cryptocurrencies. This app is also very bad and we really love talking about it.

  • Santa
    Bitcoin,  Cryptocurrencies,  Opinion

    A crypto writer’s letter to Santa Claus

    Everything we need to make crypto great in 2019

    Dear Santa, This is a letter in regards to two letters you received in 2014 and 2015 when I asked you for bitcoin. In 2014, I got 4 BTC in my decentralized stocking (thanks!) for $419 each. By 2015, they had risen to “just” $890. Last year they went to $20,000 each. Thanks, Santa! They’re back down to about $3,900 as of the end of December 2018, but you won’t hear me complaining. Since you’ve effectively 50x’ed crypto in the time you’ve been involved, I’d like to ask you for several special other things that don’t depend on the markets in 2019. I’ve been a very good boy. I have…

  • Robinhood

    Robinhood’s promise to make you money was too good to be true

    Millennial favorite app reeled in users offering 3% in checking and savings, then someone called the SEC

    The Securities Investor Protection Corp. said a new checking account from millennial trading app Robinhood may not be insurable. Robinhood wowed users on Friday with a blog post announcing accounts with a guaranteed 3 percent return in their checking and savings accounts. It sounded too good to be true, mostly because it actually was. By Sunday they had entirely removed the post from their website. Now Robinhood may be in trouble with the SEC of Nottingham. CEO of the nonprofit SIPC Tony Harbeck referred the matter to the Trading and Markets Division of the Securities and Exchange Commission. Asked if the SEC had already been in contact with Robinhood, Harbeck…