Coinbase users recently reported suffering difficulties on the platform. Coinbase and its trading platform, Coinbase Pro, have a history of experiencing outages and other issues during high-traffic times. Although users reported problems early this morning, a status update from Coinbase now indicates the platform is working normally once again. "All services are back up," the update said at 12:33 pm EST. "We are currently monitoring our systems." “Coinbase has disabled buying and selling of some crypto assets,” Morgan Creek Digital co-founder Anthony Pompliano tweeted earlier on Friday morning. Multiple folks on Twitter posted pictures of their difficulties when attempting USD …

Stock and cryptocurrency trading platform Robinhood has temporarily disabled instant deposits for cryptocurrency purchases as of Friday, citing "extraordinary market conditions." Users are still able to buy cryptocurrency using settled funds that have previously been deposited, although such deposits can take up to five business days to clear. A Robinhood spokesperson told CNBC that the company would "keep monitoring market conditions and communicating with our customers. Robinhood has faced recent criticism for suspending the trading of a number of traditional stocks, including GameStop, that were being supported by retail investors to the detriment of Wall Street hedge funds. This prompted …

Google has reportedly deleted thousands of negative reviews of Robinhood on the Google Play Store after the platform suspended trading of several skyrocketing stocks like GameStop, multiple sources claim. Financial analyst Mr. Whale reported on Jan. 28 that Google removed as many as 120,000 negative reviews of Robinhood, pushing the app’s rating from one star to about four stars. Google just removed over 120,000 negative reviews of RobinHood on the App Store. Screenshot is noon, and now pic.twitter.com/BjaXIEWhiD — Mr. Whale (@CryptoWhale) January 29, 2021 Google reportedly confirmed the massive removals to tech news publication The Verge, claiming that the …

The connections between trading app Robinhood, Citadel hedge fund, Melvin Capital, and GameStop are becoming clearer as the Internet burns with outrage over allegations of market manipulation. Melvin Capital was one of the biggest players short-selling GameStop stock, or GME. When a number of Redditors — and gamers — on the r/Wallstreetbets subreddit pushed back against institutions trying to financially destroy the popular brick and mortar video game store, the price of GameStop shares shot up. This effectively turned the tables on Melvin and left the firm vulnerable, with its investors likely to lose billions. However, Citadel and Point72 Asset …

As legacy markets roil, brokerages break down and accusations of market manipulation fly, longtime decentralized finance adherents can’t help but say “I told you so” when it comes to the need for open, unstoppable, permissionless financial architecture. Earlier today, popular trading app Robinhood took the possibly unprecedented step of disabling the buying functionality on certain tickers following a massive wave of retail interest in heavily shorted assets. Some commentators have pointed out the irony of Robinhood — an app that in name, marketing and conception focuses on the principle of democratizing finance — now turning its back on what has …

Mere hours after once-popular trading app Robinhood announced it would be suspending purchases of stocks pushed by retail investors on Reddit, and the community backlash has been swift and harsh. This morning, Robinhood said it had restricted transactions for American Airlines, AMC Entertainment, Blackberry, Best Buy, Castor Maritime, Express, GameStop, Koss Corporation, Naked Brand Group, Nokia, Sundial Growers, Tootsie Roll Industries, and Trivago N.V. Though the trading app claimed the action was due to “significant market volatility,” the timing is suspicious given many of the stocks in question were ones pumped by Redditors initially going up against major Wall Street …

At first glance, Know Your Customer checks and Anti-Money Laundering measures can seem incredibly cumbersome for crypto enthusiasts. But look deeper, and the importance of such regulations becomes incredibly clear. EXMO, a crypto exchange based in the United Kingdom, says consumers aren’t often aware of what goes on behind the scenes at a trading platform — and argues that it’s in a trader’s best interests to select a company that follows rules to the letter. The company pointed to how 70% of virtual currency companies in Estonia, long seen as one of the most crypto-friendly countries in the European Union, …

The success of the GameStop short squeeze in pumping the price above $370— and the reaction from centralized authorities and markets to it — has highlighted the need for decentralized finance, according to some in the crypto industry. The stock, which was trading at less than $20 per share earlier this month, was deemed by members of the r/WallStreetBets subreddit to be under attack by a hedge fund which had disclosed a large short position in the stock. As a result of the pump coordinated on Reddit and executed by individual traders using platforms like TD Ameritrade and Robinhood, hedge …

SIA, an Italian company specializing in e-payment services, is working on a blockchain-based system to enable secondary credit trading. The upcoming platform will allow banks, funds and financial operators to negotiate secondary credit transactions via blockchain, SIA announced on Tuesday. A spokesperson for SIA told Cointelegraph that the company plans to pilot the platform in the second quarter, while the full-scale launch is expected in the second half of the year. SIA’s new credit trading platform is being developed in collaboration with fintech startup WizKey. The Milan-based firm is building financial solutions with a focus on structured finance products and …

Exchange platform eToro is coming off a stellar year of growth, as novice traders seek new pathways into the financial markets, including cryptocurrency. The online brokerage firm ended 2020 with gross revenue of $600 million, with total trading volume surging 40% to $1.5 trillion. Describing his firm as a technology company and multi-regulated broker, CEO Yoni Assia said: “The last few years have seen a rapid growth in eToro’s headcount reflecting both our global expansion and the growth of our product offering and client base.” eToro has operated a successful social trading platform for a number of years, allowing novice …

For Jeremy Spence, also known as "Coin Signals," the news just gets worse. The Commodity Futures Trading Commission has unveiled civil fraud charges against Spence for his investment scheme, which allegedly suckered investors out of over $5 million worth of Bitcoin (BTC) based on false or misleading statements. As Cointelegraph reported, the Department of Justice arrested Spence earlier today on charges of wire fraud and commodities fraud that have maximum sentences of up to 30 years combined. The CFTC's civil complaint looks to return Spence's allegedly ill-gotten gains back to investors and to bar Spence from trading in commodity interest …

Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, remains the most preferred digital currency for investors, according to a new report. Bitcoin inflows accounted for 97% of total crypto inflows so far in 2021, according to a Jan. 25 report by digital asset investing company CoinShares. Bitcoin comprises 83% of digital asset investment products under management, while BTC investment products represent just 6.5% of total Bitcoin trading turnover. Amid a major cryptocurrency bull run in January, daily BTC trading volumes have massively surged so far this year, increasing from an average of $2.2 billion in 2020 to $12.3 billion …