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Tag: Robinhood

Terra Classic Community Urges Robinhood to List Terra Classic (LUNC)
Terra Classic (LUNC)

Terra Classic Community Urges Robinhood to List Terra Classic (LUNC)

The Terra Classic community, fueled by the passionate support for the blockchain's native token, Terra Classic (LUNC), has taken to social media to call upon popular trading platform Robinhood to list their beloved cryptocurrency. This movement gained momentum when Terraport Finance, a prominent player in the Terra ecosystem, tweeted about the initiative, prompting a widespread response from the community. https://twitter.com/TerraValidators/status/1730121484784500996 The Rise of Terra Classic and LUNC: Terra Classic, a blockchain network known for its stability and efficiency, has gained significant attention in the crypto space. Its native token, LUNA Classic (LUNC), has become a favourite among investors due to its innovative features and the promising potential of the Terra ecosy...
Binance Implements Faster Crediting of Deposits on Ethereum, Arbitrum, and Optimism Networks
Crypto Exchanges

Binance Implements Faster Crediting of Deposits on Ethereum, Arbitrum, and Optimism Networks

Binance, the world's leading cryptocurrency exchange, has announced a significant reduction in the minimum number of blocks required for crediting deposits on the Ethereum, Arbitrum, and Optimism networks. This move comes as part of the exchange's ongoing efforts to improve user experience and streamline transaction processes. Effective immediately, the minimum number of blocks needed for crediting deposits on the Ethereum network has been reduced from 12 to 6 blocks. Consequently, the time required for deposit transactions to be confirmed and reflected in users' accounts has been substantially decreased from an average of around 25 minutes to approximately 13 minutes. This development marks a major milestone in enhancing the efficiency of Ethereum-based transactions on Binance. Read...
Building Strong Team: The Power of External Pressure – Insights from Binance CZ
Crypto Exchanges

Building Strong Team: The Power of External Pressure – Insights from Binance CZ

Building a tight and strong team is a common goal for many organizations. While various team-building activities and strategies exist, Binance CEO Changpeng Zhao (CZ) shares a counter-intuitive "secret" to fostering a strong team: external pressure. This approach draws inspiration from experiences in military combat and highlights the importance of reliance, alliance, resilience, and trust among team members. CZ believes that Binance's ability to thrive under pressure has contributed to its tight-knit team and the unwavering support of its community. This article explores the concept of external pressure as a catalyst for team cohesion, using CZ's insights as a guiding example. Read Also: Terra Classic Validator Launches Ambitious LUNC Burning Initiative to Propel Token Price to $1 h...
Binance CEO Responds to Rumors of Employee Departures Amid Regulatory Investigations
Crypto Exchanges

Binance CEO Responds to Rumors of Employee Departures Amid Regulatory Investigations

Changpeng Zhao (CZ), the CEO of Binance Exchange, has addressed the recent rumours surrounding employee departures at the company. The speculations gained traction on news outlets and social media platforms over the past 24 hours, primarily focusing on the reported reasons behind the resignations. Executives at Binance Plan to leave due to CZ's response According to an article by Fortune, citing unnamed sources, several Binance executives, including general counsel Han Ng, Hillmann, and Christie, have chosen to leave their positions at the exchange due to CZ's response to investigations by regulators in the United States. In response to the rumours, Hillmann and Christie took to Twitter to confirm their departures but did not explicitly mention the exchange's regulatory challenges. Ch...
New Whale Purchases A Whopping  3.369T SHIB, Worth $40.80M As Trade Volume Goes Beyond One Billion
Shiba Inu

New Whale Purchases A Whopping 3.369T SHIB, Worth $40.80M As Trade Volume Goes Beyond One Billion

Whale Alert shared the detail of how a new whale accumulated a whopping 3,369,887,165,968 (3.369T) SHIB, worth $40,809,333 ($40.80M). The detail revealed that the transaction was done by an unknown wallet into a deep pocket in one big transaction. Read Also: Shytoshi Kusama Says Shibarium Will Be Launching Soon https://twitter.com/whale_alert/status/1586760004337639424 New Whale Accumulates 3.369T SHIB Aside from the data shared by the Whale Alert, another whale monitor, Etherscan.io said that the transaction was performed about 12 hours ago. The amount shifted to the new wallet is stagnant, and the address holds 3.369T Shiba Inu. A New Whale purchases 3.369T SHIB: Etherscan.io It is worth noting that such a massive amount of SHIB was packed by the whale following ...
Shiba Inu Enters Five Top Gainers’ List On Robinhood
Shiba Inu

Shiba Inu Enters Five Top Gainers’ List On Robinhood

The recent development revealed that Shiba Inu ranks among the five top gainers on Robinhood. The development came following the recent spike in the price of Shiba Inu, especially the past seven-day spike. Robinhood places Shiba Inu In The 5 Top Gainers List The development was shared by Robinhood via their Twitter handle, noting that Shiba Inu soared 18% this week to rank as the fourth cryptocurrency with the most gain on Robinhood. The leading canine-themed token was only behind Avalanche (AVAX), Ethereum (ETH), and Dogecoin (DOGE). Read Also: Terra Classic Launches First-Person Shooter (FPS) Game Where Users Can Play And Earn Reward https://twitter.com/RobinhoodApp/status/1586155590975254528 The Shiba is currently trading at the $0.00001168 point, having a spike of 17....
Dogecoin Traders Might Soon Be Able to Swap DOGE on Robinhood Without Network Fees; Here’s How
Cryptocurrency

Dogecoin Traders Might Soon Be Able to Swap DOGE on Robinhood Without Network Fees; Here’s How

Stock trading platform Robinhood has said its new noncustodial "Robinhood 3" wallet would allow users to hold the keys for their crypto, earn yield, and trade or swap crypto, including non-fungible tokens, without paying network fees. Transactions will also be commission-free, it stated. Read Also: Dogecoin Will Rise15% If This Pattern Plays Out Correctly https://twitter.com/RobinhoodApp/status/1526619287162691584 Users will be able to store their NFTs and connect them to online marketplaces for the first time with the new digital web3 wallet. When it releases, Robinhood will be in direct competition with Coinbase and start-ups the MetaMask. The new wallet will be present internationally after a waitlist is created and founded as stated by Robinhood. Over the last ...
40.9 Billion DOGE Held by Robinhood – 30.9% of Coins in Circulation: Details
Cryptocurrency

40.9 Billion DOGE Held by Robinhood – 30.9% of Coins in Circulation: Details

@DogeWhaleAlert's Twitter account has tweeted that Robinhood keeps holding over one-third of the overall circulating DOGE supply for its clients. Although, the largest meme cryptocurrency by market capitalization value has again helped move a massive amount of value for just a tiny fee compared to banks. Read Also: Cardano Founder Shares Latest Information on Stablecoin Djed $38 million in DOGE stored by Robinhood As stated by the recent tweet, the @DogeWhaleAlert account that tracks large Dogecoin transactions made by whales, stated that the amount of popular canine tokens held by the platform for its investors continue to hold at the 30% level, i.e., 30.90% of the Dogecoin supply circulating in the market.  This meme crypto that belongs to Robinhood’s customers is held in...
Robinhood Trading App Is “Unraveling” for “Disgusting” Activities, Says Charlie Munger
Uncategorized

Robinhood Trading App Is “Unraveling” for “Disgusting” Activities, Says Charlie Munger

Charlie Munger, Warren Buffett's right-hand man, and Berkshire Hathaway vice-chairman has slammed the trading app Robinhood, saying the company is now "unraveling." Munger blasted what he describes as Robinhood's "short-term gambling, big commissions, hidden kickbacks, and so on." Read Also: ApeCoin to Move from Ethereum After "Turning Lights Off," Causes Controversy Robinhood does not charge commissions to customers and makes the majority of its gains from "payment for order flow," which is a back-end fee paid to brokerages for channeling clients' trades to market makers. Munger described this as "disgusting," saying, "Now it's unraveling. God is getting just." Munger initially attacked Robinhood's practices in February 2021 amid a trading frenzy while calling the a...
Robinhood CEO talks about how Dogecoin Can Become People’s Currency.
Cryptocurrency

Robinhood CEO talks about how Dogecoin Can Become People’s Currency.

In a  recent  Twitter thread, Robinhood CEO Vlad Tenev has suggested several improvements that could make Dogecoin the currency of the internet and the people. The 35-years executive claims that transaction fees have to be “vanishingly small” for the meme cryptocurrency to reach widespread acceptance. The Dogecoin core 1.14.5 upgrade, which was introduced last November, significantly lowered transaction fees. From the observation made by Tenev, this makes it a much cheaper alternative to popular car networks that charge up to 30% per transaction. Read Also: Arbitrum Got A Scale Up Support From Yearn:Finance Robinhood executive also says that the block time should be lowered to just ten seconds. In such a way, Tenev also agrees that the block time shouldn’...