In our “Stock” section, we cover news and developments related to traditional financial markets and publicly traded companies. Here you will find information about stock market trends, major companies, and the intersection between stocks, fintech, and cryptocurrencies. Read the “Stock” section on ForkNews to stay informed about movements in the global financial markets.
The American trading platform Robinhood, which deals with both cryptocurrencies and traditional assets, has come under fire after information emerged that the company was secretly selling confidential data of its users to third parties. Robinhood employees released a statement denying this, but the allegations against the company do deserve closer attention.
Jesse Powell, co-founder and CEO of cryptocurrency exchange Kraken, recently launched a regulatory fight with officials in New York, refusing to respond to a formal request from the state attorney general.
Popular Bitcoin exchange Poloniex intends to abandon eight cryptocurrencies. Mass delisting is scheduled for September 25. The main reason for abandoning the selected crypto assets is their low liquidity and lack of demand in the market.
According to Swedish media, the American Nasdaq exchange has made an offer to purchase Cinnober, a Swedish software provider for crypto exchanges, for $190 million. According to a Nasdaq statement, the acquisitions will strengthen the company's position as one of the largest software providers for digital markets.
Two major South Korean cryptocurrency exchanges, Bithumb and Coinone, have announced that starting next month, their users will be required to have verified accounts to be able to withdraw fiat.
Investing platform Robinhood, which is rapidly gaining popularity, appears to be making up for lost profits from zero commissions by selling users' data to make a quick buck at high-speed trading firms (HFTs) on Wall Street.
In a press release, Huobi Global announced the acquisition of a stake in Japanese licensed cryptocurrency exchange BitTrade, through Huobi Japan Holding Ltd, its subsidiary.
The founder of the world's second largest crypto exchange was arrested by the Shanghai police - such headlines appeared yesterday on social networks and local media. In fact, the CEO and founder of the OKCoin and OKEx cryptocurrency exchanges, Star Xu, was spotted at the local Shanghai police station. On the evening of the next day, Star Xu left the police station, which means that he was not charged within 24 hours, according to the law.
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