Robinhood, the online brokerage aimed at individual investors, is launching Robinhood Social, which will allow users to follow each other’s profits and losses and feature public figure profiles. Membership will initially be extended to select Robinhood customers, starting early next year, with broader availability to follow. Robinhood says the move is based on feedback from active traders who say they rely heavily on social media to navigate the markets. Since it can be challenging to differentiate between legitimate posts and sponsored message or misinformation, Robinhood Social aims to make the process more transparent, according to the company. Continue reading Robinhood Brokerage Set to Launch a Social Media Platform

Cryptocurrency entrepreneurs convened in early December to record The Cryptocurrency Landscape session that CES 2021 released today. Panelists discussed how Wyoming has established legal and regulatory protocols for Bitcoin to make cryptocurrency activities compatible with existing banking regulations. They also discussed how institutions and businesses are getting more comfortable with cryptocurrency investments, how online payment services such as PayPal and Venmo have added Bitcoin to their transaction options, and how cryptocurrency’s provable scarcity makes it more attractive to investors and the general public as countries issue more currency to prop up their economies during the COVID shutdown. Continue reading CES: Industry Experts Discuss the Cryptocurrency Landscape