Try to wrap your heads around this one: The eToro cryptocurrency exchange is spending $1 million to launch something called GoodDollar, an open-source blockchain project that — the company hopes — will create some form of globalized universal basic income. To me, at first glance, it reads more like a blockchain-based charity.
Read moreeToro is spending $1 million to start GoodDollar, a blockchain-based UBI experiment…?
Robinhood, if you can use it when it’s not experiencing downtime, is a great way for retail investors to buy and sell stocks. But it seems the company’s rapid growth came with some disclosure oversights that have caught the attention of the SEC. The company could be facing a fine of up to $10 million, according The Wall Street Journal.
It goes without saying that COVID-19 has impacted the world economy. The unemployment numbers chart is perhaps the most striking statistical representation.
Read moreCoinbase sees spike in $1,200 crypto buys as IRS deposits stimulus checks
The novel coronavirus is spreading rapidly across Texas, with more than 30 cases reported statewide as of March 12th. There is yet another case in the Dallas-Fort Worth metroplex that is yet to be confirmed, if internet reports from those close to the Charles Schwab corporate offices in Westlake, Texas are to be believed.
Read moreCharles Schwab purportedly has first Westlake, TX novel coronavirus case [Updated]
Cash App says that it isn’t allowing Robinhood users to transfer their stock portfolios from the service. This comes as Robinhood has experienced multiple outages this week and frustrated users are considering their options for moving their portfolios out of the brokerage.
Read moreCash App says it isn’t taking inbound account transfers from Robinhood customers… for now