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Analysis: Robinhood CEO's U.S. lawmaker grilling spotlights broker's hidden risks

Analysis: Robinhood CEOs U.S. lawmaker grilling spotlights brokers hidden risks Michelle Price , By Michelle Price and Anna Irrera WASHINGTON (Reuters) - Robinhood CEO Vlad Tenev told a congressional hearing that his decision to curb buying in some stocks such as GameStop Corp during a period of extreme volatility was unavoidable, but industry experts said it only underscored the risks the popular trading app was willing to accept to expand its market share...
United States City Of United Kingdom Leslie Adler Joseph Cisewski Virginie Oshea

Bitcoin tops $50,000 as it wins more mainstream acceptance

5 Min Read LONDON (Reuters) - Bitcoin rose above $50,000 on Tuesday for the first time, adding steam to a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance among mainstream investors and companies. Bitcoin hit a record $50,603 and was last up 0.83% at $48,351. It has risen around 67% so far this year, with most of the gains coming after electric carmaker Tesla said it had bought $1.5 billion in bitcoin. The move by Tesla, which also said it would accept bitc...
New York United States City Of United Kingdom Janet Yellen Thyagaraju Adinarayan

Coinbase appoints former Stripe executive as compliance chief

By Reuters Staff 2 Min Read FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken Dec. 8, 2017. REUTERS/Benoit Tessier/Illustration/File Photo LONDON (Reuters) - Coinbase has appointed former Stripe executive Melissa Strait as chief compliance officer, as the U.S. cryptocurrency exchange prepares for a direct listing, the company said on Wednesday. Strait will oversee the company’s global compliance programs, including know-your-custome...
City Of United Kingdom Paul Grewal Jack Dorsey Anna Irrera Jan Harvey

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Bitcoin smashes through $50,000 as mainstream charge gathers pace

<div class="at-above-post addthis_tool" data-url="https://www.metro.us/bitcoin-tops-50000-as/"></div>LONDON (Reuters) – Bitcoin rose above $50,000 on Tuesday for the first time, adding steam to a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance among mainstream investors and companies. Bitcoin hit a record $50,603 and was last up 0.83% at $48,351. It has risen around 67% so far this year, […]<!-- AddThis Ad...
United States City Of United Kingdom James Butterfill Janet Yellen Thyagaraju Adinarayan
Source: metro.us

REFILE-FACTBOX-Bitcoin's famous backers

(Refiles to change slug, no changes to text) Feb 16 (Reuters) - Bitcoin rose above $50,000 on Tuesday for the first time, continuing a rally that has seen it rise nearly 900% since March last year. Sceptics of the cryptocurrency’s ability to go mainstream say it is rarely used for regular transactions and is too volatile to be a reliable store of value or hedge against inflation. But it has attracted endorsements from business people, celebrities and companies, betting bitcoin will become an ...
White House District Of Columbia United States Paul Tudor Jones Donald Trump Jack Dorsey

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