Robinhood Adds Zero-Fee Cryptocurrency Trading and Tracking (Tech Crunch)
No-commission stock trading app Robinhood will let you buy and sell Bitcoin and Ethereum without any added transaction fees starting in February, compared to Coinbase’s 1.5 to 4 percent fees in the US. And as of today Robinhood will let all users track the price, news, and set up alerts on those and 14 other top crypto coins, including Litecoin and Ripple. “We’re planning to operate this business on a break-even basis and we don’t plan to profit from it for the foreseeable future” says Robinhood co-founder Vlad Tenev. “The value of Robinhood Crypto is in growing our customer base and better serving our existing customers.”
SEC, CFTC Chiefs Eye Closer Crypto Scrutiny (CoinDesk)
Two U.S. financial regulators are increasing their agencies’ commitment to bringing closer scrutiny to the country’s cryptocurrency industry. In a Wall Street Journal op-ed published yesterday, both the Securities and Exchange Commission (SEC) ands the Commodity and Futures Trading Commission (CFTC) voiced that they are devoting a significant portion of resources to monitoring the industry. And along with other authorities, they will continue to stamp down on fraudulent activities in the market.
Will Britain Ban Bitcoin? Theresa May Wants UK To Crack Down On Bitcoin Trading (Lad Bible)
You can tell that cryptocurrency has hit the big time when world leaders are discussing it in speeches. The Bitcoin creators could never have imagined that it would become so big when they first set it up as a digital alternative to traditional currency back in 2008. Well, today at the World Economic Forum in Davos, Switzerland, British Prime Minister Theresa May said that she was having a serious thought about whether to bring in new rules to regulate the sale and purchase of Bitcoin. But will Britain ban Bitcoin? The markets for Bitcoin and other cryptocurrencies are pretty changeable and even the idea that they might be regulated is usually enough to make them go into freefall.
What You Need to Know About Neo, the ‘Smart Economy’ Cryptocurrency (www.inverse.com)
Neo is taking the world by storm. Since its launch by Da Hongfei in 2014, it’s skyrocketed to become China’s largest cryptocurrency. Its creators have big plans to power a new “smart economy,” where assets are traded in a public ledger and people write “smart contracts” that shift money around when certain conditions are met, a lot like a computer program. “We want to be the place people go to when they want to do serious and reliable transactions,” Da said in a Bloomberg interview earlier this month.