Robinhood's second-quarter cryptocurrency business revenue increased by 7% to $58 million

[Robinhood's revenue from cryptocurrency business in the second quarter increased by 7% to $58 million from the previous quarter] Golden Finance News, US stock broker Robinhood's second-quarter revenue increased by 6% to $318 million; the net loss was $295 million, the previous The quarterly loss was $392 million. In the second quarter, transaction-based revenue fell 7% quarter-on-quarter to $202 million; among them, the cryptocurrency business increased 7% quarter-on-quarter to $58 million.

Other news:

Former Robinhood employees launch remittance fintech platform Atlantic Money: Jinse Finance reported that ex-Robinhood employees launched remittance fintech platform Atlantic Money. Atlantic Money is a remittance fintech company founded by ex-Robinhood employees Neeraj Baid and Patrick Kavanagh. Second generation challenger to PayPal and Revolut. (The Block)[2022/3/9 13:47:02]

BBC: Metaverse platform Roblox has a banned game, which has been forcibly taken off the shelves: Jinse Finance reported that according to the BBC, the metaverse platform Roblox has a banned game "condos", in which players can talk about prohibited topics, and avatar characters can also do some prohibited behavior. It is reported that this game only lasts for a short period of time, usually less than 30 minutes, before being reported or discovered and taken off the shelves. Roblox has stated that they will use manual and automated systems to maintain platform rules at any time. Once violations are found, immediately off the shelf. However, Roblox also admits that a very small number of players deliberately violate the rules. The company said: "We use human and machine together to detect violations, and every image, video and sound file uploaded to the Roblox platform will undergo security checks."

This comes after Facebook's parent company Meta rolled out a new "personal boundary" feature in its virtual reality "Horizon Venues" game, which prevents player characters from getting close to other player avatars. Roblox stated: "Any sexual content-ethexc and behaviors are not allowed on our game platform, and we will take swift action against anyone who violates the regulations." [2022/2/17 9:57:16]

Robinhood is cooperating with investigations by multiple U.S. regulators and intends to pay FINRA a fine of $26.6 million: March 1 news, stock and encryption trading platform Robinhood announced on Friday that U.S. regulators are preparing to investigate its investigation into companies such as GameStop (GME) Stock trading restrictions. The company said in a filing with the U.S. SEC that it is cooperating with investigations by several regulators, including the SEC, the Financial Industry Regulatory Authority (FINRA) and the New York Attorney General's Office. In the SEC filing, Robinhood also said it was prepared to pay FINRA at least $26.6 million in a potential settlement — not for the GameStop trading restrictions, but for the March 2020 trading disruption, and around its options trading policies approval and presentation.

According to previous news, Robinhood plans to submit an IPO application as soon as March. The company has held talks with underwriters over the past week about filing within weeks, the people said. No final decision has been made and timing may change. A Robinhood spokesman declined to comment. (Decrypt) [2021/3/1 18:02:52]