Robinhood Investing App to Add Bitcoin and Other Cryptocurrencies

A trading app popular with millennials, is making a big move into crypto. Starting in February, Robinhood will let customers buy bitcoin, Ripple, and 15 other cryptocurrencies using the same streamlined, no-commission approach it offers for stocks. The move is significant for cryptocurrency markets because Robinhood has 3 million users with a median age of 26, a demographic considered to be especially enthusiastic about bitcoin and other types of digital money. In announcing the news on Thursday, Robinhood said users will be immediately be able to track market data for…

Read More

50 Cent now worth $8m

50 Cent has discovered that he is a Bitcoin millionaire, thanks to some long-forgotten album sales. In 2014, he released the album Animal Ambition and became the first artist to accept Bitcoin as payment. The rapper received more than 700 Bitcoins under the deal, but then forgot about the cryptocurrency, according to celebrity newsite TMZ. The hoard is worth $7-$8m, although the currency’s price volatility means that could change fast. In 2014, one Bitcoin was equivalent to about $662, but was worth about $11,200 on Thursday according to Coindesk. “Not…

Read More