What Robinhood's Crypto Trading Means for Coinbase
There's a new exchange in the crypto game, and it could have the power to shake things up. Users in five states can now trade Bitcoin and Ethereum free of charge on Robinhood. Meanwhile, Coinbase overtime has been considered the go-to place to buy the top cryptocurrencies. Boost VC's Founder and Managing Director Adam Draper explains what he thinks of this emerging cryptocurrency market.
"I actually don't look at them as competitors," says Draper. "Robinhood is coming at it from an asset management side, where Coinbase is coming at it from a crypto platform side. I think the long-term impact of both of these concepts is going to be vastly different from one another."
Draper was an early investor in Coinbase, and his fund is also an investor in the company.
Americans stepped up their spending in December more than expected, closing out the holiday season and the year on an upbeat tone. The Commerce Department said retail sales rose 0.6% in December compared with a November’s 0.3% increase.
Christine Short, VP of Research at Wall Street Horizon, shares insights on small and big banks earnings, a fresh round of layoffs in the tech world, and what to expect from upcoming rate decisions.
More executives are feeling better about the global economy. But a growing number don’t think their companies will survive the coming decade without a major overhaul because of pressure from climate change and technology like artificial intelligence.
The International Olympic Committee has signed the first beer brand in the 40-year history of a sponsorship program that earns billions of dollars for the organization and international sports.
The latest calculations from several science agencies showing Earth obliterated global heat records last year may seem scary. But scientists worry that what’s behind those numbers could be even worse.
Along with the $122 million from delinquent millionaires in October, nearly half a billion dollars in back taxes from rich tax cheats has been collected.
Greg Moran, CEO of Zoomcar, joined Cheddar to talk about the growth of the car-sharing platform, the company's recent debut on the NASDAQ, and its continued work in emerging markets.
