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.
The NASDAQ’s Executive Vice President of Corporate Platforms breaks down why you’ll probably see a lot of companies going public in September and December.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
