Bitcoin News Official TheBitTimes.com

Robinhood , a notable trading platform, is now the third-largest Bitcoin holder, with more than $3 billion worth of BTC in one single wallet. Indeed, Arkham Intelligence data now displays the platform as only behind Binance and Bitfiniex in terms of holdings. Those exchanges maintain $6.4 million and $4.3 billion worth of BTC, respectively.  The data from Arkham notes that the single wallet had notably increased its holdings over the last several months. Subsequently, the wallet is connected to the trading platform, making Robinhood a unique company as one of the largest holders of this prominent asset.  Source: Pixabay Also Read: Robinhood Now Holds 20 Trillion Shiba Inu (SHIB) Robinhood is the third largest Bitcoin Holder Behind Only Binance and Bitfinex. Over the last three months, investment and trading platform Robinhood has seemingly been focused on accumulating the most prominent digital asset. Moreover, in that timeframe, they have grown to become one of ...

Robinhood launched its Web3 wallet beta on September 27, 2022. The American financial giant initially expressed interest in cryptocurrencies in 2022, with a few announcements depicting it in May. The beta wallet was launched with support for Polygon for the first 10,000 iOS users who signed up for the waitlist. Now, according to the details from an official blog post, Robinhood has launched a cryptocurrency wallet for iOS users globally. Also read: Shiba Inu Burn Rate Hits Zero – What Does This Mean for Future of SHIB Burn? Source: Robinhood Robinhood’s wallet launch comes amidst scrutiny from the SEC The financial giant had recently received a subpoena for investigation from the SEC for its cryptocurrency listings, custody, digital asset business, and operations. It mentioned that the subpoena was received in December. Despite all of that, Robinhood rolled out its iOS wallet. “ Robinhood Wallet now supports both the Polygon and Ethereum networks and is ava...

Robinhood ’s Twitter account was compromised earlier when hackers took over the account to promote a Scam token. The hacker tried to incentivize the 1.1 million followers of the Robinhood app to invest an in unverified token project with the community. The now-deleted tweet was promoting the launch of a new scam token called RBH. The hackers sent out the time for the users to buy the token and also mentioned the start price as $0.0005. Robinhood presumably hacked pic.twitter.com/UgRD3UCbo9 — db (@tier10k) January 25, 2023 Binance’s CZ speaks about the hack Since the news of the Robinhood Twitter account hack surfaced, it has come to CZ’s attention. On-chain sleuth ZachXBT also tweeted that the scam was funded via Binance. The hacker, in a short period of time, managed to make $7,500 before the tweet was taken down. Looks like Robinhood account got hacked and was promoting a coin on BNB Chain. Always have critical thinking even is the a...