Shares of Robinhood Markets Inc. rocketed Friday, to extend their bounce off a recent record low, after the trading app disclosed a large active investment by Sam Bankman-Fried, who founded and runs the cryptocurrency exchange FTX Trading. The stock HOOD, +24.88% shot up 23.3% in … Read More

One of the biggest names in crypto is bullish on the future of Robinhood Markets. That makes sense. But others might think twice before settling down in Sherwood forest. The disclosure on Thursday that Sam Bankman-Fried, the 30-year-old billionaire who founded the cryptocurrency exchange FTX, … Read More

““We have no risk of bankruptcy.”” That’s from Brian Armstrong, chief executive and co-founder of cryptocurrency exchange platform Coinbase COIN, -26.40%. In a series of tweets Tuesday afternoon, Armstrong addressed a recent Coinbase 10-Q document filing with the Securities and Exchange Commission that used language detailing risk … Read More

A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value. TerraUSD traded as low as 23 cents Wednesday, according to data from CoinDesk. As of 2:43 p.m. ET, … Read More

The biggest cryptocurrency exchange in the U.S. said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about risky assets. Coinbase Global Inc. said Tuesday that it lost hundreds of millions of dollars in the first quarter, sending the stock … Read More

Elon Musk has assembled a group of investors including a Saudi prince, Larry Ellison and a bitcoin exchange to pony up more than $7 billion to back his bid to buy Twitter Inc. Tesla Inc.’s chief executive has received letters committing about $7.14 billion from … Read More

Several European stock markets suffered a “flash crash” on Monday morning following sell orders by Citigroup Inc., C 1.07% according to people familiar with the matter. Trading was halted momentarily in several markets after major stock indexes plunged for a few minutes just before 10 … Read More