Robinhood launches blockchain and expands UK crypto plans
Robinhood launched its Robinhood Chain public mainnet and said it plans to introduce cryptocurrency trading in the UK, expanding its digital asset services.
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Robinhood launched its Robinhood Chain public mainnet and said it plans to introduce cryptocurrency trading in the UK, expanding its digital asset services.
Tennessee has banned cryptocurrency ATMs and Georgia has introduced new operating restrictions, extending a broader US crackdown on crypto kiosks aimed at reducing fraud.
Citigroup lowered its 12-month price targets for Bitcoin (CRYPTO:BTC) to US$82,000 from US$112,000 and Ethereum (CRYPTO:ETH) to US$2,240 from US$3,175.
AllTrails CEO Liz Hamren is joined by Bloomberg's Adam Thompson to discuss how to navigate the summer hiking season and break down how to visit the most popular national parks but still beat the crowds. Hamren said that a key feature to figuring out the right hike is looking at the latest community input on trail difficulty and conditions that can make a big difference in the experience.
Scott Drake, CEO of Chuck E. Cheese, discussed the company's strategy to connect with customers through family-friendly, clean, and safe entertainment options. He highlighted the success of the $99 birthday party offering, introduced in 2004, which has driven nearly 40% growth in birthday celebrations. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
REalloys CEO Lipi Sternheim said that members of the US military could be actively involved in working with his company to mine rare earth minerals after the announcement of a deal to let REalloy mine on US Army bases. Sternheim said that the partnership with the Army shows how 'strategically important' rare earth metals are to the United States.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Greifeld, Bailey Lipschultz, Carol Massar and Tim Stenovec.
Jo Ann Corkran, CEO of Golden Seeds, said that there's been a lot of change in the investment landscape for women entrepreneurs looking for the first buy-in to their companies as Golden Seeds passes $200 million invested in women-led companies. Corkran said that investors are looking for tech companies that could be easily levered, as well as green technology.
Bloomberg's Randall Williams joins Dani Burger and Scarlet Fu on "Bloomberg Deals." The first round of bids for the Super Bowl champion Seattle Seahawks set to be the biggest ever sale for an NFL team were due Monday. Also former Disney CEO Bob Iger and Thrive Capital founder Joshua Kushner have hired investment bankers and discussed making a bid for the NBA expansion team in Las Vegas.
Ted Goldthorpe, founder of BC Partners Credit, joins Dani Burger and Scarlet Fu on "Bloomberg Deals." They discuss potential consolidation among dealmaking firms, dry powder and the business of sports.
Bending Spoons SpA shares rose 14% above their initial public offering price after the company and some of its backers raised $1.68 billion. Shares of the Milan, Italy-based company, which acquires struggling software businesses, opened on Wednesday at $31 each, above the IPO price of $29 per share, before climbing as high as $33.14. The firm and investors including Baillie Gifford sold 57.97 million shares after marketing them for $26 to $28. Luca Ferrari, CEO, Bending Spoons joined Bailey Lipschultz, Carol Massar and Tim Stenovec from to discuss their first day of trading.
Andrew Calder, executive committee member at Kirkland & Ellis, and George Bilicic, managing director and global head of power, energy & infrastructure at Lazard, join Dani Burger and David Carnevali on "Bloomberg Deals."
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