Cryptocurrency news: Ethereum soars on final test merge amid a general rebound. Meanwhile, Coinbase is under investigation by the SEC.
Robinhood customers who complained about the brokerage's repeated outages in 2020 will finally receive compensation for not being able to buy or sell stocks on several trading days when the market rallied. The brokerage, which has paid a number of fines to regulators in recent months, agreed to pay its customers $9.9 million in a settlement, according to documents filed with the U.S. District Court for the Northern District of California on Aug. 5. The trading app which has been slashing jobs, will pay around 150,000 Robinhood users who complained about several outages in March 2020 during the stock market's historical rally.
Investing in Bitcoin (BTCUSD) can seem complicated, but trading Bitcoin only requires an account at a service or an exchange, and safe storage practices are recommended. Bitcoin investors need a cryptocurrency exchange account, personal identification documents if you are using a Know Your Client (KYC) platform, a secure connection to the Internet, a method of payment, and a personal wallet outside of the exchange account. Valid methods of bitcoin payment include bank accounts, debit cards, and credit cards and it's possible to get bitcoin at specialized ATMs and via P2P exchanges.