Cryptopia to Support Deposits and Wthdrawals Again

“Hot” wallets will be replenished manually from Monday to Friday between 09:00 and 17:00 New Zealand time
16 April 2019   648

Affected by the actions of hackers in mid-January, New Zealand Crypto Exchange Cryptopia opened up the possibility of depositing and withdrawing Bitcoin, Litecoin and Dogecoin.

As stated in the company, “hot” wallets will be replenished manually from Monday to Friday between 09:00 and 17:00 New Zealand time. Withdrawals will be unavailable at other times or on local national holidays.

According to some reports, the damage from a hacker attack on Cryptopia could have amounted to $ 16 million, and the exchange itself said that in the worst scenario, it lost a maximum of 10% of all its funds.

Robinhood to Raise $323M During Financial Round

So, the company's capitalization reached $ 7.6 billion
23 July 2019   76

The operator of the mobile application for trading stocks and cryptocurrency Robinhood company Robinhood Markets Inc. announced the closure of a round of financing for the E-Series, which resulted in an impressive $ 323 million. The company's capitalization reached $ 7.6 billion.

The financing round was led by investment company DST Global, and Ribbit Capital, NEA, Sequoia and Thrive Capital also contributed.

The company intends to direct the raised funds to business expansion and the creation of new financial services, calling this process "democratization of finance for all."

Recall that the ability to trade cryptocurrencies through the Robinhood app was first implemented in February 2018. Today, the company supports leading assets such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin and Ethereum Classic.

In January of this year, Robinhood received BitLicense - a license to work with virtual currencies from the Financial Services Authority of New York (NYDFS), and the official launch of the application in the state took place on May 23.

It is noteworthy that in 2017 Robinhood was estimated at only $ 1.3 billion. The introduction of cryptocurrency, however, accelerated the growth of the user base and fueled interest from venture investors. So, last year, the Robinhood managed to attract $ 363 million, with which the company's capitalization was $ 5.6 billion.