Robinhood Reaches 25th State, Fake Adobe #Crypto
, the stocks, options and crypto brokerage app, has reached its 25th U.S. state. This means its free trading app is now available across half of #America
. The Menlo Park-headquartered company announced this week that it has expanded its services to Ohio.
With this latest expansion, Robinhood Crypto is now available in Ohio, Rhode Island, Tennessee, Arkansas, Alaska, Oklahoma, #Arizona
, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia, and Wisconsin. The app features support for BTC, ETH, BCH, LTC, DOGE and ETC.
Coinbase Ditches Crypto Index Fund
Coinbase, the popular US exchange, is ditching its crypto index fund that was designed to attract big investors in the field. The Coinbase Index Fund is a private fund that seeks to track overall performance of the cryptocurrencies listed on Coinbase’s exchange, GDAX. The minimum investment amount for the fund is $250,000 and the maximum is $20 million, with an annual management fee of 2%. The San Francisco-based company first unveiled the fund on March 6 and the service was opened to investments on June 12, with Reuben Bramanathan, Product Lead of Coinbase Asset Management, claiming: “We’ve seen overwhelming interest from investors since we announced the fund earlier this year.” Now it appears that this overwhelming interest failed to materialize into actual clients, resulting in the service’s discontinuation.
The company is said to be shifting its attention to a new retail offering, Coinbase Bundle, a recently launched basket of cryptocurrencies investors will be able to acquire for as little as $25, as we detailed briefly in yesterday’s episode of The Daily.
Crypto Mining Adobe Flash Malware
Hackers are using fake Adobe Flash updates to install malware on victims’ computers and hijack them to mine cryptocurrencies like monero (XMR), researchers from cyber security firm Palo Alto Networks Inc. have discovered. #bitcoininfo #bitcoinnews