Apple called its employees back to the office as the company’s three-day-per-week hybrid schedule finally began in early September. Many tech companies have eased up on requiring office work, making Apple somewhat of an outlier when it comes to RTO. Shiba Inu and three other tokens – Solana’s SOL, Polygon’s Matic and Compound’s COMP – were all listed for the first time on Robinhood’s platform.
Despite Shiba Inu being listed on Robinhood, the price failed to break the key resistance. Shiba Inu was launched in August 2020 as an alternative to Dogecoin, which had seen a stunning rise on the back of support from some billionaire entrepreneurs, including Tesla CEO Elon Musk. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com.
Don’t count on Robinhood’s listing of Shiba Inu to provide long-term gains.
Shiba Inu soared last week after Robinhood announced support for the digital token. According to Figma’s announcement, the deal has been in the works for several months. Bloomberg reported the deal may be for more than $15 billion. “The productivity tools of the future will be web-based, multi-player, and infused with a new generation of capabilities,” Adobe chief business officer David Wadhwani wrote in his announcement. ByteDance is clearly positioning the Pico 4 as a competitor to Meta’s VR hardware and has made efforts in recent months to reposition Pico from a company primarily focused on enterprise VR to a mass-market consumer hardware maker. This has included striking content deals and building out an internal studio organization focused on VR games and experiences.
Shiba, which trades at a fraction of one US cent, was the biggest gainer of the four. Shib coin previously joined both Coinbase and Public, a retail trading app that rivals Robinhood. The Robinhood addition was deemed a final piece of the puzzle for the cryptocurrency coin. “We’re excited to add crypto bot trading telegram buy bitcoin binance exchange more choices for our customers as we work to make Robinhood the best place to invest in crypto,” said Steve Quirk, Chief Brokerage Officer at Robinhood, in a blog. After six months of aggressive lobbying by its members, Robinhood has finally listed the Shiba Inu cryptocurrency for trading.
- Wall Street analysts cited the potential ban as a major headwind for Robinhood, which has already taken hits from the broad market downturn.
- The launch of the meme coin Thursday was part of a larger expansion of the trading app’s crypto offerings.
- Shiba inu coin actually surpassed dogecoin late last year, rising to become the ninth-largest cryptocurrency, before slipping back to the No. 15 spot.
- This article is intended to be used and must be used for informational purposes only.
As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Robinhood, a popular stock and cryptocurrency trading app, has quietly added support for several more digital assets, including meme coin Shiba Inu and Solana . Ever since Robinhood began offering crypto trading in 2018, customers had been clamoring for the opportunity to buy and sell more tokens. SHIB was a focus of investor interest in particular, as it is perceived as a complementary token to Dogecoin, which became one of Robinhood’s most traded assets when it was added in the summer of 2018.
Is there any reason for Shiba Inu to be the one to surge higher? There is a bullish case to be made for Shiba Inu; I’m just pointing out that Tuesday’s pop is more based on hype than on the sustainable merits accorded to a crypto that’s been added to Robinhood. You might also want to check in on the uninspiring returns from some of the seven cryptocurrencies that have been trading on the platform for longer. The judges argued in their Friday ruling, however, that Texas law regulated the platforms’ conduct, not their views. The decision also asserts that Twitter is a “monopolist,” and argued social media firms are more like phone companies, which must allow all customers. Robinhood announced the addition of four cryptocurrencies to the trading app Tuesday, including compound, polygon and solana.
Time will tell is the Robinhood listing of Shiba Inu can act as a catalyst to get Shiba Inu back to all-time highs. And for an update on the petition to add Shiba Inu to Robinhood, it now has over 5.6 million signatures. Sign up for bitcoin pro south africa Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. However, each of these tokens has struggled in 2022, with SHIB leading the pack with a year-to-date loss of only 17%.
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Every investment and trading move involves risk, you should conduct your own research when making a decision. The analytics platform noted the address holding SHIB for more than a year increased their balance in the past 30 days. As a result, these “hodlers” now has control over 2.82% of the net SHIB supply in circulation.
He added that the assets are available to buy and sell now on the Robinhood app, but deposits and withdrawals for them won’t be available immediately. If being added to Robinhood’s select number of crypto choices is so praiseworthy, shouldn’t all of the digital currencies added to Robinhood experience the same pop? In the same 12 hours of Shiba Inu’s 17% ascent, two of the three other cryptocurrencies rose less than 4%.
- Robinhood has previously registered a positive user interaction with another meme coin, Dogecoin.
- Investors have found other ways to invest in the memecoin, though, likely making it inevitable that Robinhood would begin trading.
- Changes to the 45Q tax credit as part of the Inflation Reduction Act, in particular, have made capturing carbon more appealing.
- There are other catalysts on the way that combined could allow Shiba Inu to generate monster returns this year.
A large number of them last year even launched a petition on Change.org that saw more than 550,000 signatories in favour of the move. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Robinhood Be Sitting Here Secretly Buying Shiba Inu Coin
The device, which may be branded either Pico 4 or Pico Phoenix, will come in two configurations, with a Pro version offering face- and eye-tracking functionality. It will run Android Q and is being powered by a Qualcomm processor, according to an FCC filing first reported by Protocol. As part of its open meetings series, the FTC voted unanimously to make public a staff report on the concerns, which includes examples of what are often called dark patterns. Point source carbon capture will also be crucial for industries like cement, which is responsible for 8% of global carbon emissions. Wiping them out from the manufacturing process will be extremely challenging, making carbon capture a near necessity for the industry.
- The subway system already has about 10,000 cameras, but until now, their reach has been contained to the platform and mezzanine.
- Carbon removal has an essential role to play in a net zero world, though how much it’s needed depends on how fast we cut emissions starting now and into the coming decades.
- This story was updated with Uber’s blog post on some of the details behind the breach.
- Robinhood reported transactions-based crypto revenue of $233 million in the second quarter, followed by $51 million in the third and $48 million in the fourth quarter.
- Yet for all the talk about Google’s three-day-a-week RTO policy, two workers who spoke to Protocol anonymously say it’s not much of a mandate.
It was launched as an alternative to Dogecoin in August 2020 by an anonymous person or group under the name Ryoshi. According to its founders, it was created as an experiment in decentralized spontaneous community building. Shiba Inu is an Ethereum-based (ERC-20) token that is hosted on the Ethereum cryptocurrency exchange archives blockchain. MATIC is the native token of Polygon , a decentralized Proof-of-Stake blockchain, which operates as a sidechain to Ethereum and benefits from its security. Polygon claims to be able to process up to 65,000 transactions per second with network fees of a fraction of a cent.
The storylines for Dogecoin and Shiba Inu leading up to their respective listings on Robinhood are quite similar. Dogecoin had skyrocketed 3,700% in the year before its inclusion on the trading platform. Instagram users reportedly spend one-tenth the amount of time on Reels compared to the time TikTok users spend on the platform, The Wall Street Journal reported earlier this week based on internal Meta documents. Regardless, one need not look further than Instagram’s recent redesign to know the future of social looks a lot more like TikTok. So while Meta executives may have enjoyed the time away from the spotlight on Wednesday, perhaps they’ll eventually come to reminisce about those Senate grilling sessions. Figma has been steadily eating away at Adobe’s user base since its inception in 2012.
“If you think Big Brother is watching you on the subways, you are absolutely right, that is our intent,” she added. Privacy groups are outraged at New York’s plan to install cameras in all subway cars in a bid to stop crime. The new Node product provides APIs for developers to connect to the Ethereum blockchain, the most popular system for smart contracts.
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Shiba Inu, after having had a rough couples of weeks, rose in value again after Robinhood added the meme coin on its crypto listing. The US-based stocks and crypto trading app listed SHIB along with three new cryptocurrencies — Compound , Polygon , and Solana . Within hours of this development, the SHIB token rose in value by up to 35 percent on crypto exchanges.
We have a better sense of the nature of pro-Western online influence operations thanks to an August 2022 report from Graphika and the Stanford Internet Observatory. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at We have a rigorous framework in place to help us evaluate assets for listing, and we remain committed to providing a safe and educational crypto platform,” Steve Quirk, Chief Brokerage Officer at Robinhood said in a statement. Supporters of shiba inu are ecstatic to see that SHIB is now live on the Robinhood app.
Compound is an algorithmic, autonomous interest rate protocol built for developers to create open financial applications. It was created in 2017 by entrepreneurs Robert Leshner and Geoffrey Hayes. Shiba Inu is an Ethereum-based token that was launched in August 2020. SHIB was made by an anonymous creator ‘Ryoshi’ in August 2020, and was marketed as a Dogecoin killer.