Robinhood is earmarking 20% to 35% of its own IPO shares for customers. Why smaller investors should proceed with caution
The amount being allocated is part of Robinhood’s push to help smaller investors access initial public offerings.
By CNN*
China’s government crypto readies huge November launch to steal Libra’s thunder
Closed societies may start to take the lead in crypto development. According to Forbes, China has developed a state-backed cryptocurrency known as DC/EP (digital currency/electronic payments) that could be unveiled in November. The responsibility of distributing the cryptocurrency will fall on some of China’s biggest banks. The launch could be scheduled for November 11, the Chinese equivalent of Black Friday.
Facebook Unexpectedly Plants Its Flag in Crypto-Friendly Switzerland
Facebook has reportedly set up a fintech company dubbed Libra Networks in Switzerland. According to Reuters, the focus of the fintech is on the blockchain, payments, data analytics, and investing … The Switzerland move was done with no fanfare such as company press releases or blog posts. This seems to be the way Facebook has chosen to roll out its Project Libra. It’s keeping close to the chest even where the project will be launched...
