How Fintech Startup Robinhood Makes Money (video)

How Robinhood Makes Money

Robinhood is an investing app valued at over $5 billion, that says it's trying to "democratize America's financial system" by making investing accessible to the little guy with free trades--Invest for Free--"Invest in stocks, ETFs, options, and cryptocurrencies, all commission-free, right from your phone or desktop." It's an eye-popping valuation for a financial company with opaque metrics and plenty of competition. The young company had its share of missteps as well, prompting questions of whether or not it can handle primetime. Robinhood has faced criticism for business practices that allow it to offer free trading. It also botched the rollout of a checking and savings account feature in late 2018, garnering concern from regulators. But the company's incredible growth and popularity with younger investors – more than 6 million users by the end of 2018 – means it could be a major player in banking moving forward. CNBC video above published Jan 16, 2019.

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Michael Novogratz Focuses Merchant Bank on Cryptocurrencies (video)

Novogratz Focuses Merchant Bank on Cryptocurrencies

Michael Novogratz is starting a merchant bank dedicated to cryptocurrencies and blockchain-based ventures. Bloomberg's Erik Schatzker has the details via "Bloomberg Daybreak: Americas." Bloomberg.com video published Jan 9, 2018

See also: Bitcoin, ethereum and ripple make comeback after crypto sell-off | cnbc.com Jan 18, 2018.

Novogratz is the CEO of Galaxy Investment Partners, a cryptocurrency investment firm. Originally scheduled to start his Galaxy Digital Assets Fund on December 15, 2017, he delayed plans because he "didn't like market conditions."

Crypto market cap is over 1 tr if you count all coins as well as value of the companies in the space. 2018 is gonna be a wild ride.

— Michael Novogratz (@novogratz) December 30, 2017

total $XRP now worth $380 bn.... makes Ripple labs worth $225bn.. tenth largest company by market cap in the world... makes Chris Larsen worth $55bn tying Mark Zuckerburg as 5th richest man in the world.....

— Michael Novogratz (@novogratz) January 4, 2018

At one Point in the 1989 Japanese real estate bubble, the Imperial Palace in Japan was said to be worth more than the entire state of California,, things that don't make sense don't last....be careful out there

— Michael Novogratz (@novogratz) January 4, 2018

To be clear, we delayed launching a hedge fund with outside investors capital last week because we didn’t like market conditions for new investors. In no way does it mean we are less bullish the crypto markets.

— Michael Novogratz (@novogratz) December 22, 2017

Galaxy is building out a full fledged crypto merchant bank. I have over 30 percent of my net worth in crypto assets. We have venture bets, ICOs, tokens, investments in funds, mining and advisory. We also trade very actively. We are making a large long term bet on crypto.

— Michael Novogratz (@novogratz) December 22, 2017

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Digital China: China’s Plans for Cyberspace & the Digital Economy (video)

Digital China: What Are China’s Leaders & Scholars Saying About Their Plans for Cyberspace?

LIVE Webcast, Oct 17, 2017, 1:00 pm - 2:30 pm ET (US), from New America, Washington, D.C.

LIVE Video Tuesday:

• 10-11:30am ET: Old Laws and New Technology: How Can We Keep Up? 
• 1-2:30pm ET: Digital China: China’s Plans for Cyberspace & the Digital Economy

As China launches its 19th Party Congress, its plans to shape cyberspace are becoming ever clearer. Through the publications of government and Party officials, we are increasingly getting insights into Chinese plans for the digital economy. Often however that information is only available to Chinese-speakers. Therefore, through New America, a group of China cyber experts have launched a new effort to translate and analyze key Chinese documents and make them available to a wider audience.

At this event they will offer their insights on China’s plans for the digital economy, including cybersecurity, artificial intelligence, cryptocurrencies, internet governance, and much more. What have Chinese officials already told the world? What goals has Beijing already achieved? Where has China run into challenges? What new initiatives should we expect from the 19th Party Congress, the 4th World Internet Conference, and beyond? What does this mean for the United States?

Follow the conversation online with #DigiChina and @NewAmCyber.

Participants:

John Costello, @CostelloJK
Cybersecurity Fellow, New America

Samm Sacks, @SammSacks
Senior Fellow in the Technology Policy Program at Center for Strategic & International Studies

Paul Triolo, @pstAsiatech
Geo-technology Practice Head, Eurasia Group

Graham Webster, @gwbstr
Lecturer and Senior Fellow at Paul Tsai China Center at Yale Law School

Moderator:
Ian Wallace, @pianwallace
Co-Director of the Cybersecurity Initiative, New America & Senior Fellow, International Security Program
#digichina Tweets
See also:

• China’s Communist party congress: 3 investment themes to watch | ft.com
• "... 19th Party Congress, the political event that will determine the country’s leadership lineup and policy priorities for the next five years ..."--"China's Big Reshuffle": A Preview Of The Year's Biggest Political Event, China's 19th Party Congress | ZeroHedge.com

New America (newamerica.org) is "dedicated to the renewal of American politics, prosperity, and purpose in the digital age through big ideas, technological innovation, next generation politics, and creative engagement with broad audiences."

3/4 @NewAmCyber Super Cyber Tuesday Event 2: DigitalChina w/@gwbstr @pstAsiatech @CostelloJK @SammSacks #dccyberweek https://t.co/nzFgnB2H8v

— New America Cyber (@NewAmCyber) October 16, 2017

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