Robinhood (NASDAQ:HOOD) Expands BTC, ETH and SOL Trading to EU
Commission-free brokerage Robinhood recently announced on its blog that it is launching the Robinhood Crypto app for all eligible customers in the European Union (EU). They will now be able to trade Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), in addition to the more than 25 digital currencies it currently supports. Robinhood Crypto’s GM Johann Kerbrat stated that the launch of crypto trading in the EU is one of the company’s approaches to truly democratize finance. For this reason, Robinhood is excited to expand crypto trading to customers across the EU, allowing them to buy and sell their crypto tokens safely and securely.
Terra’s Do Kwon Faces Extradition Nightmare
As recently reported by the Wall Street Journal, Do Kwon, the infamous founder of Terraform Labs, will be extradited to the United States under plans announced by Andrej Milovic, Montenegro’s Minister of Justice. The decision comes amid an international dispute over Kwon’s custody, with both the U.S. and South Korea fighting for his extradition. Kwon is charged in the U.S. with fraud and securities law violations in connection with the $40 billion collapse of his cryptocurrencies, TerraUSD and Luna, in May 2022. A Montenegrin court approved Kwon’s extradition last month, leaving the final decision to Minister Milovic.
Ripple’s stablecoin project in Palau moves forward with first phase
Jay Hunter Anson, Program Director and Palau Stablecoin (PSC) Distribution Officer for the Palau Stablecoin Pilot Project, recently spoke with X about the first phase of the Palau Stablecoin Pilot Project. The project was launched by Ripple and the Republic of Palau in July this year, after both began working together to explore potential use cases in 2021. According to the report, the first phase of the Palau Stablecoin Program was a success with both volunteers and merchants, with both responding positively to the value proposition of the Palau Stablecoin (PSC) as a digital payment system. The majority of participants indicated that they would support the use of the PSC if the government of Palau approves a national rollout.
