Robinhood, the popular mobile app, has just introduced Robinhood Crypto. The app is a stock trading app that allow users to buy and sell stock online without transaction fees. The company has now decided to allow users to also invest in Bitcoin and other cryptocurrencies, commission-free.
Speaking at the World Economic Forum in Davos, Theresa May expressed the need for closer inspection into digital currency markets, saying: “Cryptocurrencies like Bitcoin, we should be looking at these very seriously, precisely because of the way that they can be used, particularly by criminals.”
Bitcoin took heat at the World Economic Forum. The non-profit organization whose mission is to “improve the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas” had its annual meeting at Davos this week.
Between 2013 and 2015, fewer than 900 people a year reported Bitcoin transactions on their tax forms. The U.S. Government sees Bitcoin as property, not a currency. When you purchase an item with Bitcoin, you are technically selling property for a cash value and using the money from the sale...
Hackers have started targeting App stores, such as Apple and Google Play as a way to steal cryptocurrency. Bitcoin has a security model that makes it difficult for hackers to target users directly. Consequently, cyber criminals have sought out new ways to acquire the cryptocurrency illegally.