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Robinhood Acquires Bitstamp for $200 Million in Strategic Crypto Expansion
Robinhood Markets, Inc. has officially completed its acquisition of Bitstamp, one of the world’s oldest cryptocurrency exchanges, for $200 million in cash. The deal, finalized this week, marks a pivotal moment in the fintech firm's ongoing expansion into digital assets and underscores its ambitions to become a dominant force in the global crypto ecosystem. […]
Crypto markets are coasting along with Bitcoin hovering just above the $112K mark and Ethereum lingering around $4.3K—but beneath that calm, there's an electric buzz. Traders are increasingly betting on the Fed cutting rates soon, and that alone is lifting sentiment—even though everyone’s still a little bated for actual confirmation. Bitcoin: knocking on the $115K […]
Crypto Taxation
As of May 1, 2025, the Internal Revenue Service (IRS) continues to classify cryptocurrencies as property, not securities. This distinction means that the traditional "wash sale" rule, which disallows claiming a tax deduction for a loss on a security sold and repurchased within 30 days, does not currently apply to digital assets like Bitcoin and […]
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