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European Central Bank: As of last week, the European Central Bank held €1.43 trillion in bonds under the Pandemic Emergency Purchase Programme (PEPP).European Central Bank: Foreign exchange reserves decreased by 600 million euros to 329.4 billion euros.On December 30th, the first plenary meeting of the 8th Risk Management Professional Committee of the Securities Association of China was held in Beijing. The committee members unanimously agreed that they should closely follow the strategic deployment of the financial sector in the "15th Five-Year Plan," earnestly carry out various tasks related to risk prevention, strengthening supervision, and promoting high-quality development, and continuously improve the self-regulatory rules system. They should steadily promote the revision of risk management systems in light of new trends and changes in market and industry development, establishing a comprehensive, clearly structured, and efficient self-regulatory rules system; strengthen risk prevention and control in key areas; focus on areas with frequent industry risks, identify difficulties in risk management, summarize and promote advanced experiences, and promote the overall improvement of the industrys risk management capabilities. Going forward, the Association will further leverage the committees functions to promote the continuous improvement of the industrys comprehensive risk management system, guide securities companies to transform towards proactive risk control, improve the industrys risk management level, and contribute to the high-quality development of the securities industry and capital market during the "15th Five-Year Plan" period.On December 30th, Youbang Ceiling announced that its shares will resume trading on December 31st, 2025. The companys actual controllers, Luo Lianqin and Shi Shenxiang, are planning a change of control, which may result in a change of the companys controlling shareholder and actual controller. During the trading suspension, all relevant parties actively promoted the transaction, but as the overall plan is still under negotiation, the parties have not yet signed a formal agreement. On December 30, 2025, shareholders Shi Shenxiang, Luo Lianqin, and Shanghai Changsheng Technology signed a Share Transfer Agreement with Shanghai Mingsheng Lianhe Intelligent Technology. The agreement stipulated that Luo Lianqin would transfer 10,610,100 shares (8.20% of total share capital) to Mingsheng Intelligent; 11,650,300 shares (9.00% of total share capital) to Shi Qiming; 7,760,400 shares (5.99% of total share capital) to Wuhan Mingshuwan; and Changsheng Technology would transfer 8,800,600 shares (6.80% of total share capital) to Mingsheng Intelligent. Following this share transfer, Mingsheng Intelligent intends to issue a tender offer to all shareholders other than the transferees for 19,430,100 shares (15.01% of total share capital).U.S. Redbook retail sales annualized for the week ending December 27 were 7.6%, compared to 7.2% previously.

Robinhood To Buy London Based Crypto App as Part of Europe Expansion

Cory Russell

Apr 21, 2022 09:49


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The London-based fintech startup Ziglu is scheduled to be purchased by Robinhood.


Robinhood will grow into the United Kingdom and Europe thanks to Ziglu's crypto capabilities.

After listing Shiba Inu, Solana, and other assets on its platform, Robinhood has made its second significant announcement.


Robinhood sprang to popularity after the GameStop fiasco, but it has since made a reputation for itself in the cryptocurrency area with its cryptocurrency exchange Robinhood Crypto.


As a result, the corporation is now concentrating on merely capitalizing on the current momentum with its actions.

Robinhood Comes to the UK

According to CNBC, Robinhood completed the acquisition of Ziglu, a fintech company located in London that offers crypto trading services for Bitcoin and other cryptocurrencies, yesterday.


This agreement will be critical to Robinhood's efforts to extend its footprint in the United Kingdom and Europe, which the company has been eyeing for some time.


Robinhood was planning to take over these regions two years ago, but had to abandon its ambitions due to a lack of funding, claiming the need to focus on its domestic business rather than growing internationally.


This transaction will be very beneficial to the platform, which has seen a continuous fall in monthly active users in the fourth quarter of 2021, losing over 1.3 million members in only three months.


"Together with the Ziglu team, we'll seek to use the best of both businesses, finding new ways to innovate and break down barriers for clients throughout the UK and Europe," stated Vlad Tenev, CEO of Robinhood, in response to the loss of market share and the possibilities of the new arrangement.

Robinhood's Crypto Attempts

Robinhood's announcement of integrating Shiba Inu, Solana, Compound, and Polygon's tokens to Robinhood Crypto. Ziglu's acquisition is the second most major move made by Robinhood this month.


A few days later, CEO Tenev was quoted as declaring that Dogecoin may become the "Currency of the Internet," claiming that the coin's inflation rate is much lower than that of the USD (Dollar), and that it can attain that position by cutting costs and boosting the number of transactions per second.


As a result, it seems that Robinhood will continue to grow until it becomes a key crypto market participant on a global scale.

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