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Robinhood stock app sends 'cease and desist' to crypto upstart

Actor Jamie Foxx this week tweeted his support support of an initial coin offering for Cobinhood, which says it is launching a zero-fee trading exchange and cryptocurrency service platform. But the startup — which declined to say if Foxx was compensated, when asked by Axios — could be facing a big problem.

Robinhood, a zero-fee stock trading exchange recently valued at $1.3 billion by venture capitalists like Google Ventures, is upset about what it feels is misappropriation by the upstart (including a very similar color scheme).