Robinhood’s crypto division recently received a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4. This notice followed an ongoing investigation by the Gary Gensler-led Commission staff into Robinhood’s “cryptocurrency listings, custody of cryptocurrencies, and platform operations” before recommending an enforcement action against the firm. The Chief Legal Officer at Robinhood
Blockchain
The rise of meme coins in the cryptocurrency market has sparked debates among industry experts, with Chris Dixon from Andreessen Horowitz expressing apprehensions about the regulatory framework in the US. Dixon questions why meme coins, primarily used for humorous purposes and stemming from online communities’ in-jokes, are allowed to flourish while legitimate cryptocurrency companies and
Blockchain analytics company Elliptic recently announced a groundbreaking development in the fight against money laundering in Bitcoin transactions. Through a collaboration with researchers from the MIT-IBM Watson AI Lab, Elliptic has successfully leveraged artificial intelligence to detect illicit proceeds and identify new patterns of money laundering activities. By utilizing a deep learning model, researchers were
Block, owned by X co-founder Jack Dorsey, recently announced that they will be investing 10% of profits made from bitcoin-related products into monthly BTC purchases. In his Q1 2024 earnings report, Dorsey emphasized the importance of bitcoin as the best candidate for a decentralized open protocol for money. This move comes as Block addresses concerns
Rep. Maxine Waters has put forth the suggestion that Ms. Kristin Johnson, who currently serves as a Commissioner of the US Commodity Futures Trading Commission (CFTC), be nominated for the position of Assistant Secretary for Financial Institutions at the US Department of Treasury. Waters highlighted Johnson’s expertise in financial regulation and her dedication to maintaining
MicroStrategy recently made headlines during their annual MicroStrategy World conference with the unveiling of “MicroStrategy Orange” – a decentralized identity solution built on Bitcoin. This platform aims to combat online spam by providing an enterprise-grade platform for implementing Decentralized Digital Identifiers (DIDs) across organizations. One of the core services offered is “Orange for Outlook,” which
Crypto prediction website Telegaon has recently made a bold prediction regarding the future price of Cardano (ADA). According to their analysis, Cardano is expected to reach an impressive $45 by the year 2050. This prediction represents a substantial 8,900% price gain from its current level, which is sure to attract the attention of ADA holders
In the fast-paced world of Web3, innovation and creativity are key drivers of success. One of the industry pioneers leading the way is Imaginary Ones, a blockchain-based platform that is reshaping the landscape of art, storytelling, and community engagement. With their recent milestone of 2 million downloads for their mobile game Bubble Rangers, Imaginary Ones
The recent market crash has brought about significant changes in the cryptocurrency space, with Arweave (AR) experiencing an 18.7% drop in its token value. This decline is part of a larger market downtrend that has seen Bitcoin’s price decrease by 7%. The Relative Strength Index (RSI) for AR is currently at 27, indicating oversold conditions.
The recent announcement by Animoca Brands to enter the Bitcoin ecosystem through the Opal Protocol marks a significant step towards revolutionizing the digital landscape. Partnering with Darewise, a metaverse technology platform, Animoca Brands aims to develop the largest Web3 ecosystem that encompasses gaming, entertainment, DeFi, education, and culture. The Opal Protocol, a decentralized ecosystem protocol