Robinhood’s cryptocurrency division recently settled a California investigation by agreeing to pay a $3.9 million fine. The investigation, led by California Attorney General Rob Bonta, revealed that Robinhood Crypto prevented users from withdrawing their digital assets between 2018 and 2022. Additionally, the company failed to fully disclose details about its trading and order-handling processes, misleading
business
X Empire has taken the world of gaming by storm with its innovative approach to tap-to-earn crypto games. By combining virtual mining with the allure of cryptocurrency, X Empire has captured the attention of players looking to explore new opportunities in the blockchain space. At the core of X Empire’s gameplay lies the concept of
The US Securities and Exchange Commission (SEC) recently charged and settled with hedge fund Galois Capital Management LLC over a private fund that was primarily investing in cryptocurrencies. The charges were related to Galois Capital’s alleged failure to comply with client asset safeguarding requirements, particularly with regards to crypto assets that were considered securities by
The U.S. Securities and Exchange Commission recently imposed charges against Galois Capital, a crypto-focused advisory firm that held client assets at FTX. As a result of their actions, Galois has agreed to pay a civil penalty of $225,000, which will be distributed to affected investors. The SEC found that Galois failed to ensure that the
OKX SG, the Singaporean entity of the crypto exchange OKX, made a significant move by obtaining a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore as it allows businesses to operate without daily or monthly transaction limits. Companies seeking this license must meet specific
In the past five decades, the payments industry has seen significant growth and has become one of the largest sectors globally. However, one major issue remains – the industry still relies on outdated technology that is becoming more inefficient over time. A recent report from Binance Research sheds light on the potential benefits of blockchains,
The much-anticipated 2024 bitcoin bull run has not lived up to expectations, despite the asset reaching a new all-time high earlier in the year. The initial excitement stemmed from the greenlighting of spot BTC ETFs in the US in January, with hopes of a spectacular rally to the $100,000 mark after the halving. However, the
The crypto industry has been experiencing a significant shift away from the UK in recent years, with many firms attributing this move to burdensome regulatory processes. According to a report by the Financial Times, registrations for crypto asset exchanges and custodian wallet providers with the UK’s Financial Conduct Authority (FCA) have dropped by more than
The Nigerian Securities and Exchange Commission (SEC) has recently granted two local crypto exchanges, Busha Digital Limited and Quidax, “Approval-in-Principle” to commence operations under the Accelerated Regulatory Incubation Program (ARIP). These approvals are part of the SEC’s efforts to promote innovation while ensuring investor protection within the digital asset space. The ARIP was designed to
Gameplay Galaxy, a promising player in the blockchain gaming sector, has recently secured an impressive $11.17 million in a seed extension round. This round, co-led by Blockchain Capital and Merit Circle, has propelled the company’s total valuation to $71 million and total funding to $24 million. The primary focus of this funding round is to