France’s financial regulator, the Autorité des Marchés Financiers (AMF), recently issued a warning to French crypto investors regarding the digital asset trading platform Bybit. The platform, despite being one of the largest in terms of trading volume, is not registered in France and is therefore not authorized to provide its services to residents in the
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Recently, Oklahoma made a significant move in the world of cryptocurrency by signing into law a bill that protects crypto-related rights. This legislation, known as HB 3594, was approved by Governor Kevin Stitt on May 13 and will come into effect on Nov. 1. The new law prohibits the Oklahoma state government from placing any
Recently, Senators Cynthia Lummis and Ron Wyden raised concerns about the Department of Justice’s attempt to expand the definition of a money-transmitting business. They argued that the DOJ’s broad interpretation could potentially criminalize non-custodial crypto asset software services. This has sparked a debate on the implications of such a move. The Department of Justice’s argument
Shiba Inu, the popular meme coin, has been making headlines recently with its increasing adoption as a payment method. CoinGate, a blockchain payment processor based in Lithuania, has joined the trend by integrating Shiba Inu with Polygon and Binance Smart Chain. This move opens up new opportunities for businesses to accept and manage cryptocurrencies, bridging
Robinhood, the popular millennial trading platform, released its earnings report on May 8 and managed to surpass analyst estimates. The first-quarter results showcased record revenues of $618 million, marking a significant 40% increase year-over-year. Notably, revenue from cryptocurrencies saw an impressive surge of 232% to $126 million. This surge was largely driven by transaction-based revenues
Recent developments in the United States legislative arena have brought forward a new proposal known as the Blockchain Integrity Act. This bill, introduced by Congressman Sean Casten and supported by other representatives, aims to impose a temporary halt on financial institutions engaging in transactions involving funds that have passed through crypto mixers. The proposed legislation
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
Robinhood Markets Inc. is the latest crypto trading platform in the crosshairs of the Securities and Exchange Commission (SEC). The SEC has informed Robinhood that it is considering filing a lawsuit alleging violations of Sections 15(a) and 17A of the Securities Exchange Act of 1934. Section 15(a) prohibits broker-dealers from effecting securities transactions without proper
In recent years, there has been a significant shift towards metaverse commerce, where physical goods are sold through virtual platforms. This emerging trend has captured the attention of major retailers, with Walmart’s recent decision to enter the popular gaming platform, Roblox, to sell its products. But what exactly does metaverse commerce entail? The metaverse is
Recently, six Coinbase customers took legal action against the popular cryptocurrency exchange, Coinbase Global, along with its subsidiaries and CEO, Brian Armstrong. The class-action lawsuit, filed on May 5, makes the bold claim that the digital assets offered on Coinbase are, in fact, securities. This includes well-known tokens such as Solana, Polygon, Near Protocol, and