Robinhood Markets Inc. has joined the ranks of crypto trading platforms facing potential legal action from the Securities and Exchange Commission (SEC). The company disclosed in a Form 8-K that it had received a Wells Notice from the SEC on May 4. The notice indicated that the SEC staff had made a preliminary determination to
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Cryptocurrency analyst and trader Rekt Capital recently shared an interesting insight about Bitcoin’s price trend. He pointed out that the current movement of Bitcoin is reminiscent of a price action from eight years ago, during a previous bull cycle. The implication is that Bitcoin might be gearing up for substantial growth in the coming months,
Friend.tech’s $FRIEND token, which saw a drastic 50% crash on its debut last Friday due to profit-taking by a significant investor, experienced another setback of 4.3% within the last hour. This sudden drop has left the token valued at $2.69, making it 6.3% less valuable compared to its price just a day ago. The turbulent
In the ever-evolving landscape of digital commerce, one emerging trend that has captured the attention of both consumers and businesses alike is metaverse commerce. This concept revolves around the selling of physical goods through virtual platforms, creating a unique and immersive shopping experience for users. Walmart, one of the major retail giants globally, recently made
Elliptic, a blockchain analytics company, recently announced a groundbreaking achievement in utilizing artificial intelligence (AI) to detect money laundering in Bitcoin. This research, conducted in collaboration with researchers from the MIT-IBM Watson AI Lab, has brought about significant advancements in the fight against illicit financial activities in the cryptocurrency space. The findings of Elliptic’s research
The resurgence of meme coins in the cryptocurrency market has sparked debates and concerns among industry experts. Chris Dixon, a general partner at Andreessen Horowitz (a16z), recently raised questions about the US regulatory system and its treatment of meme coins compared to other blockchain projects. He highlighted the fact that meme coins, which are primarily
A recent class-action lawsuit has been filed against Coinbase Global, along with its subsidiaries Coinbase, Inc. and Coinbase Asset Management, LLC, as well as its CEO, Brian Armstrong. The lawsuit, initiated by six customers, makes the bold claim that the digital assets listed on Coinbase are actually securities. Among the tokens listed are Solana (SOL),
Bitcoin has recently displayed remarkable resilience in the market, bouncing back above the $60,000 price zone after experiencing a significant decline below $57,000. This upward momentum has reignited the interest of Bitcoin bulls, who are poised to potentially kickstart a crypto bull run. Market expert Peter Brandt, in celebration of his 50th anniversary in future
Coinbase, the largest U.S. crypto exchange, has reported impressive financial figures in its Q1 2024 earnings report. The company posted a total revenue of $1.6 billion, marking a significant 72% increase from the previous quarter. This surge in performance can be attributed to the booming prices of crypto assets and the successful launch of spot
The recent guilty plea of Alexander Vinnik, a Russian national and operator of the now-defunct crypto exchange BTC-e, sheds light on the rampant money laundering activities that have plagued the cryptocurrency industry. Vinnik admitted to charges of money laundering conspiracy in the US, highlighting the extent to which platforms like BTC-e were used by cyber
