Today, Robinhood announced the launch of its brokerage services in the UK, marking its first expansion beyond the United States. With this move, UK customers will gain access to a wide range of investment opportunities, including over 6,000 U.S.-listed stocks and American Depository Receipts (ADRs). One of Robinhood’s main goals is to encourage higher retail
Exchanges
The Philippines Securities and Exchange Commission (SEC) recently issued a cautionary advisory regarding Binance’s operations within the country. While Binance is registered in other countries, the regulatory body stated that the exchange is not registered in the Philippines and lacks the necessary license and authority to operate. This article will delve into the implications of
Coinbase, one of the largest cryptocurrency exchanges in the United States, recently disclosed that it has been subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC). In an email sent to its users, Coinbase revealed that it has been requested to provide information about its users’ accounts and transaction activities. While the email does not
Last week saw a remarkable influx of capital into digital asset investment products, reaching a staggering $346 million, according to the latest data from CoinShares. This influx represents the largest weekly inflow in a consecutive nine-week period, reminiscent of the enthusiasm witnessed during the bull market of late 2021. The surge in inflows has propelled
In a recent development, Justin Sun, a top representative for the crypto exchanges HTX and Poloniex, has announced plans to reward users and cover losses. This comes after the exchanges were targeted in hacker attacks, resulting in significant losses for users. In this article, we will delve into the details of this announcement, the planned
Former Binance CEO Changpeng Zhao recently experienced a temporary restriction on his social media profile on X, which raised questions and concerns among the cryptocurrency community. The restriction occurred shortly after Zhao stepped down from his executive position, leading to speculation about the motives behind this move. A Temporarily Restricted Account On November 23, attempts
The U.S. Department of Justice (US DOJ) is taking measures to prevent former Binance CEO and founder, Changpeng ‘CZ’ Zhao, from leaving the country before his sentencing. This motion comes after Binance and CZ pleaded guilty to charges of Bank Secrecy Act violations and agreed to pay a settlement of $4.3 billion. As part of
The recent news of Bittrex Global’s impending closure has sent shockwaves throughout the cryptocurrency community. As users scramble to secure their funds and find alternative platforms, the market has been hit with an unexpected consequence – a significant premium on Bitcoin (BTC) trading. This premium, exceeding $10,000 on Bittrex Global, has raised eyebrows and left
In a shocking turn of events, Binance CEO Changpeng Zhao has reportedly pled guilty to violating U.S. anti-money laundering requirements and will step down from his role at the exchange, according to the Wall Street Journal. This news has sent shockwaves throughout the cryptocurrency industry and has led to significant price fluctuations in the market.
Bittrex Global, a prominent cryptocurrency exchange, sent shockwaves through the community with its recent announcement of ending most exchange operations and trading activity. In a statement published on November 20, the company expressed its deep regret about this decision and acknowledged the inconvenience it would cause to its valued customers. Effective from December 4 at
