Robinhood crypto business slapped with SEC Wells notice

Robinhood has secured an additional $200M in funding in a Series G funding round, bringing its total valuation to $11.2B. Stock and crypto trading app Robinhood has raised $200 million in a new funding round.In an Aug. 17 blog post, Robinhood said it had secured $200 million in a Series G funding round. Robinhood said…

The People’s Bank of China proposed a blockchain trade financing information platform for the Guangdong-Hong Kong-Macao Greater Bay Area. 564 Total views 16 Total shares A number of governing entities in China recently came together to issue an official document, proposing the development of a blockchain-based trade finance platform.Contributors included the People's Bank of China,…

For the entirety of cryptocurrency’s short history, Venezuela has been seen to be among the most striking example of the need for the utility. The South American country has hosted escalating political tension for years, as skyrocketing hyperinflation, electricity blackouts and shortages of vital food and medicine intensified popular discontent.Venezuelan trade volume dominates P2P marketsVenezuelan…

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s noteThe largest city in the United States and the world’s financial capital for most of the past century, New York City is also used to playing a starring role in the worlds of art, music, literature…

United States automotive giant General Motors (GM) has become the latest member to join blockchain startup Spring Labs’ partner project to enhance data security, the company confirmed in a press release Feb. 11.GM, which has experimented with the technology before, will join the Spring Founding Industry Partners (SPIF) Program, which launched in January.Now with almost…

Data scientists at blockchain infrastructure firm Elementus have published details of recent transactions from crypto exchange CoinBene that they consider to be suspect, beginning with $105 million in crypto swiftly being moved out of the exchange’s hot wallet.The findings, reportedly based on data sourced using the Elementus Query Engine, were published on March 27. Elementus also…

The El Salvador official noted that the government is looking to attract more investments to its Bitcoin City with special incentives for businesses investing early. 408 Total views 6 Total shares El Salvador, the first nation to make Bitcoin (BTC) a legal tender in September last year, is currently focused on building a Bitcoin City.…

Bitcoin (BTC) wobbled around $40,000 as investors waited for the Federal Reserve to release its new set of economic projections on Wednesday.The market's focus shifted on two important questions: will the United States’ central bank officials signal their intentions to raise interest rates in 2023, instead of 2024? And how much inflation they think would…

VARA CEO Matthew White said that clear and actionable guidance helps crypto providers deliver their services responsibly.