Robinhood to pay $45M in civil penalties to settle SEC charges
The SEC order found that Robinhood Securities LLC and Robinhood Financial LLC violated more than 10 separate securities law provisions.
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SEC reverses decision on sealing, redacting some documents in Binance.US case
The documents filed Aug. 28 may be seen by the public in a week. They are not all the sealed documents in the case, however. 162 Total views 3 Total shares Observers should soon get a look at some of the sealed documents in the United States Securities and Exchange Commission’s (SEC) case against Binance.
Robinhood users are getting AI tools to help them trade
Robinhood has acquired Pluto Capital, an AI powered investment research firm.
Bitcoin Price Holds Key $5.9K Support, Avoiding a Retest of Recent Lows
As the Coronavirus pandemic continues to unfold, markets, both traditional and crypto, remain highly unpredictable. Even gold has failed to provide safety for investors and Bitcoin is undergoing a demanding test as a new asset class in an unprecedented health and financial crisis.Crypto market daily performance. Source: Coin360As traditional markets gear up for another week…
Exit Scam? Dublin-Based Exchange Bitsane Vanishes With Users’ Funds
Ireland-based cryptocurrency exchange Bitsane has apparently vanished, taking as many as 246,000 users’ crypto deposits with it. The news was reported by Forbes on June 27.Launched in 2016, Dublin-registered Bitsane LP was formerly listed as one of Ripple’s approved exchanges — a January 2018 CNBC article had also pitched the exchange as an option for…
Redditor could lose young family after crypto trading addiction spirals
A self-confessed crypto trading addict and father of two is facing the dire prospect of losing his family forever after secretly racking up $180,000 in debt from his crypto trading habits. Posting his story on the r/relationship advice subreddit on Feb. 21, Reddit user “Leather_Opposite2135” said he started dabbling in cryptocurrency trading around 2021.Fast forward two…
Yam plans protocol overhaul despite first successful V3 rebase
Despite Yam’s first post-relaunch rebase executing successfully, its developers are planning many more changes to the protocol. Yam, the decentralized finance (DeFi) sector’s original food-themed clone protocol, has successfully completed its first rebase since its V3 relaunch.Yam’s relaunch on September 18 followed the spectacular failure of Yam V2 last month — where a bug in…
Chinese Crypto Fitness App Reportedly Under Investigation for Fraud
A Chinese cryptocurrency fitness app has reportedly been placed under investigation for allegedly illegal fundraising practices and financial fraud.Nikkei Asian Review reported the news on Dec. 18, citing documents ostensibly accessed by its affiliate publication, KrASIA. Investors in limboAccording to the report, the market regulator in Changsha, the capital of Hunan province, is investigating a fitness…
Forget BTC Price, It’s Now Possible to Trade Bitcoin Hash Rate Futures
FTX debuts a product which delivers quarterly settlements based on Bitcoin’s hash rate, calculated using the average difficulty. 1784 Total views 39 Total shares Bitcoin (BTC) holders now have a new tool to leverage the largest cryptocurrency’s growing ecosystem as two new futures markets go live. In a blog post on May 15, derivatives platform FTX…