Cryptocurrency
Robinhood Crypto Settles with California for $3.9M Over Withdrawal Issues
Robinhood LLC settles with the State of California for $3.9 million. The settlement resolves allegations of freezing crypto withdrawals from 2018 to 2022. The firm…
CFTC Cracks Down on DeFi: Uniswap Fined for Leveraged Token Trading
Uniswap Labs settled with the CFTC, paying a $175,000 fine for alleged violations of the Commodity Exchange Act. The CFTC's action emphasizes increased scrutiny on…
Bank of Canada Cuts Rate to 4.25%, Easing Inflation Worries
The Bank of Canada reduced its key policy rate to 4.25% for the third time due to easing inflationary pressures. Canada's inflation rate dropped to…
Telegram Founder’s Arrest Raises Alarm at United Nations
U.N. expresses human rights concerns over Pavel Durov's detention in France. Durov faces charges linked to Telegram's alleged security failures. Toncoin experiences a significant price…
Bitcoin Dips Below $57K, ‘Bear Market’ Chatter Spikes on Social Media
Bitcoin crashed to the $56,000 price level in the past few days. A slight surge in terms like "bull market" was noted on social media…
Justin Sun Announces Major SUN Token Burn Progress
SUN token burn reaches $8M milestone with $4M pending, boosting market confidence. SUN tokens embrace transparency with a 100% on-chain buyback and burn process. Sun…
FBI Warns of North Korean Hackers Targeting Crypto Firms
The FBI has issued a warning to the North Korean hackers’ latest target on crypto employees. The attackers deploy malware through complex social engineering campaigns.…
FTX Repayment Plan in SEC Crosshairs, Stablecoin Use Questioned
The SEC reserved the right to challenge creditor repayments made using U.S. dollar-pegged crypto assets. FTX's current liquidation plan proposes creditor claims based on asset…
Bitcoin as Corporate Treasury Asset: A Growing Trend in 2024
MicroStrategy leads the way with over 150,000 Bitcoins, setting the trend for corporate Bitcoin treasuries. Tesla, Block, Inc., and other giants have diversified their treasuries…
Interest Rate Cut vs. Inflation: The Fed’s Dilemma and Crypto’s Future
The FOMC will meet between September 17 and 18. The Fed will probably cut interest rates during September’s FOMC meeting. CME FedWatch projects a 69%…
