The US Securities and Exchange Commission (SEC) has issued a warning to Robinhood Markets Inc., a renowned stock trading platform, regarding its crypto business. This development signifies the SEC’s unwavering commitment to its ongoing crackdown on digital assets. In response,…
Friend.tech Airdrop with 98%Token Price Drop and Market Response Insights
In recent days, friend.tech’s highly anticipated airdrop process has been the subject of intense scrutiny and criticism. Users have expressed frustration and disappointment as the token’s value experienced a significant drop, leading to concerns about the claims process and overall…
Can Sui Drive the Future of Decentralized Physical Infrastructure Networks?
Decentralization is transforming traditional infrastructure models, offering a more democratic approach to ownership and control. Through decentralized physical infrastructure networks (DePIN), this movement empowers communities and individuals, fostering efficiency, equity, and resilience. Leveraging advanced blockchain technologies, DePIN is setting the…
Federal Prosecutors Investigate Block’s Compliance Lapses Over Crypto Transactions, NBC Reports
Federal prosecutors are intensifying their scrutiny of Block’s crypto unit amid allegations of compliance lapses. A source familiar with the matter revealed to NBC News that investigators are collaborating with whistleblowers to probe the company’s practices. “From the ground up,…
Robinhood and Uniswap Team Up to Ease Crypto Buys for American Customers
In a recent announcement, Robinhood, a popular online brokerage, unveiled an exciting update that brings added convenience to users of the Uniswap mobile app. Thanks to the integration of Robinhood Connect, individuals can now purchase crypto assets directly using their…
Coinbase Faces New Class Action Lawsuit Alleging Violations of State Security Laws
In a recent development, Coinbase, a US-based cryptocurrency exchange, finds itself embroiled in a new class-action lawsuit filed in the Northern District of California. The plaintiffs contend that Coinbase has knowingly and intentionally violated state security laws by offering and…
Ripple CEO Denies Securities Status for ETH and XRP
Key Highlights: Brad Garlinghouse asserts Ethereum and XRP are not securities amidst SEC scrutiny. Ripple CEO Brad Garlinghouse lends his support to Ethereum amid a heightened SEC investigation into whether specific ETH transactions are classified as securities. Garlinghouse’s endorsement follows…
3 Reasons Why Optimism Has Remained Profitable in the Past Seven Days
Last week, Optimism (OP) was among the best-performing cryptocurrencies in the market despite Bitcoin’s price coming below $58k. Apparently, there was an increase of more than 30% in the weekly chart and another substantial increase in the daily chart. However,…
Binance Labs Invests in Movement Labs to Enhance Blockchain Security and Speed
Binance Labs, the renowned venture capital and incubation arm of Binance, has recently made a strategic investment in Movement Labs, an innovative startup that aims to revolutionize the blockchain industry. Movement Labs introduces the concept of an integrated blockchain network, combining…
Coinbase Surges in Q1 with Higher Revenue and Profit Amid Crypto Rise
Coinbase Global Inc. reported a remarkable surge in revenue and net income for the first quarter, significantly outperforming analysts’ expectations. This performance marks a strong turnaround from previous losses, driven by increased interest in cryptocurrencies and higher trading volumes. Looking…