Robinhood’s Crypto Business received SEC Subpoena during the month of December as per the 10-K filing. Robinhood Markets, a leading online brokerage firm, has recently disclosed in its latest 10-K filing that it has received an investigative subpoena from the…
Ukraine Utilized Cryptocurrency Donations Valued at $70 Million in Bitcoin, Ethereum, and USDT to Purchase Military Equipment – Chainalysis
With Ukraine – Russia war, people from around the world donated to Ukraine valued over US $70 million as per the report published by Chainalysis. Bitcoin, Ethereum and USDT as the widely accept form of cryptocurrency as per the Government…
India Requests IMF and FSB to Develop ‘Synthesis Paper’ on Crypto Assets during G20 meeting
Under its presidency, India urges International Monetary Fund (IMF) and Financial Stability Board (FSB) to craft a consolidated report on crypto assets for the G20 finance ministers and central bank governors’ meeting. The objective is to establish a cohesive and…
Voyager received more than 100M$ USDC from Coinbase in the past 3 days – Lookonchain
Voyager is selling its crypto assets thought Coinbase USDC as suggested by onchain data from Lookonchain. On July 5th, 2022, Voyager Digital Holdings, Inc. and two related debtors voluntarily submitted petitions for Chapter 11 bankruptcy protection under the U.S. Bankruptcy…
ARK Funds invest over $13 million in COIN stock, led by Cathie Wood
As per Cathie’s ARK’s daily investors update revealed that on Wednesday the 22nd, they acquired 213,519 shares of COIN (Coinbase) stock across their funds, with a total value of over $13 million based on the closing price of 61.18. The…
NBA’s ‘Top Shot Moments’ NFTs may be classified as securities in Dapper Labs case
Federal judge rules NBA-branded “Top Shot Moments” NFTs from Dapper Labs could be considered securities. According to the judge, the conclusion that Dapper Labs’ offering was an investment contract under Howey is limited in scope. A class-action lawsuit was filed…
Banking regulators would be better for overseeing stablecoins than the SEC – Circle’s CEO
According to the Jeremy Allaire, CEO of Circle, banking regulators would probably be more effective in providing oversight for stablecoins. He also expressed his general agreement with the SEC’s proposal for a qualified custodian. During an interview with Bloomberg yesterday,…
Regulators oppose Binance.US and Voyager’s billion$ deal for being unlawful, with a focus on Voyager’s VGX token
Regulators from New York and federal finance have filed objections to the $1.02 billion deal proposed by Binance.US to acquire assets from the bankrupt crypto lender Voyager Digital.As per Feb 22 filings, it could be discriminatory and unlawful. As per…
Four New Criminal Charges Filed Against FTX Founder Sam Bankman-Fried
Former FTX founder Sam Bankman-Fried (SBF) is facing new charges that include operating an unlicensed money transfer business and involvement in bank fraud. The indictment alleges that SBF used his position of trust to steal FTX customer deposits and used…
A hidden cryptocurrency mining operation discovered inside Cohasset school
A former town employee from Cohasset, Massachusetts, named Nadeam Nahas, was scheduled to appear in court on Thursday as a suspect in an alleged cryptocurrency mining operation that was illicitly connected to the electrical system of Cohasset Middle High School.…