Bybit Ends Trade Access via Hidden Road Prime Brokerage(backed by Citadel Securities )

Citadel Securities-backed prime brokerage firm Hidden Road has recently announced that it will no longer offer its clients access to trading on Bybit, the third-largest crypto exchange by volume. This decision, communicated to clients a few weeks ago, stems from…

Ripio CEO Foresees Crypto Shift in Latin America to 10 millions users

Sebastian Serrano, the CEO of Ripio, a leading Latin American crypto exchange, envisions a significant shift in how corporations will finance their operations. He predicts that security token offerings (STOs) will become a primary method for companies to raise capital.…

Kraken Challenges SEC in Legal Dispute Over Cryptocurrency Regulations

The ongoing legal battle between Kraken, a prominent cryptocurrency exchange, and the US Securities and Exchange Commission (SEC) has intensified with a recent filing by Kraken. In their reply to the SEC’s letter, Kraken challenges the agency’s case, claiming that…

US Justice Department Appoints FRA as Binance Monitor Following $4.3 Billion Plea Deal

In a significant development, consulting firm Forensic Risk Alliance (FRA) has been chosen by the United States Justice Department to fulfill the role of an outside monitor for Binance Holdings Ltd. This decision comes after Binance pleaded guilty to violating…

Coinbase Sued for Securities Violations and Illegal Business Practices

Coinbase faces a class-action lawsuit alleging securities violations and an illegal business model. The lawsuit claims that Coinbase knowingly violated state securities laws through its digital asset sales. Tokens targeted in the lawsuit include Solana, Polygon, Near Protocol, Decentraland, Algorand,…

Robinhood Posts $157 Million Profit Amid Crypto Surge and SEC Scrutiny

Robinhood Markets Inc., a prominent financial services company, has recently reported its second consecutive quarterly profit, benefiting from higher interest rates and the surging popularity of cryptocurrency trading. This article explores the factors contributing to Robinhood’s financial success while highlighting…

Revolut British banking app Launches UK Crypto Exchange Revolut X with Over 100 Tokens

Revolut Ltd., the renowned British banking app, has taken a bold step forward in the digital-assets space with the launch of its new UK crypto exchange, Revolut X. This move comes as prices in the crypto market have shown a…

SEC Issues Warning to Robinhood Over Crypto Business Amid Regulatory Crackdown

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,…

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…

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…