Wall Street

Crypto Exchange
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,…

Crypto Exchange
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…

Stablecoin
Deutsche Bank Reveals 14% Currency Peg Survival Rate Signals Stablecoin Risks

In a study recently conducted by analysts at Deutsche Bank Research, a comprehensive analysis of 334 currency pegs since the year 1800 has revealed a startling truth: only 14% of these pegs have managed to survive the test of time.…

Crypto Exchange
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…

Gulf Bank
Stablecoin
Visa and Allium Labs Report Indicates Over 90% of Stablecoin Transactions May Not Involve Real Users

Stablecoins, a type of cryptocurrency pegged to an underlying asset like the U.S. dollar, have garnered significant attention in recent years. Proponents argue that stablecoins have the potential to revolutionize the payments industry, offering fast, low-cost transactions. However, a new…

Cryptocurrency
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…

Crypto Exchange
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…

Stablecoin
Tether Records 4.52 Billion Profit with Gains from US Treasuries and Crypto

Tether Holdings Ltd., the operator of the largest stablecoin, has announced a remarkable achievement in the first quarter of this year. The British Virgin Islands-incorporated company reported a record net profit of $4.52 billion, driven by multiple factors including interest…

Tether
Cryptocurrency
Tether Holdings invests $200 million in Blackrock Neurotech, a leader in brain-computer interface (BCI) technology.

Tether Holdings Ltd., the leading issuer of stablecoin, has recently announced a significant investment of $200 million in Blackrock Neurotech. This investment marks Tether’s foray into the world of startup investing, leveraging its surplus earnings from a substantial portfolio of…

Cryptocurrency
US DOJ Recommends 36 Month Sentence and $50 Million Fine for Former Binance CEO Changpeng Zhao

The US Department of Justice (DOJ) has stirred controversy by recommending a 36-month prison sentence and a hefty $50 million fine for Changpeng Zhao, the former CEO of Binance. Zhao’s legal team has responded, arguing that such a severe punishment…