SEC Sends Wells Notice To Robinhood Over US Crypto Business, Shares Plunge 7%

In the latest episode of the ongoing regulatory crackdown on the cryptocurrency industry, crypto exchange Robinhood received a Wells Notice from the US Securities and Exchange Commission (SEC) staff.  Regulatory Turmoil For Robinhood The notice indicates that the staff will recommend that the Commission pursue an enforcement action against the trading platform. Robinhood expressed disappointment

Ripple Case Will ‘Inevitably’ Go To Second Circuit, Says Former SEC Expert

At the recent MicroStrategy’s Bitcoin For Corporations event, Neel Maitra, a partner at Dechert and a seasoned former fintech and crypto specialist at the SEC, offered a deep dive into the judicial complexities currently entangling crypto regulations, with a special focus on the ongoing Ripple litigation. His insights are particularly noteworthy given his extensive background

Justin Sun Grabs Nearly Half Of Deposits In Liquid Staking Protocol

Tron founder Justin Sun has once again sent ripples through the cryptocurrency world with a hefty deposit into a liquid restaking protocol. This move puts Sun squarely in the center of a booming DeFi niche: liquid staking. Related Reading: Shiba Inu Owners, Beware: Impersonators Are Targeting Your Pack! Justin Sun: A Champion For Liquid Staking?

Legal Storm Brewing For Coinbase: Lawsuit Claims Deceptive Practices

Coinbase, a leading cryptocurrency exchange, finds itself embroiled in a multi-front legal war. From disgruntled investors to the watchful eye of the SEC, the company faces challenges that threaten its operations and cast a shadow over the future of crypto regulation. Related Reading: Bitcoin Bull Michael Saylor Wants SEC To Corral Crypto Herd: ETH, ADA,

Massive Rumor: Hong Kong’s Bitcoin ETFs May Open To Mainland Chinese

Richard Byworth, Managing Partner at SyzCapital, has ignited rumors suggesting that Bitcoin ETFs listed in Hong Kong could soon be accessible to investors from mainland China. Byworth’s remarks on X, formerly known as Twitter, highlight the ongoing discussions about the possibility of the integration of these ETFs into the Stock Connect system. This integration could

Shiba Inu Owners, Beware: Impersonators Are Targeting Your Pack!

The booming Shiba Inu (SHIB) community faces a growing threat: imposters posing as prominent developers on social media platforms like Telegram. Shibarmy Scam Alerts, a watchful community group, recently exposed this deceptive tactic, urging investors to exercise caution in the face of these digital wolves in sheep’s clothing. Related Reading: Friend.tech Fiasco: Token Tanks 98%

Bitcoin Bull Michael Saylor Wants SEC To Corral Crypto Herd: ETH, ADA, SOL In The Crosshairs

Michael Saylor, the tech entrepreneur who steered MicroStrategy into a Bitcoin behemoth, is back in the headlines. This time, he’s not championing the orange coin, but rather aiming his laser focus at its altcoin rivals. Related Reading: Fear Back For 1st Time Since October As Crypto Greed Takes The Backseat At the recent Bitcoin For

Are Ethereum And XRP Securities? Ripple CEO Weighs In On The Debate

The US Securities and Exchange Commission has long been at loggerheads with the crypto industry, especially concerning the security status of some cryptocurrencies. Ripple CEO Brad Garlinghouse recently had some strong opinions on the matter that he’s not afraid to share. While speaking at an interview, Garlinghouse noted that the SEC is “grossly wrong” in

BTC-e Co-founder Enters Guilty Plea For $9 Billion Money Laundering Conspiracy

Co-founder of crypto exchange BTC-e, Alexander Vinnik, has pleaded guilty to charges of conspiracy to commit money laundering. In a public release by the US Department of Justice (DOJ) on May 3, the Russian national has admitted to his role as one of the operators of BTC-e, facilitating $9 billion worth of illicit transactions between

Grayscale Spot Bitcoin ETF Turns Positive After $17.5 Billion In Outflows, Sees Inflows For The First Time

In a rather shocking development, Grayscale Bitcoin Trust (GBTC) has recorded its first-ever inflow after witnessing significant daily outflows since its launch.  Grayscale Bitcoin ETF Records Over $60 Million In Inflows Grayscale’s Spot Bitcoin ETF has finally broken its 82-day streak of outflows since its launch on January 11, 2024. GBTC saw its first day

Shiba Inu Scores Another Major Listing That Could Send Price Flying

Shiba Inu has scored another major listing as PayPal users within the United States can now buy the dog-themed cryptocurrency through MoonPay, opening up new avenues for adoption and potentially fueling a price increase.  PayPal Teams Up With MoonPay For Shiba Inu Access American multinational financial technology company PayPal has made a strategic partnership with

Friend.tech Fiasco: Token Tanks 98% After Airdrop Fails To Deliver

Friend.tech, a social media platform built on the Ethereum blockchain, aimed to celebrate the launch of its version 2 protocol with an airdrop of its native token, FRIEND. However, the well-intentioned initiative turned into a cautionary tale, with the token’s price experiencing a dramatic nosedive and user frustration reaching a fever pitch. Related Reading: Fear

Investor Falls Victim To $71 Million Address Poisoning Scam

In a concerning turn of events, an anonymous crypto trader has lost approximately $71 million worth of assets in an address poisoning scam. This incident has roused much tension in the crypto ecosystem, underlining the need for improved safety measures. Related Reading: Leaper Finance Exposed: Sleuth Uncovers Alleged Multi-Million Dollar Crypto Scam Trader Loses 1,155

Bitcoin Back In The Bullpen: Whales Spark Rebound With $2.8 Billion Purchase

The past few weeks have been a rollercoaster ride for Bitcoin investors. Fears of inflation and geopolitical tensions sent shockwaves through the cryptocurrency market, dragging Bitcoin and its altcoin brethren down to depths not seen since early 2024. Bitcoin, the world’s leading cryptocurrency, plummeted to as low as $56,500 this week, a far cry from

$12 Million Crypto Seizure: Dutch Authorities Arrest Suspect Of ZKasino Rug Pull

About two weeks ago, the crypto space faced another alleged rug pull. This time, the gambling platform and blockchain casino ZKasino was at the center of the accusations, with many investors claiming their money was gone. Despite the allegations, ZKasino continued to post X updates before disappearing from the public eye with investors’ money. The

Battle For Privacy: DOJ Targets Crypto Wallets, Stirring Major Concerns Over Digital Rights

The recent actions of the US Department of Justice (DOJ) have ignited a fierce debate on the future of financial privacy. The crackdown on Wasabi Wallet’s service has raised significant concerns among privacy advocates and crypto users alike, spotlighting the tension between regulatory actions and the right to private digital transactions. Related Reading: Crypto Witch-Hunt:

Shiba Inu Team Member Reveals ShibaSwap Network Expansion Plan That Could Send SHIB Price Flying

Shiba Inu marketing lead, Lucie has announced plans that would see ShibaSwap, a Decentralized Exchange (DEX) on the Ethereum blockchain expanding to a new chain. This new development could significantly transform the Shibarium ecosystem, potentially fueling a price leap for Shiba Inu’s native token, SHIB and Shibarium’s BONE. ShibaSwap Is Going Multi-Chain While the Shiba

Fidelity: US Pension Funds Explore Crypto And Bitcoin, Eyeing $10 Trillion AUM

According to a recent survey by Fidelity Digital Assets, institutional investors, including US pension plans, are increasingly inclined to invest in crypto assets, including Bitcoin.  The survey covered various institutional investor segments, including financial advisors, family offices, hedge funds, endowments, foundations, and pension funds.  Institutional Investors Dominate Crypto Adoption The survey findings indicate a significant

Edward Snowden Delivers ‘Final’ Bitcoin Warning: Here’s Why

Edward Snowden, the well-known whistleblower, reiterated his long standing concerns about Bitcoin’s privacy features, or the lack thereof in a recent post on X. Snowden’s latest comments emerge in the wake of a significant announcement by the Wasabi Wallet team concerning their decision to discontinue their coinjoin coordination service, a cornerstone for enhancing user privacy

Ripple Counters SEC’s Opposition Brief With New Filing, What Does It Say?

Ripple has filed a new court document supporting its motion to strike new evidence in its long-running legal battle against the Securities and Exchange Commission (SEC). The crypto firm filed the initial motion on April 22, seeking to strike Andrea Fox, an accountant at the Commission, as one of the claimant’s witnesses.  Ripple Makes A