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Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm

[Apr 7, 2023 2:38 AM] The settlement follows an investigation into Robinhood platform outages in March 2020 spearheaded by a regulators in seven states including California and Alabama.

Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future

[Apr 5, 2023 5:30 AM] As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case…

Cathie Wood’s ARK loading up on Coinbase shares again, buying $18M

[Mar 23, 2023 11:57 PM] ARK Invest purchased 269,928 shares in Coinbase on March 23, only two days after it sold $13.5 million, its first sale of Coinbase shares this year.

Crypto Is the Solution to Bank Runs, Not the Cause

[Mar 23, 2023 6:45 AM] Self-custody, transparency and immediate settlement are just a few ways that crypto could prevent loss of funds.

Coinbase CEO on its Wells Notice: SEC is like soccer referees in a game of pickleball

[Mar 23, 2023 12:17 AM] Brian Armstrong made the interesting analogy when asked to explain the firm's recent "Wells Notice" in "NFL terms."

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’

[Mar 11, 2023 6:00 PM] On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the…

Developers Propose Cross-Chain Bridge for XRPL Network to Enhance Blockchain Interoperability

[Feb 23, 2023 2:30 PM] Software engineers and members of the development lab Ripplex want to create a cross-chain bridge for the XRPL network to bolster cross-chain transfers between different blockchain networks. According to a recent Github draft, the proposal outlines…

NBA Hall of Famer Paul Pierce Charged by SEC for Touting EMAX Tokens

[Feb 17, 2023 11:31 AM] The U.S. Securities and Exchange Commission (SEC) has charged Basketball Hall of Famer Paul Pierce for touting EMAX tokens and making misleading comments about unregistered crypto securities. The former Boston Celtics small forward agreed to settle…

Crypto regulation decided by Congress, not the SEC: Blockchain Association

[Feb 14, 2023 7:19 PM] The group's policy head doubted a divided Congress can create crypto legislation but said it doesn’t give regulators absolute authority in the interim.

Nexo shutters US Earn product a month after settling with regulators

[Feb 12, 2023 6:59 PM] The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators.

‘Agent of an anti-crypto agenda’ — Community slams Gensler over Kraken crackdown

[Feb 9, 2023 7:59 PM] SEC's recent charges against crypto exchange Kraken over its staking program have sent tremors through the crypto industry.

‘Kraken Down’ — SEC commissioner rebukes own agency over recent action

[Feb 9, 2023 6:44 PM] "Today, the SEC shut down Kraken’s staking program and counted it as a win for investors. I disagree and therefore dissent," said commissioner Hester Pierce.

Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product

[Jan 19, 2023 11:30 PM] The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest…

Ripple CEO: XRP lawsuit resolved by June, SEC conduct 'embarrassing'

[Jan 18, 2023 8:14 PM] Ripple CEO Brad Garlinghouse said the firm's XRP lawsuit could come to an end within "single-digit months."

Binance Launches Off-Exchange Settlement Solution ‘Binance Mirror’ for Institutional Clients

[Jan 16, 2023 4:30 PM] The largest crypto-asset exchange by global trade volume, Binance, announced that its custody business has launched an off-exchange settlement solution for institutional clients. With this solution, institutions can lock a specified amount of…

Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings 

[Jan 8, 2023 12:30 PM] Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were allegedly issued subpoenas by the U.S…

Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization

[Jan 7, 2023 1:30 PM] During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that it is further distancing itself from U.S. dollar…

Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations

[Jan 4, 2023 2:30 PM] Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said…

SEC Charges Gig Economy Platform for $2.6 Million Unregistered Coin Offering

[Dec 25, 2022 11:30 PM] The U.S. Securities and Exchange Commission (SEC) has charged Thor Technologies and its co-founders with conducting an unregistered securities offering. In 2018, the company minted and sold tokens to raise funds for its ‘gig economy platform,’ the…