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

7.4.2023
The settlement follows an investigation into Robinhood platform outages in March 2020 spearheaded by a regulators in seven states including California and Alabama

UK uses Love Island star to warn finfluencers on crypto and investment schemes

7.4.2023
The financial and advertising regulators posted a seven-part checklist to ensure these social media stars stay within the bounds of the law

New York Regulator Calls Crypto Theories Associated With Signature Bank Closure ‘Ludicrous’

7.4.2023
Adrienne A. Harris, the superintendent of New York’s Department of Financial Services, has branded as “ludicrous” the claims that the closure of Signature Bank was related to its crypto business. Harris insisted that the bank’s “high percentage of uninsured...

Ukraine Dismantles $40 Million Russian Crypto Pyramid

6.4.2023
Ukrainian law enforcement has exposed a financial pyramid originating from Russia suspected of making millions of U.S. dollars. The scam convinced victims to send fiat money and cryptocurrency by promising profitable investments in big companies around the world. Large Crypto Pyramid Scheme With...

US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto

6.4.2023
The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.”...

White House hopeful RFK Jr. says instant payments may lead to ‘financial slavery’

6.4.2023
President John F. Kennedy's nephew also worries that the government will seize the public’s Bitcoin

Ripple's Effect on Financial Advisors

6.4.2023
Ripple has spent over $100 million fighting the SEC. Financial advisors should pay attention to Ripple’s trial, as it could have significant consequences to how we define securities

Avalanche’s New Subnet to Offer Blockchain Customization for Financial Institutions

6.4.2023
The protocol said the subnet will be a suite of institutional blockchain deployments and tooling specifically designed for financial services

Islam and crypto: How digital assets can comply with Islamic financial law

6.4.2023
A look at cryptocurrency’s role in the world of Islamic banking and finance

Hidden Treasure: Every Modern Copy of macOS Contains a Copy of Bitcoin’s White Paper

6.4.2023
On April 5, 2023, the independent blogger Andy Baio published a post on his Waxy Blog that explained every version of macOS from Mojave 10.14.0 to the current version hosts a copy of Satoshi Nakamoto’s seminal Bitcoin white paper. Mac users can type a simple command in the terminal, and...

Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’

6.4.2023
Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely...

Microstrategy’s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More Bitcoins

5.4.2023
Nine days after publicly listed company Microstrategy purchased 6,455 bitcoins, the firm’s CEO, Michael Saylor, announced the purchase of an additional 1,045 bitcoins. The business intelligence (BI) company now holds a total of 140,000 bitcoins, worth $3.97 billion. Microstrategy Buys...

Crypto-Focused Menai Financial Group Shuttering Market-Making Business in London and Tokyo

5.4.2023
The firm said it continues to invest in and grow its asset management business

NYDFS Chief Dismisses 'Choke Point 2.0' Theory of Signature’s Closure as 'Ludicrous'

5.4.2023
Signature Bank’s takeover last month was not a part of any so-called “Operation Choke Point 2.0,” according to Adrienne Harris, superintendent of the New York Department of Financial Services (NYDFS), who called the idea “ludicrous.”

‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO

5.4.2023
Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber, the defi ecosystem will succeed in getting more...

Marathon Digital posts quarterly record of 2,195 Bitcoin mined in Q1

5.4.2023
With a new quarterly production record, Marathon Digital is now on track to meet its mid-year target of 23 exahashes

P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return

4.4.2023
According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could...