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Facing $70M in fines from regulators, Robinhood files for IPO
1.7.2021
The U.S. Financial Industry Regulatory Authority delivered its biggest financial penalty against the trading app on Wednesday, and Robinhood still reportedly faces scrutiny from the SEC regarding its business practices
Investment app Betterment looking into long-term crypto offering, says CEO
30.6.2021
Sarah Levy referred to the company considering "a long-term buy and hold the asset as a smaller portion of a portfolio, rather than as sort of a trading opportunity short term.”
Regulators in UK, Japan Issue Warnings on Binance Amid Crackdown on Unauthorized Crypto Exchanges
27.6.2021
Top financial regulators in England and Japan have independently issued warnings on Binance for offering crypto exchange services to residents of the two countries without being registered with the regulators as required by law. Japanese Regulator’s Warning Japan’s top financial...
SEC Delays Robinhood IPO Over Questions Concerning the Company’s Crypto Business: Report
26.6.2021
Robinhood Markets Inc., the American financial services company headquartered in Menlo Park, California, has seen its initial public offering (IPO) delayed by the U.S. Securities and Exchange Commission (SEC). According to a report citing “people familiar with the matter” the SEC...
Mica Law Draft Designates CNMV and Bank of Spain as Crypto Watchdogs
25.6.2021
The latest Mica (Europe’s Markets in Crypto-Assets Regulation) revision designates the CNMV and the Bank of Spain as the main cryptocurrency watchdogs in the country. The draft also stipulates that companies offering services in the EU will need to be based in a European country. The norm...
Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices
24.6.2021
While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries....
FCA Warns 111 Crypto Firms Are Operating Illegally in UK — Says ‘This Is a Very Real Risk’
24.6.2021
U.K.’s financial regulator, the Financial Conduct Authority (FCA), has warned that 111 companies are offering crypto services in the country without proper registration. “This is a very real risk so we are worried about that,” said the regulator’s head of enforcement...
Microsoft Will Stop Offering Cyberpunk Refunds Next Month
23.6.2021
Microsoft will roll back its refund policy for Cyberpunk 2077 on July 6, the company announced the news in an update on the Microsoft support site.Read more
US crypto exchange Kraken eyeing public listing in 2022
17.6.2021
Kraken could follow Coinbase's footsteps by becoming the next Unites States-based crypto exchange to be a publicly-traded company
Fortnite, Worth Billions, Offering Paltry Prize Money For Design Contest
16.6.2021
Yesterday, Fortnite announced a “Concept Royale” competition. Players can submit skin ideas, and two winners “will have their concepts turned into in-game Outfits in Fortnite, and will also each receive a $2,500 cash prize.” At first glance it doesn’t look like a bad deal, but $2.5k for a design...
Microstrategy Selling up to $1 Billion of MSTR Stock to Buy Bitcoin
15.6.2021
Microstrategy Inc. is selling up to $1 billion of its common stock, MSTR, with the aim to use some of the net proceeds to buy bitcoin. The Nasdaq-listed company also recently completed a $500 million secured notes offering and will use the proceeds to acquire bitcoins. Selling MSTR Stock to...
MicroStrategy could hold more than $4B in Bitcoin after latest private offering and crypto purchase
14.6.2021
With the price of Bitcoin moving above $40,000 for the first time in weeks, the company could soon hold more than 100,000 BTC
MicroStrategy nets $1.6 billion in junk bond offering to buy Bitcoin
9.6.2021
The firm initially sought a $400-million bond offering
Crypto Payments App Bottlepay Is Now Available Across Europe
9.6.2021
U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. Bottlepay Promises Low-Cost...
El Salvador Offers No Capital Gains Tax, Permanent Residence to Crypto Entrepreneurs
7.6.2021
Nayib Bukele, president of El Salvador, has weighed in the future of his country now that there is a formal proposal for making Bitcoin a legal tender, announcing complementary measures. Bukele mentioned yesterday on Twitter there would be no capital gains on Bitcoin earnings, and also highlighted...
Popular Philippine Mobile Wallet Gcash Explores Letting Users Buy, Sell, Store Cryptocurrencies
5.6.2021
A popular mobile wallet in the Philippines, Gcash, is considering offering its users the ability to buy, sell, and store cryptocurrencies on its platform, which reportedly has 40 million users. The company’s CEO says 40% of Filipinos now have a Gcash account. Gcash Considers Offering Crypto...
Russian central bank policies stop Tinkoff from offering crypto trading, CEO says
3.6.2021
Russia has officially legalized crypto trading this January but the government still doesn’t allow local banks to offer crypto services
Southeast Asia’s Largest Bank DBS Launches First Security Token Offering on Its Cryptocurrency Exchange
1.6.2021
DBS, Southeast Asia’s largest bank, has launched its first security token offering (STO) on its cryptocurrency exchange. The DBS Digital Bond is priced at 15 million Singapore dollars. “We expect asset tokenization to increasingly become more mainstream,” said a DBS executive....
Singapore’s DBS Bank launches digital bond security token
1.6.2021
Institutional or accredited investors signed up to the DBS Digital Exchange will be able to access secondary markets for DBS’s digital bond
Coincheck crypto exchange announces Japan's first ever IEO
31.5.2021
The Hashpalette token sale on Coincheck is set to become Japan’s maiden initial exchange offering event