Robinhood Markets, known for its retail trading platform, made headlines when it announced its plans to challenge the US Securities and Exchange Commission (SEC) in court. The firm’s cryptocurrency arm, Robinhood Crypto, received a Wells Notice from the SEC, indicating potential charges for securities violations. CEO Vlad Tenev wasted no time in expressing his dissatisfaction
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The recent report claiming that only a small fraction of French crypto holders have declared their coins to the state has sparked concern within the government. According to the Ministry of Public Action and Accounts, just 150,000 French residents correctly declared their cryptoassets at the end of the past financial year. This is a stark
The CSOP Plus (CSOP+) tournament series hosted by CoinPoker is making waves in the online poker community with its $25 million in guaranteed prize pools. This event, which runs from May 5-26, is a significant upgrade from the previous CSOP Spring tournament that took place last month. With 14-18 daily events spread out over three
Lee Jeong-ryeol, the head of the Seoul Southern District Prosecutors’ Office’s joint crypto investigation unit, recently highlighted the pressing need for courts to deliver swifter justice to crypto offenders. In an interview with the newspaper Hanguk Kyungjae, Lee expressed concern that cases involving cryptocurrency-related crimes are taking too long to process. He emphasized the importance
Baroness Stowell of Beeston recently sent a letter to the UK Secretary of State expressing her concerns over the government’s inadequate efforts in modernizing copyright laws in the face of advancements in generative AI and large language models (LLMs). She emphasized the need for a stronger stance on addressing copyright issues and ensuring fair competition
In a recent announcement, Bitcoin mining firm Riot Platforms revealed a remarkable net income of $211.8 million for the first quarter of 2024. This represents an astonishing 1,000% increase compared to the same period last year, showcasing the company’s significant growth and success in the cryptocurrency mining industry. Revenue Falls Short of Analyst Estimates Despite
Decentralized finance (DeFi) has been a hot topic in the world of cryptocurrency, with various protocols emerging to offer lending services. However, the recent exploit of Pike Finance’s smart contract has brought attention to the vulnerabilities that exist within the DeFi space. The exploit led to the theft of $1.6 million in funds over a
The case of Victoria Jacobs, also known as Bakhrom Talipov, serves as a chilling reminder of the dark side of cryptocurrency. Jacobs was recently sentenced to 18 years in prison by a New York State court jury for funding Syrian terrorism through Bitcoin. The Manhattan District Attorney’s office described her as being “fully immersed in
As April comes to an end, the cryptocurrency industry witnessed a significant decrease in combined losses from hacks and scams, marking the lowest recorded figure in recent times. According to security firm CertiK, only around $25.7 million was lost to exploits, hacks, and scams throughout the month. This data represents a substantial 141% decrease from
In a recent turn of events in the cryptocurrency industry, former Binance CEO Changpeng ‘CZ’ Zhao was sentenced to four months in prison in a Seattle courtroom. This marked a significant moment for both Binance, one of the industry giants, and its influential founder. The sentencing came after Zhao pleaded guilty to money-laundering violations, signaling