Robinhood Markets Inc. has found itself in hot water with the Securities and Exchange Commission (SEC) as the latest crypto trading platform to receive a notice of potential legal action. The SEC disclosed a “preliminary determination” to recommend filing a lawsuit against Robinhood for alleged violations of Sections 15(a) and 17A of the Securities Exchange
In recent years, there has been a significant buzz around metaverse commerce, a rising trend where physical products are sold through virtual platforms. This concept has garnered even more attention with the recent announcement from retail giant Walmart to venture into selling products on the popular gaming platform, Roblox. Before we dive into Walmart’s strategic
The use of artificial intelligence (AI) in detecting money laundering within the realm of Bitcoin transactions has seen progress, according to the blockchain analytics company Elliptic. Collaborating with researchers from the MIT-IBM Watson AI Lab, Elliptic detailed their findings in a recent paper on leveraging deep learning models for this purpose. The successful identification of
The rise of meme coins in the crypto industry has sparked concerns among industry players like Chris Dixon from Andreessen Horowitz. Dixon questions the US regulatory system and why meme coins are thriving while other cryptocurrency companies and blockchain tokens with practical applications face regulatory hurdles. He highlights the absurdity of a system that allows
Cardano founder Charles Hoskinson recently sparked speculation about a potential partnership with Bitcoin Cash (BCH). In a poll posted on X on May 4, Hoskinson sought feedback on the idea of Cardano teaming up with Bitcoin Cash to enhance its performance through innovative technologies such as proof of useful work (PoUW), non-interactive proofs of proof-of-work
Cardano (ADA) is currently experiencing a lackluster price action, but analyst Ali Martinez believes that the cryptocurrency might be gearing up for a parabolic run. Martinez conducted an in-depth price analysis and shared his findings on a social media platform. He pointed out that the current price formation of ADA is displaying signs of a
Recently, six Coinbase customers initiated a class-action lawsuit against the crypto exchange Coinbase Global. The lawsuit targets not only Coinbase Global but also two of its subsidiaries and its CEO, Brian Armstrong. The plaintiffs claim that the digital assets available on Coinbase are actually securities, which raises significant legal concerns. The lawsuit alleges that tokens
Bitcoin has once again displayed its resilience by bouncing back above the $60,000 zone after a noticeable decline in its price. Market expert Peter Brandt has expressed confidence in Bitcoin’s potential by predicting that it could reach a six-figure digit value by 2025. Brandt, who has been involved in futures markets trading for 50 years,
The Crypto research platform, 10x Research, recently highlighted a significant increase in Bitcoin’s Relative Strength to 40%, sparking discussions within the crypto community about potential future movements for the flagship cryptocurrency. The platform’s newsletter titled “Fake Dip?” brought attention to the historical pattern of Bitcoin experiencing potential rallies whenever its Relative Strength Index (RSI) drops
In recent news, Alexander Vinnik, a Russian national, admitted guilt to money laundering conspiracy charges in the United States. Vinnik was the mastermind behind the infamous crypto exchange BTC-e, which was a prominent player in the cryptocurrency world between 2011 and 2017. Prosecutors revealed that BTC-e processed a staggering $9 billion in transactions and had
