The world of cryptocurrencies is known for its volatility, and the recent launch of Friend.tech, a decentralized blockchain social network, is no exception. With the $FRIEND token experiencing sudden drops and fluctuations, it is clear that investors in this space need to be prepared for rapid changes in value. The $FRIEND token, which saw a
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Robinhood’s crypto division recently found itself in hot water after receiving a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4th. The notice stemmed from the SEC’s investigation into Robinhood’s cryptocurrency listings, custody of cryptocurrencies, and platform operations, ultimately leading to a recommendation for an enforcement action against the company. Chief
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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
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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
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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
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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
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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
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