Robinhood’s Crypto Unit Cleared as US SEC Wraps Up Investigation Without Action
The cryptocurrency unit of the American financial services company Robinhood is now in the clear as the Securities and Exchange Commission (SEC) has closed its investigation into the business. According to a blog post by Robinhood, the SEC revealed in…
Robinhood stock dips 8% as CEO Tenev remains bullish on crypto trading
Robinhood’s stock declined on Feb. 25, but chair and CEO Vlad Tenev remains confident. In an interview on “Bloomberg Crypto” with Sonali Basak and Tim Stenovec, Tenev said, “The business has been doing tremendously well.” He pointed to strong fourth-quarter…
SEC acknowledges Grayscale Ethereum ETF staking proposal, decision expected by May
Key Takeaways The SEC is reviewing NYSE Arca’s proposal for staking activities in Grayscale Ethereum Trust ETFs, with a decision before May 26, 2025. The proposal allows the Trusts to stake ether through trusted providers, earning rewards as income without…
Ken Griffin’s Citadel Crypto Securities Enters Crypto Market in Major Shift
Ken Griffins, Founder of Citadel Securities, once called cryptocurrency ‘Jihadist’, yet now the long-awaited crypto securities are here. The long-rumored Citadel Crypto venture has arrived, reshaping the crypto landscape in real-time. Ken Griffin, founder of Citadel Securities, once dismissed cryptocurrency…
DOJ Targets OKX’s Affiliate for Violating AML Regulations, Ignoring US Restrictions
OKX affiliate – Aux Cayes FinTech Co. Ltd – pleaded guilty today to one count of operating an unlicensed money-transmitting business under United States anti-money laundering laws. As part of a settlement with the Department of Justice, the company has…
Uniswap Labs no longer under SEC scrutiny as agency halts enforcement actions
Under President Trump, the U.S. Securities and Exchange Commission has stopped investigating several cryptocurrency and decentralized finance firms, including Coinbase, OpenSea, Robinhood, and now Uniswap Labs. Uniswap Labs, the creator of Ethereum’s most traded decentralized exchange, is no longer facing…
SEC drops Uniswap investigation without enforcement action
Key Takeaways The SEC concluded its Uniswap Labs investigation without taking enforcement action. Uniswap Labs successfully argued that its protocol did not qualify as an exchange under current SEC definitions. Share this article The SEC has ended its investigation into…
Indian Crypto Market To Expand Beyond $15 Billion By 2035 Despite High Taxes
India’s trading volume in cryptocurrencies was approximately $1.9 billion in the fourth quarter of 2024. This is close to twice that of the previous quarter. Due to strict taxation, the cryptocurrency market in India has witnessed a growth spurt in…
April 2024 Flashback? Bitcoin Hash Rate Decline Sparks Mining Concerns
A sudden dip in Bitcoin’s hash rate has sparked discussions within the crypto community. Though fluctuations are not uncommon, the scale of this decline draws comparisons to past major disruptions. What does this mean for miners and network stability in…
Stablecoin bill changes aim to ‘Kill Tether’
A forthcoming stablecoin bill markup could reportedly cut offshore access to U.S. Treasury markets, raising concerns about private interests and impartial lawmaking. Tether CEO Paolo Ardoino publicly shared his views on what he described as an apparent plan to “Kill…
