Author: Sritanshu Sinha
United States Source: CryptoNewsZ
Sep 06, 2024 03:00
Coinbase CLO: Trump & Harris Consult Crypto Industry Leaders for Policies
Former President Donald Trump and current Vice President Kamala Harris are in a heated race to win the…
View DetailsAuthor: Ronaldo Marquez
United Kingdom Source: NewsBTC
Sep 06, 2024 12:05
DOJ Penalizes Robinhood $3.9 Million For Past Crypto Withdrawal Restrictions
Crypto trading platform Robinhood has reached a $3.9 million settlement with the California Department of Justice (DOJ), following an investigation into its alleged failure to allow customers to withdraw their cryptocurrency from 2018 to 2022. The investigation was prompted by numerous consumer complaints regarding Robinhood’s practices, particularly its handling of cryptocurrency withdrawals and trading. Alleged Violations And Settlement Revealed According to the DOJ, Robinhood violated the California Commodities Law (CCL) by enabling customers to purchase cryptocurrencies without delivering these assets to them, effectively selling commodities contracts without adhering to legal requirements. Related Reading: Crypto Analyst Says The Bitcoin Summer Chop Is Nearing Its End, Heres Why During the specified period, customers could not withdraw their cryptocurrencies and were forced to sell their holdings back to Robinhood to exit the platform. California Attorney General Rob Bonta stated: This settlement should send a strong message: Whether you’re a brick-and-mortar store or a cryptocurrency company, you must adhere to California’s consumer and investor protection laws. The investigation alleged that Robinhood misled customers about its trading practices. The DOJ claims that the platform promoted itself as connecting users to multiple trading venues to ensure competitive pricing, but the DOJ found that this was not consistently accurate. Additionally, Robinhood claimed that it held all customer-owned cryptocurrencies, failing to disclose instances where third-party trading venues held these assets for extended periods. Robinhood Measures Post-Settlement As part of the settlement, Robinhood has agreed to several measures aimed at improving transparency and customer trust. Customers will now be permitted to withdraw their cryptocurrency assets to their own wallets. Additionally, Robinhood must ensure that its written communications accurately reflect its actual trading and order handling practices. The company will also provide clear information regarding its custody of cryptocurrencies. Related Reading: XRP Rides High As Major Japanese Exchange Adds SupportDetails Lastly, Robinhood is required to report any incidents that result in settlement delays exceeding one week to the California Department of Justice. Featured image from DALL-E, chart from TradingView.com
View DetailsAuthor: Cointelegraph by Pradipta Mukherjee
United States Source: Cointelegraph.com News
Sep 06, 2024 12:00
Over 600 Bitcoin ATMs went offline globally in 2 months
Law enforcement authorities are proactively seeking out and closing Bitcoin ATMs that are frequently involved in extortion and scams.
View DetailsAuthor: Florence Muchai
United States Source: CryptoNewsZ
Sep 05, 2024 03:00
Russia Begins a Trial of Cross-Border Payment Using Crypto
The war between Russia and Ukraine has entered its third year. During this time, Western allies in Ukraine…
View DetailsAuthor: Cointelegraph by Josh O'Sullivan
United States Source: Cointelegraph.com News
Oct 01, 2024 12:00
FTX creditors to receive only 1025% of their crypto back, CZ walks free: Law Decoded
Taiwans FSC opens investment channels for professional investors, allowing access to high-risk foreign digital asset ETFs while maintaining a cautious stance on market risks.
View DetailsAuthor: Nidhi Kolhapur
United States Source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
Oct 01, 2024 01:35
Ohio Senator Suggests Normalising Use Of Crypto, Introduces Bill To Legalise Crypto Payments
In a latest development, Niraj Antani, a State Senator in Ohio, has introduced a Bill that, if passed, would legalize crypto payments in the State. With a few months to the Presidential election, it remains unknown how State lawmakers will approach this new Bill and proposal. TODAY: I introduced a bill the legalize the use …
View DetailsAuthor: Nidhi Kolhapur
United States Source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
Oct 01, 2024 01:35
Bithumb Crypto Exchange Aims For A Nasdaq Listing As It Seeks Global Expansion
Bithumb, one of South Koreas largest crypto exchanges is considering a listing on the U.S. Nasdaq, the company told at a temporary shareholders’ meeting held on the 30th, according to Korea Economic Daily. Bithumb IPO Coming Up In late 2023, the exchange was reportedly planning to go public by listing its shares on Kosdaq, the …
View DetailsAuthor: Cointelegraph by Josh O'Sullivan
United States Source: Cointelegraph.com News
Oct 01, 2024 12:00
Taiwan opens digital asset ETF market to professional investors
Taiwans FSC opens investment channels for professional investors, allowing access to high-risk foreign digital asset ETFs while maintaining a cautious stance on market risks.
View DetailsAuthor: Niharika Deshpande
United States Source: CryptoNewsZ
Sep 04, 2024 03:00
SEC Charges Galois Capital for Crypto Safeguard Failures
The U.S. Securities and Exchange Commission (SEC) charged Galois Capital Management LLC, a Florida-based crypto-focused advisory firm, with…
View DetailsAuthor: Nidhi Kolhapur
United States Source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
Sep 30, 2024 01:35
Could China Lift Its Crypto Ban? Ex-Minister Calls for Fresh Review
The former Chinese finance minister, Lou Jiwei has encouraged China to closely examine the advancements in cryptocurrency, during a speech at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing. The ex-government official highlighted the potential risks crypto poses to financial stability, including volatility and money laundering. He also remarked the United States diverting stance …
View DetailsAuthor: Nidhi Kolhapur
United States Source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
Sep 27, 2024 01:35
Gary Gensler Claims Crypto Regulations Exist, Affirms BTC Is NOT A Security
SEC Chair Gary Gensler during an interview on CNBC mentioned that crypto regulations exist in the United States. He noted that many firms profited from the publics interest in crypto without proper disclosures. He claimed that stakeholders in the crypto industry do not like these regulations, which is why they claim they do not exist. …
View DetailsHong Kong Source: Blockchain News
Sep 27, 2024 02:15
Binance to Remove Turkish Language Option Amid Regulatory Changes
Binance announces the removal of the Turkish language option from its website and app from September 27, 2024, to comply with new regulations in Türkiye. (Read More)
Author: Cointelegraph by Savannah Fortis
United States Source: Cointelegraph.com News
Sep 26, 2024 12:00
Kosovo receives guidance from Council of Europe on crypto crime tracing
Kosovos Financial Intelligence Unit partners with the Council of Europe to improve crypto crime tracing skills and strengthen regulations on digital currencies.
View DetailsAuthor: Cointelegraph by Zoltan Vardai
United States Source: Cointelegraph.com News
Sep 26, 2024 12:00
Societe Generale Forge partners with Bitpanda for euro stablecoin ahead of MiCA
The partnership comes shortly ahead of the implementation of the MiCA regulatory framework for crypto service providers.
View DetailsAuthor: Cointelegraph by Derek Andersen
United States Source: Cointelegraph.com News
Sep 25, 2024 12:00
BNY nears crypto custody for ETFs after SEC softens SAB 121 stance
Bank of New York Mellon will not be held to SEC accounting practices for client crypto custody after a review.
View DetailsAuthor: Cointelegraph by Savannah Fortis
United States Source: Cointelegraph.com News
Sep 25, 2024 12:00
Ireland eyes MiCA guardrails to democratize finance with crypto
The Central Bank of Ireland is leading calls to democratize finance and boost financial inclusivity by implementing the EUs MiCA regulations, highlighting the countrys priorities.
View DetailsAuthor: Cointelegraph by Martin Young
United States Source: Cointelegraph.com News
Sep 25, 2024 12:00
Court questions SECs vacuous denial of Coinbase rulemaking petition
In 2022, Coinbase asked the SEC to propose and adopt rules to govern crypto, including clarification of which crypto assets are securities.
View DetailsAuthor: Zameer Attar
United States Source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
Sep 25, 2024 01:35
Waters Criticizes SECs Crypto Rules, Calls for Year-End Stablecoin Bill
In the ongoing development to regulate stablecoin issuers, on September 24, 2024, United States Representative Maxine Waters, the House Financial Services Committee, urged the Securities and Exchange Commission to finalize the bill by the end of this year. Additionally, Waters noted to the committees chairman Patrick McHenry, “I want us to strike a grand bargain …
View DetailsAuthor: Nidhi Kolhapur
United States Source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
Sep 25, 2024 01:35
SEC Commissioner Criticizes SEC For Not Admitting That Crypto Tokens Are Not Securities
In a latest development, SEC Commissioner Hester Peirce, known as Crypto Mom in the community, criticized the SEC for not confessing sooner that crypto tokens are not securities by default. While speaking at the Practising Law Institutes SEC Speaks conference in Washington, D.C., she stressed the negative effects SECs regulatory ambiguity is having on the …
View DetailsAuthor: Nidhi Kolhapur
United States Source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
Sep 23, 2024 01:35
Crypto Policy: Harris Accepts CNN Offer For A Second Debate With Trump
United States Vice President Kamala Harris has accepted CNNs offer for a second presidential debate with former US President Donald Trump on 23 October as she expressed in a latest tweet and hopes that Donald Trump will join her on the stage. Kamala Harris campaign manager Jen OMalley Dillon told the reporters that the voters …
View Details May 23, 2025 05:10 Worldcoin Jumps 10% After World Foundation Raises $135M Through Early Backers May 23, 2025 05:10 Michael Saylors Strategy (MSTR) Opens $2.1B ATM Program for Strife Preferred Stock May 23, 2025 05:10 Despite Record Prices, Bitcoin Selling Pressure Craters as Investors Hold Firm, Cryptoquant Reports May 23, 2025 04:25 Bitcoin Overtakes Amazon in Total Market Cap, as Supporters Eye even Bigger Targets... May 23, 2025 04:20 Ethereum (ETH) Price Prediction 2025, 2026-2030 May 23, 2025 04:20 Best Cryptos To Invest in for Huge Returns In 2025: Solana, Cardano, Unilabs May 23, 2025 04:20 The Rise of AI-Integrated Cryptocurrencies May 23, 2025 04:20 Unilabs Finance Hits $800,000 After Referral System Launch, While Litecoin and Cardano Explode May 23, 2025 04:20 U.S. Senate Advances GENIUS Act: A Game-Changer for Stablecoin Regulation May 23, 2025 04:20 Bitcoin (BTC) Price Prediction 2025, 2026-2030