Cryptocurrency

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

(source: en.wikipedia.org)

Fed Enforcements Now Focus on Instant Payments and Tokens
Fed Enforcements Now Focus on Instant Payments and Tokens
August 09, 2024  |  Bank Regulation

A recent enforcement action by the Federal Reserve taken against Customers Bancorp and its Customers Bank subsidiary has taken note of the risks and challenges...

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Robinhood CEO Says Company Responded to SEC Wells Notice
Robinhood CEO Says Company Responded to SEC Wells Notice
August 08, 2024  |  Cryptocurrency

Robinhood Markets reportedly submitted a response to a Securities and Exchange Commission (SEC) Wells Notice that it received in May, which warned the company of...

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FTX and Alameda Pay $12.7 Billion to End CFTC Lawsuit
FTX and Alameda Pay $12.7 Billion to End CFTC Lawsuit
August 08, 2024  |  Legal

FTX and sister company Alameda Research have agreed to pay their creditors $12.7 billion. The agreement, approved Wednesday (Aug. 7) by U.S. District Judge P. Kevin Castel,...

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Robinhood Surfs Meme Stock Wave With Retail and Crypto
Robinhood Surfs Meme Stock Wave With Retail and Crypto
August 07, 2024  |  Earnings

On Monday (Aug. 5), the platform powering 24-7 trading for brokers like Robinhood went offline. The platform, Blue Ocean, is the infrastructure provider responsible for...

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Ripple CEO Hails Court Ruling in Case Brought by SEC
Ripple CEO Hails Court Ruling in Case Brought by SEC
August 07, 2024  |  Cryptocurrency

Blockchain solutions provider Ripple Labs was ordered by a federal judge to pay a civil penalty of $125 million in a case brought by the...

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Ripple Launches Effort to Promote Blockchain Innovation in UAE
Ripple Launches Effort to Promote Blockchain Innovation in UAE
August 07, 2024  |  Blockchain

Blockchain solutions provider Ripple is set to team up with Dubai’s DIFC Innovation Hub. The collaboration is designed to accelerate blockchain and digital assets innovation in the United...

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Cryptocurrency Prices Plunge as Investors Sell Off Risky Assets
Cryptocurrency Prices Plunge as Investors Sell Off Risky Assets
August 05, 2024  |  Cryptocurrency

The cryptocurrency market experienced a significant downturn Sunday and Monday (Aug. 4-5), resulting in a loss of approximately $367 billion in value over a 24-hour...

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Corporate America Moving On-Chain and Regulatory Clarity Propel Coinbase Earnings
Corporate America Moving On-Chain and Regulatory Clarity Propel Coinbase Earnings
August 02, 2024  |  Earnings

The crypto industry is an unpredictable one. For years it has been defined by giant surges in value, as well as equally momentous drops. And...

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DraftKings Shutters NFT Marketplace Amid Legal Headaches
DraftKings Shutters NFT Marketplace Amid Legal Headaches
July 30, 2024  |  Cryptocurrency

Online betting service DraftKings said is closing down its three-year-old non-fungible token (NFT) marketplace. The company announced Tuesday (July 30)  it was shuttering the marketplace,...

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