Robinhood Markets has confirmed that it had received an investigative subpoena from the United States Securities Exchange Commission (SEC) over its digital asset business’ crypto listings, custody and platform operations. In a 10-K filing, the brokerage said it received the investigative subpoena in December shortly after crypto exchange FTX filed for…
Ad Author and investigative reporter Annie Jacobsen tackled the questions of whether Bitcoin is part of a counter-cultural dissident movement and whether cryptocurrency been infiltrated by the CIA during a recent episode of the Bankless podcast hosted by Ryan Adams and David Hoffman. While Jacobsen is well known for reporting on…
The United Kingdom’s bank regulator, the Prudential Regulatory Authority (PRA), will propose rules for issuing and holding digital assets, Bank of England (BOE) executive director of the Prudential Policy Directorate Vicky Saporta said in a speech at the bank Feb. 27. The rules will be developed with consideration for Basel…
Ad Binance denied on Feb. 27 that its alleged decision to transfer $1.8 billion of stablecoin collateral to hedge funds had any impact on user holdings. In a statement made to Forbes, Binance chief strategy officer Patrick Hillman strongly implied that user funds were not used to those ends. He…
Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain at the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus. This fuelled investors’ hope for a soft landing and the…
Ad Bitcoin and other risk-on assets are under short-term pressure as the macro narrative flips from recession to sticky, entrenched inflation. Sticky inflation Markets are braced for an imminent recession. However, current macro analysis suggests a recession may not be coming, at least not in the short term. Instead, analysts…
Bitcoin and U.S. equities markets are attempting to recover, but selling at overhead resistance could continue to weigh on the bullish momentum. Source link
Ad Speaking at the InterOp Summit at ETHDenver, Axelar founder Sergey Gorbunov announced the Axelar Virtual Machine to facilitate the growth of the web3 ecosystem utilizing zk-proofs and artificial intelligence. Furthermore, Gorbunov also announced ‘Interchain Maestro,’ an Axelar product that will allow developers to “build once, run everywhere” to connect…
Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain technology, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and others, such as Sebastien Borget, chief operating officer of…
Ad Bank of England official Ben Broadbent has expressed optimism that the proposed UK central bank digital currency “digital pound,” could provide lucrative opportunities for businesses in the region. Earlier on Feb. 7, the Bank of England and the U.K. Treasury announced plans to explore potential use cases of a…