The New York State Department of Financial Services (NYDFS) imposed a $30 million fine on the crypto trading unit of Robinhood on Aug. 2. The fine is due to an alleged violation of cybersecurity and a...
Tag: Crypto
Majority of US Adults With Income of $50,000 or Less Sold Crypto Holdings During Market Collapse: New Study
A new study shows that US crypto investors falling in the lowest income bracket were the primary group of sellers during the market rout witnessed in recent weeks. The study conducted by consumer insi...
Co-founder of Cardano Charles Hoskinson helps the crypto community
Cardano’s co-founder is helping the crypto community by educating the audience Cardano is more beneficial than Bitcoin- Hoskinson Charles Hoskinson gives his best to help and develop the crypto commun...
Robinhood Crypto fined $30 million by NYDFS
The New York State Department of Financial Services (NYDFS) has imposed a $30 million fine on Robinhood Crypto, the digital assets trading arm of Robinhood Markets Inc. (NASDAQ: HOOD), the regulator s...
Crypto Exchange Luno Wins Regulator Registration in France
“Prior to registration, we could only offer our services to French customers on a reverse solicitation basis,” Luno’s global head of public policy, Thomas Tudehope, told CoinDesk. &#...
SEC Charges 11 Fraudsters in $300M Crypto Ponzi Scheme
The US SEC notes that Forsage was running a standard pyramid scheme and earned profits by recruiting others. On Monday, August 1, the US Securities and Exchange Commission (SEC) filed a civil complain...
Robinhood Crypto Handed $30M Fine by New York Regulator: WSJ
Share this article The New York State Department of Financial Services has reportedly issued Robinhood Crypto with a $30 million fine. It’s the first time the financial regulator has fined a crypto-fo...
For Crypto Customers, a Long Battle Ahead in Bankruptcy
Millions of customers of crypto platforms Voyager Digital Holdings Inc. and Celsius Network LLC have been thrust into a potentially long and painful battle in bankruptcy trying to retrieve their money...
Robinhood Crypto fined $30 million for alleged anti-money-laundering violations
In its first crypto-related enforcement action, the New York State Department of Financial Services (NYDFS) levied a fine of $30 million on the cryptocurrency trading subsidiary of online brokerage Ro...
Four Men in India Charged with Running Crypto Scam
Four men in India have been indicted for potentially running a crypto scam. The individuals are believed to have promoted a fake loan-conversion firm that potentially secured online loans and converte...
Kim Kardashian’s legal team files motion to dismiss EthereumMax crypto lawsuit
Kim Kardashian’s legal team has filed a motion to set aside a class-action complaint aimed at the businesswoman and other American celebrities. Kardashian and a handful of other prominent American soc...
SEC Busted Alleged Crypto Ponzi Scheme Worth 300mn USD
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US Department Of Justice Sends Two Orange County Men To Jail For Crypto Scam Involving 2k Investors
– Advertisement – Two men from Orange County have been sentenced to jail time for a crypto scam that resulted in $1.9 million in losses. Yesterday, the Justice Department announced that ...
Singapore’s watchdog urges financial firms to ‘discourage’ retail crypto trading
Despite the cryptocurrency sector growing exponentially, financial authorities and regulators in some countries remain skeptical of assets such as Bitcoin (BTC), including in Singapore, where the city...
New York AG seeks crypto whistleblowers and ‘deceived’ investors
Crypto industry workers in New York who witnessed misconduct within their companies should file a whistleblower complaint, New York State Attorney General Tish James announced on Monday. James issued...
SEC Charges 11 Individuals in $300M Crypto Ponzi Scheme Forsage – crypto.news
The SEC has filed charges against the team behind Forsage, alleging that they ran a crypto pyramid and Ponzi scheme, which may have resulted in losses for investors totaling more than $300 million glo...
Here’s How Nomad Bridge Lost $190M In Another High-Profile Crypto Exploits
On August 2, Nomad bridge hinted that it was aware of the on-going exploit. Hours later came the news that the complete protocol’s funds of over $190 Million were washed off. For the uninitiated, Noma...
Terra LUNA retakes top spot of most trending crypto as traders bet on price rise
Volatility to crypto traders is nothing new, and the turbulence for the Terra (LUNA) ecosystem and its subsequent relaunch as LUNA 2.0 in the last couple of months has not been favorable. Despite the ...
Crypto Exchange Huobi Can Now Operate in Australia
Huobi has been persistently trying to develop and grow its international influence all around the world. Huobi, a Seychelles-based cryptocurrency exchange, has recently bagged trading rights in Austra...
Crypto Investors Actively Sign Petition to Remove Gary Gensler as Chairman of SEC
Gamza Khanzadaev 20,000 crypto investors want SEC chairman’s resignation, according to this initiative It seems that the crypto community’s patience has come to an end with a new initiativ...
Hackers drain nearly $200 million from crypto startup Nomad
Billions of dollars of value have been wiped off the cryptocurrency market in recent months. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and...
Play-to-Earn Gaming Sweeps the Crypto Space
Play-to-Earn games have gained tremendous popularity in recent years. The gaming community got hooked to it primarily due to the thrill associated with the games and the lucrative awards. If you look ...
Celebrity crypto endorsements gone wrong; Where are they now?
Although the cryptocurrency market is slowly starting its road to recovery after the rout it went through in recent months, millions of traders are still suffering from its catastrophic effects, some ...
Billionaire Steve Cohen Removes Investment from Crypto Startup Radkl
Billionaire Steve Cohen has removed his investment from cryptocurrency trading startup Radkl. Prior to the hedge fund billionaire’s exit, the trading firm had already lost at least two managing ...
Billionaire Steve Cohen Ditches Crypto Startup Radkl: Report
Cohen backed Radkl in a personal capacity, not via Point72 The proprietary crypto trading firm launched in September last year by partners at GTS Billionaire hedge fund manager Steve Cohen is no longe...
SEC Accuses 11 People for Promoting Crypto Pyramid Scheme
43 mins ago | 2 mins read Editors News Forsage has collected $ 300 million from millions of investors around the world. The website already has allegations in the Philippines and Montana. The U.S Secu...
New York Attorney General Issues Call for Crypto Industry Whistleblowers
New Yorkers let down by crypto platforms are encouraged to contact the Attorney General’s office “Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money,” ...
New York urges crypto market crash victims to speak out
New York’s Attorney General Letitia James has urged victims of the recent crypto market crash to contact her office. The investor alert asked those who believe they have been deceived or locked out of...
England and Wales Law Commissions Propose Recognizing Crypto as a New Type of Property
The Law Commission of England and Wales put out a consultation paper that proposes creating a new form of property for conferring legal rights to cryptocurrencies et al. The commission believes that t...