Cincinnati Robinhood’s cryptocurrency division could soon be in trouble with the Securities and Exchange Commission. In an 8-K filing submitted on Saturday, Robinhood revealed that it received a Wells notice from the SEC’s staff recommending the agency take action against the trading platform for alleged securities violations. Robinhood says it received the Wells notice after...
Ohio The once-booming cryptocurrency market seems to be entering a period of far more volatility than usual. Major cryptocurrencies like $BTC and $ETH have dropped in price (12% and 11% month to date, respectively) despite the recent Bitcoin halving, which historically had a positive effect on the market. This decline coincides with a broader market...
Cybersecurity The fight between the US Securities and Exchanges Commission (SEC) and crypto has intensified, with Consensys suing the regulator in a Texas federal court. According to the Thursday filing, Consensys, a major Ethereum supporter, wants the court to declare ETH non-security. The complaint comes as a means to intercept an impending SEC lawsuit against...
Cincinnati The US securities watchdog, SEC, recently adopted a new rule, significantly expanding the definition of “dealer” under the Securities Exchange Act. This change potentially captures a wide range of market participants who have never been considered dealers before. The new rule focuses on the post-effects of trading activity, departing from the traditional customer-facing approach. This...
Ohio Popular crypto analyst Michael van de Poppe shared his predictions on Bitcoin performance as the halving approaches. According to the analyst, BTC will likely consolidate at its current price to support levels around $51,000 and $46,000 as the altcoin bottom forms. The period of boredom for #Bitcoin, which is eager to consolidate here. Overall,...
Ohio Image: Midjourney The U.S. Department of Justice has announced the arrest and indictment of Charles O. Parks III, known as “CP3O,” for allegedly renting large numbers of cloud servers to conduct crypto mining and then skipping out on paying the bills. The DOJ explains that the defendant created a unique scheme that utilized $3.5...
Cincinnati An analysis performed on behalf of WIRED by crypto auditing company Hacken identified red flags in the token’s underlying code that might in some circumstances betray a scam. Those included the absence of a function that prevents the issuer from stealing away with the pool of tokens set aside to make trading on the...
Cybersecurity The defense attempted to draw a distinction between the failure of Terraform’s crypto assets, whose risk profile it implied was well understood by investors, and the acts of fraud alleged by the SEC. “Failure doesn’t equal fraud,” David Patton, attorney to Kwon, reportedly told the courtroom in his opening statement. The defense also sought...
Cybersecurity Foul Play — Crypto and other investment app scams promoted on YouTube targeted 100K users. Ashley Belanger – Apr 4, 2024 5:48 pm UTC Google has sued two app developers based in China over an alleged scheme targeting 100,000 users globally over four years with at least 87 fraudulent cryptocurrency and other investor apps...
Cybersecurity Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Andre Outbertg, the owner of the 150k+ Telegram channel Crypto Whale Pump, shared four presales he’s invested in. Among them, Bitcoin Minetrix (BTCMTX) stands out...