A major mobile-based cryptocurrency trading platform, Robinhood has once again found itself drowning in the hot waters. The situation does not look good for the crypto-trading application as its revenues could be seen dropping as shown in the Q4 2022 report. Robinhood’s Fourth Quarter Revenue Report Robinhood officials recently shared information for the fourth quarter…
Coin Cloud has just made an announcement that is no less than a shocker for the crypto communities based in the US and Brazil. The company has announced that it had filed for bankruptcy. It comes as a huge surprise for the cryptocurrency industry that the firm filed for bankruptcy back on January 8. However,…
The crypto market has seen quite a fortunate time since the beginning of 2023. Right from the start, the crypto market sentiments have remained in the bullish zone. The bullish rallies have impacted not only the likes of Bitcoin (BTC), Litecoin (LTC), or Ether (ETH) but also several major altcoins. Among these tokens is Cardano…
A new court filing shows that liquidators overseeing the bankruptcy proceedings of crypto hedge funds Three Arrows Capital (3AC) have requested the judge to compel the company’s co-founder to cooperate. According to the liquidators, Kyle Davies has information in his possession that he continues to withhold and they said that the information is necessary for…
Early morning on Monday, earthquakes of huge magnitudes hit Turkey and Syria, which resulted in a great deal of destruction. This has prompted a number of crypto companies to make donations for aiding the victims, which have now been valued at $9 million. Some of the prominent crypto companies that made the donations included Kucoin,…
On Monday, officials disclosed that Britain is moving forward with work on a potential digital pound, which could come into use in the second half of this decade. This would also help in preventing the electronic cash system from becoming fragmented, as it has already become dominated by banking and tech giants. CBDC The finance…
Binance has just dropped very alarming news on the users revealing that the deposits for the US dollar will be put on hold. Even the same halt has been implemented on the withdrawals for the US dollar. The latest update confirms that the deposits and withdrawals in the US dollar have been halted by the…
An investor from Bulgaria lost a huge amount of money to fraudsters, believing that he was making investments in cryptocurrency. A call center was used for running the scam, which is become a very popular scheme for exploiting money from victims who are attracted by the promise of high and quick profits on crypto and…
Today proved to be a good and promising day for meme coin lovers, especially for the Shiba Inu and Dogecoin supporters. This is because the trading price of SHIB and DOGE has surged significantly in today’s session. The investors did not lose their confidence and continued spending money on the asset. They have continued with…
The conflict is still ongoing between two major cryptocurrency exchanges; Zanmai and Binance. Zanmai is the operator of WazirX, which is the largest cryptocurrency exchange based in India. It’s been a while since the conflict has been ongoing between both entities and the heat is constantly growing. Binance Bans WazirX Just recently, a blog post…
An increasing chorus of regulators is demanding the appointment of an independent examiner to assess the financial statements, or their absence, in the bankruptcy proceedings of the FTX crypto exchange. Writing on behalf of Ken Paxton, the Texas Attorney General, lawyer Roma Desai said that Texas, like other federal and state regulators, was currently conducting…
A new lawsuit has been filed by trading company Alameda Research against Voyager Digital for recovering funds of about $445.8 million. Alameda Research was founded in 2017 by the co-founder of the FTX crypto exchange, Sam Bankman-Fried. In November 2022, a day before FTX filed for bankruptcy, it emerged that the crypto exchange had lent…
