Robinhood Crypto, the cryptocurrency arm of brokerage Robinhood Markets, received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) on May 4.The exchange said in a Form 8-K filed today that SEC staff has made a preliminary decision to recommend enforcement action against the cryptocurrency unit alleging securities violations.“After years of good faith efforts with the SEC for regulatory clarity, including the well-publicized ‘come in and register’ attempt, we are disappointed that the agency has decided to issue Wells notices related to its U.S. cryptocurrency operations.” Dan Gallagher, Chief Legal, Compliance and Corporate Affairs Officer at Robinhood Markets,…
Author: Crypto Flexs
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Cryptocurrency has revolutionized the financial world. The emergence of decentralized and borderless transactions has taken the financial sector to the next level.Amid this digital revolution, there is an opportunity waiting to be explored: cryptocurrency futures trading.So what is cryptocurrency futures trading? How do I trade cryptocurrency futures?Cryptocurrency futures trading allows individuals to buy or sell digital assets at a predetermined price on a specific date. This is similar to betting on the future price movements of cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.But futures trading strategies involve more than prediction. This is about leveraging predictions for optimal benefit. It involves…
join us telegram A channel to stay up to date on breaking news coverage Pepe prices are up 3% in the last 24 hours and up 22% in the past week. Traded for $0.00000858 As of 0:15 AM EST, trading volume was down 20% to $721 million. This is because Pepe has risen 34% since the launch of the PEPE permanent feature on Coinbase on April 18th. The PEPE surge coincides with the overall meme coin market surge. That’s because PEPE has surpassed Dogwifhat (WIF) again to become the third meme token traded. Market capitalization. Pepe Price maintains rally on…
London, UK, May 6, 2024, Chainwire GBM Auction (https://gbm.auction), a bid-to-earn auction company, was founded by Dr. Ethereum co-founder and founder of Polkadot and Kusama. We are delighted to announce our historic collaboration event with Gavin Wood. 10th anniversary of the publication of the Ethereum yellow paper and the recent release of the JAM gray white paper. The event will feature three auctions of iconic blockchain memorabilia representing pivotal moments in the world of blockchain technology. The online auction, hosted at https://gavinwood.gbm.auction, is scheduled to start on May 16, 2024, during the ‘Decentralized Lugano’ conference in Switzerland and will run…
We do the research, you get the alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportBitcoin began trading above $65,000 on Monday for the first time in over a week. It has since rebounded slightly, but is still 0.5% higher than this time yesterday.And what was good for Bitcoin was good for the rest of the cryptocurrency market. As of early Monday morning, global cryptocurrency market capitalization was sitting at $2.5 trillion after rising 1.3% over the past day, according to CoinGecko data.As of this writing,…
The recent decline in ETH burns has a direct impact on the deflationary nature of the Ethereum network. On the Ethereum network, the amount of ETH consumed per day has decreased significantly. This resulted in the protocol recording its lowest daily consumption so far this year. To put it in perspective, only 610 ETH were burned on Sunday, May 5, 2024. Although this is the lowest of the year, the significance of the drop can only be seen when compared to the daily amount of ETH burned throughout 2024. The first four months of the year. During the month, the…
Elements of the Payment Stablecoin Act have the potential to benefit American consumers, but critics claim other parts are “unconstitutional.” Republican Cynthia Lummis and Democrat Kirsten Gillibrand have become a bipartisan, pro-crypto player in Congress, leading efforts to provide regulatory clarity for digital assets in the United States. Their recent legislative efforts have focused on stablecoins, and both argue that a well-defined framework is needed to protect consumers and ensure the dollar maintains its dominant position as digital payments continue to gain momentum. I did. One of the most important proposals of the Lummis-Gillibrand Payment Stablecoin Act is to completely…
EigenLayer is a protocol that aims to utilize staked Ethereum. Ethereum ETH +0.50% Validators secure third-party protocols through a process called re-staking. It is designed to provide secure services built on top of the framework, and nodes are expected to receive payment for their services.EigenLayer seeks to leverage the economic security provided by Ethereum’s roughly $380 billion market capitalization.Economic security is the value of the financial resources required to take down a network. For example, to compromise the Ethereum network, the largest proof-of-stake chain, an attacker would need to control at least half of the stake value (more than $190…
A closely watched cryptocurrency analyst says it is time for altcoins to rebound and predicts one blue-chip memecoin will be the main beneficiary. Household name analyst Rekt Capital told his 461,000 followers on social media platform According to his chart, analysts appear to have initially targeted the $315 billion level and ultimately reached previous highs near $425 billion. “Altcoin market caps are still holding support at the $250 billion level and are positioned to advance through the dark path to the upside in the future.” source: Rect Capital/X Looking at specific altcoins, Rekt Capital reports that Dogecoin (DOGE) has officially…
At MicroStrategy’s recent Bitcoin for Enterprise event, Neel Maitra, a partner at Dechert and a seasoned former fintech and cryptocurrency expert at the SEC, discussed the judicial issues currently tying up cryptocurrency regulation, with a special focus on the ongoing Ripple lawsuit. The complexities were explained in depth. . His insights are particularly noteworthy given his extensive background in regulatory and private legal practice, including his time at Sullivan & Cromwell. Ripple Vs. Samsung Electronics ‘inevitable’ second tour? Speaking on the Law and Regulation panel, Maitra discussed various judicial opinions on how to legally classify secondary transactions in cryptocurrencies such…