Crypto platform Bakkt drops Cardano, Polygon, Solana as SEC scrutiny intensifies

Bakkt is the latest U.S.-based crypto platform to delist Cardano, Polygon, and Solana because of the recent regulatory uncertainty surrounding these assets, Fortune reported on June 16. Bakkt’s general counsel and secretary Marc D’Annunzio reportedly said: “[Bakkt is taking this measure] until there is further clarity on how to compliantly offer a more extensive list…

NYDFS slams Robinhood’s crypto unit with $30M fine

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 anti-money laundering regulations. According to the regulator, the Bank Secrecy Act and anti-money-laundering compliance programs at Robinhood were “insufficiently staffed.” Adrienne A….

Robinhood stock surges after SBF acquires 7.6% stake in retail trading giant

Sam Bankman-Fried, the founder of FTX and Alameda Research, has acquired a 7.6% stake in Robinhood. SBF’s acquisition triggered an aggressive market response, with Robinhood’s shares jumping as much as 36% in extended trading. And while prices have pulled back since Thursday evening, they’re still up around 25%. Struggling Robinhood stocks see surge after SBF’s…

Crypto trading addicts pay $90k to treat “addiction”

Treatment Centers worldwide are now considering crypto trading as an addiction, with some offering to treat the “ailment” for as high as $90,000, Bloomberg reported. The report revealed that many people now consider cryptocurrency trading addictive and are seeking help for it, with some going as far as comparing their addiction to gambling. According to…

New Coinbase feature allows Bitcoin as collateral for up to $1 million cash loan

Coinbase users can now borrow up to $1 million in cash using their Bitcoin as collateral, this information was revealed via the crypto exchange’s official Twitter handle. Coinbase users can borrow as much $1million in cash With this new feature, Coinbase customers in some selected states in the United States would be able to take…

Over 400,000 people want Robinhood to list Shiba Inu (SHIB)

Shiba Inu’s recent price surge has led thousands of the supporters of the meme coin to petition Robinhood to list the asset on its trading platform. Traders pressuring Robinhood to list Shiba Inu Available information on Change.org has shown that over 400,000 people have signed the petition to see the coin listed on Robinhood. As…

Reddit playground Robinhood to launch crypto recurring investment option

‘Dogenations’ campaign wants to raise Shiba Inu-inspired Dogecoin for homeless animals PAWS Chicago, a non-profit animal shelter organization dedicated to building no-kill animal communities, recently launched “Dogenations” and started accepting Dogecoin (DOGE),  Bitcoin (BTC), Ethereum (ETH), and 36 other cryptocurrencies for donations. 2 min read →