Robinhood Receives Wells Notice from U.S SEC
The U.S. SEC has sent Robinhood Markets Inc. a Wells notice alerting it to the possibility of an enforcement action for its cryptocurrency business. According to a regulatory filing submitted on Monday, the SEC’s staff has issued a preliminary determination and recommended that the agency take enforcement action against Robinhood Crypto for its cryptocurrency listings, […]
PayPal Ends Protection for NFT Transactions
PayPal plans to modify its protection measures for NFT transactions, which is a significant departure from how it previously supported the tokens. The payment giant is modifying the terms and conditions page of its Seller Protection Program, stating that as of May 20, Non-Fungible Tokens (NFTs) with a transaction amount of $10,000 or more will […]
Uniswap Nosedives 16% Following Announcement of Wells Notice
Following a legal notice from US regulators, Uniswap’s token, UNI, fell 17% and reached its lowest point since late February at $9.27. The exchange received an official investigation Wells notice from the SEC simultaneously with the most recent decline. According to CoinMarketCap data, the market capitalization of UNI coin had a 17% decline in the […]
Hong Kong Expected to Approve Spot Bitcoin ETFs Mid-April
An important development in the city’s cryptocurrency market is the rumored approval of the spot Bitcoin exchange-traded fund by Hong Kong’s Securities and Futures Commission. According to various sources close to the Hong Kong Securities and Futures Commission, Hong Kong is preparing to approve the first set of spot Bitcoin ETFs in the region by […]
CFTC Commissioner Probes KuCoin Lawsuit Amid SEC Dispute
The CFTC’s Pham critiques the KuCoin case, pointing out a potential SEC jurisdiction dispute and the cryptocurrency regulation issue. Caroline Pham, Commissioner of the Commodity Futures Trading Commission (CFTC), has openly condemned her agency’s enforcement action against KuCoin the cryptocurrency exchange KuCoin. On March 26, the CFTC and the US Department of Justice charged KuCoin with […]