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Crypto Exchange Kraken Facing SEC Probe, Settlement Could Come Soon: Bloomberg
The SEC is in the late stages of an investigation of the company's possible sale of unregistered securities, according to the story.
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AI Token Search Traffic Spikes as Crypto Traders Seek Exposure
Whether their bravado should extend to crypto is up for debate. Walter Teng, vice president of Digital Asset Strategy at Fundstrat Global Advisors, said in a Twitter message with CoinDesk, “Seems like , boredom, degeneracy, wanting to…
Payments Company Affirm Is Shutting Down Its Crypto Business
During the bull market of 2021, Affirm had joined a number of fintech firms in offering clientele the ability to buy and sell crypto.
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Robinhood’s Crypto Revenue Declined 24% to $39M in Q4
Overall for the fourth quarter, Robinhood posted an adjusted loss of 19 cents a share, ahead of the consensus analyst estimate of a loss of 15 cents a share, according to FactSet, on revenue of $380 million, below the analyst estimate of…
Coinbase's CEO Cites 'Rumors' the SEC May Ban Crypto Staking for Retail Customers
"I hope that's not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen," Brian Armstrong tweeted Wednesday.
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Robinhood Board Authorizes Purchase of Shares Bought by FTX’s Sam Bankman-Fried, Gary Wang
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Crypto Classification Seeks to Make Industry More Welcoming to TradFi Participants
The Global Crypto Classification Standard, for example, categorizes assets on three levels. The first deals with networks and protocols, be they cryptocurrencies (Bitcoin, Monero, etc), smart contract platforms (for example, Ethereum,…
Bitcoin Miner Digihost Completes Controversial Power Plant Acquisition, Doubling Energy Capacity
The Toronto-based firm was able to pay for the plant with cash, so avoided taking on debt or diluting existing shareholders' equity, CEO Michel Amar said in a Wednesday press release. In March 2021, the company said it would pay $4.25…
Binance APAC Head Suggests Full Audit of the Crypto Exchange Isn't Happening Soon: Bloomberg
Finding an auditor for the whole balance sheet is difficult given the complexities of auditing crypto assets due to challenges like price volatility.
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Cloud Mining Firm BitFuFu to Delay SPAC IPO as Appetite for Crypto Stocks Languishes
The firm, part of Bitmain's family of companies, announced it would go public in January 2022 by merging with Arisz Acquisition Corp. (ARIZ). But it has now twice exercised its right to push the merger back by three months, with May 22,…
