Cryptocurrency trading platform Robinhood has agreed to pay up to $3.9 million in settlement fees following complaints filed by customers several years ago. The penalties also include new, stricter conduct requirements. The investigation into Robinhood was prompted by consumer grievances related to questionable practices within its cryptocurrency division. Robinhood to Pay $3.9 Million to Customers
The network’s decision to replace its native token with a new one should typically spark a positive response. However, since Polygon confirmed the September 4 date for migrating its native token MATIC to POL, it has faced a series of problems. User activity has declined, and large holders have steadily offloaded their tokens, putting downward
The US Commodity Futures Trading Commission settled charges with Uniswap early today to the tune of $175,000. Two commissioners, however, say regulators should never have brought the case in the first place. Regulators claim Uniswap “illegally offered leveraged or margined retail commodity transactions in digital assets via a decentralized digital asset trading protocol.” CFTC Commissioner
John Deaton came out on top in a three-way Republican primary Tuesday night, positioning the cryptocurrency advocate and attorney to take on incumbent Massachusetts Senator Elizabeth Warren in November. “Tomorrow, we begin the next phase of the campaign — an effort that will hold Elizabeth Warren accountable for her failures on the border, the unaffordable
Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter . Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: A reminder from a TradFi CEO:
Binance executive Tigran Gambaryan appeared in court for the second time this week on Wednesday. The American, who’s been detained in Nigeria for over six months, faced a hearing on a bail application submitted earlier this week by his lawyers after he appeared in court earlier this week. The prosecutor for Nigeria’s Economic and Financial
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter . Howdy! I made the mistake of going to the 6th Avenue Trader Joe’s right after work yesterday. I thought I’d never make it out of the crush of business casual or yoga gear-clad
Ether futures volumes on CME slipped in August as bitcoin volumes rose. Globally, there has been a shift from alternative cryptocurrencies and into bitcoin. Exchange-traded funds (ETFs) tied to the ether (ETH) price debuted in the U.S. late July, opening doors for investors seeking exposure to the cryptocurrency while bypassing the hassle of storing it.
Robinhood’s crypto-trading subsidiary used to prevent customers from withdrawing the tokens they bought. Though Robinhood Crypto LLC abandoned that policy in 2022, on Wednesday its past practices earned a $3.9 million slap on the wrist from the state of California. The California Department of Justice settled its investigation into what Robinhood’s chief lawyer called “historical
A Coinbase (COIN) executive appears to have misspoken – or been imprecise – when she said Vice President Kamala Harris is accepting crypto donations. Harris “is accepting donations,” Coinbase Chief Financial Officer Alesia Haas said at a Citigroup event Wednesday. Fortune first reported that news. “She’s using Coinbase Commerce now to accept crypto for her