Robinhood Trading Platform to Pay $3.9M for Crypto-Withdrawal Failure
HOOD's trading platform will pay $3.9 million to settle claims that it failed to let customers withdraw cryptocurrency from their accounts from 2018 to 2022.
HOOD's trading platform will pay $3.9 million to settle claims that it failed to let customers withdraw cryptocurrency from their accounts from 2018 to 2022.
The approval of the bitcoin and Ethereum ETFs could represent a similar change in market to what central banks caused in gold markets post-2022 – a new factor that, at least temporarily, overwhelms traditional narratives, including the “store of value” concept.
The top cryptocurrencies under $1 include XRP, Cardano, and Artificial Superintelligence Alliance.
Bitcoin setting up a washout in both directions as crypto markets are at a critical juncture. Kelly Kellam breaks down key market indicators and what investors should watch as we approach September's Fed rate decision, the election, & price action whipsaw set up to trap traders in both directions.
The company received takeover interest from a potential investor while conducting a Series B funding round.
According to Odaily, the U.S. Commodity Futures Trading Commission (CFTC) reported on Tuesday that Judge Mary Rowland of the U.S. District Court for the Northern District of Illinois has ordered Oregon resident Sam Ikkurty and several associated entities to pay a total of $209.61 million in penalties. The entities involved include Jafia LLC, Ikkurty Capital LLC, Rose City Income Fund I LP, Rose City Income Fund II, and Seneca Ventures LLC. The court's decision follows the CFTC's findings of fraudulent solicitation and misappropriation of funds, which the CFTC described as a Ponzi scheme disguised as cryptocurrency and carbon investment projects. The judgment requires Sam Ikkurty to pay $83.7 million in restitution to investors, offset by $36.9 million in disgorgement of ill-gotten gains, in addition to a civil monetary penalty of $110.9 million.
We have highlighted ETFs from sectors set to explode on supersized Fed rate cut bets.
Robinhood Crypto has reached a $3.9 million settlement with the California Department of Justice following an investigation into its practices regarding cryptocurrency withdrawals.
The onchain analytics platform CryptoQuant has warned of potential weakness in the Bitcoin (BTC) price.
Signs of a cooling labor market last month pushed major U.S. stock averages lower on Thursday, ahead of the highly anticipated August jobs report set for release on Friday. Private sector job creation came in at 99,000 for August, according to ADP data, marking the slowest pace of growth since January 2021 and missing the forecast of 140,000. A stronger-than-expected services sector activity sentiment for August offered some relief to broader recession concerns, but an employment subindex bolste