The SEC order found that Robinhood Securities LLC and Robinhood Financial LLC violated more than 10 separate securities law provisions.
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Ripple’s RLUSD stablecoin is set for its trading debut on Dec. 17 on platforms including Uphold, MoonPay, Archax and CoinMENA, the company said.
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To build its blockchain-based trading platform, 21X has been working with several partners, including Polygon and SBI Digital Markets.
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The objective of Cycles is to “clear the most debt for the most people with the least money,” Informal Systems’ CEO Ethan Buchman said.
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Crypto derivatives exchange Bitnomial is set to launch its U.S. perpetual futures trading platform, Botanical, backed by a $25 million round led by Ripple. The platform, integrating Ripple’s stablecoin RLUSD, aims to challenge decentralized exchanges and offshore models. Bitnomial’s approach to bringing offshore trading models into the U.S. derivatives industry presents a significant market opportunity, […]
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In 2022, the Avalanche Foundation sold 1.97 million AVAX worth $100 million at the time to Terra’s foundation before its collapse. It’s now buying it all back for $45.5 million.
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After over a year of negotiations, the Washington State Department of Financial Institutions (DFI) has joined a multi-state settlement agreement with GS Partners. Accused of violations under Washington’s Securities Act, the case centers on GS Partners’ Metacertificates and a multi-level marketing scheme. Investors can now submit claims through a newly established portal, opening in November […]
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The SEC alleged that Rimar LLC’s executives overstated the AI capabilites of
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Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with Paypal partnering with Ernst & Young LLP. Paypal Completes First PYUSD Stablecoin Business Transaction Paypal Holdings Inc. has completed its first […]
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Boerse Stuttgart Group (BSG) successfully tested blockchain-based securities settlement, reducing transaction time from two days to minutes. The tests, part of the European Central Bank’s (ECB) explorations, demonstrated significant progress in digital capital markets. German banking giants participated, with Commerzbank and Deutsche Bank among them. BSG’s Matthias Voelkel, highlighted blockchain’s potential as a game changer […]
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