Crypto firms failed to deliver ‘promised benefits’ from lawmaker-backed incentives, says nonprofit
“At a minimum, the public should have a say in these crypto handouts,” said the Tech Transparency Project. Go to Source Powered by WPeMatico
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New York financial regulator fines Robinhood’s crypto division $30M
“As its business grew, Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of compliance,” said superintendent Adrienne Harris. Go to Source Powered by WPeMatico
Blockchain.com wins registration next to parent firm on the Cayman Islands
Blockchain.com is working to seek registrations in countries like Italy, France, Spain, The Netherlands and cities like Dubai. Go to Source Powered by WPeMatico
Binance US will delist AMP following SEC claim token is a security
The exchange said all AMP trading will be halted on Aug. 15, adding that it “may resume at some point in the future.” Go to Source Powered by WPeMatico
Ticketmaster scouts productization of enterprise NFTs beyond ticketing
Ticketmaster’s job posting for a product manager of NFT ticketing tooling reveals the company’s intent to roll out NFT-based enterprise products “across all content categories including sports and music.” Go to Source Powered by WPeMatico
Deposits at non-bank entities, including crypto firms, are not insured — FDIC
The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies. Go to Source Powered by WPeMatico
US lawmaker calls for Apple and Google to provide info on fake crypto apps
“Industry shouldn’t be allowed to write the rules that they want to play by,” said Senator Sherrod Brown in calling for U.S. lawmakers and regulators to address crypto scams. Go to Source Powered by WPeMatico
FTC files lawsuit against Meta over attempted monopolization of metaverse
The government watchdog previously filed a lawsuit against the social media giant in 2020 for alleged “anticompetitive conduct” in its acquisitions of WhatsApp and Instagram. Go to Source Powered by WPeMatico
Cathie Wood sells Coinbase shares amid insider trading allegations
Cathie Wood’s investment firm ARK Investment Management is the third-largest shareholder of Coinbase, reportedly holding nearly $9 million as of late June. Go to Source Powered by WPeMatico
Treasury’s OFAC is investigating Kraken for violating US sanctions: Report
More than 1,500 users with residences in Iran reportedly had accounts at Kraken as of June, while 149 users in Syria and 83 in Cuba were also able to access the crypto exchange. Go to Source Powered by WPeMatico