Bitcoin is becoming a yield-generating asset, thanks to new token standards like Runes, which may only be a stepping stone for Bitcoin DeFi. Source: https://cointelegraph.com/news/evolution-bitcoin-defi-runes-btcfi
Month: May 2024
Robinhood Crypto Says SEC Has ‘Weak’ Case in Response to Wells Notice
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Robinhood Crypto, the digital assets arm of the popular stock trading app, said Monday that it had received a Wells Notice from the Securities and Exchange…
SEC Issues Wells Notice to Robinhood Over Crypto Operations
A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement Against Robinhood’s Crypto Ventures, Company Says It Is Cooperating The staff […] Source: https://news.bitcoin.com/sec-issues-wells-notice-to-robinhood-over-crypto-operations/
STYLE Protocol Building to Empower Gamers Closes $2.5M Seed and Lists Token on Major Exchanges
PRESS RELEASE. MAY 6, 2024 — Switzerland. STYLE Protocol, which transforms NFTs into 3D assets that can be used in any game or metaverse, has listed its native utility token on major exchanges. The cutting-edge digital asset — $STYLE — made its debut on Bitget and MEXC, and is also available on the decentralized exchange […] Source: https://news.bitcoin.com/style-protocol-building-to-empower-gamers-closes-2-5m-seed-and-lists-token-on-major-exchanges/
Mango Markets DAO buyback plan leads to accusations of ‘self-dealing’
Mango DAO used treasury funds to compensate hack victims through a buyback program, but critics claim it was done to benefit an FTX estate buyer. Source: https://cointelegraph.com/news/mango-markets-dao-buyback-plan-leads-to-accusations-of-self-dealing
First Bitcoin-backed synthetic dollar to launch with 25% yield
USDh is the first Bitcoin-native synthetic dollar with yield-generating capabilities. Is the 25% yield sustainable? Source: https://cointelegraph.com/news/hermetica-usdh-bitcoin-backed-synthetic-dollar
Robinhood crypto business slapped with SEC Wells Notice
The SEC is planning to file an “enforcement action” against Robinhood’s cryptocurrency business, according to the Wells Notice. Source: https://cointelegraph.com/news/robinhood-crypto-business-sec-wells-notice
Ethereum Technical Analysis: ETH Bulls Maintain Drive Amid Fluctuations and Uncertainty
As ethereum trades at $3,135, technical indicators present a nuanced picture for traders. Oscillators largely suggest neutrality with a mix of bullish signals, while moving averages indicate a balance of both positive and negative signals across different time frames. Ethereum Ethereum’s current price is around $3,135 per unit, with an intraday range between $3,116 and […] Source: https://news.bitcoin.com/ethereum-technical-analysis-eth-bulls-maintain-drive-amid-fluctuations-and-uncertainty/
Nasdaq-listed Tiger Brokers rolls out online crypto trading to Hong Kong
The Tiger Trade app allows professional traders access to 18 different cryptocurrencies alongside stocks, futures, U.S. Treasury bonds and Bitcoin ETFs. Source: https://cointelegraph.com/news/tiger-brokers-online-crypto-trading-hong-kong
Kraken expands European footprint with German strategic partnership
Today, we double down on our European expansion strategy by announcing a new strategic partnership that enables us to actively enhance our product offering in Germany, a key market for European crypto adoption. Starting around July 10, 2024, we expect to offer German clients access to a range of innovative crypto products via a dedicated offering powered by DLT Finance.…