OKX affiliate – Aux Cayes FinTech Co. Ltd – pleaded guilty today to one count of operating an unlicensed money-transmitting business under United States anti-money laundering laws. As part of a settlement with the Department of Justice, the company has agreed to pay over $500 million, which includes an $84 million penalty and the forfeiture
Robinhood’s stock declined on Feb. 25, but chair and CEO Vlad Tenev remains confident. In an interview on “Bloomberg Crypto” with Sonali Basak and Tim Stenovec, Tenev said, “The business has been doing tremendously well.” He pointed to strong fourth-quarter 2024 results, highlighting a record $1 billion in revenue and $50 billion in customer deposits
Key Takeaways The SEC is reviewing NYSE Arca’s proposal for staking activities in Grayscale Ethereum Trust ETFs, with a decision before May 26, 2025. The proposal allows the Trusts to stake ether through trusted providers, earning rewards as income without changing the custody arrangement. Share this article The SEC started reviewing NYSE Arca’s proposal to
Dubai’s Virtual Assets Regulatory Authority (VARA) is planning to mandate the disclosure of ‘Crypto Whales’ registered with crypto issuers and service providers. Holders of large amounts of cryptocurrency, also commonly known as ‘Crypto Whales,’ have become major market movers due to the transactions they undertake. In an interview conducted on 24 February 2025, Matthew White,
The cryptocurrency unit of the American financial services company Robinhood is now in the clear as the Securities and Exchange Commission (SEC) has closed its investigation into the business. According to a blog post by Robinhood, the SEC revealed in a letter dated February 21 that it had wrapped up its investigation into the firm’s
Global Dollar, the stablecoin issued by Paxos Digital Singapore, is going multichain with expansion to Solana. The Global Dollar Network announced on Feb. 25 that the U.S. dollar pegged stablecoin, which Paxos introduced on November 1, 2024, was now available on Solana (SOL). Paxos’ affiliate, the Paxos Digital Singapore Pte. Ltd, is the issuer of
Key Takeaways BlackRock transferred 18,168 ETH and 1,800 Bitcoin to Coinbase amid market uncertainty. Crypto markets faced $1.6 billion in liquidations, influenced by geopolitical tensions and institutional selling. Share this article Today, BlackRock transferred 18,168 Ethereum ($44 million) and 1,800 Bitcoin ($160 million) to Coinbase amid growing market uncertainty and widespread liquidations in crypto markets.
Ken Griffins, Founder of Citadel Securities, once called cryptocurrency ‘Jihadist’, yet now the long-awaited crypto securities are here. The long-rumored Citadel Crypto venture has arrived, reshaping the crypto landscape in real-time. Ken Griffin, founder of Citadel Securities, once dismissed cryptocurrency as a “jihadist call” against the U.S. dollar. Fast-forward to 2025, and his firm is
[PRESS RELEASE – New York, CA, February 25th, 2025] Leading DePIN Grows Revenue 400% YoY, Expands Real-Time Kinematic (RTK) Network To Autonomous Robotics Manufacturers GEODNET Foundation, the primary steward of GEODNET, the world’s largest precision positioning network, today announced an $8M strategic round led by Multicoin Capital with participation from ParaFi and DACM, bringing the project’s total financing
An Ethereum whale is sitting on $58 million in unrealized profit after shorting ether at $3,220. ith Coinglass data showing cryptocurrency liquidations exceeding $1 billion amid a fresh market crash, many traders faced massive losses. However, as Bitcoin (BTC) and altcoins plunged, one trader who shorted Ethereum (ETH) is positioned for significant gains. The whale