Robinhood reported $36 billion in crypto notional trading volume during the first quarter of 2024, a 224% increase year over year. The firm also reported record net revenues of $618 million, up... Read more »

Stablecoin issuer Tether has expanded its mining endeavors by collaborating with Swan’s Managed Bitcoin Mining service. According to the press statement, the firm has dedicated an undisclosed amount of substantial capital to... Read more »

House Republicans are gearing up to challenge the SEC’s controversial rule regarding digital asset custody, labeling it as an overreach of the agency’s authority. During a press conference on May 7, Representative... Read more »

Quick Take Bitcoin’s mining difficulty is on the brink of its most significant downward adjustment since the FTX collapse in December 2022. Newhedge forecasts a reduction of over 4% on May 9,... Read more »

The Digital Chamber, a crypto trade association, condemned the SEC for submitting a Wells notice to Robinhood Crypto. In a statement on May 6, the association expressed “profound disappointment and concern” over... Read more »

Bitfinex Chief Technology Officer Paolo Ardoino has debunked rumors that the crypto exchange suffered a database exploit recently. Over the weekend, several reports suggested a potential database leak comprising 22,500 records of... Read more »

Six Coinbase customers filed a new class-action lawsuit against crypto exchange Coinbase Global, two subsidiaries — Coinbase, Inc. and Coinbase Asset Management, LLC. — and its CEO, Brian Armstrong, on May 5.... Read more »

On May 3, the US DOJ announced charges against former executives of Cred, a bankrupt crypto lending and investing firm. Authorities alleged that the three accused individuals — Cred co-owner and former... Read more »

Alexander Vinnik, a Russian national who operated the crypto exchange BTC-e, pled guilty to charges of money laundering conspiracy in the US on May 3, according to a Bloomberg report. BTC-e was... Read more »