Analysis: Cryptocurrencies

US SEC closes investigation into Robinhood's crypto arm with no action

Robinhood said on Monday the U.S. Securities and Exchange Commission had closed its investigation into the company's crypto trading arm with no action. Robinhood's shares were up 2.9%...

Australia fines Telegram for delay in answering child abuse, terror questions

Australia's online safety regulator on Monday fined messaging platform Telegram about A$1 million for its delay in answering questions about measures the app took to prevent the spread of child abuse...

Brazil Supreme Court orders Rumble suspension in the country

BRASILIA/SAO PAULO -The Brazilian Supreme Court ordered on Friday the suspension of U.S. video-sharing platform Rumble in the country, citing its failure to comply with court orders, in a similar...

OpenAI removes users in China, North Korea suspected of malicious activities

OpenAI has removed accounts of users from China and North Korea who the artificial intelligence company believes were using its technology for malicious purposes including surveillance and...

Crypto-fiasco: Milei in trouble with Libra - Crypto Recap

The $LIBRA affair could have been just another memecoin in the cryptocurrency universe. It has become a political and financial nightmare. Javier Milei, Argentina's libertarian president, thought he...

Stablecoins enter a new era of political support and Bitcoin integration

Stablecoins are experiencing remarkable growth, now officially recognized as the cornerstone of future digital dollars. Their recent expansion to Bitcoin adds momentum to this trend.

Nigeria seeks $81.5 billion in economic losses, back tax against Binance - court document

Nigeria has filed a lawsuit against cryptocurrency exchange Binance, seeking to compel the company to pay $79.5 billion for economic losses caused by its operations in the country and $2 billion for...

Hong Kong issues nine digital asset platform licenses, plans more approvals

Hong Kong's financial secretary Paul Chan on Wednesday said the city's regulators have issued nine digital asset platform licences and has more approvals in the pipeline. Chan, speaking...

HK comments leave the door open to use of cryptocurrencies as proof of wealth

The Hong Kong government has responded for the first time to questions about the use of cryptocurrencies as proof of wealth for an immigration scheme after a local accountant talked publicly about two...

Argentina's opposition threatens impeachment trial after Milei touts crypto coin

BUENOS AIRES -Argentine President Javier Milei could face an impeachment trial in Congress, opposition lawmakers said on Saturday, after the libertarian leader touted a cryptocurrency which crashed...

Elon Musk says xAI's Grok 3 chatbot to be unveiled on Monday

Billionaire Elon Musk said on Saturday that his xAI's artificial intelligence chatbot and ChatGPT challenger Grok 3 would be released with a live demo at 8 p.m. Pacific time on Monday . ...

Fund managers boost exposure to bitcoin ETFs, quarterly US filings show

Asset managers, ranging from wealth management companies to hedge funds and pension funds, boosted allocations to U.S. exchange-traded funds tied to the price of bitcoin in the fourth quarter of 2024,...

Crypto scams likely set new record in 2024 helped by AI, Chainalysis says

The rise of pig butchering scams and the increasing use of generative artificial intelligence likely lifted revenues from crypto scams to a record high in 2024, according to blockchain analytics firm...

Central African Republic: A president, a memecoin and a flash crash - Crypto Recap

A president, a memecoin, and a real-time crash. Faustin-Archange Touadéra wanted to propel the Central African Republic onto the global crypto scene, but his $CAR token collapsed by 95% in 48 hours....

US SEC case against crypto exchange Binance put on hold

A federal judge in Washington, D.C., on Thursday put the U.S. Securities and Exchange Commission's civil lawsuit against Binance on hold for 60 days, granting a joint request by the regulator and the...

Coinbase reports strong fourth-quarter profit on crypto rally

Crypto exchange Coinbase reported a jump in fourth quarter profit on Thursday, driven by higher trading volumes in bitcoin and other tokens following the U.S. election. The company...

Robinhood shares surge as crypto market frenzy fuels record results

Robinhood shares surged nearly 16% in premarket trading on Thursday, after the trading platform reported record fourth-quarter revenue and profit on the back of a resurgence in retail trading due to...

Ethereum poised for a comeback in 2025?

Ethereum lagged behind competitors in 2024, but institutional accumulation and upcoming upgrades could signal a trend reversal.

Binance, SEC request pause in legal battle as Trump's crypto policy takes shape

Binance and the U.S. Securities and Exchange Commission have jointly asked a court for a 60-day stay on the regulator's lawsuit against the crypto exchange, citing the potential impact of a newly...