Markets

Robinhood Markets said it received an investigative subpoena from the US Securities and Exchange Commission (SEC) in December. The agency’s move is part of a major crackdown against the digital asset industry after the dramatic collapse of Sam Bankman-Fried’s crypto empire last year. The disgraced crypto mogul was recently hit by fresh criminal charges relating to political donations he made while running FTX. According to its latest 10-K filing, the subpoena is in regard to...

Avraham Eisenberg – a man from Puerto Rico – is set to face charges in a New York City courtroom after allegedly invoking a crypto fraud scheme that cost investors more than $110 million. Avraham Eisenberg Faces 40 Years in Jail The scam in question is known as Mango Markets, and it’s believed Eisenberg manipulated the prices of various assets and futures contracts to give customers and traders the idea that their portfolios were spiking. At the time of writing,...

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U.S.-based crypto exchange Bittrex has become the latest digital asset firm to join the ranks of those having to let go of employees. Bittrex Is Forced to Part with Employees Not long ago, the popular trading outlet announced that it would be laying off approximately 83 separate individuals. Right now, the company employs about 284 people, meaning the company is slated to lose just shy of one-third of its overall employment staff. Bittrex is not letting its employees...

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ADA price is trading in a bearish zone below the $0.38 support zone against the US Dollar. The price is now trading below $0.38 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.3780 on the 4-hours chart (data feed via Kraken). The price could continue to move down if it stays below the $0.3800 resistance zone. Cardano price is struggling below $0.38 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price is struggling to stay above the $1,600 support against the US Dollar. ETH price is now trading below $1,650 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1,660 on the 4-hours chart (data feed from Coinbase). The pair could climb again if it stays above the $1,580 support zone. Ethereum price is consolidating above the $1,580 level against the US Dollar. ETH/USD could rise further if it clears...

The cryptocurrency exchange Coinbase estimated in its latest study that every fifth American has already hopped on the cryptocurrency bandwagon.  There are more HODLers among youngsters and people of color. Crypto Can Update the Financial System Coinbase surveyed over 2,000 American adults to determine their thoughts on the current global financial network and check their sentiment on digital assets. 20% of the participants admitted owning bitcoin or alternative coins despite...

The Tel Aviv Stock Exchange (TASE) is willing to enable clients of its non-banking members to trade cryptocurrencies.  Its proposal comes as a result of the turmoil experienced in the sector last year, which according to numerous watchdogs, was a prerequisite for imposing stricter regulations. Authorizing NBMs The TASE – Israel’s only public stock exchange – wants to expand the authorized activities of its non-banking members (NBMs) to allow customers to trade digital...

Coinbase – the largest crypto exchange in the United States – announced that it is halting BUSD trading one week after the stablecoin’s issuer ceased minting new units of the token.  According to a tweet from Coinbase on Monday, the exchange will suspend trading for the token across Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime. Users can still access any BUSD held in their accounts, and withdraw it from the platform at any time.  “We regularly monitor...