After Robinhood experienced its third outage, crypto traders are demanding compensation and threatening to sue the app. Is the platform fighting for its reputation? “Robinhood, a pioneer of commission-free investing, gives you more ways to make your money work harder.” At least, that’s what is stated on the website of Robinhood, the popular stock and…
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BitMex appears to have emerged from the recent market meltdown stronger than ever, with the exchange’s insurance fund quickly jumping back into all-time highs. The March 13 crypto market meltdown ravaged cryptocurrency companies across the industry, sparking a MakerDAO debt crisis and causing millions to be deployed from the insurance funds of exchanges Binance and…
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Rhode Island Rep David Place explains the state’s new bill also relates to cryptocurrencies. Although Rhode Island’s recent Blockchain Act does not explicitly reference cryptocurrencies, the bill aims to provide regulatory clarity for them. “If you look at the legislation, it doesn’t necessarily mention crypto specifically, but when it talks about complex financial instruments and…
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A new initiative by the Italian Red Cross aims to raise funds via cryptocurrencies to face the coronavirus in Italy. The Italian Red Cross and the Colli Albani Committee are raising donations Bitcoin and other cryptocurrencies to fight the country’s coronavirus pandemic with the support of Helperbit, as announced on March 12. Goals of the…
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Judge rules against entities who sued a utility district for introducing new electricity pricing targeting crypto miners in 2018. A Washington court has ruled against one individual and five companies that sued the Grant County Public Utility District No.2 for suddenly creating a new electricity pricing schedule for power consumed by “emerging industries” in December…
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A class action suit against Ripple Labs may set precedent for cryptocurrencies that aren’t securities to face putative claims. A California court has argued that cryptocurrencies that are not securities may be subject to federal laws targeting unfair, deceptive, or abusive acts or practices (UDAAP) during a Feb. 26 hearing for a consolidated class action…
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As Bitcoin plunges close to its lowest levels since 2018, many are convinced that BTC is heavily interlinked with traditional markets. Since coming to power back in 2016, President Trump seemed to have reinvigorated the United States stock market after it showed signs of slowing down throughout the first half of the previous decade. Just…
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Major crypto and blockchain-focused event, Consensus, will not be hosting a conference in New York in 2020. Consensus, a major global cryptocurrency and blockchain-focused event, is another industry conference that had to change its plans due to intensifying coronavirus fears. In line with the increasing number of industry events being delayed or canceled in response…
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Wilshire Phoenix CEO Bill Herrmann sees the Fed’s latest capital injections as tiny, meaning Bitcoin is even smaller. The U.S. Federal Reserve injected $168 billion into finance several days ago, which correlates to Bitcoin’s current falling price. “So long as the broader markets keep falling – expect the same out of Bitcoin,” Bill Herrmann, CEO…
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OKEx completed maintenance to find its trading volumes increased and the platform became the top Bitcoin futures exchange. OKEx completed a short maintenance yesterday at a time of great volatility in the cryptocurrency market. The exchange also just recently overtook competitor BitMEX and became the top Bitcoin futures trading platform. On Mar. 12, OKEx announced…
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