Robinhood has reached a $45 million settlement with the U.S. Securities and Exchange Commission, following allegations that their brokerage operations broke several securities regulations. A recent SEC order, disclosed on January 13th, alleges that Robinhood Securities LLC and Robinhood Financial LLC breached more than ten provisions of securities laws, including lapses in reporting suspicious activities, … Read more
The Swiss cryptocurrency bank, Sygnum, has successfully secured approximately $60 million during its strategic growth phase, with the aim of expanding operations into additional regions. The digital asset bank, Sygnum based in Switzerland, managed to gather $58 million during its Strategic Growth funding round. This new investment propelled the bank’s worth beyond $1 billion, thereby … Read more
The Ming Shing Group, headquartered in Hong Kong, has allocated $47 million towards purchasing 500 Bitcoins. This move is part of their short-term financial plan aimed at boosting liquidity and the worth of their assets. Construction company Ming Shing Group is now part of the group of traditional businesses exploring cryptocurrencies, as they have invested … Read more
Under the terms of a signed contract worth $18.7 million, Gryphon Digital Mining has secured an 850-acre industrial site running on natural gas located in Southern Alberta, Canada. This site was provided by Captus Energy. As stated in a recent announcement by Gryphon Digital, their Bitcoin mining company intends to leverage the newly acquired resources … Read more
In the U.S., Bitcoin-related exchange-traded funds experienced three straight days of withdrawals this year, with Bitcoin dipping below $90,000 and contributing to a general market trend of increased caution. Based on information from SoSoValue, Bitcoin ETFs holding the 12th position recorded a total net withdrawal of $284.19 million on January 13th. This marks the third … Read more