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Day: August 3, 2022
Textbook publisher wants to use NFTs to skim the used-textbook market
Textbook publisher Pearson has revealed its plans to use non-fungible tokens (NFTs) to keep track of digital textbook sales and effectively “diminish the secondary market” for its digital textbooks. According to a Bloomberg report on August 1, Pearson CEO Andy Bird wants to assign NFTs to its digital textbooks in order to keep better track of sales and capture revenue that was previously lost on the secondhand market. Bird hopes the company can use the technology to earn commission on second-hand sales of its textbooks, which are normally done privately…
Robinhood Crypto Fined $30 Million by New York Regulator for ‘Significant Failures’ in Multiple Areas – Regulation Bitcoin News
The New York State Department of Financial Services (DFS) has fined Robinhood Crypto $30 million for “significant failures in the areas of bank secrecy act/anti-money laundering (‘BSA/AML’) obligations and cybersecurity.” Robinhood Crypto Settles With the DFS The New York State Department of Financial Services (DFS) announced Tuesday that Robinhood Crypto LLC (RHC) will pay a $30 million penalty to New York State for “significant failures in the areas of bank secrecy act/anti-money laundering (‘BSA/AML’) obligations and cybersecurity.” The failures resulted in violations of the department’s Virtual Currency Regulation, Money Transmitter…
[LIVE] Stock Market And Crypto Q&A #AMC #SHIB Monday!
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io AMC Stock and Shiba Inu Coin SHIB Live analysis and price action! AMC Stock is getting closer to squeezing as time goes on, but how will we know when the AMC Short Squeeze is upon us? Trade Stocks, ETFs, Options and Cryptos all from one account! Sign up, open an account and make your first deposit and get 2 free stocks! Buy Terra Luna on Voyager! Get your Luna Crypto here. Download the app and trade $100 to get $25 of free…
‘This is on me’ — Robinhood CEO to lay off 23% of staff after Q2 loss
Online brokerage Robinhood will lay off nearly a quarter of its employees, citing a continued deterioration of the macro environment and a broad crypto market crash. The bad news came in a blog post on August 2 from cofounder and CEO Vlad Tenev, on the same day it released tepid Q2 financial results, while the New York Department of Financial Services announced a $30 million fine for the company’s crypto branch due to alleged anti-money laundering, cybersecurity, and consumer protection violations. Tenev wrote that the layoffs would impact all functions…
Gucci becomes first major brand to accept ApeCoin payments
Italian high-end fashion giant Gucci has become the first major brand to accept payments in the Bored Ape Yacht Club affiliated ApeCoin (APE). The move was announced on August 1 and could provide the ApeCoin project with significant mainstream exposure along with bringing further utility to the cryptocurrency. Gucci customers in the United States (U.S.) will now be able to purchase items in-store with APE, while the payment infrastructure will be provided by BitPay, a firm that has helped big names such as AMC Theaters accept crypto payments in the…
Solana Wallets Targeted in Latest Multimillion Dollar Hack
Some users suspect the hack could be related to transactions on Magic Eden’s Solana-based non-fungible token (NFT) marketplace, though the source of the exploit has yet to be confirmed. Magic Eden did not respond to CoinDesk’s request for comment, but tweeted a warning for users to revoke permissions from their wallet to avoid being attacked. Source
BTC wholecoiners up by 40K since June crash began
Smaller Bitcoin (BTC) investors have found a unique opportunity during the crypto slump to snap up their favorite cryptocurrency. The number of “wholecoiners” has surged by 40,000 since the June slump alone. According to LookIntoBitcoin, the number of BTC “wholecoiners” has been steadily increasing since January 31, when the BTC price was around $38,000. However, Bitcoin’s price fell around 27% in May and another 40% in June, the same month that saw 25,389 new wallets holding at least one whole Bitcoin. BTC’s price at the current time of writing is…
Why is the crypto market crashing? | International News | Business News Update | WION Fineprint
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency is having a terrible week with Bitcoin dropping to an 18-month-low on Wednesday. All major cryptocurrencies have been trading in the red lately, with the fall testing long-term investors. Molly Gambhir explains what triggered this latest crash #Cryptocurrency #Bitcoin #wionfineprint About Channel: WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we…
New York Attorney General Wants to Hear From Investors Deceived by Crypto Platforms – Regulation Bitcoin News
New York Attorney General Letitia James has urged investors in her state who believe they have been deceived by a crypto platform to contact her office. “Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money,” she stressed. Letitia James Issues Investor Alert on Cryptocurrency New York Attorney General Letitia James issued an investor alert on cryptocurrency Monday. “Many high-profile cryptocurrency businesses have frozen customer withdrawals, announced mass layoffs, or filed for bankruptcy, while investors have been left in financial ruin,” the alert states. James urged any…