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State Regulator Wants To Revoke Robinhood’s Broker License

Massachusetts state regulator seeks to revoke Robinhood’s broker-dealer license because the regulators claimed that the company targeted inexperienced investors so let’s read more in our latest crypto news. The Massachusetts state regulator is seeking to revoke the broker-dealer license of Robinhood in the state. William Galvin who is the head of the state’s securities division who said in an administrative complaint that the company has a “Continued pattern of aggressively inducing and enticing trading among its customers including Massachusetts customers with little or no investment experience.” The new filing is a follow-up to a complaint that was filed by Galvin’s…

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Ex-Citigroup Chair Dick Parsons Joins Crypto Firm Celo’s Board

Ex-Citigroup chair Dick Parsons will be joining the board of crypto firm Celo which will bring extensive experience as a senior bank executive to the company as we can see more in our latest crypto news today. Parsons’ arrival at Celo is very important because of his experience in the field since he is the first major banking executive to jump into the crypto sector. His experience includes being the CEO of Time Warner and the LA Clippers. Parsons serves as a chair of the Rockefeller Foundation. Dick Parsons who served as the Chair of Citigroup in the wake of…

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Wallet Maker Ledger Faces Lawsuit Over Covering Up Of Data Breach

Crypto wallet maker Ledger faces a lawsuit over data breach cover-up after customers filed a class-action lawsuit recently so let’s read more in our latest crypto news today. In the data breach, customer data, personal documents, and emails were compromised so now Ledger and Shopify are facing both a class action lawsuit. Customers of the wallet maker Ledger are suing the company for the alleged cover-up of the data breach. The initial complaint that was filed with the US District Court for the Northern District of California, alleged that Shopify and Ledger partnered together and “negligently allowed, recklessly ignored and…

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Billions Of Facebook Users Have Just Got Their Data Leaked

Billions of Facebook users have just got their data leaked including information on their phone numbers, IDs, full name, locations, email addresses, phone numbers, and more. In the affected, there are hundreds of crypto users that could become a target to sim swapping so let’s read more in our latest crypto news today. According to a security analyst, the sensitive personal information for billions of Facebook users was leaked on a hacking forum earlier today which is a potential risk for millions of crypto traders that could become vulnerable to sim swapping and many other ID based attacks. The situation…

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Ex-SEC Head Jay Clayton Joins Crypto Council Of River Digital

Ex-sec head Jay Clayton has joined the crypto council of River Digital Asset Management and its partner One River Asset Management as we see more today in our cryptocurrency news today. Clayton is a former chairman of the US Securities and Exchange Commission and also considered to be a detractor of cryptocurrencies. Under his administration between 2017 and 2020, all of the requests made to approve a BTC-based Exchange Traded Fund were denied but now, Clayton will start his duties alongside Jon Orszag and Kevin Hasset, according to the press release. Clayton’s last decision as a head of the SEC…

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Dragonfly Capital Aims To Launch $225 Million Crypto Fund: Report

Dragonfly Capital aims to launch a $225 million crypto fund to invest in projects across the crypto space as we read more in our latest cryptocurrency news today. After the success of the original 100 million funds kickstarted two years ago, the Dragonfly Capital Fund will target four areas: Non-fungible token projects, Defi protocols, Ethereum layer 2-based businesses, and centralized finance platforms.  The San-Francisco-based venture capital fund which has been early backed of projects like Compound, Celo, Maker, and ByBit is now aiming to launch its own capital fund. Most of the past investments have been focused on the DeFi…

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Soros Fund Management Invests in Crypto Infrastructure: Report

Soros Fund Management will invest in cryptocurrency infrastructure as it seems BTC is very interesting to the fund managers according to the entity’s CIO as we can see more in today’s cryptocurrency news. Bitcoin is at its inflection point caused by the current global economic situation according to the Chief Investment Officer of Soros Fund Management, Dawn Fitzpatrick. However, she warned that the upcoming launch of central bank digital currencies could harm the number one cryptocurrency in the short-term. Founded by Georgi Soros in 1969, the Soros Fund Management is a privately owned hedge fund sponsor that invests in public…

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Genesis Shards Raised $2.7 Million To Create Pre-IDO Market

Genesis Shards raised $2.7 million in a funding round to create pre-IDO market and tokens as well as to pioneer the Defi NFT space by reimagining NFTs as DeFi options so let’s find out more in our latest crypto news. The DeFi ecosystem took plenty of leaps over the past few years but it still faces an acute bottleneck problem with the pre-IPO space due to low token liquidity and lack of tradeable markets. Genesis Shards was created to bring a new paradigm where other network participants will be able to gain access and trade pre-IDO tokens. This can be…

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Dr. Doom Roubini Branded The DeFi Space As “Vaporware”

Dr. Doom Roubini, the popular Bitcoin basher branded the $13 billion DeFi industry as “vaporware” despite its parabolic explosion over the year. In our latest crypto news, we are reading more about his stance on Defi. Due to a confluence of trends including the search for yield on cash and the recovery price of bitcoin, the Defi coins went from a market capitalization of about a billion to $13 billion. Value is accruing within the DeFi apps as opposed to just their coins and according to the data from DeFi Pulse, the value of cryptocurrencies that are locked in decentralized…

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Eastern Europe Has The Sixth Biggest Crypto Service On The Darknet

Eastern Europe has the sixth bigger crypto services market on the darknet and according to Chainalysis, the region is responsible for more darknet activity and ransomware volume than any other region in the world, as we are reading more in the latest cryptocurrency news. Blockchain analytics company Chainalysis, found that the darknet markets exert a disproportionate presence in Eastern Europe’s crypto sector. In an excerpt from the Geography of Cryptocurrency report, Chainalysis reported that Eastern Europe has the sixth biggest crypto service market on the darknet with the anonymous market Hydra dominating. The report shows that Hydra generated more than…

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Akon Cryptocurrency City Starts Construction As Early As 2021

The Akon Cryptocurrency City will start construction as early as 2021 and will take up to eight years to be fully completed as we read more in the cryptocurrency news. The Akon cryptocurrency city that looks futuristic will begin construction as early as 2021 and the city is referred to as “the Real-Life Wakanda” according to the popular singer and producer. He even hinted about the future plans of franchising his concept in other countries in Africa. The project was announced in mid-2018 and it gained mass attention because of its revolutionary idea to create a smart city running on…

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John McAfee Got Detained In Europe Yesterday: Report

John McAfee got detained in Europe yesterday for refusing to wear a medically-approved mask. Instead, he wore ladies underwear and he even posted a picture of him with a black eye after he got arrested so let’s find out more in the upcoming crypto news. According to many posts on his Twitter Profile, John McAfee got detained on an airport (somewhere) for not wearing a proper mask. While he didn’t say a lot, the reason was he actually wore ladies’ underwear as a protective mask and refused to replace it. McAfee is among the most controversial people within the crypto…

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