Crypto Revenue of Broker Robinhood Falls By 30%
In the first quarter of 2023, Robinhood reported that their digital asset-related revenue had dropped 30% year-over-year to $38 million.
Coinbase CEO Believes SEC Went on a Crusade Against Crypto Industry
Coinbase CEO Brian Armstrong has expressed his opinion the US Congress, CFTC and other federal bodies have come to a consensus on the need for clear regulations of the crypto industry.
PayPal Holds $1 Billion in Customer Cryptos
As of the first quarter of 2023, the amount of digital currency held by PayPal, on behalf of its customers, was almost $1 billion.
US President Joe Biden Says There Are Tax Loopholes for Wealthy Crypto Investors
Joe Biden has expressed his disapproval of the House Republicans who support former President Trump, saying that they are opposed to closing “tax loopholes to help wealthy crypto investors.”
Hong Kong Authorities Plan to Strictly Supervise Crypto
Hong Kong will take a stringent approach to regulating the digital asset sector.
Crypto Firms in New York Will Be Forced to Refund Fraud Victims with New Legislation
New York Attorney General Letitia James escalated on Friday her office’s crackdown on the crypto industry by proposing legislation that would require companies to reimburse customers who have been victimized by fraud.
China Does Not Plan to Lift Ban on Crypto Transactions
The Chinese government has not altered its hard-line stance against digital currencies, but has only intensified it.
