by aria-crypto.com
November 13, 2024 at 15:15
Robinhood Expands Crypto Offerings Amid Regulatory Optimism and Market Surge
Stock and crypto trading platform Robinhood has expanded its cryptocurrency offerings by adding Solana (SOL), Pepe (PEPE), Cardano (ADA), and XRP (XRP) to its platform. This move comes shortly after U.S. elections, suggesting a potentially more favorable regulatory environment under the incoming administration of President-elect Donald Trump. Trump's expected lax stance on crypto regulation, especially after his promise to replace SEC Chair Gary Gensler, has stirred optimism within the cryptocurrency industry. Concurrently, the cryptocurrency Pepe recorded a remarkable price surge, increasing over 30% in an hour and 40% in 24 hours, directly following its listing announcements by both Robinhood and Coinbase. This broader inclusion in major trading platforms led Pepe's weekly gain to hit 62%, and the overall memecoin index surged by 15%. Last year, Robinhood had to delist several tokens including SOL and ADA, citing regulatory challenges after they were classified as securities in a lawsuit. The industry now looks forward to clearer regulations regarding which tokens are considered securities as the current SEC guidance remains vague.
Ripple has announced a groundbreaking partnership with Japan's Web3 Salon to foster innovation among blockchain startups in the region. This initiative will provide selected early-stage projects with up to $20...
The UK Insolvency Service has appointed Andrew Small as its first crypto intelligence specialist to recover digital assets in bankruptcy cases. This move underscores the sharp increase in crypto-related insolv...
The Nasdaq exchange has submitted a proposal to the SEC for expanding its crypto benchmark, introducing four new assets: XRP, SOL, ADA, and XLM. This expansion reflects a growing recognition of diverse cryptoc...
The Paraguayan government has confirmed that President Santiago Peña’s X account was hacked to disseminate false information about Bitcoin. On June 9, a post from the hacked account claimed that Paraguay had a...
The U.S. Securities and Exchange Commission (SEC) is making significant strides in the cryptocurrency space, demonstrating a potential shift in its regulatory approach. Recently, the Winklevoss-backed exchange...
Australian authorities have charged four individuals over a $190 million cryptocurrency money laundering operation. This significant crackdown emphasizes growing regulatory scrutiny in the crypto landscape. T...
Recent developments surrounding the Commodity Futures Trading Commission (CFTC) reveal significant challenges in regulating the cryptocurrency industry. As discussions continue in Washington, reliance on the C...
Kaia, a layer-1 blockchain, is set to launch a South Korean won-pegged stablecoin, coinciding with President Lee Jae-myung's inauguration. This initiative is part of the administration's commitment to fosterin...
Sony has officially launched its incubator named 'Soneium For All' to foster Web3 gaming and consumer applications specifically on Ethereum's Layer 2 solutions. This initiative indicates Sony's commitment to e...
The U.S. Securities and Exchange Commission (SEC) is hosting a significant roundtable on June 9, titled "DeFi and the American Spirit." This event aims to explore the complexities of Decentralized Finance (DeF...
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