Citi Downgrades Robinhood’s Stocks
The analyst said the timeline is “uncertain” at this point.Shares of HOOD had their price objective cut by Christopher Allen and Ygal Arounian. Robinhood Markets (HOOD) stock was downgraded from…
MakerDAO Relaunches DAI Savings Rate With Hiked Interest Rate
Decentralized and tied to the US dollar, DAI is MakerDAO’s stablecoin. To raise the interest rate by 100 basis points was approved by a majority of voters. MakerDAO is reintroducing…
Chinese government discover $1.7B Money Laundering in Crypto
The Chinese government was able to seize a total of 130 million Chinese yuan. The probe was initiated when a local bank saw a dramatic increase in deposits.Chinese police in…
Coinbase Shares Crash to All-time Low
COIN hit a new low of $39.65 at the start of trading on this Monday. The price has fallen 60% from its all-time high of $98 in early August. Last…
OKCoin a Japan Crypto Exchange Lists Shiba Inu (SHIB)
SHIB would be listed on OKCoin Japan in the middle of February of next year.OKCoin Japan had dropped a Tuesday hint on the possibility of listing SHIB.OKCoin Japan, a major…
Twitter CEO Elon Musk Issues Warning to Staff Over Leaking Data
Musk issued a stern warning against the release of confidential information. The Tesla CEO allegedly gave Twitter staff till Saturday night at 5 pm to react to his email.According to…
Uniswap Foundation plan Series of Governance Reforms
Uniswap will hold a vote for the DAO on December 14th.Protocol’s governance would no longer need the use of off-chain “snapshot votes.”The decentralized autonomous organization that runs Uniswap, one of…
FalconX Admits That 18% Of Its Funds Are Blocked on FTX
FalconX states that the 18% ratio fell within its “counterparty exposure limits.” FalconX indicated that it had no exposure to Genesis, Alameda, or BlockFi. FalconX, a cryptocurrency trading firm, announced…
Crypto.com Releases Proof of Reserves Attested by Mazars Group
It is now possible for consumers to confirm that their crypto assets are completely backed (1:1) on Crypto.com’s platform, which is trusted by more than 70 million clients worldwide and…
U.S FTC Opposes Activision Blizzard Acquisition by Microsoft
The FTC claims Microsoft would gain an unfair edge in the gaming sector. If the case prevails, it will slow down Microsoft’s expansion into the metaverse. A lawsuit to prevent…