Robinhood’s Former Ban on Crypto Withdrawals Draws $3.9M Settlement in California
The popular trading app’s sunsetted ban on customer crypto withdrawals caught the ire of California’s attorney general.
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Financial
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Kamala Harris Is Not Directly Accepting Crypto Donations, a PAC Is, Coinbase Says
A spokesperson for Coinbase said the Future Forward PAC, which is dedicated to supporting Kamala Harris, is accepting crypto donations, rather than her campaign directly.
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Siemens Issues $330M Digital Bond on Private Blockchain with Major German Banks Including Deutsche Bank
The issuance was the company’s first digital bond with fully automated settlement, building on last year’s issuance on the Polygon network.
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Bitcoin Posts Negligible Bounce, but Extreme Fear Suggests Larger Rebound in Store
The Crypto Fear & Greed Index has plunged to levels that previously have presaged a sizable move higher in bitcoin prices.
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The Protocol: The Secret Code Behind Trump Family Crypto Project
In this week’s issue of CoinDesk’s weekly newsletter on blockchain tech, we’ve got the secret details underpinning the former president’s plan for World Liberty Financial, as well as the rankings of which tokens performed the least-poorly in ugly August crypto markets.
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A Hunt for Yield: The Next Chapter in Crypto Portfolio Optimization
The fallout from the 2022 crisis has pushed the industry to innovate. One of the most promising developments has been the rise of tokenized money market funds. These funds offer a way to generate yield, says Jason Liebowitz, Head of Private Wealth at Hashnote.
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VC Giants a16z, Union Square Ventures Get Subpoenaed by New York About Uniswap: Sources
“We don’t wish the burden of unnecessary subpoenas on anyone,” a spokesperson for Uniswap told CoinDesk.
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Uniswap Labs Settles CFTC Charges Over ‘Illegal’ Margin Products
Uniswap will hisse $175,000 to settle the charges.
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Switzerland’s Fourth-Biggest Bank ZKB Offers Retail Customers Bitcoin and Ether
ZKB’s new service also allows other Swiss banks to offer customers the trading and custody of cryptocurrencies, with Thurgauer Kantonalbank being the first partner bank to use the service.
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In Trump-Backed Crypto Project, Insiders Are Poised for Unusually Big Paydays
The team could get 70% of World Liberty Financial’s tokens, a significantly higher-than-normal allocation from a project marketed as a solution to the “rigged” traditional finance system.