Crypto

Robinhood to pay $3.9 million in settlement with California, share price rises | Stock Market News

Published

7 hours ago

September 4, 2024

Robinhood to pay .9 million in settlement with California, share price rises | Stock Market News

A cryptocurrency platform run by Robinhood Markets will pay $3.9 million to settle claims it failed to let customers withdraw cryptocurrency from their accounts from 2018 to 2022, California Attorney General Rob Bonta said on Wednesday.

The civil settlement with Robinhood Crypto is the first public action by Bonta’s office against a cryptocurrency company.

Bonta said Robinhood violated California law by failing to deliver cryptocurrencies that its customers had bought, leaving customers unable to withdraw their assets and forcing them to sell the assets to exit the platform.

The attorney general said Robinhood also misled customers about where their crypto assets were held, and by advertising it would connect customers to multiple trading venues to ensure they got competitive prices.

Robinhood did not admit or deny wrongdoing. The settlement also requires the platform to let customers withdraw crypto assets to their own wallets, and honor its representations about its trading and order handling practices.

Lucas Moskowitz, Robinhood’s general counsel, in a statement said the Menlo Park, California-based company was pleased to settle, and looked forward to making cryptocurrency “more accessible and affordable to everyone.”

In a separate statement, Bonta said the settlement “should send a strong message: whether you’re a brick-and-mortar store or a cryptocurrency company, you must adhere to California’s consumer and investor protection laws.”

Robinhood shares rose 12 cents to $19.23 in after-hours trading.

Related Topics:California Robinhood Robinhood share pric Robinhood stock pric

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Crypto

Polygon Productions, The World’s Most Immersive 360° Live Sound Experience Set to Debut at AFTER 2049, Singapore’s Biggest Pre-Formula 1 Grand Prix Party – Press release Bitcoin News

Published

14 hours ago

September 4, 2024

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Polygon Productions, The World’s Most Immersive 360° Live Sound Experience Set to Debut at AFTER 2049, Singapore’s Biggest Pre-Formula 1 Grand Prix Party – Press release Bitcoin News

Crypto

3 reasons Floki Inu (FLOKI) Investors Are Entering This Cryptocurrency Priced $0.00177 | Bitcoinist.com

Published

21 hours ago

September 4, 2024

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3 reasons Floki Inu (FLOKI) Investors Are Entering This Cryptocurrency Priced alt=

Investors are always on the lookout for the next big opportunity. Recently, Floki Inu (FLOKI) investors have begun to turn their attention to a new and promising token: Mpeppe (MPEPE). Priced at just $0.00177, Mpeppe (MPEPE) is quickly gaining traction, not only among Floki Inu (FLOKI) investors but also within the broader crypto community. Here are three key reasons why Floki Inu (FLOKI) investors are making the move to Mpeppe (MPEPE).

The Fusion of Sports Passion and Blockchain Innovation

One of the most compelling aspects of Mpeppe (MPEPE) is its unique fusion of sports passion and blockchain innovation. Unlike many other memecoins, Mpeppe (MPEPE) is not just about viral appeal; it represents a movement that seeks to redefine the future of soccer fandom through the power of cryptocurrency. Mpeppe (MPEPE) invites its community to participate in a journey where the excitement of sports meets the limitless possibilities of the digital age.

For Floki Inu (FLOKI) investors, who are accustomed to the community-driven growth and cultural impact of memecoins, Mpeppe (MPEPE) offers a fresh perspective. The token’s focus on uniting sports enthusiasts under a common banner of passion and innovation resonates with those who appreciate the potential of blockchain to transform traditional industries. This unique value proposition is a major reason why Floki Inu (FLOKI) investors are eager to add Mpeppe (MPEPE) to their portfolios.

A New Frontier for Community Wealth Creation

Mpeppe (MPEPE) is not just about financial transactions; it’s about building a community that fosters creativity, drives positive change, and creates wealth through strategic community planning. This emphasis on community wealth creation is particularly appealing to Floki Inu (FLOKI) investors, who have seen firsthand how a strong and engaged community can drive the success of a cryptocurrency.

Mpeppe (MPEPE)’s vision extends beyond the typical memecoin narrative. It aims to create a global community that celebrates both the spirit of soccer and the potential for real-world impact through cryptocurrency. This focus on collective growth and empowerment aligns with the values of many Floki Inu (FLOKI) investors, making Mpeppe (MPEPE) an attractive addition to their investment strategies.

The Transformative Power of Meme Culture

Memecoins like PlayDoge (PLAY) and Floki Inu (FLOKI) have demonstrated the profound influence that meme culture can have on the cryptocurrency landscape. Mpeppe (MPEPE) takes this concept a step further by integrating meme culture with a broader mission that includes sports fandom and blockchain technology. This convergence of ideas creates a powerful narrative that appeals to a wide range of investors, from those who are passionate about sports to those who see the potential for significant financial returns.

For Floki Inu (FLOKI) investors, who are already familiar with the impact of meme culture on the value and adoption of cryptocurrencies, Mpeppe (MPEPE) represents an opportunity to participate in a movement that could redefine the future of both sports and digital assets. The token’s ability to leverage the viral nature of internet culture, combined with its innovative approach to community building, makes it a compelling choice for those looking to diversify their crypto holdings.

Conclusion: Mpeppe (MPEPE) – The Next Big Move for Floki Inu (FLOKI) Investors

Mpeppe (MPEPE) is gaining momentum in the cryptocurrencies market due to its unique blend of sports passion and blockchain innovation. Floki Inu (FLOKI) investors are drawn to its focus on community wealth creation and meme culture’s transformative power. Priced at $0.00177, Mpeppe (MPEPE) aligns with the Floki Inu (FLOKI) community’s values and aspirations. As investors recognize its potential, Mpeppe (MPEPE) could become a significant player in the cryptocurrency market.

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Crypto

Pro-Bitcoin Attorney John Deaton All Set To Go Head To Head With Skeptic Elizabeth Warren: Crypto Community Cheers His Candidacy

Published

1 day ago

September 4, 2024

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Pro-Bitcoin Attorney John Deaton All Set To Go Head To Head With Skeptic Elizabeth Warren: Crypto Community Cheers His Candidacy

Pro-cryptocurrency attorney John Deaton has been confirmed to take on Democratic rival Elizabeth Warren (D-Mass.) in the November elections.

What happened: Deaton won the Republican nomination for Senate in Tuesday’s Massachusetts primary election, according to an Associated Press report.

In his victory address, the Senate candidate promised to fight a campaign on border security, state of healthcare, corruption, and other topics, but he made no mention of cryptocurrency.

I am truly humbled by the tremendous outpouring of support and grateful for the faith the voters have placed in me. Tomorrow, we begin the next phase of the campaign – an effort that will hold Elizabeth Warren accountable for her failures on the border, the unaffordable cost of… https://t.co/WUW22D5ocP
— John Deaton (@DeatonforSenate) September 4, 2024

Deaton is well-recognized in the cryptocurrency community for his support of Ripple Labs in the ongoing legal tussle with the SEC, representing several individual XRP holders in the case.

Additionally, he is said to hold 80% of his wealth in Bitcoin, potentially making him the political candidate with the largest Bitcoin holdings.

Crypto Community Cheers Deaton’s Candidacy: The cryptocurrency community gave a thumbs up to the development.

Left-leaning cryptocurrency advocate Mark Cuban congratulated Deaton on the achievement, saying “Only 1 W to go !”

Pierre Rochard, VP of Research at Riot Platforms, also extended greetings to the pro-cryptocurrency attorney on the achievement and wished him luck.

Congratulations John, wishing you the best.
— Pierre Rochard (@BitcoinPierre) September 4, 2024
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Matthew Sigel, Head of Digital Assets Research at VanEck, also cheered Deaton’s candidacy.

See Also: El Salvador President Nayib Bukele Says Bitcoin Uptake Hasn’t Been A ‘Resounding Success’ — ‘We Have Never Forced Anyone To Adopt It’

Why It Matters: Deaton’s campaign has received significant support from the cryptocurrency industry. Tyler and Cameron Winklevoss, co-founders of the cryptocurrency exchange Gemini, donated $1 million in Bitcoin BTC/USD to the attorney.

Furthermore, Commonwealth Unity Fund, a cryptocurrency-focused super PAC, has spent nearly $1.33 million to bolster Deaton’s fight against Warren, according to OpenSecrets.

In contrast, Warren, who is running for a third term, has come under fire from cryptocurrency enthusiasts over the years because of her critical stance on the industry, accusing it of facilitating illegal activities, including money laundering and terrorism.

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Photos courtesy: Gage Skidmore via Flickr and John Deaton Campaign

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