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Posts published in “Asides”

Robinhood’s Revenue Up 10% in Q2, but Active Users Drop by 1M

After generating a massive net loss of $511 million during the first quarter of the year, Robinhood has returned a net income of $25 million, according to its second-quarter results released today (Wednesday). The American commission-free online trading provider also saw its revenue jump 10% to $486 million during the recent quarter.Five Consecutive Quarters of

The Future of Crypto Sponsorships: Predictions and Speculations

The worlds of sports, entertainment, and online media have seen a significant shift in sponsorship habits, with cryptocurrencies emerging as potential game changers. The growth of cryptocurrencies, as well as their increasing public recognition, has created new options for both sponsors and sponsored companies. Many people are wondering what the future holds for crypto sponsorships

Regtech Cross-Border Compliance: Streamlining Regulatory Requirements Across Jurisdictions

The ever-changing regulatory framework presents major obstacles for cross-border financial organizations. As the financial services industry expands globally, it faces complicated compliance obligations imposed by many authorities. Compliance with these standards is critical not just for sustaining the financial system's integrity, but also for developing trust with clients and regulators...

DOJ Weighs Fraud Charges against Binance, Worried about Bank Run: Report

US prosecutors are mulling over whether to initiate criminal charges against Binance, thereby turning the heat on 13 civil charges filed by the securities watchdog against the top crypto exchange earlier in June, Semafor reported today (Wednesday), citing insider sources. However, the Department of Justice (DOJ) is worried that such action could lead to a

Investors Sue 5 Owners of Defunct Broker FxWinning for $28M, Allege Fraud

A group of investors led by Cody Kerns have dragged defunct online forex trading firm, FxWinning Limited, and its five owners to court over allegations of fraud and deceptive trade practices. Sanchez Fischer, the South Florida-based law firm representing the investors, announced the lawsuit today (Wednesday) noting that the legal action was initiated last week...