Author: American Coins & Gold

Binance Fined .3M by Canadian Financial Regulator for ‘Administrative Violations’
Canadian regulators hit Binance with a C$6 million ($4.3 million) fine on Tuesday, alleging the crypto exchange committed two separate “administrative violations” of the country’s financial regulations.

Grayscale Parent Digital Currency Group Reports 9M Revenue for Q1
Digital Currency Group (DCG), the parent company of asset manager Grayscale, reported a first quarter revenue up 11% from the previous quarter to $229 million.

Crypto for Advisors: DeFi Yields, the Revival
Crews Enochs, from Index Coop, discusses the revival of DeFi Yields and D.J. Windle answers questions about DeFi investing in Ask an Expert.

Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan
The potential legal action against Robin Hood should be viewed as a continued attempt by the SEC to reinforce its position that all crypto tokens outside bitcoin and ether should be classified as securities, the report said.

ETH Reverts to Inflationary Asset Following Fee-Reducing Dencun Upgrade
Ethereum’s recent Dencun upgrade, which was designed to reduce fees and help scale the network, has caused ether {{ETH}} to revert back to an inflationary asset — potentially reversing one of the key benefits of last year’s Merge.

Solana-Based Marketplace AgriDex Raises M to Tokenize Agricultural Industry
AgriDex brings agricultural commodities onto the blockchain by allowing crops to be bought on its marketplace with finalized deals backed by non-fungible tokens (NFTs).

Ledn First-Quarter Loans Top Record 0M as Lending Market Snaps Back
Crypto lender Ledn processed more than $690 million in loans during the first quarter, its most successful quarter since the firm’s inception in 2018.

First Mover Americas: Crypto Market Slides as Rebound Seen Delayed
The latest price moves in bitcoin (BTC) and crypto markets in context for May 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Binance Fired Investigator Who Uncovered Market Manipulation at Client DWF Labs: WSJ
A Binance team found that “VIP” clients – those trading more than $100 million per month – were engaging in pump-and-dump schemes and wash trading, the Wall Street Journal said.

Robinhood Delivers Big Earnings Beat Driven by Booming Crypto Trading: Analysts
The positive momentum seen in the first quarter has continued, with the platform taking in a record $5 billion in deposits in April, the analysts said.