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Join Our Telegram channel to stay up to date on breaking news coverage The US SEC’s crypto crackdown has already seen the regulator target a number of projects, but also companies that work with digital assets . Recently, a popular trading platform Robinhood Markets also emerged as one of the companies that received some sort of penalty from the regulator . Robinhood admitted to receiving an investigative subpoena from the Securities and Exchange Commission (SEC) over crypto listings, custody services, as well as platform operations. The US securities watchdog actually targeted the platform back in December 2022, only about a month after FTX filed for bankruptcy. The trading platform explained this in a 10-K filing, stating that FTX started an avalanche of crypto trading venues and lending platforms filing for bankruptcy. Voyager Digital Holdings was another entity that ended up losing its foothold, and so did Celsius Network, and Three Arrows Capital, all of which wer...

Market uncertainty calls for an opportunity to take advantage of disruptive innovation which has historically "gained share during turbulent times," says ARK Invest CEO. ARK Invest CEO Cathie Wood believes that digital wallets and blockchain tech were among “game-changing innovations” that the equity markets largely ignored in 2022.  In a Jan. 12 blog post on the ARK Invest website, Wood suggested that the equity market faced a “wall of worry” in 2022, caused by fears of entrenched inflation and higher interest rates, and largely ignored a number of innovative technologies. Wood highlighted that digital wallets are “replacing cash and credit cards,” noting that they overtook cash as the top transaction method for offline commerce in 2020. Further arguing that digital wallets should not be overlooked, she noted that they also accounted for approximately 50% of global online commerce in 2021. After the most difficult year ever in the equity market for innovation-based str...