Retail trading platform Robinhood has announced that its crypto revenue grew by 232% in the first quarter. Despite this success, Robinhood faces potential enforcement action by the U.S. Securities and Exchange Commission (SEC), alleging that some of the cryptocurrencies offered on its platform are securities.
Crypto Drives Robinhood’s Profitable Q1
Retail trading platform Robinhood Markets Inc.
Woman Sentenced to 9 Years in Prison for Crypto-Funded Murder-for-Hire Scheme – News Bytes
May 10, 2024
Michelle Murphy, 58, from Bedford, Texas, has been sentenced to nine years in federal prison for attempting to hire a hitman using bitcoin to kill her boyfriend’s lover. Charged in September 2023 and pleading guilty in December, Murphy used the dark web to orchestrate the…
In a recent funding initiative, the Solana-based Agridex project secured $5 million in a pre-seed round aimed at enhancing the tokenization of agricultural commodities. The funding, led by Endeavour Ventures, included contributions from African Crops Limited and Oldenburg…
As Google and Microsoft continue to revamp their search engines with generative AI models, smaller players are going in all to challenge them with their AI-first offerings.
Case in point: Upend, a Canadian startup that has just emerged from stealth to empower students and professionals with gen AI search driven by some of the best large language models (LLMs) out there.
Upend started out as a…
TAMPA, Fla. — U.S. Navy special operators are upgrading their underwater fleet to continue reaching their objectives amid a looming gap in submarine capabilities, according military officials.
Navy SEALs have used the dry deck shelter with modified Ohio-class submarines…
TAMPA, Fla. — A key helicopter model integral to U.S. Special Operations Command (USSOCOM) operations will not receive anticipated upgrades through a major replacement program, following its cancellation earlier this year.
For decades, USSOCOM has relied on the A/MH-6…
The Automobili Pininfarina Battista Cinquantacinque. It may not roll right off the tongue, but with four all-electric motors, it can definitely roll right off the starting line and then some. Today, the classic Italian automaker reborn for the electric age has introduced a new iteration of the Battista called the Cinquantacinque. It’s a nod to a 1955 Lancia model, the original Pininfarina brand…
Kia teases first images of its production-ready EV3 and sets the date for its global premiere
May 9, 2024
Kia has just posted some teaser images of its upcoming EV3 SUV – its latest all-electric model promising to be smaller, more affordable, and more “plant-based” than its current siblings in the “EV” portfolio. To mark the occasion, Kia has also shared the date and…
Vermont today passed a bill that requires 100% renewable electricity across all the state’s utilities by 2035, and it’s expected to become law.
H.289, “An act relating to the Renewable Energy Standard,” was passed in both the State House and Senate today with…
Coinbase’s chief legal officer has publicly urged U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to stop misleading the market regarding crypto tokens being securities. His request followed Gensler’s repeated assertions that numerous crypto tokens conform to the legal definition of securities, thereby requiring compliance with SEC regulations.
Coinbase’s CLO to Gensler…
