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Robinhood Withdraws Bank Charter Application Due to Regulatory Challenges

Stock and cryptocurrency trading platform Robinhood has withdrawn its bank charter application with the Office of the Comptroller of the Currency.As CNBC reported on Nov. 27, Robinhood voluntarily decided to withdraw its application with the regulator due to the challenges the company could face in receiving a charter. A

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Ripple CEO: 50% XRP Transaction Boost Due to MoneyGram and Other Remittances

Do virtual currencies really threaten existing digital payment systems and traditional financial institutions? Or can they co-exist and help to bolster both ecosystems?If you are familiar with the global crypto ecosystem, I am positive you must have heard of a rumor making rounds recently, suggesting that the recent spike in

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LedgerX Claims Ex-CFTC Chairman Stalled Approvals Due to Personal Bias

Cryptocurrency derivatives firm LedgerX alleges that former United States Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo obstructed the approval of its amended Derivatives Clearing Organization (DCO) registration because of personal bias against the firm’s CEO Paul Chou.As Industry news outlet Coindesk reported on Sept. 28, LedgerX made the

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Kik Shutting Down Popular Messaging App Due to ICO Legal Battle

Disclaimer: This report previously stated that Kik was only considering shutting down its app and has been updated following new information from Kik.The Canadian social media and messaging app company Kik is considering shutting down its popular Kik messaging app.70 reported layoffs at Kin subsidiary In a Sept. 23 article,

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Upbit Exchange Delists Privacy Coins Due to Money Laundering Concerns

South Korean cryptocurrency exchange Upbit announced that it will cease trading support for six cryptocurrencies, including some so-called privacy coins.Block the possibility of money launderingIn a Sept. 20 notice, UpBit announced that the exchange will delist and cease trading support for Monero (XMR), DASH, ZCash (ZEC), Haven (XHV), BitTube

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