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Maine Reaches $1.9M Settlement With Bitcoin ATM Operator Over Scam Losses

Maine has reached a $1.9 million settlement with a Bitcoin ATM operator following a lawsuit related to scam losses incurred by residents. The state alleged that the operator failed to implement adequate safeguards to prevent fraudulent transactions. As part of the settlement, the operator will enhance its compliance measures and consumer protections. This agreement aims to address the financial harm caused to Maine residents who fell victim to scams involving the Bitcoin ATMs. The settlement underscores the importance of regulatory oversight in the cryptocurrency sector.

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Robinhood Offers Prediction Market 'Custom Combos'—But Don't Call Them Parlays

Robinhood has launched a new feature called "Custom Combos," allowing users to create their own prediction markets on various events, similar to sports betting parlays. However, the company emphasizes that these are not traditional parlays, as they focus on predicting outcomes across different categories rather than just sports.

Here is why $1.2 billion Bitcoin ETF inflow is a new bullish signal

A recent inflow of $1.2 billion into Bitcoin exchange-traded funds (ETFs) has been identified as a significant bullish signal for the cryptocurrency market. This surge in investment reflects growing institutional interest and confidence in Bitcoin as a viable asset. Analysts suggest that such large inflows typically precede price increases,

DTCC 'Not Building Walled Gardens' for Tokenization, Says Digital Assets Head

The Digital Asset Head of the Depository Trust & Clearing Corporation (DTCC) stated that the organization is not creating "walled gardens" for tokenization, emphasizing its commitment to an open ecosystem. The DTCC aims to facilitate the integration of digital assets into the existing financial infrastructure while maintaining interoperability.

Large bitcoin holders buy the most coins since the FTX collapse of 2022

Large bitcoin holders, often referred to as "whales," have significantly increased their purchases, acquiring the most coins since the FTX collapse in late 2022. This surge in buying activity comes as the price of bitcoin has stabilized and shown signs of recovery. Analysts suggest that these large investors

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Robinhood Offers Prediction Market 'Custom Combos'—But Don't Call Them Parlays

Here is why $1.2 billion Bitcoin ETF inflow is a new bullish signal

DTCC 'Not Building Walled Gardens' for Tokenization, Says Digital Assets Head

Large bitcoin holders buy the most coins since the FTX collapse of 2022