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Latest from Nelson Wang
Robinhood Received Crypto-Related Subpoena Request From SEC: 10K
The trading platform also received similar subpoena requests from the California Attorney General’s office.

Block’s Q4 Bitcoin Revenue Fell 7% Year Over Year to $1.83B
For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said.

Dapper Labs Laying Off Another 20% of Its Staff
The job cuts follow a previous 22% workforce reduction in November.

Binance Shifts to ‘Semi-Automated’ Process to Manage Reserves of Tokens It Issues
Reserves for these tokens had previously been mixed with customer funds.

Coinbase Q4 Revenue and Earnings Beat Expectations, but Transaction Volume Falls 12% From Q3
The crypto exchange reported its fourth-quarter earnings on Tuesday after the close.

Binance Considers Severing US Ties in Face of Crypto Crackdown: Bloomberg
The crypto exchange has been investigated by a host of U.S. regulators and government agencies.

SEC Sues Terraform Labs, Do Kwon for Misleading Investors on TerraUSD Stablecoin
The collapse of TerraUSD last year led to a wave of bankruptcies in the crypto industry.

CFTC Charges California Firm and CEO With Fraud, Misappropriation of Digital Assets
The commission alleges the defendants fraudulently solicited over $7 million worth of bitcoin and ether and misappropriated some of the funds in a Ponzi scheme.

FDIC Tells Crypto Exchange CEX.IO to Stop Claiming US Dollars Held in Its Wallets Are Insured
The agency issued a cease-and-desist letter on Wednesday.

CFTC Case Against Sam Bankman-Fried Postponed Until After Criminal Trial
The request to stay the SEC’s civil case against Bankman-Fried is still pending.
