The Daily Leo #194 - Coinbase Fined, Robinhood's Twitter Hacked

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4 months ago - 3 minutes read


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The 2023 stock market rally is facing its first technical challenge Stocks mounted an impressive comeback Wednesday, with the Nasdaq Composite (^IXIC) nearly erasing its biggest opening deficit since October. The Dow Jones Industrial Average (^DJI) eked out a small gain — its fourth straight — after spending most of the day in the red.

Even Microsoft (MSFT) rallied back from a 4.6% early loss to end the day down only about half a percent. And while it's unlikely a new bull market led by tech has begun, this relative performance is a tantalizing reminder of..


Dutch central bank fines cryptocurrency exchange Coinbase 3.3 million euros

The Dutch central bank (DNB) has fined U.S. cryptocurrency exchange Coinbase 3.3 million euros ($3.6 million) for failing to obtain the correct registration in the Netherlands before offering services.

Coinbase said it disagreed with the DNB's decision, which it said "includes no criticism of our actual services" and was considering an appeal..


‘Nike’s Web3 Platform .SWOOSH Will Reward Creators for Virtual Sneaker Designs .SWOOSH community members are invited to participate in a contest called #yourforce1 that challenges users to build a visual storyboard on Instagram showcasing their footwear design. If chosen, four winners will earn $5,000 each and receive an opportunity to work directly with Nike designers to create their own one-of-one digital sneakers.

Nike added that the four designs could become a part of its first signature collection that is slated to launch in the near future. The contest opened today and closes...


NFT collector sues OpenSea for locking account after being scammed A nonfungible token (NFT) collector is taking legal action against the OpenSea NFT marketplace for several allegations, including being locked out of his account for more than three months after being a victim of a phishing scam.

OpenSea user Robbie Acres told Cointelegraph that after his NFTs were stolen through a phishing scam, he immediately..


Robinhood’s Twitter Hacked, Used to Promote Scam Token

Robinhood is primarily a stock trading platform and, as such, does not have a proprietary cryptocurrency. That didn’t stop bad actors from pretending they did.

Yesterday, an unknown bad actor managed to get in control of Robinhood’s official Twitter account and used it to publish a now-deleted tweet advertising $RBH, Robinhood’s purportedly newly minted token. The company does not have a native cryptocurrency and ...


Ex-UK Chancellor Philip Hammond Urges Accelerated Efforts to Become Crypto Hub

Former U.K. Chancellor of the Exchequer Philip Hammond says the country has allowed itself to fall behind some of its neighbors in establishing itself as a crypto hub.

In an interview with the Financial Times, Hammond, who has been named as the new chair of crypto custodian Copper, said the U.K. needs to accelerate efforts to establish a more effective regulatory regime for digital assets....


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This edition of The Daily Leo was published by @katerinaramm while chilling at the Greek seaside on Leo Finance

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