Robinhood Markets shares surged more than 30% after crypto billionaire Sam Bankman-Fried disclosed a 7.6% stake in the online brokerage. Bankman-Fried is the founder and CEO of cryptocurrency exchange FTX. On Thursday, Bankman-Fried acquired about 56.3 million shares in Robinhood Markets through his investment firm, Emergent Fidelity Technologies, according to a regulatory filing with the…

Breaking crypto news from the last week (May 7 – 13, 2022): May 7: Dubai’s Virtual Assets Regulatory Authority (VARA) announced plans to establish its metaverse headquarters in The Sandbox virtual world. Thus, VARA would become the world’s first regulator to enter the metaverse, showcasing the government’s attempts to turn Dubai into a hub for…

On May 7, the European Commission (EC), or, more precisely, its division called the Directorate-General for Financial Stability, Financial Services and Capital Markets Union, published a fascinating document called European Financial Stability and Integration Review 2022. Two-thirds of it was dedicated to DeFi, and having examined it, the author of these lines got the impression…