Stocks in several crypto-related stocks, including Marathon Digital Holdings Co., Ltd. Mara, Riot Blockchain Co., Ltd. Riot When Micro Strategy Inc. MSTR traded higher Wednesday afternoon, in line with Coinbase Global Co., Ltd. coinreached a $100 million settlement with New York regulators.
What happened: Coinbase has settled a lawsuit with the New York Department of Financial Services. According to Coinbase’s statement, the cryptocurrency exchange will pay a $50 million fine and invest another $50 million to improve its compliance program.
New regulatory filings rule Coinbase violated anti-money laundering laws by allowing customers to open accounts without conducting proper background checks and gathering sufficient information It shows what the authorities found.
“The Department’s inspection found serious deficiencies across Coinbase’s compliance program, including Know-Your-Customer/Customer Due Diligence (“KYC/CDD”) procedures, Transaction Monitoring System (“TMS”) , and OFAC screening programs. filing status.
See More Here: Why The Crypto Stock Coinbase Is Soaring Today
Marathon Digital is committed to mining digital assets such as: Bitcoin (CRYPTO: Bitcoin) and ethereum Ethereum/USDMarathon stock was up 23.5% at $4.20 at the time of writing.
Riot Blockchain is focused on building, supporting and operating blockchain technology. On Wednesday afternoon, the stock was up 13.7% to $3.83.
MicroStrategy is a business intelligence, mobile software and cloud-based services company. Best of all, this is a bet on Bitcoin as the company owns over 130,000 of his Bitcoins. MicroStrategy’s stock was up 12.6% at $163.24 at the last check.
Photo by Serg Dementev from Pixabay.
