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Stock and crypto exchange platform Robinhood has been fined $30 million by the New York State Department of Financial Services (NYDFS). 

The fine targets the crypto trading unit of Robinhood for alleged violations of anti-money-laundering and cybersecurity regulations, the Wall Street Journal reported Tuesday. This is the first time the regulatory body has incurred a fine related to cryptocurrency. 

A report by the NYDFS states Robinhood Crypto LLC failed to maintain and certify compliant anti-money-laundering and cybersecurity programs. Robinhood shares were down 1% Tuesday as a result of the news. 

In 2021, the trading firm was fined $70 million by the Financial Industry Regulatory Authority (FINRA), the largest fine ever issued by FINRA, for failing to protect customers.

A new report by technology research and advisory firm Technavio reveals Metaverse market share is set to surpass $50 billion by 2026. 

Istanbul Fair Center will be home to the first blockchain tech expo in Turkey on Dec. 22 to 25. All actors operating in the sector around the world will get their first chance to meet in Istanbul.

The event will occur simultaneously physically and in the Metaverse. This aspect will make the expo a trailblazer in Turkey, allowing people to attend the expo from anywhere in the world.

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Crypto NFT Today: The Latest News in Blockchain, Cryptocurrency, and NFTs: Aug. 3-9, 2022