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Gemini Seeks Control of $1.6 Billion Grayscale Shares in Lawsuit


Crypto exchange Gemini has initiated a lawsuit against digital asset lender Genesis in an attempt to gain control over $1.6 billion worth of Grayscale Bitcoin Trust shares. The lawsuit, filed on Friday in the U.S. Bankruptcy Court Southern District of New York, aims to recover the shares to repay...

South Koreans Fascinated With Altcoins More Than Americans, Research Shows


South Korean crypto traders are more inclined to invest in high-risk, high-reward altcoins than their American counterparts, according to a new report. The share of major cryptocurrencies like bitcoin and ethereum in the trading volumes on the largest Korean exchange is much smaller than the...

Chimpzee Burns 1 Billion More CHMPZ Tokens, New Raise Goal Announced


Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. The Chimpzee (CHMPZ) project is achieving remarkable strides in its endeavors, and the upcoming debut of the Chimpzee shop is further fueling the anticipation. With its launch just around...

$720 Million Lost via 117 Hacking Incidents in Q3 of 2023 — Study


During Q3 of 2023, there were a total of 117 hacks in which $720 million was stolen via access control breaches and rug pulls among other security incidents, a new study has found. While the losses ($49.80 million) from rug-pull incidents are significantly lower than the $449 million lost...

Binance Appoints New Regional Head for Eastern Europe and Central Asia


Binance’s General Manager for Central and Eastern Europe, Kyrylo Khomiakov, will take responsibility for Central Asia as well. His promotion comes after the crypto exchange’s top executives in the region left the company last month, part of a string of executive exits at Binance this year. Kyrylo...

New Law Expands Police Powers to Seize Crypto in UK


A new law that gives law enforcement agencies greater powers to seize, freeze, and recover crypto assets has entered into force in the U.K. The law introduces provisions for police to “seize crypto assets more easily and convert them into money before a forfeiture hearing has taken...

Kraken Appoints Fintech Entrepreneur Bivu Das as New UK Managing Director


Kraken appoints Bivu Das, an ex-Starling Bank executive, as a UK corporate representative to drive business expansion in the strengthening UK regulatory environment. On October 27, the prominent cryptocurrency exchange Kraken announced that Bivu Das, a fintech entrepreneur and former Starling Bank...

Dydx Chain Unveils Network Fee Distribution and USDC Trading Fee Allocation


The Dydx chain, a proof-of-stake blockchain network, has successfully launched its mainnet and introduced dydx as its layer one (L1) token. On October 26, at 1 p.m. EDT, the network’s validators created the first block, signifying the start of a new era for the Dydx chain. The introduction of dydx...

Bitcoin ETF Speculation Sustains Bitcoin Price – How Long Will it Last?


The Bitcoin price has seen substantial volatility in recent weeks, largely driven by speculation around the potential approval of a Bitcoin exchange-traded fund (ETF) by the SEC. While Bitcoin bulls have cheered each new rumor of progress on the ETF front, whether the asset can sustain significant...

Doge Uprising Storms Onto The Meme Coin Scene: Is This The Next Dogecoin?


Doge Uprising ($DUP) is a presale coin with a vibrant universe and immersive ecosystem for users to enjoy. 2023 has been the year of meme coins, with Pepe Coin soaring into the top 100 and many new tokens raising millions of dollars within their first few months of presale. Doge Uprising...

Missed BINANCE Don’t Missed OTX-Open Trade Exchange


Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. In a dynamic twist to the ever-evolving cryptocurrency market, a new player has emerged on the scene — OTX Exchange. Positioned as a formidable competitor to the industry titan...

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