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Crypto Brokerage Genesis Global Capital May Be Nearing Bankruptcy Filing: Reports
18.1.2023
Genesis had previously halted customer withdrawals following FTX's epic collapse
Biggest Movers: SHIB Surges to Fresh 2-Month High on Wednesday
18.1.2023
Shiba inu surged to a multi-month high on Wednesday, as the meme coin collided with a key price ceiling. Prices rose by as much as 17% in today’s session, as the global cryptocurrency market cap also trended higher. Polkadot was once again in the green, with the token hovering close to a two-month...
CFTC commissioner calls for global industry standards in crypto regulation
18.1.2023
CFTC commissioner Caroline Pham said that there are advanced discussions on global standards happening outside of the United States
Hashkey Capital Raises $500 Million for Its Third Fund, Despite Crypto Market Downturn
18.1.2023
On Tuesday, global asset manager Hashkey, which focuses on crypto and blockchain investments, announced that it has closed its third fund at $500 million. The company’s “HashKey Fintech Investment III” is dedicated to developing crypto solutions, blockchain technology, and Web3...
Binance Launches Off-Exchange Settlement Solution ‘Binance Mirror’ for Institutional Clients
16.1.2023
The largest crypto-asset exchange by global trade volume, Binance, announced that its custody business has launched an off-exchange settlement solution for institutional clients. With this solution, institutions can lock a specified amount of crypto with a qualified cold storage wallet, and assets...
Biggest Movers: SOL, SHIB Remain Near Multi-Month Highs, Despite Market Consolidation
16.1.2023
Solana started the week trading near a two-month high, as momentum remained marginally bullish, despite market consolidation. The global cryptocurrency market cap is currently trading 0.98% higher as of writing. Shiba inu also traded close to recent highs, despite declines on Monday. Solana (SOL)...
How the Biggest Money Experiment in Human History Will Impact Global Payments
15.1.2023
Ran Goldi is VP of Payments for Fireblocks, a provider of digital asset infrastructure.__________ ...
Read More: How the Biggest Money Experiment in Human History Will Impact Global Payments
Hungarians Interested in Investment Potential of Cryptocurrencies, Poll Shows
15.1.2023
A survey has indicated that Hungarians would like to learn more about the long-term investment opportunities presented by cryptocurrencies. However, associated risks and insufficient information in their native language are major concerns, according to the polled. Hungarians Want to Know How Crypto...
Biggest Movers: SHIB Hits 6-Week High, Whilst SOL Extends Recent Gains
14.1.2023
Solana surged by as much as 30% on Saturday, setting a fresh multi-month high in the process. The move comes as cryptocurrency markets were significantly bullish to start the weekend, with the global market cap 8.28% higher as of writing. Shiba inu was trading at its strongest point since November....
SEC Charges Genesis and Gemini — Winklevoss Says Regulator’s Lawsuit Is ‘Super Lame’
13.1.2023
The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG). “Through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from...
Biggest Movers: SHIB Hits 6-Week High, ETC Extends Recent Gains
13.1.2023
Shiba inu was one of Friday’s biggest gainers, as the meme coin raced to a six-week high. The move came as the global cryptocurrency market cap surged, as U.S. inflationary pressures continued to cool off. Ethereum classic was also in the green, with price hitting a two-month high. Shiba...
Genesis Owes Its Creditors $3 Billion - Is That too Much for DCG to Swallow? Barry Silbert Breaks Silence on Twitter
13.1.2023
Digital Currency Group's crypto brokerage firm Genesis owes over $3 billion to creditors, pressing the crypto conglomerate to consider selling assets in its large venture portfolio to raise money.
According to a report by the Financial Times, DCG, the parent company of Genesis, plans to raise...
Head of S Korea’s V Global Crypto Exchange Will Serve 25 Years in Jail for $2.3bn Fraud
13.1.2023
The CEO of a bogus South Korean crypto exchange that tricked some 50,000 customers out of a total of $2.3 billion will spend the next 25 years behind bars – after the Supreme Court found him guilty of fraud.
Yonhap reported that the Supreme Court dismissed an appeal from the CEO of the V Global...
Cardano ecosystem set to expand with custom-built sidechains
13.1.2023
The toolkit will allow for creators of sidechains to choose their own consensus mechanism and other application-specific features, whilst inheriting the security of the main chain
Gemini and Genesis charged by SEC over unregistered securities
12.1.2023
The charges relate to Gemini's crypto asset lending program, Gemini Earn, according to a press release from the Securities and Exchange Commission
Bitcoin Network Braces for Notable Difficulty Increase in 3 Days
12.1.2023
Bitcoin’s mining difficulty, the measure of how difficult it is to find a new block and add it to the blockchain, is set to increase significantly on Jan. 15, 2023, according to current estimates. At the time of writing, Bitcoin’s mining difficulty appears to be on track for a...
JPMorgan CEO Jamie Dimon on US Economy: ‘I Shouldn’t Ever Use the Word Hurricane’
12.1.2023
JPMorgan Chase CEO Jamie Dimon says he “shouldn’t ever use the word hurricane” when warning about the U.S. economy. However, he insisted that there are “storm clouds” that “could be a hurricane.” JPMorgan CEO Jamie Dimon on US Economy The chief executive...
Ethereum’s Dominance on the Rise: Market Share Increases by 3% Among Global Crypto Assets
11.1.2023
Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto...
Biggest Movers: ATOM Hits 2-Month High, as XRP Extends Recent Gains
11.1.2023
Cosmos rallied to a two-month high on Thursday, as cryptocurrency prices rebounded following Wednesday’s decline. Xrp was also mostly in the green in today’s session, extending recent gains in the process. The global crypto market cap is trading 0.17% higher as of writing. Cosmos...
Coinbase to close majority of Japan operations following global layoffs: Report
11.1.2023
Vice President of International and Business Development Nana Murugesan said that the firm decided to “wind down” the majority of its operations in Japan