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Digital Currency Group Strikes Back: Motion to Dismiss Gemini’s Lawsuit Filed

11.8.2023
Digital Currency Group (DCG) has filed a motion to dismiss the lawsuit brought against them by Gemini Trust Company, LLC. The motion, filed in the Southern District of New York, argues that Gemini’s allegations of fraudulent misrepresentations related to the Gemini Earn program are without...

SEC Could Approve Spot Bitcoin ETF Within 6 Months, Says Mike Novogratz

11.8.2023
Galaxy Digital CEO Mike Novogratz is optimistic that the U.S. Securities and Exchange Commission (SEC) could approve a spot bitcoin exchange-traded fund (ETF) within four to six months. The executive cited his contacts at Blackrock, the world’s largest asset manager, and investment...

Digital Currency Group files motion to dismiss Gemini lawsuit, claiming it's a PR campaign

10.8.2023
Gemini’s complaint filed in July alleged DCG and Barry Silbert had made "false, misleading, and incomplete representations and omissions" related to Genesis and the Earn program

Digital Currency Group Files to Dismiss Crypto Exchange Gemini’s Fraud Claims

10.8.2023
DCG called Gemini’s July complaint a continuation of a “public relations campaign” carried out by the exchange’s owners, Cameron and Tyler Winklevoss

Bank of England Forms Digital Pound Advisory Group to Shape CBDC Design

10.8.2023
Announced on the Bank's Website on Wednesday, the Bank of England (BoE) has established a digital pound advisory group named the CBDC Academic Advisory Group (AAG) and is actively seeking specialists to join this group as the nation enters the CBDC design phase. ... Read More: Bank of England Forms...

ChatGPT-Based Search Function Goes Live on Blockchain Encyclopedia IQ.wiki

10.8.2023
IQ GPT will help fight misinformation in the crypto space and onboard new users

Singapore Red Cross Says It Now Accepts Crypto Donations

10.8.2023
Well-wishers who want to financially support the Singapore Red Cross can now do so via crypto donations. All donations are converted into fiat currency within 24 hours after the donation has been made. Benjamin William said his organization has enabled the crypto option for “donors who...

Hong Kong Securities Regulator Warns Unlicensed Crypto Exchanges

10.8.2023
The Securities and Futures Commission (SFC) of Hong Kong has issued a warning to unlicensed providers of crypto trading services. Concerned about their engagement in “improper practices,” the regulator also said investors should be aware that some of these platforms may never actually apply for...

Bitrefill Adds Support for eSIM Purchases With Cryptocurrencies

10.8.2023
Bitcoin-friendly mobile top-up platform Bitrefill announced support for eSIM purchases with a number of cryptocurrencies. The service will allow travelers to have access to fast internet in different countries around the world after buying prepaid data plans using their digital coins. You Can...

600 Russians to Trial CBDC Next Week – Digital Ruble Pilot Begins

10.8.2023
The Russian digital ruble pilot proper will begin next week, says the country’s Central Bank, with 600 citizens set to become the first people in the nation to use the CBDC. The bank said that the first transactions with the CBDC would be conducted on August 15, and that the pilot would initially...

NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum

10.8.2023
DeLabs has promised to return the $3 million grant initially provided by Polygon Labs to support y00ts from Solana to Polygon

Binance Expands Global Reach — Becomes Fully Licensed Crypto Exchange in El Salvador

10.8.2023
Binance has become a fully licensed cryptocurrency exchange in El Salvador, having obtained two licenses: a Bitcoin Services Provider license (BSP) and a Digital Assets Services Provider license (DASP). According to the company, Binance now has approvals and registrations in 18 markets worldwide....

Rise in Chinese Citizens, Firms Using Digital Yuan to Pay Taxes

10.8.2023
More Chinese citizens and firms are using the digital yuan, China’s central bank digital currency (CBDC), to pay their taxes, state organs, and government-owned banks have claimed. Per Xinhuanet, the claims were made by Hunan Province’s Tax Bureau, as well as the Changsha Central branch of...

Putin and Ramaphosa Discuss BRICS Summit, Trade and Cooperation; Russian President to Join via Video Link

10.8.2023
Russian president Vladimir Putin and South African president Cyril Ramaphosa recently addressed cooperation, trade, and preparations for the upcoming BRICS summit. The two leaders conversed about practical cooperation and the expansion of the organization, reflecting a shared commitment...

Bitcoin Price Could Rise to $180,000 by 2024 Halving, Says Fundstrat

9.8.2023
In a recent note to investors, Fundstrat has forecasted a potential surge in the price of bitcoin to an astonishing $180,000 before its next block reward halving event in April 2024. The financial services company attributes this projected 521% price hike from current levels to the rising demand...

Galaxy Digital Narrows Losses To $46 Million, Maintains Strong Liquidity Position At $696 Million In Q2 2023

9.8.2023
Galaxy Digital's latest earning report shows a major reduction in losses to $46 million as the cryptocurrency market grows through the second quarter of the year. The New York-based firm led by CEO Michael Novogratz has recorded a change in fortunes since Bitcoin (BTC) surged slightly over...