In a complaint launched by the U.S SEC over the Gemini Earn program, a U.S. district court dismissed petitions by crypto lender Genesis and crypto exchange Gemini to dismiss the case. The SEC “plausibly alleged” that Genesis Global Capital, LLC and Gemini Trust Company, LLC marketed and sold unregistered securities,
March 14, 2024 2 mins read
For running for more than two years without registration, Crypto.com was penalized by the Dutch central bank, De Nederlandsche Bank (DNB). The fine was publicized on March 13, although it was levied in October. Why the announcement was delayed or not made public at the time remains a mystery. For
March 13, 2024 1 min read
Leading tech firm Everyrealm, which specializes in social gaming, announces the introduction of Everyworld, a blockchain-enabled discovery and rewarded ads protocol. The cutting-edge technology has the potential to revolutionize how consumers engage with digital advertising and generate income that might benefit the planet as well as themselves. Everyworld uses blockchain technology to allow
March 13, 2024 2 mins read
In order to introduce their new investment product, the Grayscale Bitcoin Mini Trust, Grayscale Investments has officially filed with the U.S SEC. The present Grayscale Bitcoin Trust (GBTC) oversees assets worth around $28 billion; this change gives investors a cheaper fee structure. Grayscale Bitcoin Mini Trust is an investing product
March 12, 2024 2 mins read
With the announcement of yet another significant reduction in sponsor fees, investment management company VanEck has strengthened its position in the spot Bitcoin exchange-traded fund (ETF) market. The crypto community has responded to the news of the fee reduction, which was announced on the official twitter page of VanEck. Until
March 12, 2024 2 mins read
With the majority of the funds it garnered from its recent convertible debt offering, MicroStrategy (MSTR) has bought 12,000 more bitcoin (BTC). Led by Michael Saylor, a strong supporter of bitcoin, MicroStrategy now has 205,000 BTC worth around $14.7 billion. According to a post by Saylor on Monday on twitter,
March 11, 2024 1 min read
Ex-CEO and founder of BlockFi Zac Prince has spoken out about the crypto lender’s insolvency and his future ambitions for the business and himself. Among the most noteworthy points brought up by Zac Prince was the update about the bankruptcy process’s effectiveness. His decision to be silent up to this
March 11, 2024 1 min read
Due to an episode of increased volatility which has led to a decrease in the reserves of its dollar-pegged stablecoin dai, MakerDAO has instituted a series of interim fee adjustments intended to strengthen the protocol. The recommendation was brought out by BA Labs, a member of Maker’s Stability Advisory Council,
March 10, 2024 1 min read
Investors are ecstatic about the Bitcoin rise, but the Coinbase exchange’s platform is responding poorly. In the midst of Bitcoin’s new all-time high (ATH), Coinbase has reported yet another downtime. The crypto exchange has experienced three outages in the last two weeks. The platform collapsed, causing significant disruptions according to
March 9, 2024 2 mins read
The price of Bitcoin (BTC) has skyrocketed to a new All-Time High (ATH) of $70,000, marking a first for the cryptocurrency in over 14-year of existence. The price of Bitcoin (BTC) witnessed massive bullish momentum today, and breached slightly above $70,000. Since the new year began, the value of BTC
March 8, 2024 2 mins read