Genesis Global Capital has opted to settle with the U.S SEC and agreed to pay $21 million to resolve the accusations over the Gemini Earn program. This is a historic milestone in the action launched by the SEC against Genesis and Gemini. Genesis Global Capital has consented to pay a
MetaMask, a provider of Web3 self-custody wallets, and CoinLedger, a tech company that focuses on software for reporting crypto taxes, announced their alliance on March 18. Users of MetaMask will benefit from improved compatibility and functionality thanks to the collaboration. Moreover, a news release states that CoinLedger’s tax reporting software
In order to be eligible for $3 billion in bailout money, the International Monetary Fund (IMF) has mandated that the Federal Board of Revenue (FBR) of Pakistan impose a Capital Gains Tax (CGT) on investments in cryptocurrencies. The IMF suggested that Pakistan’s FBR tax cryptocurrency capital gains during the review
The popular Web3 wallet in the Solana ecosystem, Phantom Wallet, has allegedly gone down, adding to the spate of outages that have recently rocked the Solana blockchain network. Members of the Phantom Wallet and Solana communities have reported that the submitted transactions cannot be seen in the browser version of
A U.S Federal Trade Commission (FTC) investigation into Reddit’s data licensing policies for AI training has begun. In the midst of getting ready for its highly anticipated initial public offering (IPO), the firm is being investigated. A revised Form S-1 registration statement was filed with the U.S. SEC by Reddit
The SEC in Nigeria has suggested an increase in the registration cost for cryptocurrency exchanges from 30 million naira ($18,620) to 150 million naira ($93,000), as part of an update to the regulations that govern platforms providing crypto services. According to the SEC, the purpose of the proposed amendments was
Elliptic, a blockchain analytics company, disclosed a major Lazarus Group transaction involving $12 million worth of Ether. The cryptocurrency mixer Tornado Cash was used to complete this transaction. This platform was used again by the North Korean hacking group despite restrictions. These funds originate from a November cyberattack on HTX
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,
The recently launched decentralized physical infrastructure network (DePIN) io.net is planning to include Apple silicon chip technology into its artificial intelligence (AI) and machine learning (ML) offerings. Using GPU processing power from dispersed data centers, cryptocurrency miners, and decentralized storage providers, Io.net’s Solana-based decentralized network powers machine learning and artificial intelligence
Lawmakers in the European Union (EU) have passed new regulations to severely punish anyone who violates sanctions, including when it comes to cryptocurrency. The European Parliament (MEPs) passed fresh sanctions against travel bans, weapons embargoes, limitations on industries, and the freezing of assets (including cryptocurrency and wallets) on Tuesday. According
