An organization called Kraken, not to be confused with the well-known cryptocurrency exchange of the same name, has hacked into Solaris, a major marketplace for narcotics and other illegal items. Solaris reportedly gained between 20% and 25% market share after authorities shut down Hydra, the prior leader in this sector,
On Thursday, Genesis, a struggling crypto lending behemoth, filed for bankruptcy protection. With the Stellar Development Foundation identified as one of the top creditors. According to Genesis’s bankruptcy papers, the foundation has a claim for $13 million. It was revealed that the foundation extended a loan of roughly $13 million
As Solana (SOL) finishes a significant Elliott wave pattern, it is approaching an essential support zone. According to CoinMarketCap, the price of Solana (SOL) is trading at $21.31 with a 24-hour trading volume of $656,699,353 at the time of writing. Solana (SOL) has experienced a zig-zag correction from all-time highs.
Nexo Capital Inc, a significant lending platform, has agreed to pay $45 million in penalties to settle charges brought by the Securities and Exchange Commission (SEC) and state regulators. For failing to register the offer and sale of its retail crypto asset leading products, known as Earn Interest products. As
Solana (SOL), the native cryptocurrency of the Solana ecosystem, appears to be having a strong rebound in 2023. One of the leading cryptocurrencies in the global crypto market, SOL, has experienced a tremendous price climb since mid-December. The token continuously shows bullish momentum by maintaining a solid hold on its
Commences voluntary Chapter 11 restructuring of lending business to further advance ongoing stakeholder discussions and optimize outcome for Genesis clients and Gemini Earn users Outlines Chapter 11 plan contemplating potential sale and/or equitization transaction to enable lending business to emerge under new ownership Restructuring process led by independent special committee
The US Securities and Exchange Commission filed a long-term action against Ripple in 2020. That contends the firm and its officials issued XRP cryptocurrency to investors without first registering it as a security. The series of hearings are already underway, and Ripple CEO Brad Garlinghuse has claimed that the disagreement
DUBLIN–(BUSINESS WIRE)–The “Digital Identity Management Solutions Market by Type, Offering, Application, Identity Type, Authentication Type, Organization Size, Deployment Mode, Sector – Global Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering. The global digital identity management solutions market is expected to reach USD 70.8 billion by 2030, at a
On Monday, Solflare, a wallet on the Solana network, revealed that users will be able to pay higher gas prices in order to bypass network congestion. Solrise Finance co-founder Vidor Gencel stated: “[Solflare] is the first to implement this in a user-friendly way. In-wallet transactions will automatically be prioritized with
As per reports, Su Zhu and Kyle Davies, the founders of the insolvent cryptocurrency hedge fund Three Arrows Capital (3AC) and the cryptocurrency exchange CoinFlex, respectively, are looking to raise $25 million to start a new exchange called GTX. Bankrupt crypto businesses including Mt. Gox, Celsius, BlockFi, and the most
