Summary: Barry Silbert, DCG, and Genesis knowingly committed fraud against Gemini customers, the lawsuit filed today alleges. Gemini insists that Genesis and DCG owe over $700 million to Earn users…
Summary: BarnBridge DAO was advised to cease all work related to the protocol and halt compensation to individual contributors. Legal counsel Douglas Park also told the team to close existing…
Summary: Several senior executives including CSO Patrick Hillmann, SVP for compliance Steven Christie, and General Counsel Han Ng said they are leaving Binance. Mainstream media reported that these executives made…
The FBI reportedly carried out a search at the residence of Kraken founder and CEO Jesse Powell. The March 2023 search was over claims that Powell hacked and stalked a…
The judge overseeing Genesis’ bankruptcy case has ordered the crypto lender and FTX back to the negotiation table. Manhattan Judge Sean Lane wants both parties to exchange information about the…
Contrary to expectations, the Shanghai upgrade has not triggered an exodus of users, but rather a surge in staking deposits on Ethereum. In fact, it looks like ETH may be…
With growing institutional demand for cryptocurrencies, particularly Bitcoin and Ethereum, CME Group is looking to expand its range of services. On June 29, CME Group, the world’s leading financial derivatives…
Several senior executives at Binance have decided to quit the crypto exchange. The executive blamed their decision on CEO Changpeng Zhao’s handling of the investigation by the Justice Department. The…
Crypto exchange Bitfinex has managed to recover $315,000 that was lost in a hack in 2016. The exchange recovered the funds with help from the U.S. Department of Homeland Security.…
Summary: Users in the Netherlands could choose to withdraw their funds from Binance to Coinmerce, Coinmerce CEO Jaap de Bruijn said in a blog post. The company chose Coinmerce as…
The United States CFTC has concluded that Celsius Network and its former CEO Alex Mashinsky broke US laws. Attorneys in CFTC’s enforcement unit have determined that the defunct crypto lender…
BlackRock CEO Larry Fink has taken a friendlier stance towards Bitcoin and the broader crypto space. Fink described Bitcoin as an international asset that he would like to democratize. BlackRock…
Binance has lost more than 10% of its market share since the beginning of 2023. Rival exchanges like Bybit and OKX have absorbed the freed-up market share. Meanwhile, the market…
An analyst from Piper Sandler downgraded the stock of crypto exchange Coinbase earlier today. The analyst cited uncertainty in the crypto market and the ongoing legal battle with the United…
Summary: Valkyrie refiled its application for a spot Bitcoin ETF with the SEC per a 19b-4 filing seen on Wednesday. The asset manager joins other Wall Street titans like BlackRock…
