A letter from Genesis Interim CEO Derar Islim to customers on Wednesday suggested that the firm’s withdrawal freeze likely won’t be resolved for “weeks” to come. The letter, first viewed by CoinDesk, stated that Genesis is committed to being as “transparent as possible” with its customers throughout the process. The CEO also said that Genesis...Read More
An independent global auditor has confirmed that all Bitcoin circulating on Binance – the world’s largest crypto exchange – is fully accounted for. The audit allows any user of the exchange to confirm the safety of their Bitcoin balance using on-chain data. As verified by the Mazars Veriitas auditing service, Binance’s Bitcoin was 101% collateralized...Read More
Despite the advancement of Web3, bitcoin or digital assets remain a potential investment route for any investor. The market for this industry reached $1.6 billion in 2021 and is predicted to increase substantially in the future. However, because to the price drop of BTC, the market has entered the winter season in 2022. Furthermore, the...Read More
Dave Ripley – the incoming CEO of crypto exchange Kraken – said he has inside information that FTX scammed its users. He expects more contagion from the crisis, assuring that his entity would not be affected. More Pain Coming In a recent interview for Bloomberg, Ripley described Sam Bankman-Fried (former CEO of the bankrupt platform FTX) as...Read More
After the recent update, the Ripple vs SEC lawsuit is expected to reach its destiny very soon. Both parties have submitted their briefs in court, expecting the judgement to be in favour of them. Ripple CEO, Brad Gardlinghouse recently mentioned that Stuart Alderoty is offering tough times to fight against crypto regulation. Stuart Aldertoy, the...Read More
Binance US – the American branch of the world’s largest crypto exchange – has eliminated all Ether (ETH) spot trading fees just six months after doing the same for Bitcoin (BTC) pairs on the platform. The zero-fee model will expand free trading to the platform’s ETH/USD, ETH/USDT, ETH/USDC, and ETH/BUSD pairs. In a press release...Read More
The United States Federal Trade Commission (FTC) is targeting certain crypto companies over deceptive or misleading advertising. With the latest move, the FTC appears to follow in the footsteps of the SEC as the crackdown on the ecosystem broadens. According to a Bloomberg report, FTC spokeswoman Juliana Gruenwald Henderson said: “We are investigating several firms...Read More
Bitcoin and crypto markets are a full year into bear territory, and it has been about that time when the cycle bottom occurs. During the previous bear market, it came in December 2018, a year after the Bitcoin price peak. This time around, BTC has fallen 75% from its peak a year ago, and bottom...Read More
Jordan Belfort – the infamous stock broker whose story inspired Martin Scorsese’s film “The Wolf of Wall Street” – thinks the only two cryptocurrencies investors should deal with at the moment are bitcoin (BTC) and ether (ETH). He cautioned people should invest only a small amount of their total portfolio in crypto due to the...Read More
The main reason why investors invest their money in cryptocurrencies is the possibility of gaining amazing returns. It is a good idea to look around for cryptocurrencies that can at least deliver a 10x return. However, cryptocurrencies such as Fantom (FTM) and PancakeSwap (CAKE) are not capable of delivering such returns as of now. Hence,...Read More
Gridless – a Kenyan-based Bitcoin mining company – has announced raising a $2 million seed investment round led by venture capital investor Stillmark and digital payments firm Block, Inc. According to the official press release, Gridless harnesses small-scale renewable energy grids in rural Africa. The company has participated in five different project contract pilots in...Read More
