Famous crypto attorney and crypto advocate John Deaton continues to criticize the United States Securities and Exchange Commission (SEC) for the way it treats crypto and crypto businesses. Deaton Wants to Testify Deaton says he is willing to testify on the stand about all that he has learned surrounding the way Gary Gensler’s SEC handles...Read More
As the ripple-SEC litigation progresses, crypto lawyer and XRP amicus curiae John Deaton has said that U.S. crypto regulation is not on the horizon. According to Deaton, there is little chance of reasonable crypto legislation being enacted in the United States any time soon. He stated: “I believe the 1st or 2nd Quarter of 2025...Read More
It looks like the crypto market is all set to enjoy a bullish weekend as the star cryptocurrency, Bitcoin has surpassed yet another important resistance of $22,000 area. Ethereum is on a similar pace leading other top ten altcoins including BNB, XRP, Cardano and others. Among these altcoins, Cardano is considered to be among the...Read More
Genesis, which filed for bankruptcy today, was in dispute with Gemini exchange. As per the exchange, Genesis owes nearly $900 million to Gemini customers due to its lending product, Earn. While Genesis filed for bankruptcy today it claimed that the first’s liabilities and assets are nearly $1 billion to $10 billion along with 100,000 creditors....Read More
Crypto funding has been in the industry for two years and since then more and more firms are getting involved. The latest one happens to be the news that says FTX founder Sam Bankman-Fried lending money to the US Congress members. As per the reports, more than one in three of 535 the US Congress...Read More
RACA will create and launch JAZ Network (A BNB Side Chain with $BNB gas fee) mainly for games. RACA dev aims to bring web 3.0 steam to the BNB ecosystem. There are multiple middle-sized games (not mini-games) under development, and they will be launched in 2023 on RACA and JAZ Network. JAZ Network is a...Read More
On January 10, Flare Networks began distributing free FLR tokens to holders of XRP in a highly-anticipated airdrop event. To qualify, participants were required to provide proof of their XRP ownership through a screenshot taken in December 2020. Participating exchanges distributed the FLR tokens, but the value of the incentives was less than expected. Additionally,...Read More
The year 2022 has been a roller coaster ride in total with a lot of huge price crashes, many firms entering into bankruptcy along with scams and hacks. Well, now as the year 2023 began on a positive note, a new hope has sparkled among investors and traders. However, the question – is this a...Read More
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit on January 12th against digital asset management group Genesis and the cryptocurrency exchange Gemini, founded by the Winklevoss twins, for alleged violation of securities laws by selling unregistered securities. However, a surprising revelation came to light when former SEC Enforcement Chief, Lisa Braganza, alleged that...Read More
The public spat between Barry Silbert, CEO of the Digital Currency Group (DCG), and Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, hit a new low on Tuesday when Winklevoss demanded that DCG’s board fire Silbert for being “unfit” to lead the company. He started by writing, “I’m writing to let you know that Gemini...Read More
U.S FED’s Chair, Jerome Powell is going to speak at the Sveriges Riksbank International Symposium on Central Bank Independence, while the crypto markets and the stock market investors are presently clueless. Most analysts believe the markets could turn extremely volatile as the Bitcoin price is expected to rise slightly and after it hits $17,500, massive...Read More
Digital Currency Group (DCG) is a venture capital firm that invests and builds businesses in cryptocurrency, and blockchain-related companies. It is founded in 2015 by Barry Silbert and is headquartered in New York. The subsidiary companies of DCG include Genesis (a crypto lending firm), Grayscale (a securities firm), and Coindesk (a crypto news agency). Genesis...Read More
The 2022 bear market does not appear to have waned as the sentiments do not appear to be in the favour of bulls. Despite a bullish start for the year 2023, the tokens are still expected to drop significantly to reach the lowest point that may mark the bottom of the current bear market. Until...Read More
Binance, one of the largest crypto exchanges, faced a class action lawsuit on July 11, 2022, in the United States District Court for the Northern District of California. This was the first lawsuit filed by US-based Roche Freedom LLP, claiming that Binance misled Terra network investors by portraying Terra’s dollar-based UST as more stable than...Read More
Blue-chip DeFi protocol Balancer has issued a statement on Twitter and has warned certain pools’ liquidity providers to withdraw funds. Users of five liquidity pools are advised to withdraw all of their funds ASAP. According to a statement released by Balancer Labs, the company in charge of managing the development of Balancer (BAL) DeFi. The...Read More
After a lawmaker proposed harmonizing the country’s legislation with incoming EU regulation, France may compel crypto companies to obtain a full license to operate in the country. As of now, the regulations permit cryptocurrency businesses to function there until 2026 without a formal license. According to the current proposal, companies would have to apply for...Read More
Arcane Research, in a new report, has highlighted that investors should keep an eye on Digital Currency Group’s (DCG) prolonged financial troubles because it could have a negative impact on the cryptocurrency market. Analysts and investors have voiced a critical concern following the disclosure of Genesis’ issues: what would happen to Grayscale, a DCG subsidiary...Read More
The former lawyer of bankrupt FTX, Daniel Friedberg, has agreed to disclose details of the company to US prosecutors as they investigate the collapse of FTX. This comes after the Manhattan US Attorney’s Office announced plans to form the FTX Task Force on January 3. This task force will focus on investigating and seeking recovery...Read More
The FTX contagion continues to spread as the aftermath appears to have not settled. After the fallout of the famous exchange FTX, many platforms which had heavily invested in the firm have been facing dreadful days. Soon after the top trading firm, Genesis which shares a huge trading volume halted customer withdrawals, it was considered...Read More
The International Monetary Fund (IMF) is an international organization with 190 member countries. They cooperate in an effort to stabilize the world economy. By tracking economic and financial events, the IMF monitors and supports the economy. It keeps track of how countries are functioning and possible threats, such as trade conflicts or uncertainties. Offering its...Read More
Bitcoin mining, like the rest of the cryptocurrency industry this year, has taken a serious hit. As we approach 2023, with the hope that the market will flip and crypto prices will recover, industry analysts predict that Bitcoin miners will continue to face hardships. More and more enterprises will need to be vertically integrated by...Read More
In an interesting development, the wallets associated with a leading trading-now bankrupt firm Alameda Research, the FTX’s sister concern. The platform was seen transferring out funds which raised curiosity among the community. Moreover, the manner in which the funds were transferred was the main spotlight that grabbed huge attention. The wallet connected to Alameda Research...Read More
Binance exchange recently faced rumors regarding insolvency due to which hefty amounts of funds were withdrawn from the platform. This impacted the BNB price as well which dropped heavily by nearly 24%. This drop ignited ripple effects within the crypto space as most of the cryptos including the Bitcoin price dropped heavily marking a double-digit...Read More
The ongoing litigation between Ripple and the SEC has kept everyone apprised of the latest developments. Nicole Tatz, an attorney who has been working with Brad Garlinghouse’s team from the beginning of the litigation, suddenly resigned from her role representing Ripple in the dispute. The anticipation among investors that December would be a turning point...Read More
As Binance makes itself at the top of the headline in the crypto market by raising concerns regarding its proof-of-reserves audit, the crypto giant now attracts fresh attention after signing a deal with a popular crypto firm to acquire its assets. Recently, Voyager Digital Ltd grabbed the best deal from the crypto exchange giant Binance...Read More
How likely is a catastrophe on Binance on par with FTX, if at all, or is this all just a lot of fuss? The cryptocurrency exchange Binance has faced criticism and “FUD” (fear, uncertainty, and doubt) from some quarters, with some questioning the company’s viability. However, Binance has responded by highlighting its recent withdrawals and...Read More
As people wait for the judgment in the lawsuit between Ripple and the SEC, the topic of conversation right now is all about the case. It has been much too much time. To be exact, two years had passed. And I think I speak for everyone when I say that we all can’t wait until...Read More
This year, the Fed has been relentless in hiking the interest rates in response to rising inflation. Since interest rates are the principal weapon used by the Federal Reserve (the central bank of the United States), to regulate inflation, they tend to fluctuate in tandem with one another. Recent rises in interest rates by the...Read More
Ripple vs SEC is one of the most talked stories within the crypto space which appear to be approaching its destiny. Hence the investor’s interest is also swelling as they are constantly accumulating a huge number of tokens in recent times. This indicates that the majority of investors continue to believe in the potential of...Read More
The feud between Binance CEO CZ and Sam Bankman-Fried continued after CZ accused SBF of attempting to depeg USDT through Alameda. CZ also released a long thread on Twitter referencing Kevin O’Leary’s defense of FTX and referring to SBF as “a fraudster.” SBF has now taken to Twitter and has told CZ to stop lying...Read More
