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Creditors of the crypto financial firm Genesis propose a package $1.5 billion of forbearance payments and loans denominated in dollars, bitcoin and ether, according to a term sheet posted on Twitter by the Gemini co-founder. Gemini co-founders Tyler and Cameron Winklevoss. (Getty Images) Cameron Winklevoss, co-founder of the Gemini crypto exchange, tweeted what he described as a "final offer" in...
The rumors, which have set crypto Twitter ablaze, are the latest example of AI disinformation at work. The rumors, which have set crypto Twitter ablaze, are the latest example of AI disinformation at work. False rumors have again been spreading over the resignation of United States Securities and Exchange Commission (SEC) chair Gary Gensler — this time, however,artificial intelligencehas seemingly...
The refiling for the asset manager's previously-rejected fund comes about two weeks after BlackRock applied for its own spot bitcoin ETF. Fidelity Investments sign (Jonathan Weiss/Shutterstock) Asset management giant Fidelity has refiled paperwork for its Wise Origin Bitcoin Trust, a spot bitcoin ETF. The move comes roughly two weeks afterBlackRock's (BLK) iShares unit submitted paperworkfor the iShares Bitcoin Trust, also...
Mastercard (Alina Kuptsova/Pixabay) Mastercard is setting up a testbed, dubbed the Multi-Token Network (MTN), which will begin by exploring tokenized bank deposits, and which will be available in beta mode this summer in the U.K. Raj Dhamodharan, head of crypto and blockchain at Mastercard, said a number of banks and financial institutions are being invited to participate, and the MTN...
The Commission, funded by the Ministry of Justice, also pushed for legislation to treat crypto as a new type of property in its latest set of recommendations. The U.K. Law Commission wants crypto and NFTs to attract property law rights (Reinaldo Sture/Unsplash) The U.K. should create a tailored framework for using crypto as collateral, a Law Commission funded by the...
Kalshi wants to let users bet on which political party will control Congress after an election. (Nikhilesh De/CoinDesk) The U.S. Commodity Futures Trading Commission began a formal review and public comment period to evaluate prediction market Kalshi's proposed contracts to bet on who will control Congress late Friday, while also canceling a public meeting to discuss the issue. The CFTCannouncedthat...
Nevada regulator alleged that Prime Trust was unable to meet customer withdrawals as recently as yesterday. Prime Trust Consensus Booth (Prime Trust) Crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month, the Nevada Department of Business and Industry said Thursday. The Department's Financial Institutions Division (FID), which oversees...
The Ethereum market capitalization has surpassed that of all the altcoins in the crypto market for the first time since February 2021. In a screenshotsharedby a Twitter user, the Ethereum market cap, currently at $213.8 billion, exceeds all that of altcoins, including major crypto projects like Solana, Cardano, Dogecoin, etc. This is happening for the first time in over 28...
Musk had previously engaged with the Bob token bot several times, aiding a value rise. Red arrows pointing down falling drop (Getty Images) Prices of meme coin bob (BOB) slid as much as 45% on Sunday as its popular automated Twitter bot was suspended after the social media giant's owner Elon Musk called the account a “scam." This sure looks...
Terraform Labs' lawyers argued UST was not a security because it was designed for commerce, rather than as an investment. Terraform Labs CEO Do Kwon on CoinDesk TV in December 2021. (CoinDesk) The question of what exactly an "investment contract" is and whether that phrase applies to TerraUSD (UST) became the heart of the Thursday night hearing on Terraform Labs'...
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