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Gemini and Genesis have been engaged in a public spat after Genesis suspended withdrawals last year. Tyler and Cameron Winklevoss at TechCrunch Disrupt NY 2015 (TechCrunch/Wikimedia) The U.S. Securities and Exchange Commission (SEC) alleged crypto exchange Gemini and crypto lender Genesis Global Capital sold unregistered securities in alawsuit filed late Thursday. The investment regulator took aim at Gemini Earn, the...
The latest strategy paper from the Central Bank of Nigeria marked the necessity to create a legal framework for stablecoins. As one of the worldâs pioneers in adopting its own central bank digital currency (CBDC), Nigeria also declares its readiness to accept the existence of private stablecoins. The necessity to create a legal framework for stablecoins is noted in the...
FTX did not hold back on company expenses in the Bahamas, according to court documents. FTXâs Bahamian company spent a staggering amount of money on luxury hotels and accommodation, flights and food in the nine months before the exchangeâs collapse, court filings have revealed. According to bankruptcy court documents reviewed by Business Insider, FTX Digital Markets went through $40 million...
The job cuts come a day after the company said it would be âreducing costs and driving efficienciesâ amid a challenging environment for crypto companies. (Genesis Trading, Modified by CoinDesk) Genesis Global Trading laid off more employees on Thursday, a spokesperson for the crypto-trading firm confirmed in a statement to CoinDesk. A person familiar with the matter said Genesis eliminated...
The Tokyo-based video game giant is already developing multiple blockchain games, highlighting an area of growth amid a brutal crypto winter. FINAL FANTASY XIV: Endwalker Patch 6.3 Screenshots. (Square Enix) Blockchain-based gaming continues to garner interest among some of the largest global gaming companies, even in the face of an extended crypto winter that has chilled many sectors of the...
El Salvadorâs position as the fourth-largest crypto ATM hub was short-lived as Australia stepped up its game over the following months. El Salvador, the first country to legalize Bitcoin, has been pushed down yet another spot in total crypto ATM installations as Australia records 216 ATMs stepping into the year 2023. As part of El Salvadorâs drive to establish Bitcoin...
This week, an anonymous person leaked 100,000 API keys connected to the crypto trading service. FBI agent working on his computer in office (Source: domoyega) The FBI is investigating the3Commas data breach, CoinDesk has learned. The investigation comes afterweeks of criticismfrom users of the Estonia-based crypto trading service, who say its CEO repeatedly brushed off warning signs that the platform...
Alameda took out a loan pledging those same shares as collateral. Former FTX chief Sam Bankman-Fried borrowed hundreds of millions of dollars from Alameda Research to purchase his stake in trading app Robinhood Markets (HOOD), accordingto court documents. In an affidavit provided to a Caribbean court before his arrest, Bankman-Fried said he and FTX co-founder Gary Wang together borrowed over...
The BNB token, with a market cap around $40 billion, has failed to win a listing on major U.S. crypto exchanges â except on Binance.US. Crypto analysts say it might be due to risks that BNB could be deemed a security by U.S. regulators. The BNB token suffered a steep price decline in December. (CoinDesk) Binance, the worldâs biggest crypto...
In his first court appearance since being extradited from the Bahamas, the former CEO was told he can live with his parents on $250 million bail secured by their Palo Alto house. Sam Bankman-Fried exits federal court in New York City (David Dee Delgado/Getty Images) A federal judge agreed to release former FTX CEO Sam Bankman-Fried after he appeared in...