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Report: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets

According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to FT’s sources…. Continue Reading →

Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session

Quant was one of the biggest gainers to start the weekend, as price remained close to a multi-week high. This comes as cryptocurrency markets were marginally higher, following Friday’s volatile session. Monero was also higher on Saturday, as the token… Continue Reading →

Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session

Quant was one of the biggest gainers to start the weekend, as price remained close to a multi-week high. This comes as cryptocurrency markets were marginally higher, following Friday’s volatile session. Monero was also higher on Saturday, as the token… Continue Reading →

Bitcoin, Ethereum Technical Analysis: BTC Consolidates to Start the Weekend

Bitcoin was consolidating to start the weekend, as prices once again fell below $17,000. The move comes as traders continued to digest the latest U.S. nonfarm payrolls report. Ethereum was also marginally lower in today’s session, with price dropping below… Continue Reading →

Stellantis Owned Fiat Launches Metaverse Store Using Touchcast and Microsoft Tech

Fiat, an automotive brand property of Stellantis, has launched its first metaverse-based store, which the company claims is the first showroom of its kind. The experience, which was developed with tech supplied by Touchcast and Microsoft, aims to make the… Continue Reading →

Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fund

Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million). The fund, which will have the participation of the Korean state represented by Korea Venture Investment Corporation’s Korea… Continue Reading →

EU Parliament to ‘Vote on Adopting the Regulation on MiCA’ — Expert Says Industry Needs Legal Clarity

In a recent statement, the European Parliament said its members would shortly “vote on adopting the regulation on markets in crypto-assets (MiCA).” According to the parliamentary body’s think tank, the envisaged regulations are expected to provide “legal certainty for crypto-assets… Continue Reading →

Uzbekistan Approves Rules for Issuance and Circulation of Crypto Assets

The authority responsible for crypto oversight in Uzbekistan has determined the order of issuing and circulating digital assets in the country. The main reason behind the move is to establish a mechanism that would allow local companies to attract capital… Continue Reading →

US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private

Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: “Any U.S. CBDC must be open, permissionless, and private.” Congressmen Say Any US CBDC Must… Continue Reading →

US Senator: Bitcoin Is a Commodity — ‘There Is No Dispute About This’

U.S. Senator John Boozman says bitcoin, although a cryptocurrency, is a commodity in the eyes of the federal courts and the Securities and Exchange Commission (SEC) chairman. He stressed that exchanges where commodities are traded, including bitcoin, must be regulated… Continue Reading →

Inside LBank’s Exquisite Afterparty at DCENTRAL Miami

PRESS RELEASE. INTERNET CITY, DUBAI, Dec 2nd, 2022 – LBank, a global crypto exchange, hosted an ‘LBank & Crypto Friends’ afterparty alongside the Web3 conference DCENTRAL Miami. LBank was proud to host more than 200 guests from all layers of… Continue Reading →

US Regulator CFTC Met With Sam Bankman-Fried 10 Times Before Crypto Exchange FTX Collapsed

The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX executives 10 times before the crypto exchange filed for bankruptcy. The regulator sees the FTX collapse as… Continue Reading →

While the FTX Co-Founder Claims He ‘Wasn’t Running Alameda,’ SBF Is Asked Why He Threw Caroline Ellison ‘Under the Bus’

While the former FTX CEO Sam Bankman-Fried (SBF) has done numerous interviews, during these discussions he’s explained on numerous occasions that as far as Alameda Research is concerned, he “wasn’t running Alameda.” SBF wasn’t the CEO of the trading firm… Continue Reading →

Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits

While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236 exahash per second… Continue Reading →

MEXC’s Changing for You | The 1st Exchange to Launch a Zero Maker Fee Event for Futures Orders

PRESS RELEASE. In September of this year, blockchain media outlet, Cointelegraph, reported that cryptocurrency trading platform MEXC has ranked as the world’s top liquidity provider. Recently, MEXC announced the growth of its contract business, and its average daily trading volume… Continue Reading →

Biggest Movers: DOT Hits 12-Day High, UNI up for Fourth Straight Day

Polkadot rose to its highest level in nearly two weeks on Dec. 2, despite cryptocurrency markets sliding following the latest nonfarm payrolls report. The global crypto market cap is down 0.57% as of writing, as prices consolidated following the data… Continue Reading →

US Trustee Plans to Appoint an Examiner to FTX Case, While SBF Describes Strange Margin Trading Practices

On Dec. 1, 2022, an attorney for the U.S. Trustee submitted a written letter to Delaware bankruptcy court officials that seeks to establish an independent examiner to investigate the FTX Chapter 11 bankruptcy proceedings. The U.S. Trustee explained in the… Continue Reading →

Bitcoin, Ethereum Technical Analysis: ETH, BTC Higher Following US Nonfarm Payrolls Report

Ethereum moved closer to the $1,300 level on Dec. 2, as prices remained near a multi-week high. This comes as the latest U.S. nonfarm payrolls report showed that 263,000 jobs were added to the U.S. economy. Markets had expected this… Continue Reading →

BNB Chain-Based Defi Protocol Ankr Suffers Major Exploit

Decentralized Web3 infrastructure provider Ankr has become the latest victim of a hacking attack targeting the defi space. The perpetrators who hit the platform were able to mint and steal a massive amount of tokens in a multimillion-dollar exploit. Defi… Continue Reading →

Data Lake Secures First Blockchain-Based Consents for Medical Data

PRESS RELEASE. December 2th, Warsaw – Poland: Data Lake has collected the first consents on the blockchain for patients’ medical data to be used by researchers. The company is an EU-funded startup that is seeking to solve two of the… Continue Reading →

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