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Crypto lender Genesis owes Gemini crypto exchange customers $900M

Major crypto lender Genesis Trading and its parent company Digital Currency Group (DCG) owe users of cryptocurrency exchange Gemini $900 million. Financial Times reported on Dec. 3, 2022, that users of Gemini Earn lost $900 million when Genesis — the external firm that…

SBF fumbles in his first Twitter interview, while Elon Musk and Ye drama ensues

Twitter has proven to be quite interesting in the last couple of days. Two of the most talked about people in recent times found new ways of getting themselves ridiculed and laughed at in equal measure. On one end, former…

The proof of reserves debacle; unbundling the facts from the fiction

PoR is quite simply a verification done to ascertain that a platform’s held assets match the value of what its users have deposited within it. A third party always does the audit. The aim is to ascertain that if any… Continue Reading →

MetaMask cofounder calls Apple purchase tax ‘abuse,’ supports Coinbase decision

Dan Finlay, the co-founder of MetaMask, has sided with Coinbase, saying he is ready to dump Apple due to their 30% in-app purchase tax and their recent ban of Coinbase’s iOS wallet software. Apple’s recent “reign of terror” Following the…

Industry experts react negatively to Sam Bankman-Fried’s interviews

Jesse Powell, via his official Twitter account, thinks that Sam Bankman-Fried didn’t care and was actually gambling with his client’s money. He was recklessly overconfident Via his Twitter account, we can deduce that Jesse Powell cannot be convinced by the…

Ethereum and Tether flow to exchanges while bitcoiners opt for self custody

Ethereum (ETH) and Tether (USDT) keep getting deposited onto centralized exchanges, while Bitcoin (BTC) holders seem to be taking matters into their own hands following the fall of FTX. Data provided by on-chain analytics service Glassnode shows that $66.6 million…

Former FTX US president is looking to raise capital for new crypto venture

The former FTX US president, Brett Harrison, is currently in talks with potential investors about his new crypto startup.  Harrison, who resigned from his position at the crypto exchange in September, is looking to raise capital for his new crypto…

Bluelight.inc airdrop: an event you wouldn’t want to miss

Bluelight.inc is launching an airdrop of the game’s internal token named $KALE, and is about to distribute $7000 worth of those.

As the champion of individual rights, crypto is destined to prevail: opinion

The views and opinions expressed here belong solely to the author and do not represent the views and opinions of Crypto News’ editorial. The year 2022 is set to go down as the crypto industry’s annus horribilis. It’s been a…

Partisia and Red Cross collaborate on blockchain for warzones

Partisia and the International Committee of the Red Cross are collaborating to present the prototype of a blockchain-based system to demonstrate that the technology can be used in conflict zones where a very high level of privacy and data protection…

Galaxy Digital Holdings to buy popular custody platform GK8

Financial services and wealth management pioneer Galaxy Digital Holdings today announced plans to purchase GK8, a secure corporate virtual assets self-custody platform. Subject to court approval and other closing conditions, the transaction will result from a sale procedure following Celsius…

Tether co-founder is defensive on USDT transparency

Tether co-founder Reeve Collins defended the company’s perceived lack of transparency, stating Tether has always redeemed every token for “exactly one dollar” despite having no clear proof of reserve. Reeve Collins defends Tether (USDT) despite no proof of reserves During…

Co-founder of Terraform Labs, Daniel Shin arraigned in court

One of the co-founders of Terraform, David Shin, an online cryptocurrency trading platform, has been arrested and is facing criminal charges.  Arrest Details Daniel Shin is accused of using insider information to profit from illegal market manipulation. The court appearance…

1INCH foundation transfers send asset price tumbling

The 1INCH Foundation recently transferred a large amount of the 1INCH token causing investor concern. The price has dropped by as much as 3%. News shock wave 1INCH is the crypto market’s 86th asset by its market capitalization. An on-chain…

Stripe introduces fiat-to-crypto onramp service

Stripe introduced a gateway for users to convert fiat currency into cryptocurrency this new onramp enables users to convert USD to their preferred cryptocurrency. The new payment option is an embeddable and modifiable widget The most recent payment option is…

Council of Fashion Designers in America previews NFT collection

Yesterday, the Council of Fashion Designers in America dropped a snippet on their website of their first-ever NFTs collection scheduled to launch on Dec. 12. Each of the NFTs includes unique utility cases and special perks. CFDA revealed its upcoming…

Dune analytics finds false data on Uniswap’s NFT aggregator

According to a recent Dune analytics review of Uniswap’s new NFT aggregator, Uniswap only had $400k volume and 900 transactions in the past 48 hours. Uniswap data shows that in the past 24 hours, the trading volumes was $4 million.…

New York State proposes new laws adding costs to crypto firms

NYDFS, the high-powered New York state department, proposes regulation to assess costs of ‘supervision and examination’ for licensed crypto firms.

South Korean crypto CEO faces 25 years in prison for murder

The CEO of a South Korean Crypto Exchange has been sentenced to 25 years in prison for murder. His appeal was rejected and the prison sentence has been imposed. Crypto CEO sentenced to prison for murder After a rejected appeal,…

Sam Bankman-Fried expresses confusion on FTX US bankruptcy

SBF emphasized that FTX US shouldn’t have declared bankruptcy during the explosive New York Times Dealbook Summit interview on Wednesday. He asserted that FTX US is ‘totally solvent’ and ‘completely funded’ and that its financial state is separate from the…

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