A recent update from defunct crypto lender Genesis has revealed that users of the Gemini Earn platform might only be able to recover 61% of the value of their crypto holdings as of January 19, 2023. This news has sparked widespread outrage among Gemini Earn users, who are criticizing various aspects of the proposed plan.
Exchanges
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) recently reached a settlement with cryptocurrency exchange CoinList on December 13th. The settlement arose from CoinList’s processing of 989 transactions amounting to $1.25 million made by individuals residing in Crimea over a two-year period ending in May 2022. The agency deemed this a violation of its
Coinbase International, a leading cryptocurrency exchange, announced its plans to enable spot trading for Bitcoin (BTC) and Ethereum (ETH) on its platform starting from December 14th. This move comes as part of Coinbase’s global expansion strategy to cater specifically to non-US institutional clients. In this article, we will explore the details of this announcement and
The crypto market is notorious for its volatile nature, constantly undergoing significant changes in response to price fluctuations. However, an interesting trend has emerged, highlighting a reduction in volatility due to a shift in investor behavior, particularly within the futures market. By analyzing Bitcoin’s price changes and significant liquidation events from 2021 to 2023, we
Google is preparing for a significant update to its policy on cryptocurrencies and related products, set to take effect in January 2024. This update will bring explicit clarification on the regulations surrounding the advertisement of Cryptocurrency Coin Trusts. Starting from January 29th, 2024, advertisers in the United States will be able to promote Cryptocurrency Coin
In a recent court filing, the U.S. Securities and Exchange Commission (SEC) has requested the court to consider newly unsealed documents regarding Binance and its former CEO Changpeng Zhao’s (CZ) plea deals with other agencies. The SEC argues that these settlement agreements provide sufficient evidence for the case to be brought forward and challenge Binance
The latest proof of reserves report published by Binance has revealed a significant decline in its Bitcoin balance during November, coinciding with the regulatory issues faced by the exchange. This decrease in Bitcoin holdings not only impacted Binance’s overall balance but also had repercussions on other major cryptocurrencies as well. Withdrawal of Assets During Regulatory
The UK Financial Conduct Authority (FCA) has recently announced that it has added Poloniex, a crypto exchange linked to Justin Sun, to its warning list of companies offering financial services without the necessary permissions. The FCA’s update on December 6th stated that Poloniex may be promoting financial services or products without authorization and advised individuals
The location of Binance’s global headquarters has long been a matter of speculation and controversy. The newly appointed CEO, Richard Teng, recently declined to disclose the company’s global headquarters to the Financial Times, further fueling the debate surrounding the issue. This article aims to delve deeper into the controversy surrounding Binance’s headquarters, its ties to
In a recent announcement, Binance, one of the leading cryptocurrency exchanges globally, revealed its plans to expand free trading options for the spot and margin trading pairs of the First Digital USD (FDUSD) stablecoin. This move comes as part of Binance’s ongoing efforts to promote the use of FDUSD. The trading pairs that will benefit
Today marked a significant milestone for Robinhood, as it launched its brokerage services in the UK, marking its first expansion beyond the United States. This move hopes to replicate the success Robinhood experienced in the US, where it revolutionized the brokerage industry with its zero-commission, no-minimum-balance model. However, as the company faces challenges and declining
The Philippines Securities and Exchange Commission (SEC) recently issued a cautionary advisory, shedding light on Binance’s operations within the country. The advisory outlined several regulatory concerns and stated that Binance is not registered as a corporation in the Philippines and operates without the necessary licenses and authority. While acknowledging Binance’s registration in other countries, the
Coinbase, one of the largest cryptocurrency exchanges in the United States, recently revealed that it has been subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC). The nature of the investigation remains unknown, but Coinbase stated that it has been asked to provide information about its users’ accounts and transaction activity. This development has sent
The digital asset investment market has experienced a remarkable surge in capital over the past week, with a staggering $346 million pouring into various investment products. This influx represents the largest weekly inflow in a consecutive nine-week period, reminiscent of the bullish environment witnessed in late 2021. CoinShares’ recent data highlights the significance of this
The recent hacker attacks on HTX and Poloniex have caused significant turmoil and loss for users of these crypto exchanges. However, in a surprising turn of events, Justin Sun, a top representative for both exchanges, has announced plans to reward users and cover their losses. This article critically examines the details of the airdrop and
Former Binance CEO Changpeng Zhao recently faced a temporary restriction on his social media profile, raising questions about the platform’s policies and algorithms. This incident occurred shortly after Zhao stepped down from his executive position at Binance, adding to the speculation surrounding the situation. Let’s delve into the details and implications of this temporary restriction.
The U.S. Department of Justice (US DOJ) has taken action to prevent former Binance CEO and founder Changpeng ‘CZ’ Zhao from leaving the continental United States before his sentencing. This decision comes after Binance and CZ pleaded guilty to charges of Bank Secrecy Act violations and agreed to settle the lawsuit by paying $4.3 billion.
The imminent closure of Bittrex Global, a popular cryptocurrency exchange, has caused Bitcoin (BTC) to trade at a substantial premium. Data from the exchange’s website reveals that the BTC/US Dollar pair surged to $46,300 before retracing to $44,613 at the time of writing. This price surpasses the current average of $36,450 on major platforms like
In a shocking turn of events, Binance CEO Changpeng Zhao has pled guilty to violating U.S. anti-money laundering requirements. As a result, he will be stepping down from his role at the exchange, according to the Wall Street Journal. This revelation has sent shockwaves throughout the cryptocurrency community and raises serious concerns about the future
In a recent announcement, Bittrex Global revealed its decision to wind down its operations, marking the end of most exchange activities and trading. The company acknowledged the inconvenience this move would pose to its valued customers, emphasizing that this decision was not made lightly. Starting from December 4, 6:00 p.m. UTC, Bittrex Global will disable
South Korea’s National Pension Service (NPS) has made a strategic investment in the U.S.-based cryptocurrency exchange, Coinbase. This move marks a significant milestone for NPS as it is the first time the pension fund has added a digital assets company to its U.S. stock portfolio. According to a recent filing with the U.S. Securities and
Binance, one of the world’s leading cryptocurrency exchanges, recently announced its plans to list 13 new tokens for spot trading and crypto-earning services in Japan. This strategic move, according to a statement shared with CryptoSlate on November 15, will increase Binance’s token offerings from 34 to 47, solidifying its position as the largest platform with
Coinbase, in its monthly outlook report, has highlighted the potential impact of the approval of a spot Bitcoin exchange-traded fund (ETF) on the cryptocurrency market. According to the report, the introduction of these compliance-friendly financial products could extend access to crypto assets to a wider range of investor classes, such as registered investment advisers (RIAs),
BitgetX, the Hong Kong division of Bitget, has made the surprising announcement that it will not be applying for a Virtual Asset Trading Platform (VATP) license in Hong Kong. Despite operating in the region for the past seven months, BitgetX has decided to immediately cease all trading activities and shut down its operations by December
Former FTX general counsel Can Sun, alongside other ex-FTX executives, is embarking on an ambitious mission to establish a groundbreaking cryptocurrency exchange. Trek Labs, a Dubai-based start-up, has recently obtained a license from the Emirate’s crypto regulator, signaling a fresh start for the individuals determined to rectify the mishaps that led to their previous employer’s
Coinbase, one of the leading cryptocurrency exchanges, has recently unveiled a groundbreaking feature on November 9. This new feature allows users to attest their account and country credentials directly on the blockchain, granting them unparalleled access to a range of benefits and applications. With this move, Coinbase aims to establish a new standard of trust
In a stunning turn of events, FTX’s native token FTT experienced an incredible surge of almost 90% in the past 24 hours, reaching a nine-month high of $2.33. This sudden increase was triggered by the SEC Chair Gary Gensler’s suggestion that the insolvent exchange could be revived under proper leadership. Gensler emphasized the importance of