Category: Latest news

[ad_1] FTX’s former chief regulatory office Daniel Friedberg submitted an objection to the retention of law firm Sullivan & Cromwell (S&C) in the exchange’s bankruptcy case on Jan. 19. Friedberg also served as FTX.US’ chief compliance officer. Friedberg alleged unethical conduct on the part of FTX US general counsel Ryne Miller. Friedberg alleged that Miller…

[ad_1] Definition The Shrimp cohort is a general catch-all for retail-level investors holding < 1 BTC. Historically this entity cohort has consistently added to their balance, and thus looking at relative aggressiveness is usually the most informative. The Crab cohort generally describes retail-sized investors by wealth, who either have larger capital allocations and/or have accumulated…

[ad_1] Crypto markets saw minimal volatility over the past 24 hours despite Digital Currency Group (DCG) subsidiary company Genesis Global Capital filing for Chapter 11 bankruptcy on Jan. 19. Insolvency rumors were circulating as early as November 2022, when Gemini exchange paused withdrawals from its Earn program due to Genesis, its lending partner, pausing withdrawals.…

[ad_1] Gemini Exchange Company in North America Gemini is a regulated digital asset exchange and custodian that allows customers to buy, sell, store, and stake digital assets in a regulated, secure, and compliant manner. More about Gemini Info Twitter LinkedIn [ad_2] Source link

[ad_1] Genesis Global — a Digital Currency Group (DCG) subsidiary — filed for Chapter 11 bankruptcy protection on Jan. 19 in the bankruptcy court of the Southern District of New York, it said in a press release. The derivatives, spot trading, broker-dealer, and custody arms of Genesis are not part of the bankruptcy filing and…

[ad_1] The MakerDAO community voted in favor of keeping Gemini USD stablecoin as part of the protocol’s DAI stablecoin reserves amid concerns about insolvency. The MakerDAO community earlier started voting on two governance polls in an attempt to limit DAI’s exposure to Gemini due to the liquidity crisis plaguing Gemini’s Earn program. The GUSD stablecoin…

[ad_1] The Bitcoin Mining Council (BMC) recently released its Q4 2022 briefing, showing a current sustainable energy mix of 58.9% – a half percent decrease from the previous quarter’s 59.4% figure. The BMC was formed in May 2021 in response to Tesla’s U-turn on accepting Bitcoin for payment over claims the network is powered mainly…

[ad_1] Token Unlocks’ 2022 Annual Report estimates that $102 billion worth of tokens will be unlocked in 2023. The data points out that December 2022 ended with $102.1 billion worth of tokens remaining locked, with a $570.8 billion Fully Diluted Value (FDV)and $468.7 billion market cap. Dividing the market cap by FDV, the report concludes…

[ad_1] Ethereum development firm ConsenSys will be audited at the request of its shareholders, according to a report from Finextra on Jan. 18. ConsenSys allegedly transferred business products and units between its Switzerland- and U.S.-based corporations in a transaction called “Project Northstar.” That transfer allowed ConsenSys’s U.S. division to raise $715 million from 2020 to…

[ad_1] Crypto lending company Nexo has settled with the U.S. Securities and Exchange Commission (SEC), according to a press release on Jan. 19. The SEC charged Nexo with failing to register its retail lending product — the Earn Interest Product (EIP) — which it first began to offer in the U.S. in June 2020. Nexo…