Category: Latest news

[ad_1] After a brutal sequence of events led to the collapse of several crypto-related firms in 2022, FTX’s bankruptcy dealt a massive blow to public trust in centralized crypto entities. During this period of heightened market volatility, crypto investors preferred Circle’s USD Coin (USDC) to Tether’s USDT. According to Glassnode’s data, while USDT is the…

[ad_1] Grayscale’s Bitcoin Trust (GBTC) shares rose 12% on Jan. 9 to $9.65 and narrowed the discount to its net asset value to 38.55% — its largest one-day increase since February 2022, according to YCharts data. Bitcoin Magazine CEO  David Bailey has started a campaign labeled “redeem GBTC.” The campaign’s goal is to reduce GBTC’s…

[ad_1] The Digital Currency Group (DCG) has responded to recent allegations made by Gemini co-founder Cameron Winklevoss against the DCG, calling them “desperate and unconstructive publicity stunts.” This is another desperate and unconstructive publicity stunt from @cameron to deflect blame from himself and Gemini, who are solely responsible for operating Gemini Earn and marketing the…

[ad_1] The National Tax Service (NTS) of Korea opened a “special tax investigation” into the affairs of Bithumb Holdings and its subsidiary companies, according to Korean news outlet Yonhap News. Tax authorities are scrutinizing all group company’s domestic and international transactions to uncover possible tax evasion and money laundering. Former Bithumb Holdings Chair Lee Jung-Hoon…

[ad_1] The Central Bank of Nigeria (CBN) said it would develop a regulatory framework to recognize stablecoins and initial coin offerings as an investment class. The central bank said in its “Payment System Vision 2025” report that private stablecoins have evolved to become a successful payment mechanism in the country, hence the need to regulate…

[ad_1] Gemini co-founder Cameron Winklevoss has called on shareholders of Digital Currency Group (DCG) to remove Barry Silbert as CEO for allegedly defrauding Gemini earn users. Cameron in an open letter tweeted on Jan 10, alleged that Genesis Global and its parent company DCG under the leadership of Barry Silbert conspired to defraud about 340,000…

[ad_1] The cryptocurrency market cap saw net outflows of $0.7 billion over the last 24 hours and currently stands at $852.11 billion — down 0.08% from $852.81 billion. Bitcoin’s market cap decreased 0.7% to $332.23 billion from $332.25 billion, while Ethereum’s market cap grew 0.6% to $162.6 billion from $161.43 billion over the reporting period.…

[ad_1] Curve 3pool’s liquidity currently stands at roughly $600 million, down approximately 90% from $5.5 billion recorded at the start of January 2022, according to Kaiko data. Curve’s 3pool dashboard shows that USDT accounted for 32.6% of the reserve while USDC accounted for 35.37%, and DAI made up 32.02%, as of press time. 3pool is…

[ad_1] New York-based firm Pomerantz LLP has initiated an investigation against Core Scientific over concerns that its executives were involved in securities fraud and activities that affected its stock price negatively. The securities class action firm said it was investigating the claims made by Culper Research in its 2022 report on behalf of investors of…

[ad_1] BlockFi said publicly that it will file a financial breakdown soon following progress in its Jan. 9 bankruptcy hearing. In a blog post on its website, BlockFi said that it plans to file reports regarding its assets and liabilities and broader financial status on Wednesday, Jan. 11. Specifically, those filings will include the company’s…