Author: News Room
According to the official announcement made by the SEC, Genesis agreed to pay a $21 million penalty to the SEC. Genesis Global Capital LLC will pay a $21 million penalty after pleading guilty to charges that it engaged in the unregistered offer and sale of securities through a cryptocurrency, the SEC said. The SEC said the money would first be used to pay any other claims authorized by the bankruptcy court, including claims from retail investors in the Gemini Earn program, and then take the remainder. SEC Chairman Gary Gensler said in the statement: “We sued Genesis, accusing it of…
JPMorgan Chase reportedly refuses to reimburse a customer who says she warned the bank of suspicious activity – and then watched scammers drain her account over the course of three days. Houston resident Cindy Little says she recently received a text message from Chase letting her know that an “unknown” person had been added as a Zelle recipient, reports the NBC-affiliated news station KPRC. Little says she immediately contacted the bank and discovered $1,000 had already been been stolen from her account. Chase “acknowledged the fraud” and reimbursed the money. But a month later, Little received a new text message…
The average number of daily active wallets being connected by players to blockchain games jumped 20% month-over-month in February, DappRadar and the Blockchain Game Alliance announced Thursday in their monthly industry report. The ongoing buzz around play-to-airdrop campaigns—which incentivize people to play games by dangling potential token incentives in front of them—is credited for at least some of the monthly rise. Climbing prices for crypto gaming tokens also played a role as the average number of daily wallets interacting with crypto games hit 1.9 million in February. “The play-to-airdrop trend is still pushing more people towards blockchain gaming,” the report…
Coinbase has announced plans to launch cash-settled futures contract products for Dogecoin, Litecoin, and Bitcoin Cash as early as April 1, 2024. The announcement, made through three separate letters to the United States Commodity Futures Trading Commission (CFTC) on March 7, highlights Coinbase’s belief in Dogecoin’s “enduring popularity” and its transcendence from a mere meme to a staple in the crypto world. Coinbase Derivatives, the exchange’s derivatives trading arm, intends to invoke the “self-certification” method to launch these futures contracts, ensuring compliance with the CFTC’s regulatory guidelines. This approach allows Coinbase to list the futures contracts on its platform without…
Coinbase has ascended to become a key infrastructure provider for the world’s largest asset manager – BlackRock’s novel blockchain fund. This collaboration marks a significant milestone in the integration of traditional finance with blockchain technology, particularly through the launch of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). BlackRock Delves Into Tokenization With BUIDL Announcement BlackRock’s revelation of BUIDL on Wednesday offers qualified investors a unique avenue to earn US dollar yields via blockchain. Through Securitize Markets, LLC, investors gain access to this novel fund, heralding a shift in investment dynamics. Observers were quick to note a significant transaction of…
Polygon’s Napoli hard fork, incorporating the RIP-7212 upgrade, marks a significant advancement in interoperability with mainstream tech by introducing support for the elliptic curve digital signature algorithm commonly used across the internet. The upgrade also aligns with Ethereum’s recent Denchun hard fork improvements, enhancing block space efficiency, limiting self-destruct opcode scope, and reducing memory copying […] Read the full article here
A widely followed analyst and trader is expressing bullish sentiment on an altcoin built on Solana (SOL) that has surged by over 100x in a couple of months. The analyst pseudonymously known as Bluntz tells his 249,900 followers on the social media platform X that the low cap memecoin Myro (MYRO) is offering an opportunity to the upside on the eight-hour chart after enduring a double-digit correction. Based on a chart posted by the analyst, it appears that Bluntz, who regularly applies the Elliott Wave theory in his technical analysis, is suggesting that MYRO is on the final leg of…
TL;DR The cryptocurrency market is up, with Shiba Inu’s price increasing by 7% on a 24-hour scale. The rise could be attributed to the meme coin sector’s growth, among other reasons. The cryptocurrency market has entered into green territory once again today (March 21), with Bitcoin (BTC) and numerous other digital assets charting substantial gains. One popular token that has also headed north is the self-proclaimed Dogecoin-killer – Shiba Inu (SHIB). It is up 7% for the day, while its market capitalization surpassed $15 billion. A factor that might have contributed to its price rally is the overall resurgence of…
BTC fell over 8% on Tuesday, its biggest single-day (UTC) percentage slide since November 2022. ETF outflows likely catalyzed the drop. Bitcoin’s (BTC) price correction gathered pace Tuesday as the U.S.-listed spot exchange-traded funds (ETFs) fell out of favor. The leading cryptocurrency by market value fell over 8% to under $62,000, data from charting platform TradingView show. That’s the biggest single-day percentage (UTC) decline since Nov. 9, 2022. That day, prices tanked over 14% as Sam Bankman Fried’s FTX exchange, formerly the third largest, went bankrupt. The daily performance mentioned here represents the percentage gain or loss in a day,…
The behaviour of borrowers in decentralized finance (DeFi) is important in considering the design of collateralized borrowing platforms with emerging tokenized assets, a BIS study has found. The study’s authors claim to be the first to document individual DeFi wallets’ leverage, relevant to understanding financial stability concerns. The behaviors of borrowers in the decentralized finance space and DeFi market dynamics are important considerations when designing and managing platforms involving tokenized assets, a study by the Bank for International Settlements (BIS) has concluded. Financial institutions worldwide are increasingly experimenting with tokenizing traditional assets such as bonds and securities. The workings of…