Bankrupt crypto lender Genesis and crypto exchange Gemini have successfully returned over $2 billion in cryptocurrency to 232,000 retail customers of their jointly managed Gemini Earn progra… Read More
Gemini Earn users get $2.18 billion in digital assets back, which represents a 232% recovery.
Users will receive 100% of their crypto back, with the initial distribution representing 97% of… Read More
The post Gemini Announces Full Recovery as Earn Users to Receive 232% of Their Digital Assets appeared first on Coinpedia Fintech News
Gemini has announced a 232% recovery for its Earn user… Read More
Bankrupt crypto lender Celsius has been granted permission to start liquidating its altcoins and convert them into Bitcoin (BTC) and Ether (ETH) starting July 1, 2023. This move follows disc… Read More
The New York Attorney General, Letitia James, and the bankrupt cryptocurrency lender, Genesis Global.
A landmark settlement has been reached wherein Genesis Global will pay $2 billion to res… Read More
Overview
In a landmark decision, New York Attorney General Letitia James has secured a $2 billion settlement with the bankrupt cryptocurrency lender Genesis. This settlement aims to repay hu… Read More
A U.S. court has approved a Chapter 11 bankruptcy plan for the defunct cryptocurrency lender Genesis. According to a company announcement, Gemini, a Genesis creditor, will return assets to c… Read More
BlockFi, a struggling crypto lender, plans to shut down its web platform by May 2024.
BlockFi partners with Coinbase to facilitate cryptocurrency withdrawals for its clients.
CEO Zac… Read More
The cryptocurrency space faces another blow to its reputation as former executives of bankrupt crypto lender Cred stand accused of fraud. This indictment serves as a stark reminder of the po… Read More
TL;DR
Unexpected Outflows: Despite Bitcoin’s surge above $72,000, Bitcoin ETFs saw a significant outflow of $200 million, casting doubt on the stability of the $69,000 support lev… Read More
Investors have been pulling funds out of Grayscale’s Bitcoin exchange-traded fund (ETF) at a significant rate, but some analysts believe the worst may be over.
On March 21st, Grays… Read More
In a recent update, Zac Prince, the founder and former CEO of the now-bankrupt cryptocurrency lender BlockFi, has shared insights into the company’s bankruptcy proceedings and his futu… Read More
A study by Finder revealed that 126 million American adults admitted to having made a money mistake once in their lifetime. That goes to show that money mistakes are common but are also avoi… Read More
Last week was a significant milestone for the industry as it saw Bitcoin create a new all-time high by blasting past the $70K mark. Since then, the premier has corrected the surge and settle… Read More
“Sam Bankman-Fried to stick with new lawyers despite possible conflict” —
“Sam Bankman-Fried, the jailed founder of bankrupt cryptocurrency exchange FTX, appeared in… Read More
Coinbase, the leading cryptocurrency exchange, isn’t panicking about the upcoming $1.3 billion sell-off of Grayscale Bitcoin Trust (GBTC) shares by bankrupt lender Genesis. They belie… Read More
Over a recent weekend, a flurry of activity was observed on Deribit, the leading crypto options exchange. Traders aggressively purchased out-of-the-money call options for Bitcoin at strike p… Read More
A U.S. bankruptcy judge recently granted permission to Genesis, a bankrupt crypto trading desk and lender, to sell approximately $1.6 billion worth of its shares in Grayscale Bitcoin Trust (… Read More
In a week marked by significant financial milestones, Bitcoin surged over 13%, marking its most substantial weekly gain since October. This surge coincided with the S&P 500 breaking the… Read More
Genesis Global, a bankrupt cryptocurrency lender, has come to a resolution with New York Attorney General Letitia James regarding allegations of fraudulent activities related to its Gemini… Read More
Interested in shorting Bitcoin? You’ve come to the right place. This guide cuts through the noise and directly explains how to short Bitcoin, covering essential methods like margin tr… Read More
Defunct crypto lending platform Celsius has moved a staggering $1 billion worth of ETH to several centralized exchanges, sparking speculation that it was preparing to repay creditors in cryp… Read More
Bankrupt crypto lender Celsius has moved $125 million worth of ETH to crypto exchanges as part of the embattled platform’s initiative to repay creditors.
The move by Celsius comes afte… Read More
The Ethereum value is likely to be doing well post-spot Bitcoin ETF launch, however latest strikes by Celsius threaten to destabilize the worth motion. The now-bankrupt crypto lender appear… Read More
Plus: Bitcoin briefly nears $49,000 as ETFs close first day with $4.6B in trading volume Inside Cryptocurrency For January 12, 2024 Thank you to our sponsor Here is a qu… Read More
The total time taken to fully exit and receive staked ETH surged over 13.5 days.
The backlog was likely created by Celsius Network.
Waiting time for Ethereum [ETH] validators to withdraw the… Read More
Debt is a weapon that should be handled with care. You can either use it to build out your passive income streams, protect your income streams and lifestyle, or destroy your wealth. There… Read More
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Celsius additionally suggested clients to utilize its cell app for the withdrawal, stating the app would solely be obtainable for a restricted time.
Bankrupt crypto lender Celsius Communi… Read More
In today’s edition of Crypto Daily, we examine the evolving legal and regulatory environment surrounding the cryptocurrency industry.
As asset management firms like Pando Asset vie… Read More
Top Stories This Week
CME overtakes Binance to grab largest share of Bitcoin futures open interest
Bitcoin’s futures market is showing an interesting shift as global derivatives mar… Read More
The Silicon Valley investment firm was part of the Fahrenheit consortium that successfully bid for bankrupt cryptocurrency lender Celsius.
via CoinDesk: Bitcoin, Ethereum, Crypto News and Pr… Read More
The bankrupt cryptocurrency lender Voyager experienced a nearly 18% surge in its VGX token’s value on Friday following a substantial token burn that saw approximately 83 million tokens… Read More
Top Stories This Week
Sam Bankman-Fried takes the stand on FTX’s collapse
Sam “SBF” Bankman-Fried testified this week in his ongoing criminal trial in the Southern Distr… Read More
A pair of crypto firms including a struggling exchange owned by the Winklevoss twins allegedly bilked investors out of $1.1 billion as the digital currency market tanked la… Read More
Things aren’t looking great for Binance.US. The SEC is accusing it of noncooperation and questioning the ownership of its custody provider, and more reasons to not trust centralised pl… Read More
This article is featured in Bitcoin Magazine’s “The Broke Issue”. Click here to subscribe now.
The story of Bitcoin has certainly had its fair share of nefarious characte… Read More
The U.S. Securities and Exchange Commission (SEC) is opposed to Coinbase’s current involvement in Celsius’ bankruptcy plan.
Celsius, a crypto lender, originally filed f… Read More
Founder of Celsius Network, Alex Mashinsky, fights to dismiss FTC lawsuit over alleged deceptive marketing and control of client funds in a battle shaping the crypto industry’s future… Read More
The lenders of bankrupt cryptocurrency lender Genesis are not satisfied with the latest in-principle settlement agreement with other parties, including Digital Currency Group (DCG).
On Au… Read More
USBTC to host 8,500 miners belonging to Celsius at its Alpha Site.
Hashrate of these machines is estimated to be 820 petahash (PH).
Us Bitcoin Corp expects to be managing over 310,000 miners… Read More