A recent article from Fortune has raised speculations about the true intentions of the billionaire twins, Cameron and Tyler Winklevoss, in their lawsuit against Barry Silbert’s Digital Currency Group (DCG). According to the article, there is a possibility that the lawsuit filed by the Winklevoss twins’ crypto exchange, Gemini, may not even reach the courtroom.
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Robert Kiyosaki, renowned author of the best-selling book “Rich Dad Poor Dad,” has expressed his bearish sentiment towards the U.S. dollar following reports of an agreement among BRICS nations to establish a gold-backed currency. According to Russia Today (RT), this agreement is expected to be officially announced in August during an alliance summit in Johannesburg,
The recently enacted Markets in Crypto-Assets (MiCA) legislation by the European Union on May 31 has sparked both praise and concerns within the crypto industry. While many applaud it as a groundbreaking regulatory framework for cryptocurrencies, there is growing apprehension surrounding one specific aspect: the imposition of a daily transaction cap on private stablecoins. With
Grayscale, a renowned digital asset management firm, has recently made an important addition to its DeFi fund. In a groundbreaking move, Grayscale has included Lido liquid staking protocol’s governance token, Lido (LDO), in its portfolio. By doing so, Grayscale aims to enhance the fund’s diversity and capitalize on the growing popularity of liquid staking in
Recently, Gemini, the popular cryptocurrency exchange, filed a lawsuit against Digital Currency Group (DCG) and its CEO, Barry Silbert. The suit alleges that DCG orchestrated and perpetrated a fraud against creditors, including the Gemini Earn program users. In response, DCG has labeled the lawsuit a “publicity stunt” by Cameron Winklevoss, co-founder of Gemini. Let’s take
In the wake of the “Coin Gate” scandal, South Korea’s top financial regulator is taking strict measures to ensure transparency in the crypto industry. Lawmakers have faced allegations of insider trading, adding fuel to the fire of suspicion surrounding the nation’s crypto market. Now, the Financial Services Commission (FSC) is going a step further by
The crypto industry has experienced a significant slump in venture capital (VC) funding, with the second quarter of last year recording the lowest amount of funds raised by crypto firms since data tracking began in Q3 2021. However, despite this downturn, executives in the industry remain positive about its long-term prospects. A Decline in Funding
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has recently filed a lawsuit against Digital Currency Group (DCG) and its CEO Barry Silbert. According to the lawsuit, Gemini accuses Silbert of defrauding creditors by continuing the Earn Program of Genesis, a bankrupt crypto lending firm and a subsidiary of DCG, despite its insolvency. This
Bitget, the crypto derivatives exchange, has recently introduced a groundbreaking crypto lending program called the Crypto Loans program. This initiative allows users to stake their own coins as collateral in exchange for loans in a different cryptocurrency. The program aims to cater to borrowers who are dissatisfied with traditional lenders, providing them with a unique
The resurgence of the crypto market this year has brought about a renewed interest in liquid staking, particularly within the Solana ecosystem. According to The Block Research, liquid staking protocols on Solana have experienced a staggering 91% increase in total value locked (TVL) since the beginning of 2023. Protocols such as Marinade Finance, Lido, Jito,