Gemini Earn users have recently been hit with disheartening news about the value of their crypto holdings. According to a reorganization plan proposed by defunct crypto lender Genesis, these users might only recover 61% of their pending Earn balance as of January 19, 2023. In this article, we will delve into the details of this
Exchanges
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) recently announced a settlement with cryptocurrency exchange CoinList on December 13th. The settlement came after CoinList processed 989 transactions amounting to $1.25 million from users residing in Crimea, a disputed region between Russia and Ukraine. This article analyses the details of the settlement and its implications,
In January 2024, Google is set to update its policies regarding cryptocurrencies and related products. This policy revision will specifically focus on the advertisement of Cryptocurrency Coin Trusts. The aim is to provide users with sufficient information for making informed financial decisions while ensuring advertisers comply with relevant local laws. This article explores the details
In a recent filing, the U.S. Securities and Exchange Commission (SEC) has requested the court to consider the newly unsealed documents related to Binance and its former CEO Changpeng Zhao’s plea deals with other agencies. This move comes as the SEC seeks to counter Binance and Zhao’s attempt to dismiss the case against them. The
In November, Binance, the world’s leading cryptocurrency exchange, experienced a significant decline in its Bitcoin balance, coinciding with regulatory issues with U.S. authorities. This decrease in BTC holdings was accompanied by several other notable changes within the exchange’s ecosystem, indicating a shift in user behavior and the potential impact of regulatory concerns. According to Binance’s
The UK Financial Conduct Authority (FCA) has recently included Poloniex, a crypto exchange connected to Justin Sun, on its list of companies offering financial services without authorization. In an update released on December 6th, the FCA stated that Poloniex may be promoting financial services without their permission and advised individuals to avoid engaging with the
Binance, one of the leading cryptocurrency exchanges in the world, is shrouded in mystery when it comes to its global headquarters. The newly appointed CEO, Richard Teng, recently declined to disclose the location to the Financial Times, carrying forward the company’s tradition of presenting itself as a global entity. This refusal to reveal vital information
Binance, one of the leading cryptocurrency exchanges, has recently announced the expansion of its free trading options for the spot and margin trading pairs of the First Digital USD (FDUSD) stablecoin. This move comes as part of Binance’s ongoing efforts to encourage its users to embrace the FDUSD stablecoin. The new trading pairs include popular
In response to the charges brought by the U.S. Securities Exchange Commission (SEC), Kraken, a prominent digital asset exchange, is determined to fight and address the complaint in court. According to Marco Santori, the Chief Legal Officer (CLO) of Kraken, the SEC’s allegations are baseless and lack substance. Speaking in an interview with CNBC, Santori
Today marks the highly-anticipated launch of Robinhood’s brokerage services in the United Kingdom (UK). This expansion represents a significant milestone for Robinhood, as it marks the company’s first venture beyond the confines of the United States. The UK customers will now have access to a wide range of investment opportunities, including over 6,000 U.S.-listed stocks
