Gemini exchange recently announced that users of its Earn product have received $2.18 billion worth of their digital assets, which accounts for 97% of the total digital assets owed to them. This distribution is a significant milestone following the collapse of crypto lender Genesis, which had ceased withdrawals in November 2022. Gemini confirmed that the
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Former FTX co-CEO Ryan Salame has been sentenced to 90 months in prison after pleading guilty to conspiring to make illegal political contributions and defraud the Federal Election Commission. The sentence was handed down by US District Judge Lewis A. Kaplan, following Salame’s involvement in running an unlicensed money-transmitting business through FTX Digital Markets, the
Gemini’s recent announcement of successfully recovering almost all of its customers’ digital assets has sent ripples throughout the cryptocurrency community. This unprecedented recovery by the crypto exchange, established by the Winklevoss twins, has showcased a level of responsibility and commitment that is commendable in the industry. The news broke on Wednesday, with Gemini revealing that
The Sandbox, a decentralized gaming platform, has taken a significant step towards community governance by introducing The Sandbox DAO. This decentralized autonomous organization aims to empower SAND token holders and virtual LAND owners to actively participate in the decision-making processes of the platform. The implementation of The Sandbox DAO is divided into three distinct phases.
The enigmatic world of Bitcoin continues to captivate investors with its price fluctuations. A recent analysis by Cryptorphic, a prominent crypto analyst, suggests a potential bright future for Bitcoin. Cryptorphic’s prediction of Bitcoin hitting a staggering $156,000 by May 27th, 2025, is based on a historical phenomenon known as the halving. Every four years, the
The recent surge in Ethereum meme coin markets has brought attention to Baby Apu Apustaja (BAPU), with the coin experiencing sensational overnight gains. The current market price for BAPU stands at $0.000000059, representing a significant 24-hour change of +8,522%. The coin’s technical rally has been impressive, hitting a local all-time high at $0.00000007 around 3AM
The US District Court for the District of Utah has recently made a decision to dismiss the Securities and Exchange Commission’s (SEC) case against DEBT Box without prejudice. In addition, the court has imposed fines totaling over $1.8 million against the SEC for what it deemed as bad faith conduct. The fines, which will be
The recent pump of the new Solana meme coin SHIB has caught the attention of many traders in the crypto market. With a staggering 24-hour change of +5,300%, SHIB on Solana is currently trading at a market price of $0.00388. The price action suggests that the token is in a consolidation phase, primed for a
The Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has confirmed that it has not sold its significant Bitcoin holdings despite transferring over 140,000 BTC (approximately $10 billion) today. The trustee clarified in a May 28 statement that preparations to repay creditors were ongoing. According to the firm, the bankruptcy process will compensate creditors
In the world of cryptocurrency, there is a well-known analyst and enthusiast named Crypto Con who has shared a positive sentiment surrounding the future of Bitcoin. According to Crypto Con’s analysis, historical patterns indicate that the price of BTC might skyrocket to $123,832 in the upcoming months. By closely studying past market behavior and trends,