The recent announcement by the New York Attorney General’s (NYAG) office regarding the completion of its settlement with Gemini has raised many eyebrows in the crypto community. With the recovery of $50 million for users of the defunct Gemini Earn program, there are important lessons to be learned from this incident. Impact on Users The
Exchanges
The copy trading industry is evolving rapidly, with brokers now seeking sophisticated solutions to cater to their traders’ needs. In response to this demand, B2Broker has introduced a new generation of B2Copy, its proprietary investment platform. This platform combines copy trading, PAMM, and MAM functionalities, allowing businesses to streamline their investment operations effectively. One of
The latest version of B2BinPay has brought a significant enhancement in the form of TRX staking. Leveraging the advanced Stake 2.0 mechanism from the TRON community, this new feature offers increased flexibility, simplified user interactions, and enhanced efficiency in resource delegation and utilization. By staking TRX, B2BinPay clients can earn a passive annual yield of
BloFin Exchange, a prominent cryptocurrency trading platform, has recently announced its integration with the Chainalysis blockchain data platform. This integration is significant as it will enhance the exchange’s compliance capabilities and strengthen the security of its global user base. By implementing the Chainalysis crypto risk solution, BloFin can now monitor cryptocurrency transactions in real time,
In a recent announcement, Robinhood revealed its plans to acquire the global crypto exchange Bitstamp for around $200 million in cash. This strategic move is aimed at enhancing Robinhood’s position in the crypto market and expanding its offerings to institutional clients. The agreement between Robinhood and Bitstamp is subject to regulatory approvals and customary closing
Bybit, one of the largest cryptocurrency exchanges, recently made a bold move by removing China from the list of countries whose citizens are restricted from using its services. This decision, confirmed by CryptoSlate on June 5, has raised eyebrows in the crypto community. The list of restricted countries still includes major players like the United
Binance, one of the leading cryptocurrency exchanges, recently announced its decision to limit the availability of “unregulated stablecoins” in the European Union by June 30. This move comes in anticipation of the Markets in Crypto-Assets Regulation (MiCA) that is set to come into effect. The exchange pointed out that certain stablecoins may not comply with
Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit, challenging the SEC’s denial of its rulemaking petition. The crux of the issue lies in a single sentence in the SEC’s order, where the regulatory body “disagreed” with Coinbase’s assertion that current SEC rules are unworkable for digital asset
Gemini exchange recently made an announcement stating that users of its now-defunct Earn product have received a staggering $2.18 billion of their digital assets. This amount represents a significant portion of the total digital assets owed to Earn users, showing a remarkable recovery since the demise of Genesis, a crypto lender that ceased withdrawals in
The Rehabilitation Trustee of the now-defunct crypto exchange Mt. Gox has confirmed that despite transferring over 140,000 BTC (approximately $10 billion), it has not sold its significant Bitcoin holdings. The confirmation came through a statement on May 28, where the trustee emphasized that preparations for repaying creditors were still ongoing. The firm detailed that the
