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Genesis Withdrawal Pause Is Affecting Gemini Lending Program
Genesis Withdrawal Pause Is Affecting Gemini Lending Program

On November 16th, 2022 Tyler and Cameron Winklevoss’ cryptocurrency platform Gemini Trust Co. claimed that customer redemptions for its Earn program are being delayed after its partner, Genesis Global, halted withdrawals on its borrowing platform due to a liquidity shortage. According to a statement from Gemini Earn’s website page,

News  •  Business  •  Nov 16, 2022
Binance Offers To Buy FTX Exchange Amid Liquidity Crises
Binance Offers To Buy FTX Exchange Amid Liquidity Crises

Following a liquidity crisis at FTX, CEO Sam Bankman-Fried announced that Binance will likely acquire FTX Exchange, pending due diligence. Bankman-Fried confirmed the agreement in a tweet this morning. https://twitter.com/SBF_FTX/status/1590012124864348160 Shortly after the announcement, Binance CEO Changpeng Zhao tweeted that FTX asked for help

News  •  Altcoins  •  Nov 08, 2022
U.S. Department of Justice Seized $3.36 Billion Worth of Bitcoin Related to Silk Road Marketplace
U.S. Department of Justice Seized $3.36 Billion Worth of Bitcoin Related to Silk Road Marketplace

According to a press release, the U.S. Department of Justice has confiscated approximately $3.36 billion in Bitcoin associated to Silk Road that has been missing since 2012.  Property developer James Zhong, who stole 51,680.32473733 BTC from Silk Road, has admitted to committing wire fraud in order

News  •  Bitcoin  •  Nov 07, 2022
CleanSpark Mines Record Number of Bitcoin in October
CleanSpark Mines Record Number of Bitcoin in October

An energy company turned Bitcoin miner, CleanSpark Inc., generated a record number of new BTC in October 2022. The company said in a statement that it mined 532 Bitcoin during last month which is an increase of roughly 20% from September. CleanSpark also shared improvements made on their immersion cooling

News  •  Bitcoin  •  Nov 03, 2022
South African Retailer Pick n Pay Will Accept Bitcoin Payments
South African Retailer Pick n Pay Will Accept Bitcoin Payments

South African food retailer, Pick n Pay, has announced that it will start accepting Bitcoin payments in 39 stores across major cities before gradually rolling out the feature to all of its 2,000 branches in the coming months.  The new payment gateway will allow customers to pay for groceries

News  •  Bitcoin  •  Nov 02, 2022
Genesis Withdrawal Pause Is Affecting Gemini Lending Program
Genesis Withdrawal Pause Is Affecting Gemini Lending Program

On November 16th, 2022 Tyler and Cameron Winklevoss’ cryptocurrency platform Gemini Trust Co. claimed that customer redemptions for its Earn program are being delayed after its partner, Genesis Global, halted withdrawals on its borrowing platform due to a liquidity shortage. According to a statement from Gemini Earn’s website page,

News  •  Business  •  Nov 16, 2022
Featured Articles 4 Articles
Business View All
The Smarter Web Company Adds 10 Bitcoin to Treasury
The Smarter Web Company Adds 10 Bitcoin to Treasury

The Smarter Web Company acquired 10 Bitcoin for £672,097, increasing total holdings to 2,674 Bitcoin under its long-term treasury policy.

Steak ’n Shake Introduces Bitcoin Bonus Program for Hourly Workers
Steak ’n Shake Introduces Bitcoin Bonus Program for Hourly Workers

Steak ’n Shake will pay hourly workers a $0.21-per-hour Bitcoin bonus starting March 1st.

Strategy Surpasses 700,000 Bitcoin Holdings Following $2.1 Billion Acquisition
Strategy Surpasses 700,000 Bitcoin Holdings Following $2.1 Billion Acquisition

Strategy bought 22,305 Bitcoin for about $2.13 billion, raising its total holdings to 709,715 Bitcoin, according to an SEC filing.

B HODL Completes Bitcoin-Backed Loan Drawdown and Adds One Bitcoin to Treasury
B HODL Completes Bitcoin-Backed Loan Drawdown and Adds One Bitcoin to Treasury

B HODL drew £74,250 under its Bitcoin-backed loan facility to buy one Bitcoin, increasing total holdings to 159.295 Bitcoin.

Politics View All
Bitcoiners Push Back on Quantum Computing Risk Claims
Bitcoiners Push Back on Quantum Computing Risk Claims

Bitcoiners say quantum computing does not pose an immediate threat and that the network has time to prepare for potential long-term risks.

CFTC Clears Path for Federally Regulated Spot Bitcoin and Crypto Trading
CFTC Clears Path for Federally Regulated Spot Bitcoin and Crypto Trading

The CFTC will allow federally regulated spot Bitcoin and crypto trading for the first time as Bitnomial prepares to launch its new exchange.

Turkmenistan Approves New Law for Bitcoin and Digital Asset Operations
Turkmenistan Approves New Law for Bitcoin and Digital Asset Operations

Turkmenistan has enacted a new law regulating Bitcoin and digital asset activities with licensing requirements and defined legal status.

Texas Buys $5 Million in Bitcoin in First State-Level Purchase of BlackRock’s Spot ETF
Texas Buys $5 Million in Bitcoin in First State-Level Purchase of BlackRock’s Spot ETF

Texas bought $5 million of Bitcoin through BlackRock’s IBIT ETF as its first step toward a state Strategic Bitcoin Reserve.

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