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SEC Charges Genesis and Gemini With Offering Unregistered Securities
SEC Charges Genesis and Gemini With Offering Unregistered Securities
News  •  Business  •  Jan 12, 2023 by Deniz Saat

The unregistered offering and sale of securities to retail investors through the Gemini Earn crypto asset lending program was charged by the Securities and Exchange Commission (SEC) today against Genesis Global Capital, LLC and Gemini Trust Company, LLC.  The SEC claims that Genesis and Gemini raised billions of dollars’ worth

Samsung Asset Management Will Launch Bitcoin Futures ETF in Hong Kong
Samsung Asset Management Will Launch Bitcoin Futures ETF in Hong Kong
News  •  Bitcoin  •  Jan 12, 2023 by Deniz Saat

A Bitcoin exchange-traded fund (ETF) is being introduced by Samsung Asset Management in Hong Kong. According to a report by Fortune Korea, the Samsung Bitcoin Futures Active ETF (3135:HK) invests in Bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME) in an effort to achieve performance that is

EU Lawmakers Set Up Stricter Bitcoin and Crypto Regulations for Banks
EU Lawmakers Set Up Stricter Bitcoin and Crypto Regulations for Banks

European Union legislators have voted in favor of imposing rigorous capital requirements on banks that hold Bitcoin and cryptocurrencies. Economic spokesperson for the EU parliament’s European People’s Party Markus Ferber states that “banks will be required to hold a euro of their own capital for every euro they

News  •  Politics  •  Jan 24, 2023
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EU Lawmakers Set Up Stricter Bitcoin and Crypto Regulations for Banks
EU Lawmakers Set Up Stricter Bitcoin and Crypto Regulations for Banks

European Union legislators have voted in favor of imposing rigorous capital requirements on banks that hold Bitcoin and cryptocurrencies. Economic spokesperson for the EU parliament’s European People’s Party Markus Ferber states that “banks will be required to hold a euro of their own capital for every euro they

News  •  Politics  •  Jan 24, 2023
SEC Charges Genesis and Gemini With Offering Unregistered Securities
SEC Charges Genesis and Gemini With Offering Unregistered Securities

The unregistered offering and sale of securities to retail investors through the Gemini Earn crypto asset lending program was charged by the Securities and Exchange Commission (SEC) today against Genesis Global Capital, LLC and Gemini Trust Company, LLC.  The SEC claims that Genesis and Gemini raised billions of dollars’ worth

News  •  Business  •  Jan 12, 2023
Samsung Asset Management Will Launch Bitcoin Futures ETF in Hong Kong
Samsung Asset Management Will Launch Bitcoin Futures ETF in Hong Kong

A Bitcoin exchange-traded fund (ETF) is being introduced by Samsung Asset Management in Hong Kong. According to a report by Fortune Korea, the Samsung Bitcoin Futures Active ETF (3135:HK) invests in Bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME) in an effort to achieve performance that is

News  •  Bitcoin  •  Jan 12, 2023
Gemini Releases Open Letter for Removal of Digital Currency Group’s CEO Barry Silbert
Gemini Releases Open Letter for Removal of Digital Currency Group’s CEO Barry Silbert

Cameron Winklevoss, the co-founder of Gemini, has published a letter in which he accuses Genesis and its parent company, Digital Currency Group (DCG), of defrauding Gemini and over 340,000 Gemini Earn users. In addition, the letter claims Barry Silbert committed acts of fraud along with other key personnel within

News  •  Business  •  Jan 10, 2023
BlackRock Lends $17 Million To Bankrupt Bitcoin Miner Core Scientific
BlackRock Lends $17 Million To Bankrupt Bitcoin Miner Core Scientific

According to a filing with the U.S. Securities and Exchange Commission (SEC) made on December 30th, 2022, investment juggernaut BlackRock (BLK) pledged $17 million to bankrupt Bitcoin miner Core Scientific (CORZ) as part of a new $75 million loan from the miner’s secured convertible note holders. BlackRock is

News  •  Bitcoin  •  Jan 03, 2023
Breaking Down the European Central Bank’s Latest Critique of Bitcoin
Breaking Down the European Central Bank’s Latest Critique of Bitcoin

The latest blog released by the European Central Bank (ECB) has gained a lot of attention amongst Bitcoiners. Titled “Bitcoin’s last stand,” the blog post contains misleading remarks and statements about Bitcoin on many levels without any supporting evidence or data.  Below are the main points of contention from

News  •  Bitcoin  •  Dec 26, 2022
Brazil Passes Bill To Recognize Bitcoin and Digital Assets as Payment
Brazil Passes Bill To Recognize Bitcoin and Digital Assets as Payment

According to Brazil’s federal government’s official journal (DOU), President Jair Bolsonaro signed a bill into law on December 22nd that creates a comprehensive regulatory framework for Bitcoin transactions in the country. The bill was passed by Congress in November and was enacted today by President Bolsonaro without any

News  •  Bitcoin  •  Dec 22, 2022
Bitcoin Miner Core Scientific Files for Bankruptcy
Bitcoin Miner Core Scientific Files for Bankruptcy

In order to restructure its debt, Core Scientific (CORZ), one of the largest Bitcoin miners by computing power, filed for bankruptcy on December 21st, 2022. The downturn in markets has had significant impacts on the business, forcing Core Scientific to file for Chapter 11 bankruptcy at the Southern District of

News  •  Bitcoin  •  Dec 21, 2022
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