The changes could see creditors lose almost 40% of their original investments Gemini Earn creditors are upset over the company’s proposed reorganization plan, which could see the Bitcoin payouts promised virtually cut to about 30% of their current worth on the market. In a recent X post (formerly Twitter), Gemini Trust announced it sent creditors
The pair promised investors they could guarantee returns using AI-based trade bots The US Department of Justice (DOJ) has charged two individuals for operating an alleged $25-million artificial intelligence (AI) cryptocurrency-trading Ponzi scheme. According to the December 12 court filing, Australian David Gilbert Saffron and Vincent Anthony Mazzotta Jr. from Los Angeles have been accused
Senator Elizabeth Warren is doubling down on crypto enforcement Crypto legislation reintroduced in July has gained the support of several US Senators, but opposers have implied it could threaten financial independence and privacy. Massachusetts Senator Elizabeth Warren, a candid critic of digital assets in the US government, has reported that five more senators have agreed
Rumors that a Bitcoin ETF may be approved in January have Google making preparations Google has revised its cryptocurrency-related advertising policy and will permit ads for US-based crypto trusts beginning in January, around the same time Bitcoin exchange-traded funds (ETFs) are expected to be authorized in the country. In its December 6 policy change log,
The Jack Dorsey-backed company wants to make it easier for crypto fans to control their funds Block financial payment processor, co-founded by Jack Dorsey, has launched its self-custody Bitcoin wallet, meaning users who misplace their “Bitkey” wallet won’t need to enter a seed phrase to retrieve funds. In the December 7 announcement, developers said the
The accusations are the latest salvo in a battle between crypto and the securities regulator The US Security and Exchange Commission (SEC) initially deceived a court to freeze Debt Box’s assets, which was since reversed, with the blockchain tech company citing the action as grounds to dismiss the lawsuit. Debt Box and other defendants now
The cryptocurrency exchange continues to test new ways to facilitate transactions more easily A new feature offered by Coinbase Wallet allows users to transfer crypto via a link they can send through some of the most widespread social media and messaging apps as the exchange examines making its service available to a broader market. Recipients
A French hacker gambles on a unique defense and wins A man only identified as Mohammed M. and his brother were vindicated of all criminal charges, while €7.8 million (US$8.4 million) worth of crypto tokens became untouchable after getting stuck in a wallet. A French court has permitted the two brothers, guilty of stealing $8.5
The newest branch of the Armed Forces supports the expansion of cryptocurrency Major Jason Lowery of the US Space Force says the US should formally investigate utilizing proof-of-work networks like Bitcoin (BTC) to protect from cyber-inflicted warfare. On December 2, Lowery demonstrated in a four-page letter to the US Defense Innovation Board that while Bitcoin
The merger creates a US-based crypto mining powerhouse that could change the market Cryptocurrency mining firms Hut 8 Mining Corporation and US Bitcoin Corporation (USBTC) are uniting operations in an all-stock merger to create a new US-focused company named Hut 8 Corp (New Hut). Canadian-based Hut 8 revealed the culmination of the merger on November
The new payment options could indicate growing crypto acceptance across Europe Cryptocurrency payment platform Alchemy Pay has introduced new deposit options in Europe and the UK, including Single Euro Payments Area (SEPA) Instant and Faster Payments, the UK fast money transfer option. In the November 29 announcement, Alchemy Pay noted that the new payment options
Bybit is under investigation for allegedly offering its exchange services in the US without a license Coinbase is informing customers that it has been subpoenaed by the United States Commodity Futures Trading Commission (CFTC), according to X (formerly Twitter) users who posted a copy of the notice. The CFTC is pursuing information regarding the Bybit
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