Author: CryptooTimes
The legislation, passed out of committee in July 2023, would clarify how the U.S. Commodity Futures Trading Commission and Securities and Exchange Commission handle crypto. Source link
A Monday rally during the U.S. trading day put an end to what had been very muted crypto price action over the previous 72 hours, pushing bitcoin (BTC) above $68,000 for the first time in more than five weeks. At press time, the world’s largest crypto was changing hands at $68,250. Source link
The New York Attorney General Letitia James has reached a $2 billion settlement with Digital Currency Group subsidiary Genesis. According to a press release from the Attorney General’s office, New York’s settlement with the crypto lender aims to reimburse creditors and demonstrates the “real-world consequences” caused by an apparent lack of oversight on digital assets and the crypto landscape. Backed by Barry Silbert’s Digital Currency Group (DCG), Genesis was one of the largest crypto lenders and partnered with Gemini Exchange for a yield-bearing product called Gemini Earn. In 2022, Genesis faced bankruptcy following the crash of Do Kwon’s Terraform blockchain…
Bitcoin price is chasing after its all-time high and altcoins appear ready to follow. Source link
“Michael guided the firm through exponential growth & oversaw its pivotal role in bringing spot bitcoin ETFs to market, leading the way for the broader financial industry,” Barry Silbert, CEO of Grayscale’s parent company Digital Currency Group, wrote on X. Source link
Re.al has officially rolled out its mainnet, launching a new blockchain platform aimed at managing real-world assets such as properties and commodities and promises to return all profits to the users. Running on Arbitrum (ARB) Orbit and powered by Gelato’s Rollup-as-a-Service, re.al has made a strong start with $40 million already locked in and 190 properties ready for tokenization. The platform aims to address persistent issues in decentralized finance (defi) by making assets more accessible for trading, improving interoperability, and ensuring fluidity. “Its speed, flexibility, and security are exactly what we need to nurture an ecosystem centered around tokenizing real-world…
The paper, released in 2014, lays the foundations for blockchain privacy and scaling. Source link
Years before anyone used the term “Web3,” Novaes hatched a project that rewarded users for doing everyday tasks, like watching videos or reading the news: Mode Mobile. People liked it. Using a custom smartphone, the “EarnOS” lets you stream music and get paid for it, hence the tagline “turning smartphones into earnphones.” Mode Mobile was named as Deloitte’s #1 fastest growing software company, has over 10 million downloads on the Google Play store, and claims to have helped users earn and save over $250 million. More importantly, the model lets brands reach consumers directly… without forking over rent to Google…
Web3 entertainment firm Imaginary Ones, in collaboration with fashion brand HUGO, has unveiled a new customizable denim jacket integrated with web3 features. Per a press release shared with crypto.news, the special-edition item, part of HUGO’s denim-focused new line, HUGO BLUE, aligns with the brand’s strategy to engage with Gen-Z audiences through gaming and Metaverse platforms. Details of the jacket were initially shared with the Imaginary Ones community on Discord and X on March 12. From March 14, community members were able to book the physical jacket using Tether’s USDT. All the jackets were reserved within an hour of launch. The…
The attorney general’s office filed a lawsuit against Genesis in October 2023 for allegedly defrauding investors through the Gemini Earn program. Source link
