CFTC Sues Gemini Over 2017 BTC Futures Contract Evaluation
- One of the main points of the complaint is that Gemini provided misleading information on how susceptible to manipulation the BTC futures contract could be.
- The CFTC seeks disgorgement of ill-gotten gains, civil monetary penalties, injunctions relating to registration and trading, and an injunction against further violations of the Commodity Exchange Act.
June 2, 2022, 6:59 PM
Founders of Gemini Tyler Winklevoss (L) and Cameron Winklevoss speak onstage during TechCrunch Disrupt NY 2015 on day 3 at The Manhattan Center on May 6, 2015 in New York City. Noam Galai/Getty Images for TechCrunch
Bitcoin’s Rise in The Central African Republic
- While not the largest countries in the world, CAR and El Salvador’s decision to legalise Bitcoin will surely have an effect on the rest of the world.
- With the rise of Bitcoin, more and more crypto-based platforms will increase their popularity and improve the industry’s potential.
May 19, 2022, 8:56 PM
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Goldman Sachs Approves First BTC-Backed Loan
- A Goldman Sachs spokesperson noted that the deal was particularly interesting because of its unique structure and 24/7 risk management.
- The move comes at a time when Wall Street firms have started to increase their involvement in the crypto space.
April 29, 2022, 12:02 PM
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Fidelity to Offer BTC Exposure to 401(k) Savings Accounts
- Once the change has been implemented, more than 23,000 U.S.-based companies could allow their employees to invest in BTC through their 401(k) retirement savings accounts.
- Fidelity plans to release the new option later this year, allowing 401(k) account holders to invest up to 20% of their portfolio in BTC.
April 26, 2022, 12:24 PM
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Mar 14, 2022
CoinJoin to Block BTC Tied to Illegal Activities
- The Bitcoin mixing service will now block certain unspent transaction outputs from registering through its default zkSNACKs coordinator.
- One of the developers of the service noted that the blacklist will apply only for the default coordinator, and not to alternatives.
Mar 2, 2022
Ukraine Receives Over $35M in Crypto Donations, Announces Airdrop
- In order to thank the crypto community for its support, the Ukrainian government is planning to conduct an “airdrop” to donors that have contributed crypto.
- Although the Ukrainian government accepts donations only in ETH, BTC, USDT, and DOT, Uniswap has launched an interface that converts ERC-20 tokens into ETH before sending them to Ukraine.
Mar 1, 2022
CME Group to Launch Micro BTC and ETH Options
- Genesis Global Trading, Cumberland, and Akuna Capital will be providing liquidity for CME Group’s new crypto investment vehicle.
- The new micro BTC and ETH options, expected to start trading on 28 March, will allow for a wider range of market participants to manage their exposure.
Dec 14, 2021
NYDIG Now Valued at $7B After Latest Funding Round
- The $1 billion NYDIG funding round, one of the largest in the crypto industry, was led by WestCap, and saw participation from Morgan Stanley, Bessemer Venture, FIS, and others.
- This is NYDIG’s third funding round this year, with the company raising $200 million back in March, and $100 million in April.
Dec 2, 2021
Mercado Pago to Launch Crypto Services in Brazil Through Paxos
- The new feature, expected to launch by the end of December, will give Brazilian Mercado Pago users access to Bitcoin, Ethereum, and the Pax Dollar.
- Once the feature is launched, Brazilian users will be able to directly buy crypto using their existing account balance.
Nov 29, 2021
MicroStrategy Buys $414M Worth of Bitcoin
- MicroStrategy revealed on Monday it had purchased a total of 7,002 BTC for $414 million during its fourth fiscal quarter this year.
- Currently holding 121,044 BTC, worth almost $7 billion, the company is sitting on a potential profit of more than $3 billion.