New York-based cryptocurrency exchange Gemini announced late Wednesday that the parties involved in the bankruptcy of cryptocurrency lending company Genesis have agreed to return $1.1 billion in digital assets to users of the platform’s Earn program.“We have finally reached an agreement in principle with Genesis and other creditors in the Genesis bankruptcy, subject to approval by the Bankruptcy Court. This will result in all Earn users receiving 100% of their digital assets back in kind,” the company wrote. Revenue Update: Today we are pleased to announce that we have reached an agreement in principle with Genesis and other creditors regarding…
Author: Crypto Flexs
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VanEck has launched SegMint, a new digital asset management platform to simplify self-management of assets and improve the security and accessibility of digital ownership. Investment giant VanEck has announced the launch of SegMint GmbH, a cutting-edge digital asset management platform. The platform is poised to transform the digital asset space by offering an innovative “lock and key model” that makes self-custodial asset management more accessible and secure. This announcement comes as the digital asset industry is seeing exponential growth in monthly active wallets, with Ethereum alone boasting 11.8 million. The need for mechanisms that simplify ownership sharing without compromising security…
Ethereum price surpassed $3,400, hitting its highest level in months. ETH is consolidating like Bitcoin and seems poised for another bull run. Ethereum extended its gains above the $3,400 resistance zone. The price is trading above $3,350 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trendline with support at $3,250. The pair may move lower, but the decline may be limited below the $3,250 support zone. Ethereum price rally extends Ethereum price remained in bullish territory after stabilizing above the $3,000 pivot level. Bitcoin showed strong movement above the…
The price of LTC has fluctuated slightly over the last 24 hours. Bearish sentiment surrounding the coin dominated the market. Litecoin (LTC) Investors were not satisfied because LTC did not follow the bull market trend. However, once prices reach a critical level, things can soon turn in their favor, which historically has been the case with bull markets. What is Litecoin doing? According to CoinMarketCap, the price of LTC has risen slightly over the past 24 hours, while several cryptocurrencies have shown promising gains. At the time of this writing, LTC had a market capitalization of over $5.6 billion and…
Ethena Lab’s stablecoin USDe has seen its market capitalization soar to $500 million as nearly half of its tokens are put into staking, increasing the project’s resilience. Amid cryptocurrency strength, Bitcoin, which has a market capitalization of $62,000, has surged nearly 40% over the past month. Similarly, Ethereum worth $3,402 also increased by 47% during the same period. USDe experiences massive growth in market capitalization In a post on X (formerly Twitter), on-chain data researcher Tom Wan informed his 9,585 followers that USDe had reached a market capitalization of $500 million. He also highlighted the significant returns that investors can…
The U.S. Securities and Exchange Commission asked the Delaware Bankruptcy Court to deny Terraform Labs’ retaining Dentons US LLC as special counsel, alleging “suspicious” payments were made to Dentons in a filing Tuesday. The SEC said in the filing that Terraform Labs transferred a “staggering” $166 million to Dentons Advance Payment Retainer, $122 million of which was transferred within 90 days before the bankruptcy filing. The SEC argued that the action appears aimed at stripping the company of assets that could be used to pay judgments resulting from the agency’s enforcement actions.The agency alleged that $122 million was transferred to…
Famous whistleblower Edward Snowden made a bold prediction about X today, suggesting that national governments will enter the Bitcoin market by purchasing BTC this year.JUST IN: Edward Snowden predicts "It is expected to be revealed that the government made the purchase this year. #Bitcoin Without revealing that fact publicly." pic.twitter.com/ECauNV3DvA— Bitcoin Magazine (@BitcoinMagazine) February 28, 2024 “Prediction: This year, national governments will be found to have purchased Bitcoin, a modern alternative to fiat gold,” Snowden said.Snowden’s prediction comes amid growing institutional, retail and sovereign interest in Bitcoin, with several major corporations and investment firms allocating significant resources to the asset.…
San Francisco, CA, February 28, 2024, Chainwire Algotech presale surpassed $1 million in just a few weeks, revolutionizing the DeFi scene. Algotech presale surpassed $1 million in just a few weeks, revolutionizing the DeFi scene! Emerging cryptocurrency trading platform Algotech (ALGT)) known for being famous Its cutting edge features. The TradFi platform features advanced algorithms that give traders a competitive edge. This platform initially attracted attention for its fusion of artificial intelligence (AI) and blockchain technology. Algotech’s technology infrastructure leverages the latest developments in AI technology to provide users with an exceptional trading experience. The decentralized nature of blockchain technology…
February 29: Marathon Digital Holdings, a publicly traded Bitcoin mining company, said it is incubating Anduro, a new programmable multi-chain layer 2 network on top of the Bitcoin blockchain. According to the press release, it is “a platform built on the Bitcoin network that allows for the creation of multiple sidechains.” “Marathon is already developing the first two sidechains, Anduro, Coordinate, and Alys, which can be further developed by open source contributors. These chains demonstrate the flexible programmability of Anduro. Coordinate will provide the Ordinals community with a cost-effective UTXO stack. Alys, on the other hand, is an Ethereum-compatible chain…
Dashcoin is a privacy-focused digital currency that aims to revolutionize the way we transact online. With its cutting-edge technology and focus on user anonymity, Dashcoin is quickly gaining popularity in the cryptocurrency world. In this article, we will examine the features that make Dashcoin stand out from other digital currencies and explore its potential as a currency of the future. Key Features of Dash Coin seclusion: Dashcoin uses advanced encryption technology to ensure user anonymity and transaction privacy. This is ideal for individuals who prioritize privacy in their online transactions. Instant Transaction: Dashcoin transactions are processed almost instantly, allowing users…