SEC asks Congress for more cash, takes legal lumps for fibbing in digital currency TRO
The SEC is asking Congress for $2.594 billion in funding for the coming year, justifying the boost based on the “significant growth and change in our markets.”
Latest Genesis News
DCG’s Barry Silbert shorted Tether, pitched Winklevii on merging Genesis, Gemini
The proposed Gemini-Genesis-Digital Currency Group partnership would rival Coinbase and FTX, but Barry Silbert backpedaled with the suggested merger, citing "catastrophic risks" to the exchanges.
New York AG triples fraud loss claim against Digital Currency Group to $3 billion
The future of Barry Silbert's "crypto" empire is on the rocks after its losses mounted to over $3 billion as more investors came forward to take down Digital Currency Group over alleged fraud.
BTC ETFs finish first month on a high, but is the euphoria warranted?
While the nine BTC spot ETFs enjoyed positive inflows in the first week since their approval, not much can be said about this longevity, contrary to what many advocates paint them to be.
US securities, commodities regulators took the fight to ‘crypto’ crooks in 2023
U.S. regulators made their stance about 'crypto' clear, with the SEC taking 784 enforcement actions against 'crypto' firms and individuals in 2023, while the CFTC filed 96 digital asset cases.
NYAG fraud charges v. Digital Currency Group, Barry Silbert, Gemini & Genesis
The New York Attorney General’s charges were targeted at ending Gemini, Genesis, and Digital Currency Group's operations tied to the "purchase and sale of securities and commodities within or from New York."
SEC reportedly probing Genesis’ links to the Terra fraud
The digital asset lender has five days from the date of the order to comply by handing over the Securities and Exchange Commission’s requested documents, creating a deadline of October 18.
Genesis halts all digital asset trading activities across business units
Genesis assured clients that their derivative positions will be honored until expiry amid the suspension of its trading services, which will take effect on September 21.
The CoinDesk sale: Chickens coming home to roost
The CoinDesk sale is a significant event in the blockchain economy—a wake-up call for the community and a reminder that accountability is essential in any industry, including the blockchain industry.
Gemini, Genesis want SEC charges dismissed
Genesis and Gemini argued that the alleged ‘securities’ in this case are mere lone agreements being incorrectly characterized by the SEC as securities offerings.
Bitcoin token war 2.0?
The future of Bitcoin and its tokens remains uncertain—will the digital currency community learn from its past and find a way to reconcile its differences, or is another civil war inevitable?
CoinFLEX restructure approved by Seychelles court; Roger Ver nowhere to be seen
Under the plan, which was proposed in September 2022, CoinFLEX creditors will own 65% of the company, while Series A investors would lose their equity stakes. Series B shareholders will retain their status.