Gemini has reached a settlement in principle with Genesis, detailing a plan to distribute $1.8 billion to Earn users, with the process starting within two months, pending court decision. In a recent announcement by Gemini, the crypto exchange outlined its in principle agreement with Genesis, aiming to resolve the Earn program‘s disruption. Gemini’s Asset Recovery...
Social messaging app Telegram is introducing an advertising platform that enables channel owners to receive rewards in Toncoin. The Telegram Ad Platform will officially launch in March to advertisers in nearly 100 countries, CEO Pavel Durov announced Wednesday. “Channel owners in these countries will start receiving 50% of any revenue that Telegram makes from displaying...
Asset managers Ark Invest and 21Shares have announced a collaboration to enhance transparency for their ARK 21Shares Bitcoin ETF (ARKB) by integrating Chainlink’s Proof of Reserve platform to verify holdings data. Announced Wednesday, the Chainlink integration aims to provide investors with real-time, verifiable insights into the ETF’s holdings. Ark Invest and 21Shares Integrate Chainlink to...
Romance scams were a brutal driver of illicit crypto activity last year, according to blockchain investigators at Chainalysis. The blockchain intelligence platform’s 2024 Crypto Crime Report states that so-called “pig butchering scams” nearly doubled their revenue in 2023 compared to 2022, and have already multiplied by 85X since 2020. The Size Of Crypto Romance Scams...
In the first two months of 2024, hacks across the Web3 space cost over $200 million, according to the latest report by Immunefi, the blockchain cybersecurity platform protecting over $60 billion in assets. In February, the losses amounted to nearly $70 million. According to the ‘Crypto Losses in the February 2024 Report,’ Web3 has lost...
Lawyers for disgraced former FTX CEO Sam Bankman-Fried (SBF) have argued that judges should consider their client’s autism traits when deciding his prison sentence. SBF faces a maximum of 110 years between seven counts of money laundering, wire fraud and securities fraud. However, his defense team argues a sentence of 5-to-6.5 years if fairer, as...
After exploiting a vulnerability in the Seneca protocol on Wednesday, a hacker returned $5.3 million in stolen funds to the project on February 29. The returned amount represents 80% of the reported $6.4 million stolen funds. The hacker agreed to accept a 20% bounty, amounting to $1.28 million, as recognition for identifying the vulnerability within...
In a new development for the emerging U.S. cryptocurrency regulation landscape, the Chamber of Digital Commerce has voiced its backing for Kraken amid the exchange’s ongoing legal battle with the SEC. This support was conveyed in February 27 court filing, as Kraken continues to counter allegations from the SEC that it operated unlawfully. According to...
The newly launched IOTA Ecosystem Foundation is committing $10 million to early-stage startups focused on tokenized trading for real-world assets (RWAs). The specific startups receiving funding will be revealed in the coming weeks, though the initial investment will focus on companies in the United Arab Emirates (UAE) and Africa, according to a February 29 press...
Indian shares ended a choppy session higher on Thursday as signs of softening inflation in Spain, France and six economically important German states fueled debate on when the European Central Bank would cut interest rates. The upside remained capped somewhat ahead of the release of the U.S. personal consumption expenditures (PCE) price index, the Fed\'s...