The recent lawsuit filed by Cameron and Tyler Winklevoss, the billionaire twins who own the crypto exchange Gemini, against Barry Silbert’s cryptocurrency conglomerate Digital Currency Group (DCG) may have an ulterior motive, according to a recent article in Fortune. The article suggests that the lawsuit might not even make it to court and instead could
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The Federal Tax Service (FTS) in Russia has stated that citizens can pay taxes on their cryptocurrency earnings, even though tokens have no legal status in the country. This latest development adds to the confusion surrounding the government’s stance on cryptocurrencies. While the Central Bank is in favor of a complete ban on all crypto-related
Bitcoin (BTC) made gradual progress towards the $31,000 mark on July 12, as the highly anticipated macroeconomic event of the week loomed. BTC’s price momentum was closely monitored by data from Cointelegraph Markets Pro and TradingView. Despite its steady rise, the largest cryptocurrency exhibited minimal volatility at the beginning of the week, with clearly defined
Bitcoin (BTC) and other digital assets, such as Tether (USDT), are currently being traded at an 8% discount on the Binance.US platform. The reason behind this situation is the liquidity problems that have arisen following a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). This discrepancy can be observed by comparing the trading
Grayscale, a renowned digital asset management company, has recently included Lido’s liquid staking protocol’s governance token in its DeFi fund. The firm announced that it has made adjustments to the fund’s portfolio by selling a specific amount of the existing Fund Components based on their respective weightings. The cash proceeds obtained from the sales were
Investor Luke Broyles has made a bold prediction that Bitcoin (BTC) will absorb all prosperity gains in the future, leaving those without exposure behind. In a Twitter thread on July 8, Broyles outlined his vision of Bitcoin becoming “society’s base money.” While initially discussing artificial intelligence (AI) and its relationship with Bitcoin, Broyles expanded on
The recent enactment of the European Union’s Markets in Crypto-Assets (MiCA) legislation on May 31 has both excited and concerned the crypto industry. While hailed as a groundbreaking regulatory framework for cryptocurrencies, there is growing apprehension regarding one specific aspect: the introduction of a daily transaction cap on private stablecoins. This limit, set at 200
U.S. Senator Tommy Tuberville of Alabama and Congressman Blaine Luetkemeyer have taken steps to request an investigation into Prometheum, Inc. by urging Attorney General Merrick Garland and Securities and Exchange Commission (SEC) Chair Gary Gensler to look into allegations of false testimony to Congress and potential violations of U.S. securities laws. In a letter dated
The latest report on nonfarm payrolls revealed that job additions in June were below economists’ expectations. With an increase of 209,000 jobs, the figures indicate a cooling labor market. However, market observers remained concerned about the average hourly earnings growth, which held steady at 0.4% from May and 4.4% from a year ago. Despite these
Digital Currency Group (DCG) has responded to a lawsuit filed by Gemini, accusing the company of defrauding its creditors. In the lawsuit, Gemini claims that DCG and its CEO, Barry Silbert, orchestrated and directly perpetrated a fraud against creditors. Specifically, Gemini alleges that Silbert pushed to continue the Earn program despite being aware of Genesis’