Gemini’s newest project, Superlunar, isn’t a product or service company. It’s a Web3 research and design studio that will build on what the Gemini Opportunity Fund began in late 2020, giving $2 million to core Bitcoin developers. Gemini, which did $116 million in volume over the past 24 hours, is the ninth-largest crypto spot exchange, according to CoinMarketCap. “Superlunar, LLC…
Coinbase collateralized bitcoin for a cash loan with Goldman Sachs, the terms of which are currently undisclosed. The loan was facilitated by Goldman Sachs in the bank’s first bitcoin-backed loan. Goldman previously introduced itself to bitcoin through a non-deliverable bitcoin option facilitated by Galaxy Digital. Coinbase, a well-known cryptocurrency exchange, has partnered with Goldman Sachs in the bank’s first bitcoin-backed…
Gaming is now one of the most profitable sectors of the entertainment industry, with consumer spending in the United States growing 8% in 2021 to top $60.4 billion in revenue. Worldwide, the games market generated an estimated $180.3 billion in 2021, up 1.4%. Within that segment are the hugely popular play-to-earn blockchain-based games, which are growing at an even faster…
Wall Streeter Ken Griffin, who once referred to crypto as “a jihadist call” against the U.S. dollar, said Monday his concerns over helping fund North Koreans kept him and his firm out of crypto. Griffin, CEO of high-frequency trading firm Citadel, spoke Monday night at the Milken Institute Global Conference in Los Angeles about his evolving view of cryptocurrency. This…
We’re excited to announce that Kraken now supports NYM! Funding and Trading You can add NYM to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Trading will begin soon. Keep an eye on the status page for updates. Here’s what you need to know: Ticker NYM Tradeable against EUR, USD Price precision 6 decimal places…
The crypto community and Wall Street converged last week in Nassau, Bahamas, to discuss the future of digital assets during SALT’s Crypto Bahamas conference. The SkyBridge Alternatives Conference (SALT) was also co-hosted this year by FTX, Sam Bankman-Fried’s cryptocurrency exchange. Anthony Scaramucci, founder of the hedge fund SkyBridge Capital, kicked off Crypto Bahamas with a press conference explaining that the…
Despite the recent slump in the crypto market, 2022 is shaping up to be a lucrative year for decentralized autonomous organizations, the blockchain-based collectives better known as DAOs. According to the analytics website DeepDAO, DAO treasuries currently top $10.2 billion. Contributing to this trend is Syndicate DAO, which announced today that over 50 customers, partners, and DAOs have invested $6…
Mode, a UK-based fintech company listed on the London Stock Exchange, has relaunched its bitcoin cashback program. The updated program allows affiliate advertisements to pay Mode users up to 12% in bitcoin rewards.The original launch of bitcoin cashback with Mode capped existing users at 5% cashback, and new users had a one-time 10% cashback offer. Pro-bitcoin London Stock Exchange (LSE)…
The U.S. Securities and Exchange Commission (SEC) has nearly doubled the size of its Enforcement Division’s crypto unit. SEC Chairman Gary Gensler said the regulator “will be better equipped to police wrongdoing in the crypto markets while continuing to identify disclosure and controls issues with respect to cybersecurity.” SEC Strengthens Enforcement Division’s Crypto Unit The U.S. Securities and Exchange Commission…
The United States Securities and Exchange Commission (SEC) announced Tuesday that it would nearly double the number of personnel responsible for safeguarding investors in cryptocurrency markets. As per the announcement, the SEC’s Cyber Unit, which includes the Crypto Assets and Cyber team, will hire 20 new people for 50 dedicated positions. The SEC stated that the 20 hires would include…
