After threatening to do so for months, Gemini Trust Company accused Digital Currency Group (DCG) and its CEO Barry Silbert of fraud in a lawsuit filed Friday. In the complaint, the New York-based crypto exchange accuses DCG—parent company of bankrupt digital asset firm Genesis—and its founder of making “false, misleading, and incomplete representations and omissions to Gemini.” Gemini and Genesis…
Lawyers representing Elon Musk asked a federal judge to throw out a complaint that called for their removal after plaintiffs in a class-action lawsuit by Dogecoin investors accused them of acting improperly. Musk’s lawyers called the request an “insult,” and a waste of the court’s time. In a biting 17-page filing, Musk’s lawyers said that the allegations they acted out…
beginner Imagine a world where you have full control over your money, a place where the transactions you make aren’t tied to a central authority like a bank or government, and the fees for sending money across the world are minuscule. Welcome to the world of Bitcoin. The first cryptocurrency has provided people with an alternative to fiat currency, becoming…
United States-based cryptocurrency exchange Gemini has announced legal action against the conglomerate Digital Currency Group (DCG) and its CEO Barry Silbert, claiming “fraud against creditors”. In a July 7 filing in a New York court, Gemini alleged DCG and Silbert engaged in a scheme involving lending “huge amounts of cryptocurrency and U.S. dollars” to Genesis. According to the filing, Gemini…
Bitcoin (BTC) will be the currency of artificial intelligence (AI) and could reach a price per coin of $760,000 in the process, Arthur Hayes says. In his latest essay titled “Massa,” the former BitMEX CEO concluded that the AI revolution would naturally gravitate toward BTC. Hayes: Bitcoin is “logical currency choice for AI” Despite fiat currency regimes being destined to…
The legal team representing the billionaire entrepreneur George Bachiashvili has issued a statement denying the criminal charges filed by the Prosecutor’s Office of Georgia, alleging that the businessman misappropriated Bitcoin (BTC) worth $39 million. On July 6, the prosecutor’s office charged Bachiashvili with the misappropriation of crypto and money laundering. In 2015, the office said that Bachiashvili engaged in Bitcoin…
Coin Stories host Natalie Brunell — who has 302,600 followers on Twitter — recalls feeling very tense before meeting with Salvadoran President and Bitcoin maximalist Nayib Bukele in March 2022. “It was very formal, there were guards outside his office. What is funny is it felt very formal outside of his actual office. Then you walk in, and he’s very…
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From thumbs-ups from friendly strangers to midnight police searches, a Bitcoin-themed van continues a whirlwind tour around Europe. Ariel Aguilar has been behind the wheel of Bitcoin (BTC) promotion efforts, driving across Europe in a BTC-themed van called La Bitcoineta. Speaking to Cointelegraph journalist Joe Hall at Plan B Summer School, the Argentinian Bitcoin proponent recalled highs and lows of…
In mid-April 2023, a frog memecoin called Pepe dominated discussions in crypto circles after going up parabolically in the span of a few hours, going up by as much as 21,000%. Pepe follows a long list of memecoins led by Doge and Shiba Inu that made millions for some and lost even more money for others. In early April 2023,…
