Gemini’s complaint filed in July alleged DCG and Barry Silbert had made “false, misleading, and incomplete representations and omissions” related to Genesis and the Earn program. Source: https://cointelegraph.com/news/digital-currency-group-files-motion-dismiss-gemini-lawsuit-claiming-public-relations-campaign
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Roblox is one of the most popular video game platforms in the world, drawing in tens of millions of daily users to play and create while serving as an entryway into the metaverse for creators and brands alike. And the company’s CEO thinks generative AI will only improve the…
Ether (ETH) price has been locked within a tight trading range spanning from $1,800 to $1,900 since July 21. This remarkable lack of volatility has instilled a sense of uncertainty and skepticism among investors, despite recent positive developments which include the launch of PayPal’s Ethereum-based stablecoin, and a surge in requests for Ether-based exchange-traded funds (ETFs). PayPal’s entrance into the…
Digital Currency Group (DCG) and CEO Barry Silbert filed a motion on Thursday to dismiss a lawsuit brought by Gemini Trust Company last month. Gemini accused DCG and Silbert of making “false, misleading, and incomplete representations” to Gemini after Genesis—which is owned by DCG—filed for Chapter 11 bankruptcy in January. Gemini’s complaint included an allegation that Silbert knew Genesis was…
A newly discovered vulnerability in the Libbitcoin Explorer 3.x library has allowed over $900,000 to be stolen from Bitcoin users, according to a report from blockchain security firm SlowMist. The vulnerability can also affect users of Ethereum, Ripple, Dogecoin, Solana, Litecoin, Bitcoin Cash and Zcash who use Libbitcoin to generate accounts. SlowMist Security Alert Recently, #Distrust discovered a severe vulnerability affecting…
Crypto exchange Gemini today announced support for Ripple (XRP), allowing customers to deposit—but not custody—the asset on its platform. The New York-based exchange said Thursday it was adding support for the blockchain because it was “an important step on our mission to unlock the next era of financial, creative, and personal freedom.” Users can right now just deposit the cryptocurrency…
Twenty-seven percent of the funds stolen in the July 30 exploit have yet to be returned. Source: https://cointelegraph.com/news/binance-invests-5-million-curve-crv-token-hacker-partially-returns-funds
Stablecoin issuer Circle has a $1 billion cash reserve pegged as insurance against a declining market capitalization and fresh competition from the traditional finance and technology industries, said CEO Jeremy Allaire. In an interview with Bloomberg, Allaire revealed the war chest and shared his views on the uptick in competition from organizations such as PayPal that are new to the…
There was a time when anything generated by ChatGPT was fascinating. To fathom that a super-intelligent robot was writing poetry, drafting legal documents or even acting as a personal life coach was mind-boggling. As if each prompt was a window into a kind of shared human consciousness. That was the novelty then, at least. But it’s been nine months since…
After a surge in personal identity thefts and digital financial crimes, Chinese police are taking closer scrutiny at the Web3 sector. During a press conference hosted by China’s Ministry of Public Security, Jinfeng Sun on August 10, political commissar of the Network Security Bureau, said there has been a spree of incidents involving the use of Trojan viruses, phishing sites,…
