Image Source: Shutterstock Crypto exchange Gemini has initiated a lawsuit against digital asset lender Genesis in an attempt to gain control over $1.6 billion worth of Grayscale Bitcoin Trust shares. The lawsuit, filed on Friday in the U.S. Bankruptcy Court Southern District of New York, aims to recover the shares…

Over the past week, the crypto market experienced significant fluctuations. Meme coins, such as PEPE coin , took center stage and reached a market cap of 500, nearly doubling its value.PEPE, after a meteoric rise influenced by pivotal events like a massive token burn and the market’s shifting focus from…

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. The Chimpzee (CHMPZ) project is achieving remarkable strides in its endeavors, and the upcoming debut of the Chimpzee shop is further fueling the anticipation. With its launch just around the corner, investors are flocking in, contributing…

Federal Reserve Vice Chair for Supervision Michael Barr Source: YouTube/FederalReserveBoston US regulators are finally discussing the subject of fiat-backed digital assets, popularly known as stablecoins. According to Federal Reserve Vice Chair for Supervision Michael Barr, it’s imperative that stablecoins also fall under the supervisory oversight of the government. Presenting his…

Sam Bankman-Fried, founder of the now-defunct crypto exchange FTX, continued his testimony in Manhattan federal court Friday afternoon. Bankman-Fried’s public image Bankman-Fried pushed back on former Alameda Research CEO Caroline Ellison’s claims that his now infamous unkempt hair and casual style of dressing were to benefit his image by stating…

Image Source: CNBC FTX founder Sam Bankman-Fried began testimony in his own fraud trial on Thursday, defending himself from accusations of intentionally defrauding his exchange’s customers. Prior to taking the stand, SkyBridge Capital founder Anthony Scaramucci said that the former crypto mogul’s odds against government prosecutors are bleak. “He’s gonna…

After an explosive +140% rally, Mina Protocol (MINA) price has crashed down -7% in a dramatic retracement move, leaving some panicked bag-holders asking ‘Is Mina Protocol Going to Zero?’. This comes amid a collapse in 24-hour trading volume, which surged to $1bn in the midst of the skyrocket move, before…

Moonveil’s game “Astrark.” Source: Moonveil.gg Web3 game studio Mooveil has announced the successful completion of a pre-seed/seed round fundraising, securing a total of $5.4 million in investments. The funding round was led by Gumi Cryptos Capital and Arcane Group, two prominent players in the crypto investment landscape. In addition to…

As the crypto industry pushes the limits of blockchain, the constant pursuit of innovation and sustainability takes center stage, with various consensus mechanisms vying for the spotlight, among them, Proof of Authority (PoA), employed by Vechain, emerges as a growing alternative, challenging Ethereum’s widely acclaimed Proof of Stake (PoS) model.…

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Established in 2011, BTCC exchange is one of the longest-running and most trustworthy cryptocurrency exchanges. The company has recently announced the launch of its highly anticipated copy trading feature for perpetual futures trading. This copy trading…