With the crypto sector weathering a steep decline and facing tough new scrutiny from the SEC, some of Wall Street’s heaviest hitters are moving to enfold it.
Crypto firm Gemini sues DCG after conflict over unit’s restructuring deal
Cryptocurrency exchange Gemini, the largest creditor of bankrupt crypto lending firm Genesis, sued parent company Digital Currency Group (DCG) and its CEO, the day after DCG missed the exchange's ...
Circle to issue a stablecoin in Japan under the new stablecoins law
Circle’s CEO has said that the stablecoin issuer is considering issuing a stablecoin in Japan after the new legislation governing stablecoins took effect.
Winklevoss Twins File Suit Over Their Crypto Lending Disaster
In November, following widespread turbulence in the crypto markets, Gemini froze withdrawals, locking up customers’ assets. The Financial Times later pegged the outstanding balance at $900 million. In ...
Feud Between Crypto Magnates Escalates With Fraud Lawsuit
The Winklevoss brothers’ Gemini Trust filed a lawsuit on Friday accusing crypto conglomerate Digital Currency Group and its founder Barry Silbert of fraud, escalating a monthslong feud between the ...
JPMorgan downplays recent TradFi blitz into crypto: Spot Bitcoin ETFs ‘unlikely to be a game changer’
Among other reasons, analysts at the bank claimed similar ETFs approved in other countries haven't attracted significant investor interest.
Tom Brady reportedly lost a staggering $30 million in the crypto crash — and could be losing even more in the coming months
Tom Brady lost millions in his crypto crash with FTX and received stock that is now essentially worthless to the former NFL superstar.
‘Mr. Yen’ says Japan’s currency may fall to 160 and beyond
The yen may fall through the more-than three-decade low it reached last year amid Japan’s widening monetary policy divergence with the US, according to Eisuke Sakakibara.
‘Most comprehensive proposal to date’: Lummis and Gillibrand to reintroduce landmark crypto bill
A fter months of teasing an updated version of their ambitious crypto legislation, Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) are set to reintroduce their Responsible Financial ...
Bitcoin Retakes $30K, Asian Stocks Hit 5-Week Low Ahead of U.S. Jobs Report
Bitcoin (BTC) bounced and Asian stocks fell Friday as investors awaited U.S. nonfarm payrolls data after Thursday's ADP report showed better-than-expected private-sector hiring in the world's largest ...
Mystery $120 Million Outflow Hits Crypto Bridge Multichain Whose CEO Is Missing
A crypto service used to move tokens between blockchains suffered an unexplained outflow of assets worth more than $120 million, according to digital-asset security specialist BlockSec.
First Mover Asia: Bitcoin Whales Are Increasing, but BTC Sent to Exchanges Continues to Fall. What Does the Trend Mean?
Insights: Large bitcoin holders are increasing, but BTC sent to exchanges are sinking. Is the trend bullish? Crypto investors inferred more from an unexpectedly torrid ADP private sector jobs report ...
Maybe the second half of 2023 will have greater capital flowing into crypto, but maybe not
Looking at the first half of 2023, funding for crypto startups continued to grow more scarce. In Q2, venture capital flowing into the industry dropped for the fifth consecutive quarter since Q1 2022 to $2.
Binance Operates Beyond Crypto’s Borders, But Not Above the Law
In this issue of the Bloomberg Crypto newsletter, Emily Nicolle ponders the implications for crypto of Binance’s regulatory woes.
Feds search crypto exec’s home amidst stalking, hacking allegations: NYT
The FBI searched cryptocurrency magnate Jesse Powell’s home in March following allegations that the Kraken exchange founder hacked and cyber-stalked a nonprofit he had also founded, according to reports from The New York Times.
Japan’s Nikkei slumps for fourth straight session on Fed tightening concerns
Japan's Nikkei share average fell on Friday for a fourth consecutive day, tracking overnight declines in U.S. stocks after strong labour market data fuelled speculation the Federal Reserve will become ...