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Floki’s team of developers have their eyes set on capturing a significant percentage of the global asset tokenization market. Popular meme coin FLOKI was first introduced in 2021 after being originally inspired by Elon Musk’s pet Shiba Inu. Since then, it has gone on to establish itself as a major decentralized
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Cryptocurrency exchange Gemini filed an adversary proceeding against bankrupt crypto lender Genesis Global Holdco in the Southern District of New York Bankruptcy Court on Oct. 27. At issue is the fate of 62,086,586 shares of Grayscale Bitcoin Trust (GBTC). They were used as collateral to secure loans made by 232,000 Gemini
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Gemini said that the recent report from New York Post is quite misleading and “pure fantasy”. The exchange added that all the funds belonged to its Earn users. In August of the previous year, cryptocurrency exchange Gemini transferred $282 million from its Earn users’ funds to its liquidity reserve, as stated
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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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“Depending on how the bankruptcy claim is calculated, the Earn customers are estimated to get between $440 million and $765 million of a claim,” a DCG executive, who asked not to be identified, said in an interview. “That claim is estimated to receive distributions of $400 million to $535 million.
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Digital Currency Group (DCG) has proposed a new agreement plan for the creditors of the now-bankrupt Genesis Global that would also see Gemini Earn users recover nearly all of their claims.In a new filing on Sept. 13, DCG outlined a plan that estimates “unsecured creditors a 70–90% recovery with a
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The platform noted that the old reward structure for USDC will no longer apply, so users can take advantage of the simplified Earn Plus system. Renowned global crypto platform Crypto.com has taken a giant leap forward by introducing its all-new Crypto Earn program known as ‘Earn Plus’. This program promises a
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Crypto exchange Binance is refunding users 1 million Tether ($1 million) over its handling of the CyberConnect (CYBER) token incident.As narrated by the exchange on Sept. 7, a price discrepancy on listed CYBER tokens occurred the week prior due to a liquidity crunch constricting CYBER cross-chain bridges on Korean cryptocurrency
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Australian crypto exchange Swyftx is launching a new “Earn and Learn” crypto education platform, aimed at rewarding its users for completing courses covering an array of crypto scams. The new educational platform will launch on Sept. 6 and comes amid heightened attention over crypto-related scams in Australia. Swyftx’s head of corporate
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