Binance CEO Addresses Rumors
Amid SEC and CFTC Lawsuits, Binance CEO Defends Brian Shroder’s Resignation as Normal, states that they are ‘taking a deserved break’. Changpeng Zhao (CZ), the chief executive officer of Binance Holdings, has refuted rumors about Binance’s departure. After a fruitful tenure with the company, US CEO Brian Shroder stated that he is “taking a well-deserved […]
Gemini Opposes Deceptive Genesis Proposal by DCG
Gemini accuses DCG of a misleading proposal, prompting a crypto showdown in court. Will the truth prevail in this legal dispute? In a recent report, Gemini has accused the Digital Currency Group (DCG), the parent company of Genesis, of presenting a misleading proposal to creditors. The ongoing dispute revolves around the recovery rates promised by […]
Analyst: Over 50% of Bitcoin Mining Energy Now From Renewables
Analyst Reports that Over 50% of Bitcoin Mining Energy Comes from Renewable Sources, due to Miners Relocating Amid China’s Ban. Elon Musk stated in 2021 that Tesla would begin accepting Bitcoin payments once miners were utilizing approximately 50 percent renewable energy sources “with a positive future trend” — a benchmark that may have been met […]
Remitano Reportedly Hacked For $2.7M; Tether Freezes $1.4M
Over $2.7 million was withdrawn from the Remitano exchange’s wallet by a single account, resulting in suspicious transactions. On September 14, the cryptocurrency exchange Remitano encountered large withdrawals under suspicious circumstances, leading some blockchain analysts to conclude that it may have been compromised. Cryptocurrency worth $2,7 million has been withdrawn via suspicious transactions. Tether has […]
Genesis Global Shuts Down All Crypto Trading Operations
Genesis Global, a subsidiary of Digital Currency Group, has ceased all of its crypto trading activities post-bankruptcy. Genesis Global, a once-significant participant in the cryptocurrency trading industry, has announced its intention to exit the market altogether. Genesis Global Discontinues Trading Activities This decision follows the company’s earlier decision to discontinue its spot trading services. Now, […]