[ad_1] 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 to repay clients of Gemini’s Earn program. Gemini and Genesis have been embroiled in a dispute since last year
[ad_1] Amidst the tumult of global markets reacting to the Israel-Hamas conflict, Bitcoin stands resilient. As of Saturday, the premier cryptocurrency is trading at $34,126, marking a modest increase of nearly 0.10%. This stability in the face of geopolitical unrest emphasizes Bitcoin’s growing role as a potential hedge against traditional market volatility. Further bolstering its position, the US SEC, under the leadership of Chair Gary Gensler, is currently reviewing applications
[ad_1] 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 to the project’s impressive fundraising total of over $1.7 million. The team just announced a new raise goal to
[ad_1] Source: iStock/Pgiam Hester Peirce, a commissioner at the Securities and Exchange Commission (SEC), has expressed her strong disapproval of the agency’s handling of charges against cryptocurrency startup LBRY. In a statement released on Friday, Peirce, known for her favorable stance towards the crypto industry, argued that the SEC’s claims of clear application of securities laws to token projects are unfounded. Contrary to the agency’s assertions, Peirce claimed that there
[ad_1] Solana, a competitor to Ethereum’s layer-1, has demonstrated impressive strength as SOL’s price surged above $32 this week. Analysts anticipate further price gains, and VanEck has shared significant price forecasts.A report on Solana from the asset management company VanEck has outlined diverse valuation scenarios for Solana, forecasting SOL’s price to range from a conservative $9.81 to an ambitious $3,211.28 by 2030 (in comparison, Ethereum’s target price is $11,800).This equates
[ad_1] Stuart Alderoty, the Chief Legal Officer (CLO) of Ripple Labs, and the XRP community have expressed their support on the X app (formerly Twitter) for Securities Exchange Commission(SEC) Commissioner Hester Peirce’s stance against the perceived “injustice” in the LBRY lawsuit.Alderoty showed gratitude toward Commissioner Peirce and suggested that when ongoing injustices occur in non-fraud cases, especially when consumers are still awaiting resolution for actual fraud cases, it might be
[ad_1] Crypto casinos have evolved to meet the majority of gambling and gaming needs of diverse players worldwide. While some players enjoy playing live at brick-and-mortar casinos, many others prefer to use cryptocurrency to play online casino games and earn great rewards; this is why Bitcoin casinos have emerged. Bitcoin casinos have grown in popularity because they allow players to avoid the restrictions imposed by traditional online casinos.In this Bitcoin casino
[ad_1] Google has doubled down on its artificial intelligence bets by investing another $2 billion into AI startup Anthropic, according to a new report.Google invested $500 million upfront into Anthropic, a rival to ChatGPT creators OpenAI, and will pay off the remaining $1.5 billion over time, according to an Oct. 27 report by the Wall Street Journal, which cited people familiar.The mega-deal adds to Google’s $550 million investment into Anthropic
