Crypto News
Analysts See Gold Reaching $2,600 per Ounce Amid Strong Market Demand
While bitcoin experienced a 12% decrease following its all-time high last week, gold has shown relative stability over the past five days, with only a slight 1% decline in the same period. In a similar vein to crypto enthusiasts, advocates for gold predict that the metal will continue its upward trajectory, potentially reaching the $2,600Source link
Genesis to Pay SEC $21M Penalty to Settle Charges Over Gemini Earn Product
The bankrupt crypto lender Genesis Global Capital has agreed to a final judgment ordering it to pay $21 million to settle charges with the U.S. Securities and Exchange Commission (SEC) for violating securities laws by offering and selling its now-defunct Gemini Earn program, the SEC announced Tuesday.Source link
Crypto Lender Genesis Agrees to $21 Million SEC Fine, Funds to Await Bankruptcy Claim Settlements
Genesis Global Capital has settled with the U.S. Securities and Exchange Commission (SEC) and agreed to pay a $21 million civil penalty. The SEC further disclosed that the regulator will “not receive any portion of the penalty until after payment of all other allowed claims by the bankruptcy court, including claims by retail investors inSource link
Luxor Looks to Help Bitcoin Miners Hedge Halving Risk With New Hashrate Futures
The bitcoin mining software and services company partnered with Bitnomial to offer cash-settled hashrate futures.Source link
Bitcoin Flash Crash Below $9K on BitMEX Prompts ‘Unusual Activity’ Investigation
The crash lasted a few minutes, but was followed by a short panic episode that cause BTC to drop near 7% on the global markets after the news spread.Source link