Gemini returns $2.18B to Earn users following 18-month withdrawal freeze
Gemini has announced a $2.18 billion distribution to its Earn program users 18 months after it suspended withdrawals.
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Web3 infrastructure firm ChainSafe raises $18.75M as attention shifts to GameFi
The Canadian company is focused on multi-chain R&D and blockchain gaming, which is a growing industry that’s expected to achieve multi-billion-dollar valuations. 304 Total views 5 Total shares Canadian Web3 infrastructure company ChainSafe has closed an $18.75 million funding round that was backed by prominent industry venture firms, putting the company on track to expand…
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Report: Telegram’s ‘Force Majeure’ Clause Curbs Investor Compensation
Telegram’s pledge to return money to investors in the event of a delay to the launch of its blockchain network may be superseded by a “force majeure” clause in its purchase agreement.As an Oct. 14 report from Russian media agency the Bell emphasizes, the force majeure clause — which encompasses natural disasters, terrorist threats and…
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Enjin’s EFI token sale nets $20 million as NFT aspirations grow
EFI is the native cryptocurrency of Efinity, a Polkadot-based parachain developed by Enjin. The token sale, which was open to retail investors, sold out in just two-and-a-half hours. 517 Total views 3 Total shares A public sale of EFI token on CoinList netted Enjin $20 million in proceeds, setting the stage for a successful launch…
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CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair
The United States should lead the development of Central Bank Digital Currencies (CBDCs) away from being “surveillance coins” and towards being "freedom coins,” says the former chair of the Commodity Futures Trading Commission (CFTC).In a Mar. 13 op-ed in The Hill, Christopher Giancarlo, nicknamed "Crypto Dad" for his pro-crypto outlook, said the U.S. "must influence"…
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Bitcoin is here to stay even as new innovations develop — Bybit founder
Ben Zhou, the founder of Bybit, said that the exchange is putting some focus on educating users who are new to crypto. 492 Total views 4 Total shares Cointelegraph's editor-in-chief Kristina Cornèr interviewed Bybit founder Ben Zhou at the Formula 1 Grand Prix at Monaco, discussing topics like educating newcomers in crypto, the effects of…
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All-time high weekly close — 5 things to watch in Bitcoin this week
Bitcoin (BTC) simply refuses to die this week as a dip below $60,000 barely lasts an hour and bears are burned yet again.After a fairly calm weekend, Sunday saw a typical drawdown before a dramatic resurgence took place for BTC/USD just an hour later.With that, Bitcoin has preserved not only its bullish trajectory but has…
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Healthy competition welcome — Polygon zkEVM lead
Prominent Ethereum development firms have rolled out varying zero-knowledge scaling solutions that drive healthy competition in the ecosystem. 266 Total views 1 Total shares An environment of healthy competition is being fostered between the Ethereum ecosystem’s top development firms building zero-knowledge Ethereum Virtual Machines (zkEVMs) to scale the network, according to one of Polygon’s co-founders.Jordi…
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US Retail Giant Overstock to Use Bitcoin to Pay Its Taxes in Ohio
United States retailer Overstock.com has announced it will pay part of its business taxes in the state of Ohio using Bitcoin (BTC), according to an announcement on its website Jan. 3.Overstock will cover commercial activity taxes (CAT) with Bitcoin starting February, using the recently launched cryptocurrency taxpayer platform, OhioCrypto.com.The company’s CEO and founder Patrick Byrne…