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Bankrupt crypto lender Genesis Global Capital and exchange platform Gemini are asking a U.S. court to dismiss a lawsuit by the Securities and Exchange Commission alleging the two sold unregistered securities, court filings from Friday show.The SEC, in a lawsuit filed in January to a New York court, targeted Gemini's yield-bearing product Earn, an unregistered…

The implied probability distribution is skewed to the left, suggesting expectations for price pullback. Shares in Trump media experienced a similar dynamic before the recent price slide. 01:01 Bitcoin Breaks $64K While Gold Soars 00:56 ETH/BTC Ratio Slid to Lowest Since April 2021 00:57 Is Bitcoin Losing Its Bullish Momentum? As bitcoin's (BTC) price struggles

Former President Donald Trump argued the benefits of the U.S. government jumping onto the crypto boat on Friday (transcript below). Vice President Kamala Harris' campaign flagged Trump's comments on Bitcoin, specifically when he mentioned the token as a potential savior for the country's indebtedness. Harris' bid for the White House, while in its infancy, hasn't

Markets seem overly optimistic about Fed rate cuts as critical data has yet to show meaningful disinflation.The Fed remains committed to combating the renewed inflation, a scenario that's underpriced by markets and has the potential to inject downside volatility into risky assets.Financial markets may be overly optimistic about how soon and how fast the U.S.

news A large donation to a non-profit working to protect the Amazon rainforest and the environment has been blocked by compliance rules at crypto payments firm BitPay. The charity, Amazon Watch, took to Twitter on Friday to appeal to BitPay to let the $100,000 payment through. @BitPay @BitPaySupport a donor, no doubt upset about horrific…

Robinhood's CEO said the platform's decision to halt buy orders on GME, NOK and AMC was based on a "technical and operational" one, not outside pressure.(CoinDesk archives)Jan 29, 2021 at 9:14 a.m. UTCRobinhood CEO: We Weren’t ‘Forced’ to Limit Stock Buying Amid Reddit-Driven SurgeDespite chatter circulating Thursday that Robinhood had been compelled to halt trading…

Nov 13, 2020 at 5:12 p.m. UTCUpdated Nov 13, 2020 at 5:23 p.m. UTCMichael Novogratz of Galaxy Digital (CoinDesk archives)Mike Novogratz’s Galaxy Digital Nets $44.3M in Q3Galaxy Digital, the crypto merchant bank headed by noted crypto evangelist Mike Novogratz, reported net income of $44.3 million in the third quarter of 2020, up from a loss…

Aug 11, 2020 at 12:32 UTCUpdated Aug 11, 2020 at 12:33 UTCCEO Michael J. Saylor said bitcoin is now the "principal holding" in his business intelligence company's revamped treasury reserves strategy. (MicroStrategy/Wikimedia Commons)MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’Publicly traded business intelligence firm MicroStrategy purchased 21,454 bitcoin on Tuesday, effectively pouring…

news The upheaval continues at enterprise blockchain company Digital Asset (DA), with the news that Gavin Wells will step down from his role as head of Europe next month. Oliver Hugh-Jones, head of business development for Europe, will assume all of Wells’ client-facing responsibilities, a spokeswoman for DA confirmed to CoinDesk Thursday. Wells’ departure was…