Unofficial GameStop memecoin surpasses $100M in market cap

Gemini’s complaint filed in July alleged DCG and Barry Silbert had made "false, misleading, and incomplete representations and omissions" related to Genesis and the Earn program. 29 Total views 2 Total shares Venture capital firm Digital Currency Group (DCG) has filed a motion to dismiss a lawsuit brought by cryptocurrency exchange Gemini which alleged fraud…

Nonbank fintechs may be left unable to contribute to the United States government’s relief plan for small businesses hit by the COVID-19 crisis.On April 3, the U.S. Small Business Administration (SBA) launched a Paycheck Protection Program (PPP) as part of the federal government’s $2 trillion coronavirus relief package. The PPP aims to support small businesses…

Jay Hao, the CEO of crypto exchange OKEx, suggests that a second United States stimulus plan could result in Bitcoin’s (BTC) price growing further.In his June 22 LinkedIn post, Hao explained that since the first $2.2 trillion stimulus bill was signed in late March, Bitcoin surged by around 58% from $6,580 to $10,400. He cited…

IOTA price saw a high volume surge that took the altcoin to a near 1-year high, but are there reasons to support further upside? IOTA, an open-source distributed ledger and cryptocurrency focused on the Internet of Things (IOT), saw its native IOTA token rally 43% on Nov. 29 after announcing the creation of the Iota

The country’s current progress appears to be on par with Elon Musk’s Neuralink.

Major cryptocurrency exchange Binance announced that it completed the eighth Binance Coin (BNB) token burn and that it intends to also burn the tokens allocated to its team in an announcement published on July 11.Per the announcement, 808,888 BNB (equivalent to over $23.7 million at press time) of the Binance’s team allocation have been burned…

The world’s largest asset manager has launched a blockchain ETF, providing clients with greater exposure to crypto and blockchain-related companies. 294 Total views 25 Total shares BlackRock has officially launched a blockchain focused ETF, that provides investors with exposure to the crypto and blockchain industry without needing to directly own digital assets. On Wednesday, the world’s…

The ratings agency looked at five areas of interconnectedness between the crypto ecosystem and traditional finance; its lack of firm conclusions may be telling. 62 Total views 1 Total shares Rating provider S&P Global has examined the relationship between crypto assets and macroeconomics in a new report. Its conclusion is a firm “maybe” and the…

Social media giant Facebook, which is currently trying to get regulatory approval for its Libra stablecoin project, reportedly shared details regarding the project’s proposed backing reserves.According to a report by Bloomberg on Sept. 9, Facebook told United States senators about the backing reserves for the stablecoin — a type of cryptocurrency valued by a reserve…