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Fast coverage of the stories moving crypto markets.

CryptoSlate Wrapped: Gemini co-founder calls to oust DCG CEO; Binance liquidates $75M SHIB

Cameron Winklevoss of Gemini fame accused DCG CEO Barry Silbert of fraud. Meanwhile, Binance liquidated $75 million of Shiba Inu tokens. These and other stories in today's edition of CryptoSlate Wrapped.

4 years ago

Exchanges BUSD +0.01%

Binance reportedly didn’t follow procedures for BUSD reserves in 2020, 2021

Currently, Binance's pegged BUSD is fully backed by the US dollar, and Paxos's BUSD is unaffected, according to a Binance spokesperson.

4 years ago

Legal BTC +2.41%

Former Coinbase manager’s brother jailed for insider trading

Nikhil Wahi pleaded guilty in September and got sentenced to 10 months in prison on Jan. 10.

4 years ago

Legal LUNA +1.73%

Albright Capital voluntarily drops lawsuit against Do Kwon, Terraform Labs

Albright Capital had accused Terraform Labs and its executives of deceptively promoting UST, LUNA, and related Terra cryptocurrencies.

4 years ago

Stablecoins USDC 0.00%

Research: USDC adoption on Ethereum grows post-FTX collapse; USDT remains flat

According to Glassnode's data, while USDT is the largest stablecoin by market cap, USDC has more transfer volume.

4 years ago

Exchanges

Crypto.com to delist USDT for Canadians

The USDT delisting is in accordance with instructions from the Ontario Securities Commission.

4 years ago

Staking

Binance changed stakes to liquidate over $75M in SHIB

The exchange unstaked over $100 million worth of SHIB and re-staked $30 million worth of tokens.

4 years ago

Bankruptcy

DCG labels Gemini co-founder’s allegations as ‘publicity stunts’

The recent allegations were a deflection of blame from parties responsible for marketing and operating Gemini Earn, according to DCG.

4 years ago

Analysis

Crypto market forecasted to grow 7.2% through 2030

R&M report that the crypto market is projected to grow at a 7.2% CAGR from 2022-2030 due to various factors.

4 years ago

Bear Market

GBTC shares jump 12%, narrowing discount to 38%

Bitcoin Magazine CEO David Bailey has started a campaign labeled "redeem GBTC" to reduce GBTC's 2% management fee.

4 years ago

Exchanges

Binance annual revenue grew 10x over the past 2 years, while OKX’s grew 4x

In the meantime, Huobi global's quarterly revenue fell -98% since the second quarter of 2021.

4 years ago

Exchanges

Korean tax authorities investigate Bithumb, subsidiaries

The National Tax Service opened a "special tax investigation" into Bithumb, including the individual Kang Jong-hyeon, who is alleged to be the company owner.

4 years ago

Regulation

Nigerian central bank moves to regulate Stablecoins and ICOs

The Central Bank of Nigeria said it would work with relevant authorities to develop a regulatory framework for the implementation of stablecoin and initial coin offerings.

4 years ago

Exchanges

Cameron Winklevoss calls for immediate removal of Barry Silbert as DCG CEO

Barry Silbert allegedly lied to Gemini and over 340,000 users that DCG had injected about $1.2 billion to support Genesis after the 3AC collapse.

4 years ago

Tokenization FLR -0.10%

Flare crashes 83% following two-year delayed airdrop

Following a 60% fall in price prior to the airdrop on Jan. 9, the FLR airdrop triggered a further 20% dump in its price.

4 years ago

Bear Market

Coinbase lays off 950 employees

Coinbase's CEO Brian Armstrong said that the layoffs will provide the company with operational efficiency to weather the bear market. Coinbase's shares were up almost 3% premarket after the announcement.

4 years ago

Banking

France’s AMF president announces support for mandatory crypto licensing

Rules for crypto companies could take effect sooner rather than later.

4 years ago