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.
The exchange follows the likes of Binance, KuCoin and OKX in running self-custody wallets parallel to CeFi operations.
A series of attacks drained the wallets of BTC users by exploiting a faulty random seed generation algorithm.
Twenty-seven percent of the funds stolen in the July 30 exploit have yet to be returned.
Circle’s USDC stablecoin has dropped from $45 billion in circulation at the start of 2023 to just $26 billion as the summer winds down.
Opinion: If you used ChatGPT to write an article, do us all a favor and delete it. None of us want to read it.
The move comes as several prominent Chinese blockchain executives have been arrested this year.
The move comes as several prominent Chinese blockchain executives have been arrested this year.
Prosecutors and defense lawyers agreed to a bail modification having the former Celsius CEO under electronic monitoring and largely restricted from moving funds over $10,000.
In an opinion piece in The Wall Street Journal, Brian Brooks and Charles Calomiris claim that U.S. stablecoin legislation is crucial to redollarizing the world.