High-risk cryptocurrency loans are rising again, and according to insights from analysts, the growth cannot be considered a positive occurrence for the digital asset space. Data from the market analytics platform IntoTheBlock shows that high-risk loans have surged to the $5 million region, a level last seen during the crash…
According to a September 7 report by Bloomberg, Premier League (PL) clubs have secured a record-breaking $170 million in sponsorship deals from crypto companies for the 2024/25 season. This uptick comes as league participants face tightening restrictions on gambling sponsorships, which have traditionally been a major source of revenue for…
Gemini adds to the list of exchanges that have fled from the Canadian market amid tough regulatory conditions. The exchange did not explicitly indicate the reason for its move to exit the Canadian market. Nevertheless, customers in Canada have a 90-day notice to withdraw their holdings with the Gemini. The…
Crypto exchange Gemini has joined Binance and OKX by leaving the Canadian market. The news comes after the Canadian regulator announced a basket of new restrictions on crypto exchanges back in February 2023, enforcing far stricter standards when it comes to custody of funds and providing leverage. Under the new…
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has reportedly informed its Canadian users that it will cease operations in the country by December 31, 2024. This follows the departures of OKX, Paxos, Bybit, and Binance from the Canadian market. Users Given 90 Days to Withdraw Assets In a…
Crypto exchange Gemini has announced plans to cease operations in Canada by the end of 2024, according to a Sept. 30 email sent to its customers. The email stated: “Effective December 31, 2024, Gemini will close all customer accounts in Canada with limited exceptions. As a result, we will be…
This regulatory nod signifies a major step for traditional financial institutions looking to enter the digital asset space. BNY Mellon’s Custody Model Offers Flexibility Beyond Bitcoin and Ethereum The non-objection indicates that BNY Mellon’s proposed structure for digital asset custody complies with the agency’s regulations on safeguarding assets. Although not…
Donald Trump and his sons have for weeks teased an upcoming cryptocurrency project, but they’ve been light on details in public. Privately, though, the former U.S. president’s inner circle has been quietly shopping around a white paper for World Liberty Financial – and CoinDesk has obtained excerpts. Crypto Market Leaders…
A class action lawsuit against Shaquille O’Neal was partially dismissed Friday, while a U.S. court found that the legal battle over his Solana NFT project Astrals could proceed on some allegations that the basketball legend offered and sold investors unregistered securities. O’Neal’s Solana-based NFT project Astrals featured 10,000 “metaverse-ready avatars,”…
Shaquille O’Neal will have to defend himself against some of the allegations in a class action lawsuit against him concerning the promotions he did for the Astrals NFT project. The court did dismiss the allegation that O’Neal was a “control person,” meaning someone who exercised actual power. A U.S. court…