Genesis Global Agrees to $21M Civil Penalty Linked to Gemini Earn
Genesis Global, a bankrupt crypto lender, agrees to a $21 million penalty tied to Gemini Earn, settling SEC charges of securities law violations.
WeiliangGenesis Global, a bankrupt crypto lender, agrees to a $21 million penalty tied to Gemini Earn, settling SEC charges of securities law violations.
WeiliangThe U.S. SEC ordered Genesis to pay a $21 million civil penalty and impose a permanent injunction to settle charges that it engaged in unregistered offerings and sales of securities through crypto-assets.
JinseFinanceAt the beginning of 2024, nearly a hundred Bitcoin Layer 2 projects appeared, 90% of which were led by Chinese.
JinseFinanceGrayscale Bitcoin Trust ETF (GBTC) witnesses over $10 billion in net outflows since ETF conversion. High fees at 1.5% compared to competitors impact GBTC's performance. Despite recent price surge, persistent outflows raise concerns over GBTC's stability.
Huang BoThe $21 million Genesis-SEC settlement signifies a pivotal shift in crypto regulation, impacting Genesis, its affiliates, and setting a precedent for industry-wide regulatory compliance.
AlexThe SEC intensified enforcement actions on cryptocurrencies in 2023, imposing penalties totaling $281 million. With 46 actions led by Chairman Gary Gensler, it marked the highest since 2013. The focus included fraud charges, unregistered securities, NFTs, and anticipation of more actions against exchanges in the future.
SanyaFor Bitcoin, and the broader cryptocurrency industry, 2024 is destined to be extraordinary.
JinseFinanceTransit Finance confirmed that the hacker has returned 70% of the funds.
BeincryptoMining expert Mohamed El Masri predicts that Bitcoin will be worth around $430,500 when the last coin is minted.
CointelegraphOn July 10, Spanish cryptocurrency trading platform 2gether shut down its free trading services, citing its inability to justify its related operational costs due to crypto winter.
Cointelegraph