Troubled Crypto Firm Genesis Owes Gemini’s Customers $900 Million (Report)

The cryptocurrency brokerage platform – Genesis – and its parent company Digital Currency Group (DCG), reportedly owe customers of Gemini approximately $900 million.  Genesis has been coping with severe issues ever since the…

Software Firm Stripe Rolls Out Fiat-to-Crypto On-Ramp

Stripe’s fiat-to-crypto on-ramp allows customers to buy crypto instantly while using Web3 apps. Stripe, an Irish-American financial services and software firm established in 2010, has launched a fiat-to-crypto on-ramp. According to the blog…

Technology Firm Paxos to Employ 130 People in Singapore

Paxos currently employs 20 people in Singapore and 350 globally. Paxos, a New York-based financial institution and technology firm specializing in blockchain, is planning to hire approximately 130 employees for its Singapore office….

Bitfinex ‘Pleased’ With Law Firm Roche Freedman’s Removal From Class Action

“We are pleased with the court’s thorough and well-reasoned decision to remove Roche Freedman LLP as interim class counsel,” a Bitfinex spokesperson told Decrypt in an email. “Roche Freedman’s repeated attempts to trivialize and…

Crypto Firm 21Shares Launches Bitcoin ETP on Nasdaq Dubai

Following the Bitcoin ETP launch in Europe, 21Shares introduces it to the Middle East. 21Shares, a technology and financial company working on issuing exchange-traded products (ETPs), has listed its first physically-backed Bitcoin ETP…

The cryptocurrency market is going through growing pains, says crypto exchange firm

#cryptocurrency #market #growing #pains #crypto #exchange #firm source

‘Apple Must Be Stopped’ as Web2 Firm Launches 30% NFT Tax: Epic Games CEO

Apple’s decision to let NFTs be bought and sold on App Store apps hasn’t received the kind of reception one might expect from Web3 proponents. That’s because the iPhone maker has decided to…

Bitcoin Mining Data Center Firm Compute North Files For Bankruptcy

Compute North, a data center provider for cryptocurrency miners and blockchain companies, has filed for chapter 11 bankruptcy at a Texas court, as energy costs spiral and the crypto market’s prolonged slump continues….

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