Cryptocurrency lender Genesis Global Capital has reached a settlement deal with the bankrupt exchange FTX, agreeing to pay $175 million to resolve outstanding claims between the two entities. Genesis will pay the funds to Alameda Research, the trading firm co-founded by FTX founder Sam Bankman-Fried. In return, FTX will drop its nearly $4 billion claim against Genesis tied to loans […]

Terra Luna Classic (LUNC) finds itself grappling with a significant setback as its price takes a sharp dive. Within the span of just 24 hours, the coin experienced a 13% decline in value.  The swift sell-off, which began on August 16, triggered a cascading effect that sent LUNC’s price plummeting from its recent peg of $0.00007734 to a new low […]

The issuer of stablecoin Tether will discontinue its Bitcoin Omni Layer version, citing a lack of interest from users. This Bitcoin version of Tether (USDT) was one of the first stablecoins ever created. The Bitcoin Cash (BCH) and Kusama (KSM) versions will also be discontinued, according to an Aug. 17 announcement from the team. According to the announcement, no new Tether tokens will […]

Shiba Inu (SHIB), a dog-inspired meme coin, originally dismissed by many as just another fleeting fad, is now drawing serious attention from big players, or “whales,” in the crypto space. This attention comes amid the tokens’ recent sloppy launch of its other project, Shibarium. Blockchain security team Beosin recently reported that the newly deployed Shibarium platform has had transactions stalled […]

Judge Analisa Torres has granted a request from the United States Securities and Exchange Commission (SEC) to leave to file an interlocutory appeal in its case against Ripple Labs. The securities regulator sent a letter to Torres on Aug. 9, saying her decision could affect multiple pending court cases.  According to United States laws, an interlocutory appeal occurs when a […]

FTX, the troubled cryptocurrency exchange, and its CEO John J. Ray III have filed a motion seeking to reach a settlement of $176 million with Genesis entities.  As per a legal document, FTX Trading and related debtors have formally requested a court mandate to resolve their disagreement with Genesis entities, aiming to settle claims amounting to nearly $176 million. The […]

The Bitcoin (BTC) and Ether (ETH) 90-day price volatility hit a new multi-year low in August as the top two cryptocurrencies continue to trade under their key resistance of $30,000 and $2,000 respectively. According to data shared by crypto analytic firm Kaiko, the 90-day volatility of BTC and ETH hit 35% and 37% respectively making it less volatile than oil […]

Cointelegraph has announced it is collaborating with the charity fund Children of Heroes to raise money to support children in Ukraine who have lost parents to the devastating Russian invasion. The cryptocurrency fundraiser is now open to receiving donations from all around the globe. Through the campaign, the crypto community will be able to support programs helping Ukrainian children by […]

Google has introduced a series of enhancements to its search engine, on August 15, incorporating advanced generative artificial intelligence (AI) features it says will enhance online information discovery and comprehension. This recent update extends the foundation of the company’s Search Generative Experience (SGE), which was introduced in beta earlier this year. SGE empowers users with AI-driven contextual overviews and suggestions, […]