Wednesday, January 12, 2022 14:25:41 UTC
Kim Kardashian, Floyd Mayweather Jr., and others are being sued for allegedly guiding investors into a cryptocurrency "pump and dump" scheme.
According to the class-action complaint filed last Friday in the United States District Court for the Central District of California, the celebrities and other defendants are accused of making "false or misleading statements to investors about EthereumMax through social media advertisements and other promotional activities." Defendants include the company's co-founders and others, in addition to the three celebrities.
EthereumMax is described as a "speculative digital token produced by a secretive group of cryptocurrency engineers," according to the complaint. According to the report, celebrities advised their millions of social media followers to acquire cryptocurrencies and then sell when the price rose.(More)
#coin #sq #mara #kimkardashian #coinbase #crypto #bitcoin #ethereummax #floydmayweather
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Friday, January 07, 2022 10:50:56 UTC
According to Goldman Sachs, Bitcoin has the potential to exceed the $100,000. This prediction comes as Bitcoin tumbles to $41,115 USD.
Goldman said this high in the future years could happen if investors increasingly perceive the top cryptocurrency as a store of value.
Bitcoin, according to Goldman Sachs, accounts for roughly 20% of the "store of value" market, which generally refers to assets like gold that hold their value without considerable depreciation.(More)
BITCOIN DUMPS TO $41K
Friday, January 07, 2022 10:50:56 UTC
According to Goldman Sachs, Bitcoin has the potential to exceed the $100,000. This prediction comes as Bitcoin tumbles to $41,115 USD.
Goldman said this high in the future years could happen if investors increasingly perceive the top cryptocurrency as a store of value.
Bitcoin, according to Goldman Sachs, accounts for roughly 20% of the "store of value" market, which generally refers to assets like gold that hold their value without considerable depreciation.
#coin #sq #pypl #mara #coinbaseglobalinc #coinbase #crypto #bitcoin #robinhood
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Gemini will return $1.1 billion to customers who invested in its defunct loan program.
Gemini Trust Company, the cryptocurrency exchange founded by billionaires Cameron and Tyler WInklevoss, will return $1.1 billion to customers who invested in its defunct loan program, New York regulators said Wednesday.
In addition, Gemini will pay a $37 million fine to the New York State Department of Financial Services (NYDFS) for "significant failures that threatened the safety and soundness of the company," regulators said.
"Gemini failed to conduct due diligence on an unregulated third party, later accused of massive fraud, harming Earn customers who were suddenly unable to access their assets after Genesis Global Capital experienced a financial meltdown," said Superintendent Adrienne A. Harris in a statement.(More)
CRYPTO EXCH TO REFUND $1.1 BILLION
N/A
Gemini will return $1.1 billion to customers who invested in its defunct loan program.
Gemini Trust Company, the cryptocurrency exchange founded by billionaires Cameron and Tyler WInklevoss, will return $1.1 billion to customers who invested in its defunct loan program, New York regulators said Wednesday.
In addition, Gemini will pay a $37 million fine to the New York State Department of Financial Services (NYDFS) for "significant failures that threatened the safety and soundness of the company," regulators said.
"Gemini failed to conduct due diligence on an unregulated third party, later accused of massive fraud, harming Earn customers who were suddenly unable to access their assets after Genesis Global Capital experienced a financial meltdown," said Superintendent Adrienne A. Harris in a statement.
#coin #sq #pypl #mara #coinbaseglobalinc #coinbase #crypto #bitcoin #ethereummax #gemini