New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies. Now, Attorney General Letitia James is alleging that the fraud scheme carried out by Digital Currency Group (DCG), its Genesis Global Capital offshoot, and Gemini Trust was three times the size once thought, at $3 billion. In an amended...
Cryptocurrency exchange Coinbase says it is rolling out a digital asset lending program for its institutional Prime clients. In an announcement provided to PYMNTS Wednesday (Sept. 6), the company said the service would allow institutions to lend digital assets to Coinbase. “Coinbase is working to update the...
Crypto lender Aave has debuted its first stablecoin. Announced on the company blog Saturday (July 15), Aave’s GHO coin is now live on the ethereum network. “GHO was developed with the same goal as the Aave Protocol: to enable a people-powered financial ecosystem, accessible to all, that everyone...
A day after being sued by eight state attorneys general who claim it violated securities laws, crypto lender Nexo unveiled that it has purchased a stake in federally regulated Summit National Bank. In buying a minority stake in the holding company that owns Summit National...
May 29, 2024
Fallen cryptocurrency lender Gemini is reportedly set to begin returning billions in frozen customer funds. The firm, owned by billionaire twin brothers Cameron and Tyler Winklevoss, announced Wednesday that it will return $2.18 billion of its digital assets to customers of the Earn program, CNBC reported, citing an email to customers. “Today, we are pleased to let you know […]
February 11, 2024
New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies. Now, Attorney General Letitia James is alleging that the fraud scheme carried out by Digital Currency Group (DCG), its Genesis...
September 06, 2023
Cryptocurrency exchange Coinbase says it is rolling out a digital asset lending program for its institutional Prime clients. In an announcement provided to PYMNTS Wednesday (Sept. 6), the company said the service...
July 16, 2023
Crypto lender Aave has debuted its first stablecoin. Announced on the company blog Saturday (July 15), Aave’s GHO coin is now live on the ethereum network. “GHO was developed with the same goal...
