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Is Gemini going down?

FTX’s collapse in November 2022 brought down Genesis Global, Gemini’s key partner for Gemini Earn, its yield-generating product that lets users deposit their crypto for a passive income paid out daily.  $900 million of customer funds were frozen as Gemini halted redemptions. While Gemini worked to crawl its funds back from a now defunct Genesis … Read more

Another bank run in crypto?!

Just when we thought the consequences of the crypto crash is at its tail end, Silvergate, a crypto bank had requested to delay its annual report, citing that its “ability to continue as a going concern for the twelve months following the issuance of these financial statements.” 😱 What is Silvergate? Silvergate is a US … Read more

Coinbase’s Base: good news in bear market but more work needs to be done

Coinbase (COIN) announced its Layer 2 blockchain, Base with the intention to onboard the “next billion users to web3”. What is ‘Base’? Coinbase’s layer 2 network, Base was launched with the aim to onboard more users into cryptocurrency. With Base, COIN wants to allow developers to integrate their products and provide fiat onramps. Its existing … Read more

Bitcoin NFTs: What are Bitcoin Ordinals?

NFTs are non-fungible tokens first launched on the Ethereum blockchain. They allow individuals to own tokens with unique identifiers. For years, the cryptoverse have thought that Bitcoin was too primitive a blockchain to allow for such a use case. In Jan 2023, Bitcoin NFTs, also known as Bitcoin Ordinals or Ordinal NFTs were launched, proving … Read more

Is the Crypto Bear Market over?

Bitcoin (BTC)’s price has been hovering between $16.5k to $17k since Dec 15. But over the weekend, BTC jumped up 22.5%, finally breaking the $20k mark! In the same period, Ethereum (ETH)’s price hovered between $1160 and $1220. Over the past 5 days, it spiked up 17.5%, breaking the $1.5k mark! Are these dead cat … Read more