๐จ๐ฆ LATEST: Crypto exchange Gemini to close all customer accounts in Canada
In a Sept. 30 email sent out to Canadian users, Gemini said it would close all accounts in Canada by Dec. 31.
Geminiโs sudden move comes months after financial regulators in the country together introduced regulations for crypto exchanges and trading platforms operating on Canadian soil.
๐จ Vitalik Just Made a Bold Statement at Ethereum Singapore 2024
Ethereumโs co-founder took the stage to highlight a critical shift: solo stakers could be the key to Ethereumโs long-term security.
Hereโs why it matters:
Why Solo Stakers Matter
Solo stakers are the backbone of Ethereum's decentralization. By staking individually, they reduce reliance on large institutions and protect the network from centralized control.
Defense Against 51% Attacks
Even with a small percentage of $ETH staked, solo stakers make it harder for any single entity to take over the network or execute a 51% attack.
๐ง The SEC vs. Ripple Lawsuit: The Longest Crypto Legal Battle With The SEC in History
Hereโs what you need to know ๐งต
At its core, the lawsuit centers on whether XRP should be classified as a security or a digital currency. The SEC claims the former, Ripple argues the latter.
Key impacts:
โข XRP's value dropped over 50% after lawsuit announcement
โข Major exchanges delisted XRP
โข Ripple faced significant legal challenges
Telegram founder Pavel Durov was arrested in France on Aug. 24. Hereโs what we know so far ๐งต
Durov was detained at Le Bourget airport north of Paris after landing in his private jet from Azerbaijan, according to Le Monde and other French media outlets. French authorities are investigating alleged violations related to Telegramโs encrypted messaging platform.
The arrest is linked to a search warrant issued by Franceโs LโOffice Mineurs (OFMIN), which oversees crimes against minors. AFP reported that the allegations range from fraud and drug trafficking to cyberbullying and organized crime.
Mt. Gox is set to repay 140,000 BTC (~$9B) to creditors in early July. This flood of BTC could trigger a sell-off, potentially tanking prices.
JP Morgan analysts point out Gemini creditors' recent sell-off of $2.18B in Bitcoin after the May 29 announcement backs fears of potential Mt. Gox-related price drop.
Annually, $BTC volatility has dropped below that of top tech stocks, including $TSLA, $META, and $NVDA.
What does this mean for #Bitcoin? ๐งต
๐ #Bitcoin's 1-year realized volatility is 44.88%, compared to over 50% for top tech stocks among the "magnificent seven". This signals #BTC's growth toward becoming a more mature and stable asset class.
๐ #Bitcoin's early years saw high volatility (over 200%), common for new assets with rapid growth & limited capital.
What is liquid staking, and how does it work? Letโs dive in! ๐ง๐
Liquid staking solves the liquidity issue of traditional staking by using substitute tokens, allowing your #crypto to remain active in DeFi platforms. This means you can stake and still trade or transfer your assets ๐ฑ.
Comparing delegated and liquid staking: ๐
Delegated Proof-of-Stake (DPoS) involves voting for delegates to validate blocks, and centralizing control. Liquid staking offers more accessibility and liquidity, avoiding lock-ups and high barriers like #Ethereum's 32 ETH minimum.