Day: March 20, 2026

Gemini Sued Over Alleged Deception for Post-IPO Pivot

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Gemini has been hit with a proposed class action in New York for allegedly misleading investors during and after the crypto exchange’s September initial public offering. The class action lawsuit filed by shareholders on Thursday in a Manhattan federal court against Gemini, its co-founders Tyler and Cameron Winklevoss, and company executives, claims they made misleading statements in the company’s IPO documents. Plaintiff Marc Methvin claimed that the documents portrayed Gemini as a growing crypto exchange focused on expanding its user base and international footprint, but made an “abrupt corporate pivot…

World Gold Council plans to build shared infrastructure platform for digital gold

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The World Gold Council (WGC), a London-based industry body established to promote gold markets on behalf of leading mining companies, has proposed “Gold as a Service,” a shared infrastructure that connects physical gold custody with digital issuance and management. The initiative aims to make it much easier for companies to launch gold-backed products by providing a ready-made, trusted system instead of building everything from scratch, as noted in a whitepaper co-authored with Boston Consulting Group (BCG). With “Gold as a Service,” WGC wants to reduce complexity when it comes to…

Not All Wallets Equally Vulnerable to Quantum Risk: Galaxy

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The quantum risk to Bitcoin investors is real, but not all wallets are vulnerable, and the people best positioned to address it are working on it, says Galaxy Digital research analyst Will Owens. Owens said in a report on Thursday that, in theory, a quantum computer could derive private keys from public keys, allowing an attacker to impersonate the owner, forge a signature and steal coins.  However, he argued that not all wallets are equally vulnerable to this risk. “In fact, most wallets are not vulnerable today. Funds are at…

Super Micro Cofounder Charged for Allegedly Funnelling AI Servers to China

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US authorities say the co-founder of Super Micro Computer, Inc. has been charged and arrested over an alleged multi-billion dollar scheme to smuggle advanced artificial intelligence chips from the US to China. The Justice Department said in a statement on Thursday that it had unsealed an indictment charging Yih-Shyan “Wally” Liaw, as well as Super Micro sales executives Ruei-Tsang “Steven” Chang, and Ting-Wei “Willy” Sun over the alleged conspiracy. Prosecutors said the trio violated US export control laws by conspiring “to sell billions of dollars’ worth of servers integrating sensitive,…

Appeals Court Rejects Kalshi’s Bid to Block Nevada Ban

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US gaming lawyer Daniel Wallach says a Nevada state court-issued restraining order against Kalshi appears imminent, preventing it from offering sports-related contracts. A federal appeals court has cleared Nevada state authorities to enforce a temporary restraining order on Kalshi to block its sports event contracts. The Ninth Circuit Appeals Court on Thursday denied Kalshi’s emergency request to stay a lower court proceeding, meaning the case will be sent back to federal court and will allow Nevada’s regulators to take action. Gaming lawyer Daniel Wallach said a temporary restraining order (TRO)…

Dogecoin (DOGE) Slips After Failure, Can Bulls Contain More Downside?

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Dogecoin started a fresh decline below the $0.0980 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.0950 and $0.0980. DOGE price started a fresh decline below the $0.0965 level. The price is trading below the $0.0965 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.0950 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.0950 and $0.0980. Dogecoin Price At Risk of…

World Gold Council Introduces Digital Gold Platform

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The major gold trade association, World Gold Council, and the Boston Consulting Group have proposed a new platform to modernize how the precious metal operates in digital financial systems. The World Gold Council said on Thursday that it published a white paper on “Gold as a Service,” a new platform to “support the issuance and operation of scalable, interoperable digital gold products.” The open platform would connect the physical custody of gold with the digital systems used to issue and manage tokenized gold products.  “By standardizing essential market processes such…

Gemini Q4 Revenue Lifts Shares Despite Weaker Crypto Markets

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Shares in crypto exchange Gemini surged after hours as stronger-than-expected fourth-quarter results showed revenue growth driven by credit card adoption and a reworked fee structure. Gemini reported on Thursday that its Q4 revenues rose 39% from the year-ago quarter to $60.3 million, reportedly beating analyst expectations of $51.7 million. It reported a net loss of $140.8 million for Q4, deepening from its $27 million loss from a year ago. Gemini posted a total 2025 loss of $585 million, ahead of its total 2024 losses of $156.6 million. Gemini co-founders Cameron…

XRP Price Drifts Lower, All Eyes on Bulls Defending $1.42 Zone

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Price Drops to $2,100, Shaking Confidence Amid Volatility

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Ethereum price started a sharp decline from the $2,385 zone. ETH is now consolidating above $2,100 and might aim for a recovery wave if it climbs above $2,200. Ethereum started a sharp decline below the $2,320 zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There was a break below a major bullish trend line with support at $2,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $2,200 zone. Ethereum Price Takes Hit…