The Wall Street Journal (WSJ) has partially corrected an article which mischaracterized the extent to which Hamas and other militant groups have been funding its terrorism activities with cryptocurrencies.

The Oct. 10 article — titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto” — cited blockchain forensics firm Elliptic to say Palestinian Islamic Jihad (PIJ), a terrorist organization operating on the Gaza Strip, raised as much as $93 million between August 2021 and June 2023.

In the cited report, Elliptic said Israel’s counter-terrorism unit seized PIJ-linked wallets which received $93 million from over that timeframe. However, Elliptic made it clear that…

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WisdomTree is set to add a slate of digital funds to its “blockchain-enabled” consumer app by the end of the year, executives said Friday. 

The company, which managed roughly $94 billion in assets as of Sept. 30, continues its bid to cement what WisdomTree CEO Jonathan Steinberg reiterated to be the firm’s “first-mover status” in tokenization. 

It launched WisdomTree Prime in July and expanded the app’s reach to residents in 11 additional states earlier this month. 

The app offers access to nine digital funds — with share ownership records kept on the Stellar or Ethereum blockchains — as well as dollar and gold tokens, bitcoin (BTC) and ether (ETH).

Steinberg said…

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Kraken will suspend all transactions related to USDT, DAI, WBTC, WETH, and WAXL in Canada in November and December, according to multiple customer emails shared with Cointelegraph.

In response to a request for comment from Cointelegraph, a Kraken spokesperson said, via email, “we constantly monitor the assets on our platform to ensure we are meeting the highest compliance standards in the crypto industry,” before confirming the suspensions.

Per the spokesperson:

“In accordance with recent Canadian regulatory changes and following extensive consultation with the CSA and OSC, we today notified our clients that we will soon be suspending trading for USDT, DAI, WBTC, WETH, and…

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Gemini filed a complaint on Friday alleging that the bankrupt crypto lender owes Gemini roughly $1.6 billion, or around 62 million shares of Grayscale Bitcoin Trust (GBTC).

Gemini claims that the two companies had a security agreement delineating that the 62 million shares be used as collateral.

The company claims its “efforts have been undermined by Genesis’s actions prior to and following the commencement of its bankruptcy proceeding.”

“Genesis has repeatedly taken actions to harm Earn Users and to hinder and delay Earn Users’ recovery of their digital assets,” Gemini claimed.

But, if the collateral was delivered, then the “amount that would completely secure and satisfy…

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Cryptocurrency exchange Gemini filed an adversary proceeding against bankrupt crypto lender Genesis Global Holdco in the Southern District of New York Bankruptcy Court on Oct. 27. At issue is the fate of 62,086,586 shares of Grayscale Bitcoin Trust (GBTC). They were used as collateral to secure loans made by 232,000 Gemini users to Genesis through the Gemini Earn Program. That collateral is currently worth close to $1.6 billion.

According to the suit, Gemini has received $284.3 million from foreclosing on the collateral for the benefit of Earn users, but Genesis has disputed the action, preventing Gemini from distributing the proceeds.

The suit filed Oct. 27 by Gemini. Source: Kroll…

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Gemini Trust Co., a leading cryptocurrency platform, has initiated legal action against the now-insolvent crypto lender, Genesis Global Holdco LLC.

The litigation revolves around the rightful ownership of Grayscale Bitcoin Trust shares, currently valued at nearly $1.6 billion, Bloomberg reported.

Gemini’s move to the courts, spotlighted just weeks ahead of Benzinga’s Future of Digital Assets conference on Nov. 14, seeks a judicial declaration.

The firm wants affirmation that Genesis holds no entitlement to over 60 million GBTC shares, initially pledged as collateral to patrons of Gemini’s Earn offering.

Gemini firmly contends that these shares, predominantly retained by Genesis and its…

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Bitcoin (BTC) has been trading above $33,600 for the past two days, indicating that the bulls are not rushing to the exit. After a sharp rally, if the price does not give up much ground, it may cause FOMO and ignite another round of buying.

That could push the markets further into overbought territory. However, such rallies are rarely sustainable. They eventually turn down and retest the breakout levels. Hence, Bitcoin’s drop to $32,000 can not be ruled out.

The rally of the past few days pushed Bitcoin’s dominance to 54%, its highest level in 30 months. The rise in market dominance shows that Bitcoin is leading the charge higher, which is a positive sign. This suggests that traders…

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SEC Commissioner Hester Peirce is once again dissenting from a crypto-related decision made by the agency she helps lead.

Peirce, who has historically spoken out about her support for a spot bitcoin ETF and other facets of the crypto space, did not agree with the Securities and Exchange Commission’s decision to bring a case against LBRY, she said in a Friday statement. 

The SEC filed a lawsuit against the blockchain-based file-sharing network in March 2021 — accusing it of offering LBRY Credit tokens (LBC) without registering them as securities.

LBRY CEO Jeremy Kauffman previously expressed concern this decision could potentially endanger the entire US crypto industry, as it would…

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Sam “SBF” Bankman-Fried’s defense attorney Mark Cohen heard testimony from the former FTX CEO on his relationship with Caroline Ellison and political donations from the crypto exchange.

According to reports from the courtroom on Oct. 27, Bankman-Fried claimed not to have discussed donations to U.S. politicians with former FTX engineering director Nishad Singh and former FTX Digital Markets co-CEO Ryan Salame. SBF reportedly said the donations made in his name came from “loans from Alameda Research” as part of efforts to influence U.S. government’s policies on regulating crypto.

“[…] I thought policy was important. Congress and the executive branch… Some were [supportive… Read more on Cointelegraph