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Gensler's Speech, LastPass Hack
Also: Gemini Sues Genesis to Recover $1.6 Billion in GBTC Shares
Welcome to the Coinfeeds Daily Digest. Leading the headlines is SEC Chairman Gary Gensler's noteworthy address at the 2023 Securities Enforcement Forum, unveiling his intricate perspectives on the cryptocurrency landscape. Meanwhile, down south, Brazil witnesses a staggering rise in Tether adoption, marking a significant shift in its crypto trading patterns.
Crypto users faced a jolt with LastPass's data breach, which has had dire consequences for many crypto holders. And in legal arenas, Gemini is taking decisive action against Genesis in a high-stakes lawsuit. Dive into these stories and more in today’s edition.
Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), recently addressed the 2023 Securities Enforcement Forum, outlining his current perspectives and strategies concerning cryptocurrencies. For summary of this speech and snippet old recording, you can read more here
USDT accounts for 80% of all cryptocurrency transactions in Brazil, surpassing Bitcoin volume. Increased regulatory efforts and new legislation recognize cryptocurrencies as financial assets | Read More
Password storage provider LastPass suffers major breach, about 25 people using LastPass lost more than $4 million in cryptocurrencies in a single day. Even worse, the security breach dates back to December 2022 which compromised at least 80 wallets | Read More
Cryptocurrency exchange Gemini takes legal action against former affiliate Genesis, alleging obstruction and harm to clients in a bid to recover $1.6 billion worth of Grayscale Bitcoin Trust (GBTC) shares. The lawsuit has been filed to protect the interests of Gemini's Earn clients. | Read More
Thailand's KBank makes a bold move into the cryptocurrency sector, signaling confidence in digital assets and expanding its footprint in the digital asset space with the acquisition of a 97% stake in the local crypto exchange, Satang. | Read More