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.

Market Update

News

SEC Chairman Gary Gensler's Controversial Stance on Bitcoin ETFs and Aggressive Regulatory Approach

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

Brazil Sees Surge in Adoption of Stablecoin Tether

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

LastPass Data Breach Results in $4.4 Million Crypto Theft

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

Gemini Files Lawsuit Against Genesis to Recover $1.6 Billion in GBTC Shares

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

Kasikorn Bank Acquires Majority Stake in Local Crypto Exchange, Satang

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