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Gemini Returns $2.18 Billion to Earn Users

Gemini, the prominent cryptocurrency exchange, has successfully returned $2.18 billion to users of its Earn program, marking a significant milestone in its efforts to regain user trust and stabilize its platform amidst market volatility and regulatory scrutiny.

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Gemini, the prominent cryptocurrency exchange, has successfully returned $2.18 billion to users of its Earn program, marking a significant milestone in its efforts to regain user trust and stabilize its platform amidst market volatility and regulatory scrutiny.

The Gemini Earn program, which allowed users to lend their cryptocurrency assets in exchange for interest payments, encountered substantial challenges due to broader market fluctuations and heightened regulatory attention. The successful return of such a substantial amount underscores Gemini’s commitment to financial integrity and user satisfaction.

In an official statement, Gemini co-founders Tyler and Cameron Winklevoss expressed their appreciation for the patience and support shown by users during the recovery process. They emphasized the platform’s dedication to ensuring the safety and security of user funds and announced ongoing efforts to enhance service quality and operational transparency.

The $2.18 billion restitution to Earn users arrives at a critical juncture for the crypto industry, which is under intense regulatory scrutiny. Many platforms are striving to prove their reliability and compliance with financial standards. For Gemini, this initiative is not just about financial recovery but also about rebuilding trust within its user base and the wider crypto community.

Gemini’s proactive approach in refunding its Earn users could set a precedent for other cryptocurrency platforms facing similar difficulties. This move highlights the importance of robust risk management practices and clear communication with users during periods of financial instability.

Looking ahead, Gemini aims to solidify its position in the crypto market through continuous innovation and by providing secure, user-friendly services. The platform’s decisive actions in addressing and resolving user concerns are likely to play a pivotal role in its future growth and reputation.

As the cryptocurrency industry evolves, the experiences and actions of leading platforms like Gemini will be closely monitored by regulators, investors, and users alike. The successful return of funds to Earn users not only demonstrates Gemini’s operational resilience but also underscores the critical importance of trust and accountability in the digital asset space.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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