| 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $16,602 | Bitcoin price continues to trade in the mid to high $16,000s, following extended low-volatility price action. | Top-20 altcoins have seen some small losses across the board, as Ethereum and BNB fall 1% each, Dogecoin 4% and Tron is the sole gainer with a rise of less than 1%. | Top Stories for December 28, 2022 🔥 | | In November 2021, hackers stole between $370 million and $400 million of cryptocurrency assets from crypto exchange, FTX. | The US Department of Justice is currently investigating the case to identify those responsible for the hack, which occurred when the exchange's official Telegram administrators reported unauthorized access. | The exact amount stolen is not certain, but estimates range from $370 million to $400 million. It is unknown at this time if any suspects have been identified in the case. | | Crypto exchange Coinbase has seen its stock price fall 87% over the past year and 6% over the past five days, along with a 28% decline in net revenue for Q3 2022 compared to Q2. | Transaction revenue has also decreased by 44% due to fewer active users on the exchange. In response to these financial challenges, Coinbase laid off 1,100 employees, or 18% of its workforce, in June. The company's current stock price is $32.65 per share. | | Gemini is facing a lawsuit from investors over the sale of its interest-earning crypto products. The lawsuit, filed with the US Southern District Court of New York, alleges that Gemini's Earn program, which offered customers interest of up to 7.4% for lending their crypto assets, did not register those assets as securities in accordance with US securities law. | The lawsuit claims that Gemini abruptly halted the program in November 2021 after the bankruptcy of cryptocurrency exchange FTX caused a liquidity crisis at Genesis Trading, which acted as Gemini's borrower. |
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