DCG Under Investigation By US Authorities Over Internal Transfers – January 9

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $17,291

Bitcoin price has smashed through the $17,000 mark, escaping the $16,000 range for the first time in over two weeks.

Top-20 altcoins are performing well over the last 24 hours, as Ether rises 5%, BNB gains 6% and Solana leads with a 25% rally.

Top Stories for January 9, 2022 πŸ”₯

πŸ‘‰ DCG Under Investigation By US Authorities Over Internal Transfers

Digital Currency Group (DCG) is under investigation by the Department of Justice and Securities and Exchange Commission over internal transfers involving subsidiary Genesis Global Capital.

Prosecutors have requested interviews and documents from both companies, while the SEC is running a similar early-stage inquiry – however it is not yet clear what the investigation is about or if any indictment has been brought against DCG.

Genesis was one of the firms severely affected by the FTX collapse last year, now owing $900 million to crypto exchange Gemini.

πŸ‘‰ Ethereum Shanghai Upgrade Nears, Staking Tokens Rally

Ethereum’s Shanghai upgrade is drawing closer, which will finally enable Ether (ETH) stakers to withdraw their coins if desired – allowing them to get access to their ETH for the first time since the beacon chain launched in December 2020.

As a result, tokens associated with Ether staking platforms have seen rallies in price. Lido Finance (LDO) has seen a 17.2% increase over the last 24 hours, and almost a 75% gain over the last week.

πŸ‘‰ $450M Of Robinhood Shares Seized From FTX Founder

Over 55 million shares of Robinhood stock worth more than $450 million have been seized from FTX founder Sam Bankman-Fried by the US Department of Justice.

According to a court filing from Friday last week, the shares were seized because they constitute property involved in money laundering or wire fraud violations.