Despite an ongoing legal tussle with US authorities, Winklevoss Twins-owned crypto exchange Gemini has announced the launch of a crypto derivatives platform. The new platform will only cater to crypto derivatives traders outside the North American nation.

For the first derivatives trade on Gemini Foundation, investors will be able to trade Bitcoin perpetual contracts denominated with the exchange’s famous stablecoin Gemini Dollars (GUSD). The announcement said it is also making plans to add ETH/GUSD perpetual contracts to its lineup of offerings and many others.

Crypto Exchange Gemini Ventures Outside the US With Plans for Derivatives Platform](https://cryptonews.com/news/crypto-exchange-gemini-ventures-outside-us-with-plans-for-derivatives-platform.htm)) Gemini launches a crypto derivatives platform for non-North American traders. BTC/GUSD perpetual contracts will be the first trading pair on offer.

MetaMask, a leading cryptocurrency wallet provider, has recently been accused of being involved in a massive wallet-draining operation that resulted in the loss of over 5,000 ETH, worth more than $10.5 million in crypto and nonfungible tokens (NFTs) since December 2022. However, MetaMask has strongly denied these claims, stating that the exploit was not specific to its wallet.

In response to a series of tweets by Taylor Monahan, the founder of Ethereum wallet manager MyCrypto, MetaMask issued a statement on April 18, saying that recent reporting on Monahan’s thread has incorrectly claimed that a massive wallet-draining operation is a result of a MetaMask exploit. The wallet provider confirmed that the 5,000 ETH was stolen “from various addresses across 11 blockchains,” adding that the claim that funds were hacked from MetaMask “is incorrect.”

MetaMask Denies Involvement in Massive Wallet-Draining Exploit](https://blockchain.news/news/metamask-denies-involvement-in-massive-wallet-draining-exploit)) MetaMask has denied claims that its wallet was exploited in a recent massive wallet-draining operation that resulted in the loss of over 5,000 ETH. The company has confirmed that the funds were sto

Société Générale Forge (SG Forge), the digital asset subsidiary of the prominent French banking firm Société Générale, has unveiled a new stablecoin, CoinVertible ($EURCV), pegged on the Euro. The stablecoin was launched on the Ethereum blockchain, and will be exclusively available for qualified institutional clients.

Société Générale Introduces Euro-pegged Stablecoin On Ethereum](https://cryptodaily.co.uk/2023/04/societe-generale-introduces-euro-pegged-stablecoin-on-ethereum-update)) The new stablecoin was met with a certain degree of criticism from blockchain developers, highlighting some concerning traits inside the contract code.

Bitcoin, the world's largest cryptocurrency, has been quite fabulous since the start of 2023, soaring over 70% in the first quarter. However, the upward trend appears to be losing steam as BTC recently fell over 2% to $28,284.02.

The current Bitcoin price is $28,238, and the 24-hour trading volume is $21 billion. Bitcoin has fallen by 2.61% in the previous 24 hours.

Meanwhile, Ethereum (ETH), the second-largest cryptocurrency globally, has been performing exceptionally well in the past week. This is due to the successful implementation of the Shanghai hard fork update.

BTC's value has fallen recently because of two main reasons. Firstly, the US Fed Chair made some hawkish comments about interest rate hikes that caused uncertainty in the market.

Bitcoin Price Prediction as $20 Billion Trading Volume Comes In – Is Now a Good Time to Buy BTC?](https://cryptonews.com/news/bitcoin-price-prediction-as-20-billion-trading-volume-comes-now-good-time-buy-btc.htm)) Bitcoin, the world's largest cryptocurrency, has been quite fabulous since the start of 2023, soaring over 70% in the first quarter. However, the upward trend appears to be..

Bitcoin (BTC), the world's most valuable cryptocurrency, has performed remarkably well over the past months. Although, the recent upticks in Bitcoin seem to be fading slightly, as it fell below the $30,000 barrier early Thursday morning.

However, the reason can be attributed to the release of the latest UK inflation figures, which were beyond expectations. Meanwhile, the possible rate hikes by the US Fed as well as the US SEC’s increased crackdown on crypto firms were seen as another key factor that has been putting pressure on BTC prices.

Furthermore, Ethereum, the second most valuable cryptocurrency, declined more than 5 percent to null,956. Apart from this, other popular altcoins including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) experience several losses on the day. BTT emerged to be the biggest gainer of the lot, with a 24-hour gain of over 8 percent.

Bitcoin Price and Ethereum Prediction: BTC and ETH Drop 5%—Time to Buckle Up or Just a Bump in the Road?](https://cryptonews.com/news/bitcoin-price-ethereum-prediction-btc-eth-drop-5-time-buckle-up-or-just-bump-road.htm)) Bitcoin (BTC), the world's most valuable cryptocurrency, has performed remarkably well over the past months. Although, the recent upticks...