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DCG sues Genesis over promissory note debt amid bankruptcy challenges
ByRicardoDigital Currency Group (DCG) has sued its lending subsidiary Genesis, asking a bankruptcy court to confirm it is owed more than $105 million plus interest on a financial backstop extended during the 2022 crypto downturn. The case, filed on Aug. 14 in the U.S. Bankruptcy Court for the Southern District of New York, centers on…
SEC liquid staking guidance clears ‘last hurdle’ for staking in spot crypto ETFs
ByRicardoFresh US Securities and Exchange Commission (SEC) staff guidance on liquid staking is stoking expectations that US regulators will soon allow staking within spot crypto exchange-traded funds (ETFs). Co-founder of The ETF Institute Nate Geraci called the guidance “the last hurdle” before the SEC can approve staking in spot Ethereum (ETH) ETFs. Furthermore, he noted…
Eliza Labs files antitrust lawsuit against X, alleging AI agent monopolization
ByRicardoEliza Labs and founder Shaw Walters filed a federal antitrust lawsuit in opposition to social media platform X on Aug. 27. Based on the lawsuit, the plaintiffs are alleging that the social media platform fraudulently extracted technical details about their AI brokers earlier than deplatforming them and launching competing merchandise. The grievance seeks damages exceeding…
Are you doxxed? Crypto holders are now primary targets for violent gangs using one specific data overlap to locate homes
ByRicardoOn the evening of Nov. 26, Danylo Okay., a 21-year-old Ukrainian pupil and the son of Kharkiv’s deputy mayor, was lured to the underground storage of Vienna’s Sofitel resort by a fellow pupil. As native retailers reported, what adopted was a torture session designed to extract cryptocurrency pockets passwords: attackers beat him till his tooth…
Crypto News: Expectations For September Rate Cuts Drop Despite Powell’s Speech
ByRicardoFinal week, Federal Reverse Chairman Jerome Powell set the crypto group on fireplace after speaking at the annual Jackson Hold economic symposium. Throughout his speech, Powell had hinted towards potential fee cuts that might occur within the month of September, and since fee cuts have been traditionally bullish for threat belongings, this rapidly triggered a…