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Genesis lenders call DCG agreement ‘wholly insufficient’
The lenders of bankrupt cryptocurrency lender Genesis are not satisfied with the latest in-principle settlement agreement with other parties, including Digital Currency Group (DCG).On Aug. 29, the ad hoc group of Genesis Global Capital…
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Bitcoin analysts doubt BTC price rally as $23K target gains popularity
Bitcoin (BTC) drifted toward $27,000 after the Aug. 30 Wall Street open as the dust settled on digital asset manager Grayscale’s legal victory.BTC/USD 1-hour chart. Source: TradingViewBTC buyer interest remains lowData from Cointelegraph…
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Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI and Bitcoin mining
Nasdaq-listed Iris Energy has bought 248 state-of-the-art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative artificial intelligence (AI) in addition to its core business focus on Bitcoin (BTC) mining.The…
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In a First for NFT Sector, SEC Charges Impact Theory Over Unregistered Securities
The United States Securities and Exchange Commission (SEC) brought its first enforcement action against a player in the non-fungible token (NFT) space charging Impact Theory of engaging in an unregistered securities…
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Crypto exchange Binance is considering a full exit from Russia
Key takeaways
Binance is considering exiting the Russian market as it continues to face regulatory challenges in other…
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Court Gives Approval for Grayscale to Start a Spot Bitcoin ETF
The Court of Appeals for the D.C. Circuit had just granted Grayscale Investments’ petition to review a Securities and Exchange Commission (SEC) order. This ruling vacates the SEC order that had blocked the Grayscale Bitcoin Trust from…
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Indian PM Modi calls for global cryptocurrency framework at G20 Summit
Indian Prime Minister Narendra Modi has called for global collaboration on formulating crypto regulations during the annual Group of 20 (G20) summit. As president of the G20, India has taken up the task of advocating for a comprehensive…
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Ronaldinho fails to testify in crypto scam probe, faces possible arrest in Brazil
Brazilian soccer star Ronaldinho Gaúcho could be detained by authorities to testify over a crypto fraud investigation in Brazil. According to local media reports, Ronaldinho failed to appear before the country's Congress over a pyramid…
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Google updates service policies to comply with EU regulations
Google plans to update some of its service policies in order to comply with the European Digital Services Act (DSA) according to a blog post on Aug. 24. The BigTech giant says it has made “significant investments” in various areas in…
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Ripple (XRP) Attracts South Korea’s Young Investor Crowd: Report
Even as XRP encountered considerable upheaval due to escalating regulatory challenges, South Korean investors have remained unfazed. In fact, the asset has emerged as the most preferred one in their portfolios,…
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