Genesis Owes Over $3.5B to Top 50 Creditors
Genesis has over 100,000 creditors between the of its companies that declared bankruptcy.
Month: January 2023
Nifty News: Trump NFTs surge 800%, Yuga Labs blacklists NFT exchanges, and more
Donald Trump’s NFT collection started out strong but then started looking lifeless up until a few days ago.
Share Creators wants to solve asset management mess for game developers
Finding a product-market fit isn’t always easy, but when you are the end-user experiencing a real pain point, the solution might be more obvious. That’s the case for newly-funded Share Creators, a platform that helps game developers manage and store large media assets as remote work becomes increasingly common in the industry. Based in the … Read more
Twitterrific and other clients begin offloading their apps after Twitter shuts them out
Twitterrific, one of the most iconic third-party Twitter clients, said today that it has removed the iOS and Mac apps from the App Store. Iconfactory, the company that made Twitterrific, said in a blog post that under Elon Musk’s management, the social media network has become “a Twitter that we no longer recognize as trustworthy … Read more
DCG’s crypto lending subsidiary Genesis files for Chapter 11 bankruptcy
Genesis Global Trading, a subsidiary of the crypto conglomerate Digital Currency Group (DCG), filed for Chapter 11 bankruptcy in the Southern District of New York (SDNY) court late Thursday night. Genesis Global Holdco and two of its lending business subsidiaries Genesis Global Capital and Genesis Asia Pacific filed voluntary petitions under the bankruptcy code for … Read more
Deep learning tuning playbook
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Ransom refusals hit attackers where it hurts: 40% revenue drop in 2022 — Chainalysis
A number of industry pundits believe the U.S. Office of Foreign Assets Control’s threat to impose sanctions has victims thinking twice about paying up.
Daring drive-by at SBF’s: 3 men drove into barricade and fled: Lawyers
The lawyer’s didn’t specify the date or time at which the incident took place, and claimed the security personnel were unable to get the license plate details.
Crypto lender Genesis files for bankruptcy
Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York.
Genesis’ Crypto Lending Businesses Files for Bankruptcy Protection
The collapse of FTX was the final straw for Genesis, which earlier this year suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.
Former FTX chief lawyer claims US legal counsel channeled business to S&C
The former chief regulatory officer of FTX has supported a motion that would stop FTX from using Sullivan & Cromwell LLC as its lead bankruptcy counsel.
First Mover Asia: Bitcoin Returns to Its Winning Ways
ALSO: Shaurya Malwa writes about Singapore asset management firm Cobo’s initiative to introduce separate custodian, clearing and settlement services to crypto; Bitcoin’s price rises back past $21K.
Crypto could solve venture capital’s due diligence problem — VC exec
Due diligence has always been an issue in the venture capital space according to a VC executive, but crypto offers a solution: A public and immutable ledger.
Google to cooperate with Indian authorities after losing Android antitrust ruling bid
Google will continue to challenge the Indian antitrust watchdog’s ruling but will cooperate with the authorities “on the way forward,” it said Friday, responding to a high-profile decision by the top Indian court this week that is cornering the Android-maker into making a series of changes that could topple how it conducts business in the … Read more
Twitter TOS Change
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Solana Blockchain SOL Token Doubles From FTX-Crash-Induced Lows, but Will It Continue to Rebound?
SOL’s price has surged 114% so far this year, slowly recovering from losses from early November. Crypto traders and analysts are navigating the prospects for the Solana community.
Apple has hiked HomePod Mini and iMac prices in some countries
Photo by Dan Seifert / The Verge Depending on where you live, the HomePod Mini and the iMac may have just gotten more expensive. The Apple Post noted that the company’s small smart speaker went from £89 to £99 in the UK, and outlets like MacRumors and 9to5Mac have reported a similar €99 to €109 … Read more
China’s digital yuan gets smart contract functionality alongside new use cases
China’s central bank digital currency (CBDC) has seen new use cases in recent days, including buying securities and making offline payments.
A $32 million seed round for Chris DeWolfe’s next gaming biz defies 2023 trends
A $32 million seed round may seem like a throwback to frothier times like . . .2021. But that’s how much PLAI Labs just raised in a deal led by Andreessen Horowitz (a16z). It a lot of moolah in a volatile market, even coming as it does from two separate a16z funds: the firm’s $600 … Read more