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Failed Crypto Lender Genesis to Disburse $3B to Creditors in Bankruptcy Case
20.5.2024
Judge Sean Lane greenlit Genesis Global's Chapter 11 plan on Friday, allowing the defunct crypto lender to repay creditors roughly $3b in crypto and cash.
The post Failed Crypto Lender Genesis to Disburse $3B to Creditors in Bankruptcy Case appeared first on Cryptonews
Game Studio Shuts Down Before Shipping A Game, Blames Internal Leaks
12.4.2024
Possibility Space, a studio founded by State of Decay creator Jeff Strain, has shut down, according to several social media posts from its former employees.Read more
Dominic Williams, Founder of DFINTIY, on Decentralized AI, AI Dapps, Hosting AI Models on the Blockchain, and Multichain DeFi | Ep. 321
29.3.2024
Dominic Williams, the Founder of DFINTIY Foundation, a major contributor to Internet Computer, discusses the future of AI, its ‘perfect partnership’ with smart contracts and blockchain, how AI can help average Joe and Jane perform complex trades with verbal instructions, the difference between...
Star Wars: Battlefront Classic Collection Is A Messy Stumble Down Memory Lane
14.3.2024
Star Wars: Battlefront Classic Collection, which combines remastered versions of the first two Pandemic-developed games, is now out on consoles and PC. And while I’m enjoying the chance to replay this favorite of mine from yesteryear, bugs and other problems make it tricky to recommend in...
Sygnum Bank, Apex Group, & Hamilton Lane widen participation in private markets
5.3.2024
Sygnum Bank, in collaboration with Hamilton Lane and Apex Group, has introduced an all-encompassing initiative to establish connections with a broader and more diverse range of well-known investors. This pertains to privately operated international markets. By leveraging the capabilities...
Court Frees Genesis to Sell GBTC Shares Worth $1.3B to Compensate Clients
15.2.2024
Genesis Global obtained bankruptcy court approval on Wednesday to sell its Grayscale Bitcoin Trust (GBTC) shares. The bankrupt crypto lender can now sell its 35m GBTC shares worth over $1.3b as part of efforts to reimburse customers. In a Feb. 14 hearing conducted via Zoom, Judge Sean Lane signed...
Brevan Howard, Hamilton Lane Back New Tokenization Platform Libre
10.1.2024
Freshly out of stealth, Libre is also working with Nomura’s Laser Digital unit and has been built using Polygon’s chain development kit by tokenization pioneer Avtar Sehra
100x Meme Coin Sponge Launches V2 – Is $SPONGEV2 The Best Crypto to Buy Now?
18.12.2023
Investors are scrambling to take a position in the freshest meme coin on the market – Sponge V2 ($SPONGEV2), the next incarnation of the legendary Sponge ($SPONGE) meme coin. Let’s take a trip down memory lane – Sponge V1 made its debut during the bear market of May 2023, launching as...
Tesla Recalls Millions Of Cars To Patch Mode That Could Kill You
13.12.2023
Tesla is recalling and updating almost all of its two million electric cars sold in the United States to place additional limits on their included self-driving assistance mode, Autosteer. Investigations have shown Autosteer can be extremely dangerous, and it’s been blamed for multiple accidents...
Africa-Focused Remittances Fintech Lemfi Raises $33 Million in Series A Funding Round
31.8.2023
An Africa-focused remittances platform, Lemfi, recently said it has raised $33 million in a Series A round led by Left Lane Capital. Lemfi said it will use the capital raise to “expand its product offering to the United States, Europe, the Middle East, and Asia.” Making Remittances Less...
Silvergate CEO to depart amid ongoing liquidation and investor suits
16.8.2023
Silvergate is losing its CEO Alan Lane and two other top executives as part of an ongoing wind-down of the once crypto-friendly bank
Hamilton Lane Offers Polygon-Based Tokenized Access to a Second Fund
4.5.2023
Access to the Senior Credit Opportunities Fund is available through a feeder fund from Securitize
‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says
27.4.2023
Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop, according to Philip Lane who believes the bank has...
‘Killer use case’: Citi says trillions in assets could be tokenized by 2030
31.3.2023
The bank predicts the private equity market to become the most “tokenized” asset class because it is more liquid and can be fractionalized
SBF and FTX fraud 'aided and abetted' by Silvergate Bank, alleges lawsuit
15.2.2023
The filing is the latest proposed class action in a string of lawsuits aimed at Silvergate over the last two months about its links with Sam Bankman-Fried and defunct crypto exchange FTX
Are stablecoins securities? Well, its not so simple, say lawyers
13.2.2023
One lawyer said that while stablecoins are meant to be stable, buyers may possibly profit from a range of arbitrage, hedging, and staking opportunities
Investment Manager Hamilton Lane Opens First Tokenized Fund With Securitize
31.1.2023
The Polygon-backed feeder makes the flagship direct equity fund available to more investors
Crypto lawyers to be in demand as regulatory pressure reaches boiling point
26.1.2023
Commercial lawyers with a solid knowledge of blockchain and crypto tech will be in particularly high demand
Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022
20.1.2023
Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While Silvergate has taken steps to help it navigate...
FTX reboot could falter due to long-broken user trust, say observers
20.1.2023
Crypto industry observers have questioned whether customers or investors will ever want to "come near" FTX again