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Genesis sues parent company DCG, other affiliate for $600M in overdue loans
6.9.2023
DCG borrowed $500,000 from its subsidiary last year and DCG Investments borrowed over 18,000 BTC and both have allegedly defaulted
Bitcoin short-term holders capitulate as data highlights potential generational buying opportunity
6.9.2023
Bitcoin’s current price action leaves much to be desired, but multiple indicators point to what could be a generational buying opportunity for patient investors
Genesis Global Capital Files for Over $600M in Unpaid DCG Loans: Court Docs
6.9.2023
Genesis Global Capital, a subsidiary of Digital Currency Group, filed in court for DCG to repay outstanding loans in excess of $600 million on Wednesday
Cathy Wood's ARK Invest Files for First Spot Ether ETF
6.9.2023
The Ark 21Shares Ethereum ETF is the first attempt to list such a fund in the U.S. that directly invests in ETH, the second largest cryptocurrency by market capitalization
$21 Million in ‘Sleeping Bitcoins’ Awaken After Years of Dormancy
6.9.2023
Despite Bitcoin’s (BTC) price dipping 6.4% this week and hovering below the $26K mark, a flurry of activity was noted between September 5th and 6th as several substantial ‘sleeping bitcoins’ stirred. After a lull of slightly over six years, an individual splurged 359.92...
Today in Crypto: SOMA Finance to Offer 'Legally Issued and Compliantly Structured Digital Security', Microsoft Unveils 'Heavy-Metal Quartet' of AI Compilers
6.9.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: SOMA Finance to Offer 'Legally Issued and Compliantly Structured Digital Security', Microsoft Unveils...
Lawyers Push SEC to Approve Grayscale Bitcoin ETF ‘Expeditiously’
6.9.2023
Lawyers representing crypto asset manager Grayscale Investments urged the Securities and Exchange Commission (SEC) to “expeditiously” approve a spot bitcoin exchange-traded fund (ETF) in a letter sent to the agency. Grayscale’s letter follows a unanimous ruling by a panel of the U.S. Court...
Here’s why Bitcoin will hit $22K soon
6.9.2023
This week, The Market Report discusses why $22,000 is the next logical step for Bitcoin and why BitMEX co-founder Arthur Hayes claims the bull market started back in March
Another Executive Exits Binance Amid Regulatory Scrutiny
6.9.2023
Mayur Kamat, head of product at Binance, is leaving the crypto exchange which has seen several executive exits in recent months. His and the other departures coincide with an ongoing regulatory clampdown on crypto business that has placed the leading trading platform for digital assets under...
Russian Lawmaker Backs CBDC To Displace Private Banking Sector
6.9.2023
Russia’s Central Bank Digital Currency (CBDC) the digital ruble continues to garner steam with positive pronouncements on use cases made by financial regulators in the country.
The head of the State Duma financial committee Anatoly Aksakov has said that as the digital ruble's adoption grows...
Sports Platform Sorare Unveils 3D Digital Football Player Cards with AR Integration, Launches Virtual Treasure Hunt
6.9.2023
Non-fungible token (NFT)-based fantasy game and marketplace Sorare has announced its 3D digital football player cards with integrated augmented reality (AR) capabilities.
The 2023–24 Sorare Football season will see the inaugural launch of the 3D digital player cards across the Sorare Football...
Russian Lawmaker Predicts that Digital Ruble Will Displace Banks
6.9.2023
Soon it will be possible to get a loan in the digital ruble and decisions will be made by a robot, Anatoly Aksakov, the head of the State Duma Banking Committee, said in a meeting
China Wants the Digital Yuan to Be Ubiquitous in Retail Payments Arena
6.9.2023
China is pushing for universal national adoption of the digital yuan, with People’s Bank of China’s (PBOC) officials stating the currency should be available for all retail payment scenarios. The recent introduction of a standard for QR-based payment codes is part of this move, which...
Bitcoin Price Prediction: Davis Polk Urges SEC to Approve Spot ETF, Highlighting Market Potential and Successful Crypto Entrepreneurs
6.9.2023
On Wednesday, Bitcoin saw a modest uptick, trading at $25,798, marking a nearly 0.50% increase. The financial landscape is buzzing with anticipation as Davis Polk, a prominent grayscale legal firm, ardently advocates for the SEC's approval of the Bitcoin spot ETF.
Their endorsement is rooted...
SOMA Finance to Issue the First Retail Compliant Digital Security
6.9.2023
The SOMA token will be a non-cumulative, participating preferred stock of SOMA.finance and will pay a dividend of up to 10% of profits
Leveraging Litecoin: Unpacking opportunities in the digital economy
6.9.2023
Litecoin distinguishes itself with its unique qualities and is frequently referred to as the “silver” to Bitcoin’s “gold.” This essay explores the intriguing possibilities that Litecoin brings to the forefront of the digital economy, illuminating how its distinct...
Grayscale asks SEC to meet on 'way forward' for Bitcoin ETF conversion
6.9.2023
“We believe the Trust’s nearly one million investors deserve this fair playing field as quickly as possible,” Grayscale's lawyers wrote to the regulator
Grayscale Urges SEC to Greenlight Spot Bitcoin ETF ‘As Quickly As Possible’
6.9.2023
Crypto asset manager Grayscale’s legal team has sent a letter to the US Securities Exchange Commission (SEC) asking the agency to move ahead with its proposed Spot Bitcoin BTF and meet its staff as soon as practical.
Law firms Davis Polk and Munger Tolles & Olson, representing Grayscale, sent...
Digital Yuan Will Revolutionize Chinese Retail Payments – Central Bank Exec
6.9.2023
A Chinese central bank chief has claimed the digital yuan will revolutionize the way the nation makes retail payments, and suggested the CBDC could one day “completely replace” cash.
Per Yicai, Mu Changchun, Head of the Digital Currency Research Institute at the People’s Bank of China (PBoC), made...
Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs
6.9.2023
“It’s reckless not to aggressively accumulate BTC at current levels,” K33 senior analyst Velte Lund said in a recent report