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Mediation Period for Bankrupt Crypto Firm Genesis Nearing End, Deal Uncertain


Mediation between bankrupt cryptocurrency lender Genesis Global Holdco and creditors is set to conclude by August 16, but a deal is yet not certain.  Speaking during a hearing before US Bankruptcy Judge Sean Lane, company lawyer Sean O'Neal said the mediation period would not be extended if...

Digital Currency Group Hires Mark Shifke as CFO; Q2 Revenue Surges


Digital Currency Group (DCG), the crypto conglomerate led by Barry Silbert, has appointed Mark Shifke as its new chief financial officer (CFO).  Shifke previously served as CFO at Billtrust and Green Dot, as well as holding positions at JPMorgan Chase & Co. and Goldman Sachs Group Inc, Bloomberg...

Iran Increases Efforts to Join BRICS, Strengthen Ties With Member Countries


Iran has ramped up its efforts to become a member of the BRICS group ahead of the economic bloc’s summit. The Iranian deputy foreign minister for economic diplomacy revealed that Iran is actively pursuing opportunities to strengthen its economic ties with BRICS members, noting that it...

Japanese Blockchain Developer HashPort Group Raises $8.5 Million in Funding


In its latest funding drive, HashPort, the Japanese blockchain developer, has garnered a whopping 1.2 billion Japanese yen (equivalent to $8.5 million).  The Series C funding round was led by major players like Sumitomo Mitsui Banking Corporation, The University of Tokyo Edge Capital Partners,...

Bankrupt FTX and Genesis Global to Settle Dispute in Bankruptcy Cases


Bankrupt crypto exchange FTX and crypto lender Genesis have come to an agreement to settle their disputes within their bankruptcy cases. The agreement was disclosed in a letter submitted by their legal representatives to the US bankruptcy court for the Southern District of New York...

North Korea's Lazarus Group Suspected in $37 Million Hack on CoinsPaid


North Korean hackers at the infamous Lazarus Group are suspected to be behind a $37 million attack on crypto payment system CoinsPaid. The attack, which happened on July 22, successfully drained funds from the company’s own reserves, while customer deposits were unaffected, CoinsPaid said in...

White House Says US Policy Allows Partners to Seek BRICS Membership


The White House has affirmed that U.S. policy does not ask partners to choose between the U.S. and other countries, including the BRICS nations. “The U.S. does not want to limit countries’ partnership with other countries,” said Press Secretary Karine Jean-Pierre. More than 40 countries have...

BRICS Invites 69 Leaders to August Summit — Western Countries Omitted


The BRICS economic bloc has invited 69 leaders to its upcoming summit, including all African heads of state and the political heads of major Global South bodies. More than 40 countries have expressed interest to join the BRICS group, with 22 nations already having submitted official applications....

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