News Explorer — Genesis Hits Parent Company DCG With $600 Million Lawsuits

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Genesis Hits Parent Company DCG With $600 Million Lawsuits

Genesis Global, a collapsed crypto company, has filed lawsuits against Digital Currency Group (DCG) and Digital Currency Group International (DCGI) seeking repayment of over $600 million in loans, including $115 million in Bitcoin. The loans, which matured in May, have allegedly not been repaid, and Genesis Global is also seeking to recover accrued interest and late fees. Genesis Global went bankrupt in January after being hit hard by the collapse of FTX, and it owed users of Gemini Earn $900 million.

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Sep 6, 3:06 pm

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Genesis Hits Parent Company DCG With $600 Million Lawsuits

Genesis Global, a collapsed crypto company, has filed lawsuits against Digital Currency Group (DCG) and Digital Currency… Read Summary

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Sep 6, 12:12 pm

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Cathie Wood’s Ark Invest, 21Shares Apply for First Spot Ethereum ETF

Ark Invest has filed an application with the SEC to establish the ARK 21Shares Ethereum ETF, which would be the first sp… Read Summary

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Sep 6, 11:37 am

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Ice Cold: Feds Freeze Celsius Founder Alex Mashinsky’s Assets

The Department of Justice has ordered the freezing of Alex Mashinsky’s bank accounts, including those at Goldman Sachs,… Read Summary

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Sep 6, 11:12 am

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Visa Payments Will Rely on ‘Multiple Blockchains’, Says Head of Crypto

In a blog post, Visa’s Head of Blockchain, Cuy Sheffield, expressed optimism about the potential of blockchain technolog… Read Summary

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Sep 6, 11:14 am

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Google Changes Policy to Allow NFT Game Ads—With Some Limits

Google has updated its ad policy for cryptocurrency-related advertisements, allowing advertisers to promote blockchain v… Read Summary

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Sep 6, 10:58 am

Reuters

Judge Denies Sam Bankman-Fried’s Request for Release Before His Trial

Sam BankmanFried’s bid to be released from jail before his criminal trial over the collapse of his FTX cryptocurrency ex… Read Summary

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Sep 6, 10:13 am

The Block

Tornado Cash Cofounder Pleads Not Guilty to Money Laundering Charges

Tornado Cash cofounder Roman Storm has pleaded not guilty to charges of conspiracy to commit money laundering in a New Y… Read Summary

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Sep 6, 8:37 am

The Block

Former Celsius CEO Alex Mashinsky’s Assets Frozen After Arrest

Former Celsius CEO Alex Mashinsky’s assets, including funds held at Goldman Sachs, Merrill Lynch, and SoFi Bank, as well… Read Summary

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Sep 6, 6:10 am

Cointelegraph

Justin Bieber’s Hit Song ‘Company’ Will Be Turned Into an NFT

Justin Bieber’s hit song “Company” will be turned into a nonfungible token (NFT), allowing fans to invest in it and rece… Read Summary

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Sep 6, 6:14 am

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TON Foundation Announces Registration as Swiss Non-Profit

The TON Foundation, responsible for managing and developing the TON blockchain, has officially launched as a Swiss nonpr… Read Summary

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Sep 6, 5:41 am

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Marathon Digital’s Bitcoin Production Drops 9% in August Due to Texas Heat

Bitcoin mining firm Marathon Digital Holdings reported a 9% drop in Bitcoin production for August 2023 compared to the p… Read Summary

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Sep 6, 5:31 am

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Global Crypto Wealth Study Reveals 6 Bitcoin Billionaires and 88,000 Crypto Millionaires

According to a report by Henley Partners, there are currently six Bitcoin billionaires and 22 billionaires with holdings… Read Summary

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Sep 6, 3:13 am

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Sam Bankman-Fried’s Lawyers Question Former FTX Founder’s Ability to Prepare for Trial

The U.S. Department of Justice has granted Sam Bankman-Fried, founder of failed cryptocurrency exchange FTX, access to a… Read Summary

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Sep 6, 2:42 am

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PUBG Developers Unveil Cosmos-Based Settlus Blockchain for USDC Settlements

Krafton, the game development company behind PUBG Battlegrounds, has announced plans for Settlus, a blockchain project u… Read Summary

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