Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit
Digital Currency Group has over $320 million left to repay, according to Genesis, and the deal would see that remaining sum repaid by April next year. Go to Source
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Wallet of Satoshi vanishes from Apple and Google’s US app stores
Apple is facing the wrath of crypto users yet again as a popular Bitcoin Lightning wallet disappeared from its U.S.-facing App Store. Go to Source
Bankrupt crypto lender Genesis sues Gemini to recover $689M worth of ‘Preferential Transfers’
Genesis claims Gemini made preferential transfers of about $689,302,00 from Genesis and wants the court to “correct this unfairness.” Go to Source
Apple sued for blocking crypto tech for P2P payments
Apple faces a class action over alleged anti-competitive conduct in the iOS peer-to-peer payments market. Go to Source
BNB pops after report that DOJ wants $4B settlement with Binance
BNB hit its highest price since June after Bloomberg reported the Justice Department wanted $4 billion from Binance to end its probe into the exchange. Go to Source
Atomic Wallet asks to toss suit over $100M hack saying it has ‘no US ties’
The Estonia-based firm noted that only one plaintiff in the class action lawsuit is actually based in Colorado where the suit was filed. Go to Source
Grayscale ETH futures ETF a ‘trojan horse’ for spot Ethereum ETF: Analyst
Bloomberg ETF analyst James Seyffart thinks Grayscale’s Ether futures ETF application is just a ploy to corner the SEC to approve its spot Ether ETF. Go to Source
Binance used ‘tortured’ interpretation of law in bid to toss suit, says SEC
The SEC derided Binance’s request to have the regulator’s suit thrown out, claiming the crypto exchange hasn’t correctly applied the law. Go to Source
OpenAI promises to fund legal costs for ChatGPT users sued over copyright
OpenAI joins Google, Microsoft and others in legally backing their users if they face legal action over copyright infringement. Go to Source
AI chatbots are illegally ripping off copyrighted news, says media group
AI developers are taking revenue, data and users away from news publications by building competing products, the News Media Alliance claims. Go to Source