Monday, May 27, 2024
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Genesis Sues Gemini Seeking Return of $689M in Preferential Transfers

Genesis claims that, as market volatility increased, Gemini made significant withdrawal demands that harmed other creditors. Genesis Global Capital, a cryptocurrency lender, has filed a lawsuit against the Gemini cryptocurrency exchange, seeking the return of over $689 million in alleged preferential transfers. The embattled companies have been embroiled in a legal

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National Bank of Georgia seeking CBDC development partner, to launch pilot environment

The National Bank of Georgia (NGB) is developing the digital GEL and is searching for a suitable partner.  NGB plans to launch a Limited Access Live Pilot Environment through various use cases to test the technology capabilities and potential application areas of the Central Bank Digital Currency (CBDC) system.  After extensive research, NGB has

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Revolut Launches Business Offering in Australia, Seeking Banking License

Revolut believes that license would help to ensure higher consumer confidence. Crypto-friendly fintech company Revolut has introduced an international payment-targeted business account for customers in Australia, as it is allegedly operating to safeguard a banking license. The London-based company provides a wide range of fiat payment services for customers in Europe and

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Binance.US seeking to cut Changpeng Zhao’s majority stake: Report

Crypto exchange Binance US and its founder Changpeng Zhao (CZ) are reportedly looking for ways to reduce his stake in the firm, amid harsh scrutiny from United States federal regulators over the past year. The crypto executive — Binance US’ majority owner — has reportedly been trying to reduce his stake

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France Publishes Metaverse Consultation, Seeking Alternative to Dominance by Web Giants

"The immersive virtual worlds of tomorrow can take many forms," said the consultation which is open until May 2, with virtual and augmented reality, game engines and the blockchain technology that underpins cryptocurrency among them. The goal is to "propose an alternative to the virtual online worlds today put forward

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