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Bankrupt crypto lender Genesis and its parent company, Digital Currency Group (DCG), has struck a deal that could end an ongoing lawsuit to claw back $620 million in repayments from DCG. In a Nov. 28 filing to a New York Bankruptcy Court, Genesis said DCG agreed to pay its outstanding $324.5
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Streaming video is one of the fastest-growing markets in the world, with the OTT video industry alone projected to reach $200 billion in 2023. Short for “over-the-top” video, the OTT video ecosystem includes on-demand video as well as ad-supported video content, and it is mainly driven by the growth of
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Hester Pierce, commissioner of the United States Securities and Exchange (SEC), has raised concerns about the watchdog's recent warning advising accounting firms against taking on non-audit work for crypto clients.In a July 28 tweet, Pierce questioned the recent statement made by the SEC's chief accountant, Paul Munter, warning accounting firms
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The recent US debt ceiling deal has struck out the previous crypto tax bill proposed by the Biden administration. Congressman Warren Davidson has confirmed that the recent US debt ceiling deal blocks a potentially pivotal crypto tax bill proposed by the Biden administration. Davidson’s confirmation came as a response to a tweet by Bitcoin advocate and Riot
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Despite China’s uneven economic recovery, Deutsche Bank “remains optimistic” about China for the medium to long term. Over the last weekend, US President Joe Biden and congressional leaders struck a deal to raise the US debt ceiling. This will allow the government to borrow more and spend on infrastructure and other
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Amid growing concerns of a potential default by early June, the United States president Joe Biden and Republican Kevin McCarthy have reportedly reached an "agreement in principle" to raise the federal government's $31.4 trillion debt ceiling.According to a May 28 report from Reuters, citing two sources familiar with the negiotations, the "tentative"
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The company established a headquarters in El Salvador for its global entity as it expanded its app to more than 65 countries last week. Original Source
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A hacker that exploited decentralized finance (DeFi) protocol Safemoon has agreed to return 80% of the stolen funds valued at $7.1 million, according to on-chain data. Original Source
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One of the major Ethereum MEV (maximal extractable value) bots has been targeted in an attack, allegedly by an Ethereum validator. Source
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“The buying and selling of data is a multibillion-dollar growth industry that shows no signs of slowing down," said Rachid Ajaja, CEO and co-founder of AllianceBlock. "However, until now, decentralized and centralized data providers and users have operated in siloes, unable to interact." Original Source
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