Update (Aug. 15 at 11:40 pm UTC): This article has been revised to incorporate a statement from Genesis’ legal representative.The venture capital firm Digital Currency Group (DCG), the parent entity of numerous organizations associated with cryptocurrency and blockchain, has lodged a complaint against two of its subsidiaries regarding a promissory note aimed at mitigating the 2022 default of Three Arrows Capital (3AC).In a filing on Thursday in the US Bankruptcy Court for the Southern District of New York, DCG claimed that Genesis Global Capital and Genesis Asia Pacific, both part of the venture capital group, owed their parent company excess…
Autore: wsjcrypto
“`html Trusted Editorial content, assessed by prominent industry professionals and experienced editors. Ad Disclosure The US Justice Department has uncovered a collection of warrants permitting the confiscation of over $2.8 million in cryptocurrency associated with a purported ransomware scheme. This action also encompasses the seizure of $70,000 in cash and a high-end automobile. The warrants, unveiled in federal courts located in the Eastern District of Virginia, the Central District of California, and the Northern District of Texas, are part of an ongoing criminal inquiry against a foreign individual accused of deploying ransomware to extort money from victims. Information on the…
Source: PAGASA The emergence of four tropical cyclone-like vortices (TCLV) is anticipated to occur in the forthcoming two weeks, as reported by the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA) on Friday. In its bulletin regarding the potential threat of tropical cyclones, which assesses the possibility of cyclone formation within the Philippine Area of Responsibility (PAR), PAGASA indicated that the initial two TCLVs are expected to develop between August 15 and 21. TCLV 1 is likely to form near Eastern Luzon and is forecasted to move into eastern Taiwan, while TCLV 2 may arise over the West Philippine Sea…
Although still operating within the single-digit range, the XRP value is reportedly gearing up for one of the most extraordinary surges in cryptocurrency history. Market specialist ‘Crypto Sensei’ anticipates that the digital asset may skyrocket by over 44,000%, potentially surpassing the $1,000 threshold. The analyst pointed out that robust capital influxes have triggered a significant market capitalization multiplier effect, laying the groundwork for this predicted escalation. XRP Price Primed For Monumental Ascend To $1,437 XRP might be on the verge of an unprecedented price breakout, as per a recent market assessment by Crypto Sensei. In a latest video on X…
“`html US Securities and Exchange Commission Chair Paul Atkins indicated that the regulatory entity will collaborate with US President Donald Trump’s administration to provide retail investors equivalent chances to engage in private equity.Atkins referenced the recent Trump executive directive permitting crypto and alternative assets in 401K retirement savings plans — tax-advantaged retirement schemes financed by individuals and their employers — as the driving force behind the initiative. He stated to Fox Business on Saturday:“It’s not particularly favorable to have a scenario where large endowments and pension funds such as state pension funds can diversify in both public and private markets,…
“`html Since January 2019, the Ethereum Foundation has maintained a tradition of interacting directly with the community through our “Ask Us Anything” (AMA) series on Reddit, taking place approximately every six months. These AMAs, formerly organized by the EF Research team, have offered a platform for in-depth explorations into the protocol’s changing landscape, direct Q&A with key contributors, and a candid look into the ongoing efforts shaping Ethereum. We are thrilled to declare the continuation of this tradition. The upcoming AMA will be facilitated by the EF Protocol cluster teams, reflecting the advancement of our organizational framework. While “EF Research”…
“`html Perspective by: Zachary KelmanNo, the GENIUS Act doesn’t eliminate all governmental oversight over currency. It doesn’t render Bitcoin tax-exempt. It doesn’t “authorize” decentralized finance (DeFi). And no — it’s not a secretive strategy for a Mark-of-the-Beast-type CBDC, especially with the anti-CBDC clauses enacted alongside it.What the GENIUS Act accomplishes — and what we should celebrate — is dismantling the grip that a select few dominant banks and regulators have held over worldwide dollar clearing for years. It terminates their monopoly on who can access legitimate dollars — and complicates their silent mandate to oversee how that money is utilized,…
“`html MONEY TRANSMITTED home by Filipinos overseas surged in June, reaching a six-month peak, propelled by remittances from land-based workers, the Bangko Sentral ng Pilipinas (BSP) reported. Cash remittances channeled through banks rose by 3.7% year over year to $2.99 billion in June, up from $2.88 billion, the BSP noted on Friday. This marked the highest level of monthly remittances recorded in six months, surpassing the $3.38 billion registered in December of the prior year. The yearly growth rate also accelerated from the 2.9% observed in May, when remittances totaled $2.66 billion. “Cash remittances sent to the Philippines continued to…
“`html KindlyMD, Inc. (NASDAQ: NAKA) and Bitcoin-centric holding firm Nakamoto Holdings Inc. have formally finalized their eagerly awaited merger, establishing a publicly traded Bitcoin treasury entity with goals to acquire one million BTC. The merged organization will operate under the KindlyMD banner, listed on the Nasdaq Capital Market, while Nakamoto will serve as a fully owned subsidiary supervising the Bitcoin financial services sector. “Our aspiration is for global capital markets to function under a Bitcoin standard. The merger today marks the outset of that expedition for our enterprise,” remarked David Bailey, CEO of the integrated company. “Since embarking on my…
The US region of New York could impose taxes on the sales and transfers of cryptocurrency and non-fungible tokens (NFTs), according to a proposal presented in the state’s Assembly.Assembly Bill 8966, put forward on Wednesday by Democratic Assemblymember Phil Steck, seeks to introduce a 0.2% excise tax on “digital asset transactions, encompassing the sale or transfer of digital assets.”If the bill is passed, it would be implemented immediately and would pertain to all sales and transactions, commencing on Sept. 1.If enacted, the legislation could generate considerable tax revenue for the state, as New York City is recognized as the world’s…