DCG borrowed $500,000 from its subsidiary last year, and DCG Investments borrowed over 18,000 BTC. Both have allegedly defaulted.
Genesis sues parent company DCG, other affiliate for $600M in overdue loans [cointelegraph]
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Genesis sues parent company DCG, other affiliate for $600M loans, then stays action [cointelegraph]
DCG borrowed $500,000 from its subsidiary last year, and DCG Investments borrowed over 18,000 BTC. Both have allegedly defaulted.
VC Roundup: Enterprise blockchain, Bitcoin staking and Web3 pique investors’ interest [cointelegraph]
Orbital, ZTX, Stroom Network, unshETH and Fxhash highlight the latest funding deals from the world of crypto and blockchain.
Grayscale Bitcoin Trust’s alleged wallet addresses released by Arkham [cointelegraph]
The blockchain analytics firm claims Grayscale is the world’s second-largest BTC entity.
OpenAI and Microsoft accused of stealing data to train ChatGPT in new class-action suit [cointelegraph]
The lawsuit alleges that OpenAI’s profits came as a result of using illegally scraped data to train its models.
Appellate judge denies Sam Bankman-Fried’s request for immediate release from jail [cointelegraph]
The motion from Sam Bankman-Fried’s lawyers will now go to a three-judge panel, with less than four weeks before the former FTX CEO’s criminal trial is set to begin in New York.
Riot Platforms says Texas energy strategy reduced production costs by $31M [cointelegraph]
As Texas baked in the sun, Riot Platforms received two types of monetary credit for being attentive to the grid’s power needs.
Ronaldo hints at NFT plans, and will the metaverse be a ‘tax haven?’: Nifty Newsletter [cointelegraph]
Soccer star Cristiano Ronaldo took a lie detector test to celebrate the launch of his latest NFT collection in July.
Binance creates smart contract to refund users affected by $3M rug pull [cointelegraph]
After the rug pull, Xirtam scammers directly deposited stolen funds onto Binance, prompting the exchange to freeze the assets.
Financial privacy and regulation can co-exist with ZK proofs — Vitalik Buterin [cointelegraph]
A new paper co-authored by Ethereum’s Vitalik Buterin highlights the use of zero-knowledge proofs as a tool for regulatory compliance and on-chain privacy.