Jack Dorsey’s Block sues Bitcoin.com over ‘Verse’ name in Europe

Digital Currency Group (DCG) has brokered a deal to resolve the nearly billion-dollar fight between its Genesis digital asset lending platform and rival lender Gemini Earn. Late Monday, Cameron Winklevoss, who along with his twin brother Tyler runs the Gemini Trust Company, announced via Twitter that Gemini had “reached an agreement in principle” with Genesis Global Capital, DCG “and other creditors on a plan that provides a path for Earn to recover their assets. This agreement was announced in Bankruptcy Court today.”

Bankrupt digital asset lender BlockFi has won the approval of a U.S. bankruptcy court to sell its BTC block reward mining assets. BlockFi’s lawyers argued in court that this is the ideal time to auction off the company’s BTC mining assets as the sector is seeing a slight turn in fortunes after a rough year in 2022. In the video court hearing, the lawyers, led by Francis Petrie, claimed that the company had received bids for the assets from various interested parties.

After a brief hiatus, Bitcoin developer Joshua Henslee was back with another video. In this one, he speculated why stablecoin issuer Circle suddenly terminated its HandCash USDC accounts. Circle terminated its agreements with HandCash without warning. Henslee recaps what most in the BSV ecosystem know by now: Circle abruptly terminated...

The U.S. Securities and Exchange Commission (SEC) appears to have the Coinbase (NASDAQ: COIN) and Kraken digital asset exchanges squarely in its sights for dealing in unregistered securities. On Wednesday, Bloomberg reported that the SEC is probing the San Francisco-based Kraken over whether the cryptocurrency exchange offered unregistered securities to...

The financial services company and creator of USDC Circle has terminated Bitcoin SV wallet HandCash’s agreements immediately. This move suspends the top-up functionality with a debit or credit card as well as delays HandCash’s much-anticipated 5.0 update, which includes a full USDC integration. I had the opportunity to ask HandCash CEO Alex Agut some questions regarding this unfortunate decision.

Marjorie Taylor Greene suggested the Pentagon may have withheld information about Chinese spy balloons from Trump, and called for an investigation.

China's Foreign Ministry said the craft was a lost civilian balloon, the same explanation it gave for a suspected spy balloon that drifted over the US.

Disclaimer: We adhere to strict standards of editorial integrity to help you make decisions with confidence. All links marked with an asterisk ( * ) are paid links. The Fed’s interest rate decision, the Labor Department’s jobs report and corporate earnings have been dominating headlines lately. But in this day and age, you might also want to pay attention to the ongoing war between Russia and Ukraine — because the consequences could be dire.

The scandals and collapses of 2022 in the digital asset space came in a year of energy crisis and further damning evidence of climate change around the globe, further emphasizing the importance of ethical and responsible investing. With this in mind, where does the industry currently stand in terms of its moral and ethical claims, and how does it relate to ever more important ESG standards?

Dr. Craig Wright has all the attention of the digital asset space right now. The recent ruling concerning the Tulip Trading Ltd. case against blockchain developers stirred up emotions in the so-called ‘crypto market.’. Introduction of the ruling:. The question in this appeal is whether the developers who look...

Binance will ‘temporarily’ halt U.S. dollar bank transfers on Wednesday, February 8, in the latest sign that all is not well with the world’s largest digital asset exchange by trading volume. On Monday, social media accounts began posting messages received by Binance.com customers informing them that the...

The U.K. High Court has ruled that a landmark claim over the ownership of the Bitcoin database and the Bitcoin white paper has enough prospect of success that it’s defendants can be served out of the jurisdiction. The claim is brought by Dr. Craig Wright and is against the...

Kraken has shut down its office in the United Arab Emirates (UAE) as it struggles with plummeting trading volumes amid the bear market. The American exchange has been hard hit by dwindling trading volume in the past year, and last December, it announced layoffs for 30% of its employees, blaming “macroeconomic and geopolitical factors.”

Business analysts LexisNexis have recognized nChain as one of its Top 100 innovators in a report released this week. The publication, titled “Innovation Momentum: The Global Top 100,” lists the firms it regards as leading the cause to “find innovative solutions to today’s challenges, and laying the intellectual property foundations for further breakthroughs.”

Bitcoin SV has officially been listed on Coinstore.com, a leading digital currency exchange. This provides another way for users, entrepreneurs, and others to buy, sell, and trade BSV. Along with the listing on Huobi Japan in 2022, the move proves that more exchanges are noticing the growing BSV ecosystem, which...

The small blockers were yelling at the skies in a fury last week when Ordinals NFTs were launched on the BTC blockchain. Bitcoin developer Joshua Henslee released a new video sharing his thoughts on the situation and what might happen next. What happened with Ordinals?. Henslee begins by recapping the...

Investors who traded LBC tokens on secondary markets didn’t violate securities laws, a U.S. judge has ruled in a blow to the Securities and Exchange Commission (SEC)’s enforcement effort. The SEC was embroiled in a legal battle with LBRY Inc., a decentralized publishing platform, over whether the platform...

Indonesia’s proposed national digital asset exchange is inching toward a full-scale launch in the coming months after missing its previous deadline. The country had previously earmarked December 2022 as the launch date of the national exchange, but several undisclosed reasons forced regulators to postpone the launch date. Minister of Trade Zulkifli Hasan announced the new launch date of June at the start of “Crypto Literacy Month” in Jakarta.

Binance has continued to serve its Filipino users despite being unlicensed and unregistered by the country’s central bank, a Philippines think tank has stated in a letter to the Bangko Sentral ng Pilipinas (BSP). Binance has operated globally without licenses for years. However, in recent years different regulators have...

A U.S. federal judge has sided with Meta Platforms Inc. (NASDAQ: META) in an ongoing antitrust legal battle with the Federal Trade Commission (FTC) over the purchase of virtual reality (VR) startup Within Unlimited. According to a New York Times report, the judge dismissed the FTC’s request for a preliminary...