Creditors of the crypto financial firm Genesis call for $1.5 billion of forbearance payments and loans denominated in dollars, bitcoin and ether, according to a term sheet posted on Twitter by the Gemini co-founder. Author: Bradley Keoun
Archives for July 2023
Three Arrows Founders to Donate Future Earnings to Creditors in Spirit of ‘Karma’
The founders of the hedge fund that filed for bankruptcy last year have started an exchange for creditor claims, which is seeing $50 million in trading volume, said Davies. Author: Eliza Gkritsi, Rosie Perper
A New Blockchain for Generative AI?
Web3 architectures aren’t built for AI, but they could be, says Jesus Rodriguez, CEO of IntoTheBlock. And there are risks if we don’t build. Author: Jesus Rodriguez
Singapore’s MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-End
Crypto service providers in Singapore are now required to safekeep customer assets under a statutory trust before the end of the year. Author: Amitoj Singh
First Mover Asia: Bitcoin Maintains $30K as Prospective Issuers Refile ETF Applications
PLUS: Japan is a regulatory success story when it comes to digital assets and Web3. But walking around the recent IVS Crypto Conference in Kyoto, one can’t help but feel that something is amiss. Author: Sam Reynolds
