Genesis Global Capital Sues DCG Over Unpaid Crypto Loans
Genesis Global Holdco has filed an action against Digital Currency Group over hundreds of millions of dollars of unpaid loans from 2019 which matured on May 11, 2023.
South Korea Arrests Creators of $82.5M Cryptocurrency Pyramid
The South Korean police have arrested 22 people for their involvement in a cryptocurrency investment fraud in the city of Changwon.
Number of Solana Users Falls to Lowest in 2 Years
Solana’s active user base has been steadily decreasing, with the seven-day moving average falling to a recent low of 204,000 on August 31.
Coinbase Unveils a Crypto Lending Service
Coinbase has raised $57 million for a new crypto lending service.
Bitcoin’s and Ether’s Trading Volume Declines in August
Block Research has reported that August saw a 6% decrease in trading of both Bitcoin and Ether.
European Parliament: Digital Euro Might Face Challenges in Non-euro Member States
The European Parliament’s Economic Governance and EMU Scrutiny Unit has recently conducted a review of the potential challenges the digital euro might encounter in non-euro member states.
South Korea Wants to Pass Bill to Freeze Crypto Used by North Korea
South Korean President Yoon Suk Yeol has issued instructions to have a bill drafted that will contain practical measures to bolster South Korea’s national security by tracking and freezing cryptocurrencies and other virtual assets used by North Korea.
