Gemini Files Lawsuit Against Genesis Over Bitcoin Trust Shares
Gemini Trust Co. has filed a lawsuit against Genesis over who will take control of the $1.6 billion Grayscale Bitcoin Trust (GBTC). As part of a tri-party agreement, Gemini operated a program that permitted users to lend digital assets to Genesis Global. Genesis distributed the Gemini Earn aggregated funds as loans to large organizations and […]
Solana Labs Launches Web3 Incubator Program
On October 26, Solana Labs unveiled a brand-new incubator program for developers offering fundraising support for projects on the Solana blockchain. The “Solana Incubator” program will provide fundraising, development, networking, and marketing assistance to web and blockchain initiatives that wish to build on Solana’s platform. The Solana Incubator will accept submissions until November 30. Accepted […]
Game Developer Neon Machine Raises $20M in Series A Funding
Neon Machine, a Web3 game developer, raised $20 million in Series A funding to create Shrapnel, a highly anticipated extraction shooter similar to Call of Duty. This round follows a seed round of $10.5 million that concluded in June of 2021. Polychain Capital led the round, with participation from Griffin Gaming Partners, Brevan Howard Digital, […]
Matrixport Reiterates Bitcoin Prediction of $45K By Year-End
Matrixport, a cryptocurrency trading company founded by Wu Jihan, co-founder of Bitmain, has reiterated its prediction that Bitcoin will reach $45,000 by the end of the year as predicted at the beginning of 2023. Matrixport reiterated its bold Bitcoin forecast in a blog post on October 24. Initially establishing its 2023 year-end BTC price target […]
Binance Files for Dismissal of CFTC Lawsuit
Binance crypto exchange and its CEO, Changpeng “CZ” Zhao, are once again challenging the Commodity Futures Trading Commission (CFTC) of the United States. They have filed documents seeking dismissal of a lawsuit filed by the regulator in March. Binance’s attorneys questioned the CFTC’s global regulatory scope in a 23 October filing with the U.S. District […]