The community of NFT holders in prominent Ethereum collection Nouns fractured into two late Friday when a proposed fork from the project was completed. Holders of more than half of all Nouns NFTs opted to leave—and collectively withdrew over $27 million worth of ETH from the project treasury in the process. The owners of 472 total Nouns NFTs—out of 846…
Month: September 2023
Gemini legal team accuses DCG of ‘gaslighting’ Genesis creditors
Lawyers representing Gemini Trust have pushed back against a plan proposed by Digital Currency Group (DCG) for creditors of Genesis Global. In a Sept. 15 filing in United States Bankruptcy Court for the Southern District of New York, the legal team accused DCG of gaslighting Genesis creditors through “contrived, misleading, and inaccurate assertions” in the recovery plan. The plan, filed…
Polygon 2.0 — MATIC conversion to POL outlined in preliminary improvement proposals
The Ethereum layer-2 developer has introduced the first improvement proposals to begin the transition to its Polygon 2.0 ecosystem. Source: https://cointelegraph.com/app/public/index.php/news/polygon-2-matic-conversion-to-pol-proposal
Judge Grants SEC’s Motion to Unseal Key Documents in Binance Lawsuit
The Securities and Exchange Commission’s (SEC) motion to unseal documents in its lawsuit against Binance US was approved on Friday by a district judge, according to a court filing. The information was previously filed under seal by the regulator in August, limiting access only to the attorneys involved in the lawsuit. However, the SEC moved to make several documents—including exhibits for…
PayPal rolls out crypto ramps, Franklin Templeton joins BTC ETF race, and more
Without aggressive marketing tactics, fintech giant PayPal is quietly and consistently venturing deeper into the crypto space, rolling out features and building key partnerships to advance its digital assets strategy. This week, PayPal unveiled new on-ramps and off-ramps for cryptocurrencies for its clients in the United States — a noteworthy step for the country, particularly as many crypto firms struggle…
Celsius and Core Scientific propose $45M settlement for litigation
Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific… Source: https://cointelegraph.com/public/index.php/news/celsius-settles-litigation-core-scientific
SEC reverses decision on sealing, redacting some documents in Binance.US case
Observers should soon get a look at least some of the sealed documents in the United States Securities and Exchange Commission’s (SEC) case against Binance. The documents were sealed at the SEC’s request with the agreement of both sides, and are being unsealed at the request of the SEC itself. District of Columbia District Court Magistrate Judge Zia Faruqui issued…
Google Gemini Poised to Take On AI Titans OpenAI and Microsoft
Google is gearing up to release its much-anticipated conversational AI system Gemini, setting the stage for an all-out AI battle royale with OpenAI’s ChatGPT. According to a report by The Information, Google has opened up testing of Gemini to select companies, indicating its consumer launch could be imminent. Gemini is a multimodal LLM, which means that it can natively receive…
Celsius and Core Scientific propose $45M settlement for litigation
Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific… Source: https://cointelegraph.com/app/public/index.php/news/celsius-settles-litigation-core-scientific
London Design Museum Lets Visitors Test Iconic Runway Looks via AR
Opening Saturday in London, a blockbuster fashion exhibition at The Design Museum is transporting visitors backstage at London Fashion Week via augmented reality (AR) in an experience powered by Snapchat maker Snap. Sponsored by fashion house Alexander McQueen, “Rebel: 30 Years of London Fashion” celebrates London’s fashion talent of the last three decades. Looks on show at the multimedia exhibition…