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Crypto Is Flat Before Fed Chair Speech
The Crypto Trader author Glen Goodman discusses his outlook on the crypto markets as the U.S. Federal Reserve is aiming to curb inflation through interest rate hikes. "We could see this [current] rally...continue for quite a while before it actually ends in a possible disaster," he said.
Attorney Dissects Legal Considerations of NFTs and Trademarks
Bored Ape Yacht Club's parent company Yuga Labs has reached a settlement deal with Thomas Lehman, who built websites and a smart contract for copycat project RR/BAYC NFTs. Leichtman Law PLLC Managing Partner David Leichtman discusses the legal implications of NFTs generated by artificial intelligence, along with trademark rules for creators.
DCG Will Have a Headache For Many Years To Come: Lumida CEO
Digital Currency Group (DCG) intends to sell its subsidiary Genesis' crypto trading business as well as its lending arm, which is restructuring through bankruptcy, a Genesis attorney said Monday as the company revealed a pact with creditors. Lumida CEO and co-founder Ram Ahluwalia shares his analysis. DCG is also the parent company of CoinDesk.
DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy
Earlier Monday, CoinDesk reported that DCG and Genesis had reached an agreement with a key group of creditors. Lumida CEO and co-founder Ram Ahluwalia discusses the potential outcomes for Digital Currency Group amid crypto winter. Genesis and CoinDesk are both owned by DCG.
DCG Is Selling Holdings in Several Grayscale Trusts: Financial Times
Digital Currency Group (DCG) started selling holdings in several investment vehicles run by its subsidiary and digital assets manager Grayscale at a steep discount, according to a Financial Times report citing U.S. securities filings. This report comes after DCG and Genesis had reached an initial agreement with a key group of creditors. Lumida CEO and co-founder Ram Ahluwalia weighs in. Grayscale, Genesis and CoinDesk are all owned by Digital Currency Group (DCG).
Bankrupt Crypto Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors
Crypto conglomerate Digital Currency Group (DCG) and its bankrupt Genesis subsidiaries reached an in-principle agreement on terms of a restructuring plan with a group of the firm’s main creditors. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the terms of the proposed deal. DCG is the parent company of CoinDesk and Genesis.
Shanghai Staking Surge
Host Joel Flynn takes a deep dive into whether Ethereum's upcoming "Shanghai" upgrade will be a boost for liquid staking. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Bitcoin Holding Steady Near $23K
The Crypto Trader author Glen Goodman discusses his outlook for bitcoin (BTC) as the largest cryptocurrency by market capitalization holds firm at around $23,000 following a strong January U.S. jobs report. Plus, reaction to the Bank of England starting further research and development work on a digital pound for purchasing goods and services – something that’s likely to be needed in the future, the regulator said Monday.
Yuga Labs Reaches Settlement With Ryder Ripps Collaborator in Bored Ape NFTs Trademark Lawsuit
Yuga Labs, the parent company of the Bored Ape Yacht Club NFT project, has reached a settlement with Thomas Lehman, who built websites and smart contracts for Ryder Ripp's copycat project "RR/BAYC." Leichtman Law PLLC Managing Partner David Leichtman discusses the details of the settlement, sharing insights into the trademark and copyright considerations for digital collectibles. Plus, his take on the Hermès vs. MetaBirkin trial.
Binance to Pause US Dollar Bank Transfers This Week; Genesis, DCG Reach Initial Agreement With Main Creditors: Source
Crypto exchange Binance is temporarily suspending U.S. dollar bank transfers starting on Wednesday. Binance's U.S. division, Binance.US, is not affected by the suspension, according to a tweet from Binance.US Customer Support. Separately, crypto conglomerate Digital Currency Group (DCG) and its bankrupt Genesis subsidiaries reached an in-principle agreement on terms of a restructuring plan with a group of the firm’s main creditors, according to a CoinDesk source. DCG is also the parent company of CoinDesk.