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Genesis agrees to a $33 million settlement with Three Arrows Capital, significantly less than the original $1 billion claim, amid ongoing crypto turmoil. Bankrupt crypto lender Genesis has consented to a settlement with the now-defunct crypto hedge fund Three Arrows Capital (3AC), culminating in a $33 million payment against a staggering $1 billion claim . This development, revealed through court documents, underscores the volatility and the inherent risks in the crypto market. The settlement, a product of “extensive negotiations,” is still pending approval from a New York bankruptcy court. The downfall of 3AC in June 2022 heralded a prolonged period of instability in the crypto sector, aptly termed a crypto winter. The claims against Genesis, which succumbed to bankruptcy in January, pertain to transactions preceding its financial collapse. You might also like: Genesis ordered to comply with subpoena in TerraUSD collapse case Notably, the agreement entails a...

The ‘World App’ for iOS and Android has now been downloaded 4 million times, according to data collected by its development team, Tools for Humanity. Iris-scanning project Worldcoin has reached a new milestone, as its mobile World App has now been downloaded over 4 million times, according to a November 1 blog post from the project’s team. If this number is eventually confirmed by Coingecko, it could place World App in sixth place in Coingecko’s list of most downloaded software wallets. The Worldcoin development team, called “Tools for Humanity,” also claimed that it now has over 1 million monthly users, double the number it had six months ago. World App now has more than 1 million monthly active users, 4 million downloads and 22 million transactions. Not bad for six months pic.twitter.com/pagXxTfc8E — Tools For Humanity (@tfh_technology) November 1, 2023 Worldcoin is a project that allows users to prove their humanness by having their irises scanned. Once the user has their i...

On July 12, Forbes’ Michael del Castillo revealed that Calvin Ayre had 260 staff members working at nChain, a pro-Craig Wright and pro-Bitcoin Satoshi’s Vision (BSV) patent company. Well, plot twist: its CEO just quit. Ex- nChain Group CEO Christen Ager-Hanssen now believes Wright is Faketoshi — a liar who tampered with evidence and witnesses to deceive the public regarding his claim to be Satoshi Nakamoto. Shortly after resigning, he began leaking a series of screenshots and documents, including the claim that Calvin Ayre had an agreement to earn up to 50% of Satoshi Nakamoto’s bitcoin that Craig Wright professes to own. Ager-Hanssen alerted nChain’s board of directors about an attempt, as he sees it, by a major shareholder to defraud other stakeholders. He also expressed concerns about a party he described as the “ultimate beneficiary shareholder” and the DW Discovery fund, which is registered in the Cayman Islands. Ager-Hanssen alleges that Wright manipulated documen...

Join Our Telegram channel to stay up to date on breaking news coverage Non-fungible token marketplace OpenSea has successfully re claim ed its market dominance just a few days after launching a new NFT market aggregator tool, OpenSea Pro. The popular NFT market platform lost its market dominance to the Blur NFT market platform earlier this year. Based on a short market Analysis , the number of new and daily users on the OpenSea marketplace has significantly surged in the past few days. These figures began soaring last week, just a few hours after OpenSea launched its highly anticipated NFT feature, OpenSea Pro. OpenSea Launches New NFT Feature ‘OpenSea Pro’ On Friday, the leading NFT marketplace launched its OpenSea Pro as part of its strategic plan to regain its market title as the world’s most traded NFT marketplace, which it had lost to Blur NFT marketplace in February 2023. The new feature allows users to browse listings from more than 170 marketplaces, ...