Day: February 10, 2023

Genesis Unveils Proposed Sale Plan With DCG, Bankruptcy Creditors

Anthony B

“‘Equitization’ means, if the Sale Process does not result in the sale of all or substantially all of the assets of Genesis, a restructuring under the Amended Plan pursuant to which the GGC Creditors will receive, among other things, one hundred percent (100%) of the equity in reorganized GGH, subject to dilution by a management incentive program that may be implemented with the approval of the Bankruptcy Court, upon notice and hearing,” the filing said. Author: Nikhilesh De Source link

More Than $2 Billion in USDC Redemptions in 30 Days – Altcoins Bitcoin News

Jamie Redman

It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease of approximately 4.9% in the same time frame. From Jan. 6, 2023, to Feb. 10, approximately $2.196 billion worth of usd coin was redeemed over the past month. Monitoring the Stablecoin Economy’s Recent Moves Amid 2023’s Regulatory Crackdown According to current statistics,…

China to launch national blockchain research center

David Attlee

Despite its ongoing crackdown on crypto, China continues to embrace blockchain technology — up to the point of launching the National Blockchain Technology Innovation Center in the capital city of Beijing.  According to the China Daily’s report from Feb. 8, the center will create a research network with local universities, think tanks and blockchain businesses to explore core blockchain technologies. The fruits of this research will be used to further the digitalization of China and expand its blockchain industry. In charge of the new institution is the Beijing Academy of…