The new plan will see 80% of funds returned to creditors TL:DR Genesis has filed for bankruptcy in the US, owing creditors $3.4 billion. A new restructuring plan is in...Read More
TL;DR: Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC) NFTs, has reached a settlement in a federal court with Thomas Lehman, one of the participants in...Read More
FTX Bankruptcy Hearing: Is an Independent Examiner Needed? TL:DR: FTX is facing a bankruptcy proceeding in court, with the next hearing scheduled for Wednesday The company is accused of commingling...Read More
Yet another crypto company bites the dust, and FTX is partly to blame. Genesis’ sinking ship Genesis, a crypto lender and wholly owned subsidiary of Digital Currency Group...Read More
TL:DR •Following the FTX exchange collapse, Telegram is planning to build decentralized crypto wallets and exchanges. • This will let millions of users safely trade their crypto without having to...Read More
•LBRY Inc. will likely be dead in the near future, but the company’s mission will continue on, according to a Twitter update. • The U.S. Securities and Exchange Commission (SEC)...Read More
•FTX filed for bankruptcy after Binance backed off from a potential acquisition deal. • A day later, reports started coming up that some of the SBF-founded exchange’s wallets were being...Read More
•The Decentraland DAO is considering pausing its grants program in order to reassess its structure. • The proposal cites concerns over the diversity of the DAO’s treasury holdings and a...Read More
Not decided if joining with Metaverse Standards Forum Open Metaverse The Open Metaverse Alliance has officially launched today with the aim of establishing standards between metaverse platforms. The group is...Read More
The Film production company is bringing the “Lord of the Rings” film franchise to the Metaverse with the launch of a non-fungible token (NFT) collection tied to the original “Lord...Read More
