New York Attorney General Letitia James has finalized a settlement worth $2 billion with the bankrupt cryptocurrency firms Genesis Global Capital, LLC, Genesis Asia Pacific PTE, LTD., and Genesis Global Holdco, LLC (collectively known as Genesis). This settlement aims to maximize recoveries for investors who experienced financial losses. It includes...

OKX Ventures, the investment division of the crypto exchange and Web3 technology company OKX, has announced its investment in Bitlayer. Bitlayer is recognized as the first Bitcoin security-equivalent Layer 2 solution based on BitVM.Introducing Solutions for Bitcoin's Network EfficiencyBitlayer's primary goal is to enhance the transaction capacity...

On its sixth anniversary and surpassing the milestone of 10 million customers, the cryptocurrency exchange BingX presented its strategic development strategy titled "ExpansionX," under which it plans to implement a range of new products and expand its operations to additional countries.BingX Introduces New Products for Spot and Derivatives TradingAs...

Genesis Global, a bankrupt crypto lender, has received court approval to distribute $3 billion in cash and cryptocurrencies to its creditors. However, the decision excludes its parent Digital Currency Group (DCG) from receiving any recovery from the bankruptcy.The court’s ruling on Friday cleared the company to unfreeze and return customers’ assets...

To bolster its institutional trading offerings, popular crypto exchange OKX has announced a collaboration with Hidden Road Partners, a credit network for institutions. The partnership aims to provide Hidden Road's clients with access to OKX's deep liquidity and faster execution of complex trading strategies.OKX, Hidden Road Partner to Enhance Institutional...

A Nigerian court's ruling today (Friday) has paved the way for Binance executive Tigran Gambaryan to stand trial on behalf of the cryptocurrency exchange in an ongoing tax evasion case. Alongside Gambaryan, a US citizen and Head of Financial Crimes Compliance, British-Kenyan national Nadeem Anjarwalla, a Regional Manager for Africa, also faces four...