Thursday, September 7, 2023

Bankrupt cryptocurrency lender Genesis sues its parent DCG, seeking to recover ~$620M in cash and bitcoin in outstanding loans despite ongoing settlement talks (Jonathan Randles/Bloomberg)

Jonathan Randles / Bloomberg:
Bankrupt cryptocurrency lender Genesis sues its parent DCG, seeking to recover ~$620M in cash and bitcoin in outstanding loans despite ongoing settlement talks  —  - Suits seek to recover about $620 million in cash and Bitcoin  — DCG said it's documenting a standstill agreement with Genesis



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...