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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China's smartphone shipments fell 4.3% YoY to 66M units in Q2, the fifth consecutive quarter of decline, amid a memory shortage; Huawei and Apple grew shipments (Kiranjeet Kaur/IDC)

Kiranjeet Kaur / IDC : China's smartphone shipments fell 4.3% YoY to 66M units in Q2, the fifth consecutive quarter of decline, amid ...