Friday, January 12, 2024

Genesis agrees to a settlement with the NYDFS, under the terms of which it will surrender its BitLicense, cease operations in New York, and pay an $8M fine (Leo Schwartz/Fortune)

Leo Schwartz / Fortune:
Genesis agrees to a settlement with the NYDFS, under the terms of which it will surrender its BitLicense, cease operations in New York, and pay an $8M fine  —  The New York Department of Financial Services plans to announce later today a settlement with Genesis Global Trading …



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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...