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 Genesis seeks courts approval to reduce 3AC claim from 1B to 33M

Genesis seeks courts approval to reduce 3AC claim from 1B to 33M


Published: 2023-11-10


Analysis:

1. Genesis Court decision on 3AC claim – $33 million cut This topic explores the recent court decision regarding the 3AC claim in the Genesis case,where a significant amount of money has been cut. The article dives into the details of the court proceedings and uncovers the reasons behind the reduction in the amount. It highlights the implications of this decision for both the claimants and defendants involved.

2. Legal implications of the Genesis Court decision This topic focuses on the broader legal implications of the Genesis Court decision. It discusses how the ruling sets a precedent for future cases and may influence the outcome of similar disputes in the blockchain and crypto space. The article delves into the potential impact on the legal landscape and how it may shape the way disputes and claims are handled in the future.

3. Impact on the crypto industry The third topic addresses the impact of the Genesis Court decision on the crypto industry. It explores how such high-profile legal cases can influence public perception,investor confidence,and the overall market sentiment. The article examines the reactions from industry experts and provides insights into how this decision may shape future regulations and practices within the cryptocurrency sector.

1. Genesis Court decision on 3AC claim – $33 million cut: The court has made a significant decision regarding the 3AC claim in the Genesis case,resulting in a reduction of the claimed amount by $33 million. The ruling provides insights into the specific reasons behind the cut and sheds light on the arguments presented by both the claimants and defendants. This decision has far-reaching implications for all parties involved,as it significantly alters the financial outcome of the case.

2. Legal implications of the Genesis Court decision: The Genesis Court decision has important legal implications as it sets a precedent for future cases and may impact how disputes in the blockchain and crypto industry are resolved. The ruling could potentially influence the way similar claims are evaluated and the requirements for providing evidence. Legal experts and industry professionals will closely examine this decision to understand its wider significance and how it may shape the legal landscape moving forward.

3. Impact on the crypto industry: The Genesis Court decision has implications beyond the immediate case,potentially impacting the larger crypto industry. High-profile legal cases can sway public opinion and investor sentiment,leading to potential repercussions in the market. This ruling may prompt regulators and policymakers to revisit the existing frameworks and regulations surrounding cryptocurrencies. Additionally,industry players may adopt more cautious approaches,taking into account the legal risks and implications of their actions.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,052.90 2,083,698,598.20
2 BTC title=BTC 61,666.18 1,174,712,046.30
3 ETH title=ETH 2,928.09 619,846,367.56
4 SOL title=SOL 141.51 360,448,451.10
5 PEPE title=PEPE <0.01 236,417,882.65
6 DOGE title=DOGE 0.14 143,999,854.71
7 RUNE title=RUNE 6.03 123,277,833.96
8 WIF title=WIF 2.82 109,403,739.61
9 XRP title=XRP 0.50 104,900,776.91
10 BOME title=BOME 0.01 97,505,136.23
11 WLD title=WLD 5.76 95,945,159.45
12 RNDR title=RNDR 10.74 88,944,942.15
13 ENA title=ENA 0.81 62,496,740.21
14 NEAR title=NEAR 6.84 58,593,859.74
15 JTO title=JTO 3.83 52,574,430.51
16 AR title=AR 38.41 43,466,084.01
17 UMA title=UMA 4.20 41,746,339.46
18 PORTAL title=PORTAL 0.78 39,530,812.01
19 AVAX title=AVAX 32.96 37,499,546.58
20 FTM title=FTM 0.68 36,215,812.88
21 ETHFI title=ETHFI 3.68 32,751,541.97
22 TNSR title=TNSR 0.86 29,763,908.02
23 ARKM title=ARKM 2.48 28,462,966.04
24 BONK title=BONK <0.01 28,112,289.25
25 ADA title=ADA 0.44 26,547,294.30
26 FLOKI title=FLOKI <0.01 25,948,393.01
27 ORDI title=ORDI 35.42 25,808,869.34

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Powerledger title=POWR 0.34 +13.53
2 UMA title=UMA 4.20 +9.48
3 Numeraire title=NMR 27.24 +6.03
4 Lisk title=LSK 1.96 +5.05
5 AS Roma Fan Token title=ASR 3.73 +4.77
6 THORChain title=RUNE 6.03 +4.09
7 Keep3rV1 title=KP3R 71.46 +3.60
8 Manchester City Fan Token title=CITY 3.38 +3.02
9 SafePal title=SFP 0.82 +2.76
10 Ether.fi title=ETHFI 3.68 +2.39
11 Sushi title=SUSHI 1.06 +2.33
12 Compound title=COMP 55.01 +2.31
13 DataBot title=DATA 0.05 +1.75
14 FC Barcelona Fan Token title=BAR 2.49 +1.59
15 Celestia title=TIA 9.17 +1.55
16 Bitcoin title=BTC 61,666.18 +1.43
17 Wrapped Bitcoin title=WBTC 61,580.16 +1.34
18 FUNToken title=FUN <0.01 +0.74
19 Cardano title=ADA 0.44 +0.66
20 Ethereum title=ETH 2,928.09 +0.66
21 Wrapped Beacon ETH title=WBETH 3,037.56 +0.63
22 ICON title=ICX 0.22 +0.61
23 Bitcoin Cash title=BCH 433.40 +0.51
24 BENQI title=QI 0.02 +0.38
25 Chainlink title=LINK 13.39 +0.31
26 Nano title=XNO 1.11 +0.27
27 Dogecoin title=DOGE 0.14 +0.25
28 Pepe title=PEPE <0.01 +0.12
29 Lido DAO title=LDO 1.77 +0.11
30 Internet Computer title=ICP 11.76 +0.09

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 SuperRare title=RARE 0.13 -17.61
2 Bounce title=AUCTION 15.46 -11.05
3 LTO Network title=LTO 0.17 -10.63
4 Hive title=HIVE 0.31 -9.87
5 Aergo title=AERGO 0.13 -9.45
6 ForTube title=FOR 0.02 -8.72
7 Aevo title=AEVO 1.14 -8.21
8 Tensor title=TNSR 0.86 -8.14
9 Verge title=XVG <0.01 -7.79
10 LeverFi title=LEVER <0.01 -7.65
11 Jito title=JTO 3.83 -7.56
12 Immutable title=IMX 2.09 -7.53
13 Pendle title=PENDLE 4.01 -7.00
14 Arweave title=AR 38.41 -6.96
15 Hifi Finance title=HIFI 0.74 -6.95
16 Portal title=PORTAL 0.78 -6.92
17 Ellipsis X title=EPX <0.01 -6.78
18 Saga title=SAGA 2.59 -6.65
19 SelfKey title=KEY <0.01 -6.60
20 Polkastarter title=POLS 0.68 -6.56
21 Renzo title=REZ 0.12 -6.52
22 Ethernity Chain title=ERN 4.50 -6.25
23 Yield Guild Games title=YGG 0.75 -6.23
24 ARK title=ARK 0.76 -6.07
25 Pyth Network title=PYTH 0.43 -5.88
26 Request title=REQ 0.12 -5.85
27 NFPrompt title=NFP 0.46 -5.83
28 Celer Network title=CELR 0.03 -5.72
29 Phala title=PHA 0.18 -5.67
30 BOOK OF MEME title=BOME 0.01 -5.59

Bitcoin's Greed and Fear Index.

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57
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at news day date time
1 FOMC Member Jefferson Speaks Monday 13-05-2024 14:00
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4 NFIB Small Business Index Tuesday 14-05-2024 11:00
5 Core PPI m/m Tuesday 14-05-2024 13:30
6 PPI m/m Tuesday 14-05-2024 13:30
7 FOMC Member Cook Speaks Tuesday 14-05-2024 14:10
8 Fed Chair Powell Speaks Tuesday 14-05-2024 15:00
9 Core CPI m/m Wednesday 15-05-2024 13:30
10 Core Retail Sales m/m Wednesday 15-05-2024 13:30
11 CPI m/m Wednesday 15-05-2024 13:30
12 CPI y/y Wednesday 15-05-2024 13:30
13 Empire State Manufacturing Index Wednesday 15-05-2024 13:30
14 Retail Sales m/m Wednesday 15-05-2024 13:30
15 Business Inventories m/m Wednesday 15-05-2024 15:00
16 NAHB Housing Market Index Wednesday 15-05-2024 15:00
17 Crude Oil Inventories Wednesday 15-05-2024 15:30
18 FOMC Member Bowman Speaks Wednesday 15-05-2024 20:20
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20 Unemployment Claims Thursday 16-05-2024 13:30
21 Building Permits Thursday 16-05-2024 13:30
22 Philly Fed Manufacturing Index Thursday 16-05-2024 13:30
23 Housing Starts Thursday 16-05-2024 13:30
24 Import Prices m/m Thursday 16-05-2024 13:30
25 Industrial Production m/m Thursday 16-05-2024 14:15
26 Capacity Utilization Rate Thursday 16-05-2024 14:15
27 FOMC Member Barr Speaks Thursday 16-05-2024 15:00
28 Natural Gas Storage Thursday 16-05-2024 15:30
29 FOMC Member Mester Speaks Thursday 16-05-2024 17:00
30 FOMC Member Bostic Speaks Thursday 16-05-2024 20:50
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