By Emir Abyazov Cryptocurrency lender Genesis has initiated two lawsuits against its own parent company, Digital Currency Group (DCG), and its CEO, Barry Silbert. The lawsuits allege fraud, reckless management, and the withdrawal of more than a billion dollars from an already bankrupt unit. On May 19, the Delaware Court of Chancery lifted the seal […]
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By Emir Abyazov Credit agency Moody’s has downgraded the credit rating of the U.S. government from AAA to AA1. The reason is the growing national debt and the lack of concrete plans to cut government spending. According to a statement on May 16, U.S. lawmakers have failed for years to tackle annual budget deficits and […]
By Marco Piccolo Arthur Hayes, CIO of crypto investment firm Maelstrom and co-founder of BitMEX, has made a bold prediction: Bitcoin will reach a price of $1 million by 2028. Hayes argues that deteriorating confidence in US Treasury securities and broader geopolitical instability will propel Bitcoin to unprecedented heights. Trade Crypto on Kraken Why Arthur […]