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Here’s what happened in crypto today

Published 11/28/2023, 02:01 PM
Updated 11/29/2023, 01:20 AM

Bankrupt crypto lender Genesis and Digital Currency Group have formed a deal that could put an end to Genesis' lawsuit against DCG for over $620 million in repayments. Meanwhile, former Binance CEO Changpeng “CZ“ Zhao has officially resigned as chairman of the board of the United States-based Binance.US and Bitcoin (BTC) celebrated the 11th anniversary of its first-ever halving.

Genesis strikes repayment deal with DCG and end $620M lawsuit

Bankrupt crypto lender Genesis and its parent company, Digital Currency Group (DCG), has struck a deal that could end an ongoing lawsuit over $620 million in repayments owed by DCG.

Highlighted excerpt of the agreement between Genesis (GGC) and DCG. Source: Kroll

CZ steps down as Binance.US chair

11th anniversary of Bitcoin’s first halving: From $12 to $37,000

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