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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) 07-09-2023

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 Lees verder op Tech Meme

Riot reports earning $31.7M in energy credits from Texas power grid operator ERCOT to curtail its usage in August, dwarfing the ~$8.9M worth of bitcoin mined (CNBC) 07-09-2023

CNBC: Riot reports earning $31.7M in energy credits from Texas power grid operator ERCOT to curtail its usage in August, dwarfing the ~$8.9M worth of bitcoin mined  —  – Bitcoin miner Riot Platforms raked in $31.7 million in energy credits from Texas power grid operator ERCOT in August. Lees verder op Tech Meme

A profile of Circle, after secondary market shares of the USDC developer traded at a ~$4.8B valuation in August 2023; Circle was valued at $8B in April 2022 (Leo Schwartz/Fortune) 07-09-2023

Leo Schwartz / Fortune: A profile of Circle, after secondary market shares of the USDC developer traded at a ~$4.8B valuation in August 2023; Circle was valued at $8B in April 2022  —  On a fateful evening in March, Jeremy Allaire sat in a Dubai hotel room as a catastrophe unfolded. Lees verder op Tech Meme

SK Hynix opens an investigation into the Huawei Mate 60 Pro using its LPDDR5 and NAND flash memory, some of the few materials in 60 Pro sourced outside China (Bloomberg) 07-09-2023

Bloomberg: SK Hynix opens an investigation into the Huawei Mate 60 Pro using its LPDDR5 and NAND flash memory, some of the few materials in 60 Pro sourced outside China  —  – Korean maker says it hasn’t worked with Huawei since sanctions  — Mate 60 Pro handset uses Hynix memory and flash storage chips Lees verder op Tech Meme