Earn Update: We previously provided an update regarding Gemini’s commencement of an Adversary Proceeding against Genesis seeking to recover $1.6 billion in value for the benefit of Earn Users. Gemini asked the Bankruptcy Court to confirm that Gemini’s foreclosure on the Initial Collateral (30,905,782 shares of GBTC) was proper and to recognize the Earn Users’ rights to the Additional Collateral (31,180,804 shares of GBTC) that would make Earn Users whole.
Today, Genesis answered our complaint in the Adversary Proceeding and, as expected, asserted several baseless and inflammatory counterclaims. This behavior is unfortunately par for the course for Genesis and we look forward to continuing to pursue the Adversary Proceeding against Genesis to recover assets for Earn Users as expeditiously as possible.
Read our full update at https://t.co/89HTYDRuHR
After news broke that Sports Illustrated has been publishing AI-generated articles passed off as the work of writers who did not exist, the magazine’s staff gathered for a virtual all-hands meeting. Staffers were furious, according to people who attended. https://t.co/awGNt11X6e
2/5 MVB has expanded to include two tracks:
🔸Founder Track: Venture studio focused on incubating founders and refining ideas that solve challenges on BNB Chain
🔸Startup Track: To support early-stage projects building on BNB Chain on their path to reaching product-market fit
So you are saying you will have written a smart contract on a ZK L2 which will check for a construction permit being issued , which in turn will create and send me an NFT that unlocks and delivers 250k in USDC when the oracle checks property and utility records and determines that house has been completed ?
The smart contract will continuously check for construction permits and create a new NFT for each incremental unit to be built ? Correct ?
We will use a multi sig wallet so that we both are protected.
Deal ?