Bankrupt crypto lender <-bsp-bb-link state="{"bbHref":"bbg://securities/2221345D%20US%20Equity","_id":"0000018f-88ee-de3b-adcf-daef3fa10000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Genesis Global Capital won court approval of its plan to distribute billions of dollars in digital assets and cash to creditors, defeating a legal <-bsp-bb-link state="{"bbDocId":"S9C257T1UM0W","_id":"0000018f-88ee-de3b-adcf-daef3fa10001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">challenge brought by its corporate parent <-bsp-bb-link state="{"bbHref":"bbg://securities/1204404D%20US%20Equity","_id":"0000018f-88ee-de3b-adcf-daef3fa10002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Digital Currency Group.

Investment companies hoping to launch the first exchange-traded funds based on the Ether cryptocurrency are bracing for disappointment since the Securities and Exchange Commission has yet to signal it’s prepared to green light the products.

Tim Spangler has joined McDermott Will & Emery as a partner in its transactions practice group in the firm’s Silicon Valley and Orange County, California offices, the firm said Friday.

Kraken is “actively reviewing” plans that may include removing support for the world’s most-traded cryptocurrency on its exchange in the European Union, under a new regime for digital assets that’s set to take effect in the bloc in July.

Nigeria’s Federal High Court has dismissed the bail application of Binance Holdings Ltd. executive <-bsp-person state="{"_id":"0000018f-8646-de3b-adcf-dee7d6c90000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Tigran Gambaryan, the Nation reported.

The cryptocurrency industry’s growing presence in Washington shows signs of maturing after a tumultuous start as a network of associations and company lobbyists, plus a recent super PAC, make it look more like a traditional Washington influence operation, one that is working to rebound after the downfall of political donor-turned-fraudster Samuel Bankman-Fried, a founder of FTX who was sentenced to 25 years in prison.

The winds that roared out of a supercell thunderstorm Thursday night leaving a <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SDMVIOT0G1KW","_id":"0000018f-8871-de3b-adcf-daf3e0510000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">deadly trail across Houston are on the rise in a warming climate, though researchers are still teasing out the exact relationship between a rapidly heating planet and relatively small-scale weather patterns.

A FirstEnergy Corp. shareholder derivative suit over the power company’s bribery scandal must be dismissed because the Sixth Circuit has approved a settlement in a parallel suit in a different district, a federal judge in Ohio said Friday.

Citigroup Inc. was accused in a lawsuit of racial discrimination for its policy of waiving ATM fees for customers of minority-owned banks.

China-based <-bsp-bb-link state="{"bbHref":"bbg://securities/1774397D%20CH%20Equity","_id":"0000018f-885c-de3b-adcf-daffba880000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">ByteDance Ltd. asked an appeals court to speed up its lawsuit challenging a US law that would force it to sell the TikTok video-sharing app or face a ban.

<-bsp-bb-link state="{"bbHref":"bbg://securities/1554630D%20US%20Equity","_id":"0000018f-87f2-de3b-adcf-dff387970000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">OpenAI has effectively dissolved a team focused on ensuring the safety of possible future ultra-capable artificial intelligence systems, following the departure of the group’s two leaders, including OpenAI co-founder and chief scientist, Ilya Sutskever.

<-bsp-bb-link state="{"bbHref":"bbg://securities/DBK%20GR%20Equity/ESG","_id":"0000018f-87f2-de3b-adcf-dff387990002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Deutsche Bank AG has entered a capital-relief deal with <-bsp-bb-link state="{"bbHref":"bbg://news/topics/EIB","_id":"0000018f-87f2-de3b-adcf-dff387990003","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">the European Investment Bankthat allows the German lender to grant discounts on more than €600 million ($652 million) of green mortgages in its home market.

Mitsui Sumitomo Insurance USA will still have a duty to defend policyholder Thermoflex Waukegan LLC in a biometric privacy class action, but not until after another primary insurance policy’s options have been exhausted, a federal appeals panel said, upholding a lower court’s ruling.

Colorado Gov. Jared Polis signed legislation Friday that will give the state the most far-reaching regulations on artificial intelligence in the nation.

WebTPA Employment Services LLC is facing seven proposed class actions alleging it failed to protect people’s personal information that was exposed during an April 2023 data breach.

China-based <-bsp-bb-link state="{"bbHref":"bbg://securities/1774397D%20CH%20Equity","_id":"0000018f-885c-de3b-adcf-daffba880000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">ByteDance Ltd. asked an appeals court to speed up its lawsuit challenging a US law that would force it to sell the TikTok video-sharing app or face a ban.

A new artificial intelligence task force will lead research and development on the use of generative AI in California courts, the state Supreme Court Chief Justice Patricia Guerrero announced in a Judicial Council meeting on Friday.

St. Louis-based Ascension Health is facing five proposed class actions over a May 9 data breach and ransomware attack that exposed patients’ personal information and disrupted clinical and other operations.

Mitsui Sumitomo Insurance USA will still have a duty to defend policyholder Thermoflex Waukegan LLC in a biometric privacy class action, but not until after another primary insurance policy’s options have been exhausted, a federal appeals panel said, upholding a lower court’s ruling.

A man suing an interstate compact agency didn’t allege facts sufficient to survive the agency’s bid to dismiss his suit, a federal appeals court said.

A Colorado water conservancy district improperly raised water rates without voter approval, violating the state constitution, taxpayers told the state’s high court in its request to uphold a lower court’s decision.

A state regulation that taxes customers on the undiscounted price of cell phones bundled with service contracts should remain in place, California’s tax agency told the high court.

Maryland is betting the US Constitution’s anti-commandeering clause will remove any impediments to states imposing digital advertising taxes, the same way New Jersey succeeded in removing a federal prohibition on state-sanctioned sports betting.

T-Mobile US Inc. will face antitrust claims over its $26 billion acquisition of Sprint Corp. after an appeals court denied its bid to appeal a lower court ruling.