The U.S. will ban new downloads of TikTok and WeChat, two Chinese-owned apps that have become the subject of national security concerns, starting September 20. App stores, including those maintained by Apple and Google, will be barred from distributing both apps in the U.S., and financial transactions between businesses in WeChat will be prohibited in the country, according to a statement from...
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Genesis Creditors Could Miss Out on Recent Crypto Rally
Crypto prices have risen since parts of crypto lender Genesis filed for chapter 11 bankruptcy last month, lifting the value of customers’ crypto assets stuck in Genesis accounts. That’s not necessarily good news for Genesis’ creditors, however. Creditors are worried that any repayments they get from the bankruptcy will be made in dollars, not the original cryptocurrencies,...
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