• Crypto lending firm Genesis has filed a lawsuit against popular Bitcoin Cash (BCH) advocate Roger Ver for defaulting on crypto options transactions worth over $20.8 million.
• GGC International, the offshoot of Genesis, has given Ver 20 days to respond to the complaints filed against him, or else a default judgment will be meted out.
• If Ver fails to respond, he will be liable for any costs that GGC incurs throughout the court proceedings.

Crypto lending firm Genesis has recently taken legal action against popular Bitcoin Cash (BCH) advocate Roger Ver, suing him for defaulting on crypto options transactions worth over $20.8 million. The offshoot of Genesis, GGC International, has now given Ver 20 days to respond to the complaints filed against him, or else a default judgment will be meted out.

The court filing, which was made available at the New York State Supreme Court on January 23rd, states that Ver was due to make payment by December 30th but failed to do so. GGC has now given Ver 20 days to respond to the complaints filed against him, and if he fails to do so, he will be liable for any costs that GGC incurs throughout the court proceedings.

If Ver fails to respond, GGC will be able to file for a default judgment against him. This means that Ver will be held liable for all costs incurred by GGC and will be unable to contest the complaint. This could have significant repercussions for Ver’s reputation within the crypto space, as it could lead to other potential investors being wary of entering into any deals with him.

It is not yet known how this case will turn out, but it is clear that GGC is serious about making Ver pay for his default. It remains to be seen whether Ver will be able to come to a settlement with GGC or if the case will be taken to court. Either way, this case could have a significant impact on Ver’s standing in the crypto community.

• Activision Blizzard announced that NetEase rejected their proposal to extend their partnership.
• Blizzard China disclosed that they will discontinue their game services in a few days due to the impasse.
• Activision Blizzard is looking for a new Chinese partner to continue offering their hit game, World of Warcraft, to Chinese users.

Activision Blizzard, a US based video game holding company, recently disclosed that Chinese publisher NetEase had rejected their proposal to extend their long-standing partnership. In a statement on the microblogging site Weibo, Blizzard China said that they were “sorry” that NetEase was not willing to extend the services of their game for another six months on the basis of existing terms as they look for a new partner.

The decision to end the partnership with NetEase will have an effect on the gaming industry and the end users, as Blizzard China announced they will discontinue their game services in a few days due to the impasse. The discontinued services will include their popular World of Warcraft game, leaving millions of gamers in China without access to the game.

In an effort to keep their game services alive in the region, Activision Blizzard has already started talks with potential partners for a new Chinese collaboration. The Santa Monica based company is looking for a new partner to continue offering their hit World of Warcraft game to Chinese end users.

The company has not yet revealed any details about the new Chinese partner and the terms of the agreement. However, it is likely that the new partner will be a global tech giant, as Activision Blizzard is looking for a “strategic” partnership to ensure the success of their games in the Chinese market.

Activision Blizzard has a long history of successful collaborations in the Chinese market and it is no surprise that they are looking for a new partner to continue offering their hit games to Chinese users. The gaming industry is constantly evolving, and it is important for companies to stay ahead of the curve in order to remain competitive. With their latest partnership with a new Chinese partner, Activision Blizzard is sure to remain at the forefront of the gaming industry.

• Bank of England Governor Andrew Bailey has shared his thoughts on the idea of a country’s central bank digital currency, the digital pound.
• Bailey believes that there might be no need for a wholesale CBDC as England already enjoys a “wholesale central bank money settlement system with a major upgrade.”
• Bailey also stated that England is not trying to abolish the retail use of cash, suggesting that changing retail payments now would be a misplacement of priorities.

The Bank of England is reconsidering its plans to implement a digital pound, as other nations are making major progress in the field of central bank digital currencies (CBDCs). Governor Andrew Bailey recently shared his thoughts on the digital pound, expressing his belief that a wholesale CBDC might not be necessary.

Bailey noted that the country already enjoys a “wholesale central bank money settlement system with a major upgrade.” He also stated that England should not be trying to abolish the retail use of cash, as doing so would be a misplacement of priorities. Several nations trying to adopt CBDCs have maintained that digital currencies should only complement cash rather than outrightly replace it.

The Bank of England is not the only central bank that is exploring the possibility of launching a digital currency. The European Central Bank (ECB) and the Bank of Japan (BOJ) are also looking into issuing their own digital currencies. These projects are in varying stages of development and have different goals.

The ECB’s project is aimed at creating a digital euro that can be used for payments and investments, while the BOJ’s project is more focused on creating a digital yen that can be used as a store of value. Both projects have received positive appraisals from central bankers, with ECB President Christine Lagarde hailing the potential of the digital euro and BOJ Governor Haruhiko Kuroda emphasizing the potential of the digital yen.

However, the Bank of England is not as enthusiastic about the idea of a digital pound. Governor Bailey has expressed his belief that the current system of cash and card payments is adequate and that a digital pound would not be necessary. He also noted that the bank is not looking to replace cash but rather to improve the current system.

The Bank of England’s decision to backtrack on the digital pound comes as other nations are making major progress in the field of CBDCs. China has already launched its digital yuan and is actively testing it, while other countries such as France, Italy, and Japan are close to launching their own digital currencies.

It remains to be seen whether the Bank of England will ultimately decide to pursue a digital pound or if it will continue to focus on improving the current system of cash and card payments. Whatever the case, it is clear that the global CBDC landscape is changing and the Bank of England will have to make a decision soon.