Genesis Files for Bankruptcy as it Seeks Protection From its Creditors – Which DCG Unit is Next to Fail?
20.1.2023
After months of struggling, crypto lending and trading firm Genesis has filed for bankruptcy - but it's not the end of its troubles.
Genesis, a unit of the Digital Currency Group (DCG), said in a press release that Genesis Global Holdco, LLC and two of its lending business subsidiaries, Genesis...
Crypto Payments Company MoonPay Acquiring Web3 Creative Agency Nightshift, Rebranding as Otherlife
20.1.2023
Crypto payments infrastructure provider MoonPay is taking over Web3 creative agency Nightshift which will rebrand as Otherlife as part of the deal. The acquisition is to contribute to MoonPay’s plan of establishing itself as a one-stop shop for brands interested in expanding to crypto, collectible...
Nexo confirms to pay a total of $45M in settlement to U.S. regulators
20.1.2023
On 19th Jan, the security regulators of the U.S. North American Securities Administrators Association and Securities and Exchange Commission (SEC), announced that Nexo capital had to pay almost $45 million in penalties. The regulators claim that Nexo has failed to register its EIP. As a result...
1inch Network Wallet to be delivered soon
20.1.2023
To continue pursuing its plans related to the expansion of its ecosystem of products and its projects, 1inch Network will very soon be delivering the 1inch Hardware wallet. This happens to be a new age and the latest solution with regard to cold crypto storage. The 1inch Hardware Wallet is inching...
Binance to Increase Presence in Poland in Compliance With Local Regulations
20.1.2023
Binance has unveiled intentions to broaden its activities in Poland, another EU member state where the global cryptocurrency exchange is registered. The coin trading platform plans to develop its Polish entity, recruit local talent and launch educational initiatives. Crypto Exchange Binance Moves...
Crypto becomes second most widely-owned asset class for women: eToro survey
20.1.2023
While crypto is dubbed as the worst-performing asset class in the last year, global investors owning crypto rose from 36% to 39% on a quarter-on-quarter basis
BTC, ETH Hold Steady After Genesis' Bankruptcy, Crypto Traders Say Bad News Was Priced In
20.1.2023
The path of least resistance for crypto is on the higher side, one observer said, drawing attention to bitcoin's tendency to carve out double-digit gains during the Chinese New Year holidays
Cameron Winklevoss Threatens Legal Action Against DCG CEO After Genesis Bankruptcy
20.1.2023
The Gemini CEO has been involved in a weeks-long public spat with DCG over the repayment of a $900 million loan
FTX reboot could falter due to long-broken user trust, say observers
20.1.2023
Crypto industry observers have questioned whether customers or investors will ever want to "come near" FTX again
Genesis Owes Over $3.5B to Top 50 Creditors
20.1.2023
Genesis has over 100,000 creditors between the of its companies that declared bankruptcy
Nifty News: Trump NFTs surge 800%, Yuga Labs blacklists NFT exchanges, and more
20.1.2023
Donald Trump’s NFT collection started out strong but then started looking lifeless up until a few days ago
Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product
20.1.2023
The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements...