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Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure
20.1.2023
The Chicago-based firm was listed among Genesis' creditors in the amount of $18 million, but Cumberland said that's too high. The document includes "misleading and incorrect information," Cumberland tweeted
Former FTX US president raises $5M for new crypto software firm
20.1.2023
Brett Harrison departed FTX US roughly two months before FTX Group filed for bankruptcy, citing "cracks" in his relationship with SBF
Crypto Lender Genesis Global Capital Is FTX's Largest Unsecured Creditor
20.1.2023
Crypto exchange FTX and it's affiliated subsidiaries owed Genesis Global Capital over $226 million, according to a recent filing
Top 3 Reasons Why Crypto Prices Are Not Plummeting After Genesis Bankruptcy News
20.1.2023
Genesis is one of the largest companies in the Bitcoin and crypto space, and has this morning announced that they are to be entering into a chapter 11 bankruptcy filing, after many of the loans that they issued to various parties in the crypto space soured.
Many in the cryptocurrency space...
Crypto Analysts Warn Against Shorting DYDX Ahead of $200M Token Unlock
20.1.2023
The unlock, which takes place on Feb. 2, will release 150 million coins worth $202 million and 15% of the total supply
Shiba Inu Price is Up 20% to $0.00001139 This Week - Is This the Best Coin to Buy in Crypto Right Now?
20.1.2023
Shiba Inu price is keeping the meme coin hype live with its massive rally this week, netting 20% in gains. The second-most popular meme coin has slowed down its aggressive push from support at $0.000008 to new 2023 highs of $0.00001291....
Read More: Shiba Inu Price is Up 20% to $0.00001139 This...
Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit
20.1.2023
Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Genesis claims to have “ample liquidity to support its ongoing business operations...
Crypto Users in Brazil, India Set for Boost from Latest Samsung Wallet Rollout
20.1.2023
Samsung has announced the rollout of its crypto wallet-linkable mobile payments solution – Samsung Wallet – in Brazil, India, Malaysia, and five other countries.
Per an official Samsung release and a report from Brazil’s Livecoins, the firm will also unveil the service to users in Australia...
FTX to Reopen its Crypto Exchange Business? New CEO John Ray III Says He’s Open to the Idea
20.1.2023
Speculation is mounting over whether FTX could reopen to users, after the company’s new CEO, bankruptcy expert John Ray II, said he is open to the idea.
“Everything is on the table. If there is a path forward on that, then we will not only explore that, we’ll do it,” Ray said with regards to...
Moonstone Bank is Closing the Accounts of its Crypto Clients to ’Refocus on Community Bank Role’
20.1.2023
Moonstone Bank, a digital bank focused on serving high-net-worth individuals, has revealed that it is exiting the crypto space and will be refocusing on the "community bank" role.
In a Thursday press release, the bank said it is halting plans to develop banking services for innovative industries...
Bitcoin, Ethereum Technical Analysis: BTC Back Above $21,000 Despite Genesis Bankruptcy
20.1.2023
Bitcoin crept back up to the $21,000 level on Friday, as volatility in the cryptocurrency market remained high. After falling by nearly 4% in Thursday’s session, the global market cap is up by 1.14% as of writing. This comes despite the news that crypto lender Genesis has recently filed...
Best Crypto to Buy Today 20th January – NEXO, MEMAG, HBAR, FGHT, ENJ, CCHG, APE, RIA, SNX, TARO, D2T
20.1.2023
The cryptocurrency market has risen by 1.5% in the past 24 hours, recovering some of the losses from its slight selloff yesterday. At $1.01 trillion, its total cap has risen by 7% in a week and by 20% in a month, with positive US inflation figures published last week causing...
How to use margin trading and leverage in crypto trading?
20.1.2023
Cryptocurrency trading is a popular and potentially lucrative investment option. You can trade Bitcoin and altcoins using the same exchange. This allows you to leverage your capital, allowing you to enter larger trades than you could otherwise afford. There are several ways to make more money...
Crypto Firm Nexo Pays Out $45 Million in Settlement with SEC, Shutters Lending Product
20.1.2023
Crypto lending company Nexo has agreed to pay a total of $45 million to US regulators to settle claims that it failed to register the sale of its Earn Interest Product (EIP).
According to two separate statements by the US Securities and Exchange Commission and the North American Securities...
Sundance Film Festival embraces blockchain and crypto film initiatives
20.1.2023
Film festivals have seen an increase in blockchain and crypto-funded film projects and initiatives as Web3 technologies continue to merge with the entertainment industry
Genesis’ crypto lending businesses file for Chapter 11 Bankruptcy Protection
20.1.2023
Genesis, along with its 2 subsidiaries, filed for Chapter 11 bankruptcy protection last Thursday following the collapse of FTX and Three Arrows Capital. The application has been filed by Genesis Global Holdco, Genesis Asia Pacific Pte, and Genesis Global Capital, seeking a joint administration...
Davos 2023: Banking Panel Reinforces the Need for Crypto Regulation
20.1.2023
A group of global banking experts hosted by the World Economic Forum (WEF) convened about the need for global crypto regulation, including stablecoins and unbacked crypto assets. The panel agreed there must be at least some kind of base regulation for these assets and bank-equivalent regulation...
There’s Been a Rise in Argentinians Choosing to Get Paid in Crypto – Here’s Why
20.1.2023
There has been a sharp rise in Argentinians choosing to work for companies that pay them in crypto rather than fiat, a new report has suggested.
Speaking to the media outlet Criptonoticias, Jonathan Chester, the CEO of Bitwage claimed that in the past year, the number of Argentines who have used...
Here's Why Solana Price May Pump to $50 - But Fight Out Move to Earn Crypto is a More Profitable Alternative
20.1.2023
The solana price is down by 1% today, having dropped to $21.03 in the past 24 hours. Its current level represents a 26% increase in a week and a 71% surge in the last 30 days, with the layer-one cryptocurrency compensating for some of the steep losses it incurred last year....
Read More: Here's...
Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022
20.1.2023
Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While Silvergate has taken steps to help it navigate...