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Crypto Firm Genesis Block Ceases Trading Services Amid FTX Contagion: Report

18.11.2022
The Hong Kong-based company was once Asia’s largest Bitcoin ATM player

FTX market aftershock reportedly causes Genesis Block to cease trading in Hong Kong

18.11.2022
Hong Kong-based cryptocurrency exchange says the market turmoil from the FTX fallout is the final cause of ceasing operations following a year of winding down services

Nifty News: Celebs lose big on BAYC, Meghan and Harry building a metaverse, and more.

18.11.2022
Celebrities are facing huge losses on their Bored Apes bought during the NFT peak, but big names like Sony and Adidas are pushing further into the industry

South Korean Crypto Exchange Gopax Services Hit by Genesis Disruption

17.11.2022
Crypto chaos is finally taking its toll on South Korean exchanges – with the crypto investment bank Genesis’ decision to pause redemptions and new loan offerings earlier this week disrupting services on the Gopax trading platform. Platforms in the nation have – until very recently – appeared...

Bitcoin Price and Ethereum Prediction - Risk-off Triggers as Genesis Trading Halts Withdrawals

17.11.2022
Bitcoin is mostly unchanged on November 17, but it remains under pressure as Genesis Trading, a crypto financial services firm, has suspended withdrawals from its loan section, citing the "extraordinary market instability" caused by Sam Bankman's FTX collapse. Ethereum, the second-most valuable...

Tether Says It Had No Exposure to Genesis Global and Gemini Earn, Crypto Experts Are Doubtful

17.11.2022
Tether, the issuer of the major stablecoin USDT, denied having exposure to either Genesis Global Capital or Gemini Earn yield product. The company said in an announcement that it was “operating business as usual,” claiming that, “With recent news surrounding Genesis today, Tether would like...

Market Wrap: Genesis Withdrawal Suspension Looms Over Cryptocurrencies

16.11.2022
Bitcoin and other cryptocurrencies fell as investors chewed over the industry’s latest debacle. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets

Tether says it has no exposure to Genesis Global or Gemini Earn

16.11.2022
The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency

Crypto Market Slides After Genesis Withdrawal Halt, but Big Investors May Hunt for Bargains

16.11.2022
Most digital assets trade lower on Wednesday as another crypto firm gets hit by the FTX contagion. Some analysts see enduring interest from institutional investors – possibly at an even lower entry price than previously contemplated

FTX Latest - Crypto Prices Slip as Contagion Hits BlockFi, Genesis and Gemini, Hacker ID Known, Auditors and VCs Fail, Class Action Lawsuit Filed

16.11.2022
BlockFi, Genesis and Gemini are the latest crypto victims of FTX contagion. The Wall Street Journal reports that crypto lender BlockFi is preparing for bankruptcy while today Genesis announced that it was halting redemptions on its lending product and would stop making new loans. It is claimed...

Bitcoin price dips to $16.4K over Genesis woes as execs defend GBTC

16.11.2022
The latest casualty of the FTX meltdown raises concerns over institutional investment fund, the Grayscale Bitcoin Trust (GBTC)

Market Maker B2C2 Offers to Buy Loans From Genesis Crypto-Lending Unit

16.11.2022
The lending arm of the crypto financial firm Genesis halted customer withdrawals earlier Wednesday, citing the impact of the collapse of FTX

Grayscale Declares 'Business as Usual' Despite Sister Company Genesis Global Capital Suspending Withdrawals

16.11.2022
Grayscale said that "Genesis Global Capital is not a counterparty or service provider for any Grayscale product."

Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations

16.11.2022
Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that the company’s trading and custody units were still operational....