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Shop Floki goods store goes live across the world for business

23.1.2023
Floki has entered the industry of online shopping with a brand new store called Shop Floki. It can be accessed from any part of the part subject to its availability. The announcement was made on Twitter, informing the community that they will be able to buy Floki merchandise from January 19, 2023....

Binance Says Signature Bank Won’t Support Transactions for Crypto Exchange Customers of Less Than $100K

23.1.2023
The crypto friendly bank has been reducing its involvement in crypto markets in recent months, part of the fallout from recent industry debacles

Switzerland Less Affected by Crypto Industry Crisis, Study Finds

21.1.2023
While the global industry built around digital assets is losing funds and jobs are dropping off, Switzerland seems to be weathering the storm relatively well, one piece of research claims. In fact, more crypto companies settled in the country during the past turbulent year than those that left...

First Hearing in Genesis Bankruptcy Case Set For Monday

21.1.2023
Genesis' first hearing in its bankruptcy case is set for January 23

Genesis’ Crypto Trading Arm Is Moving Money Around, a Sign of Normalcy Amid Sibling’s Bankruptcy

21.1.2023
About $125 million was sent to exchanges in the run-up to Genesis’ lending division filing for Chapter 11, and more was moved the next day

Bitcoin Miner 1Thash Sent Almost All Its BTC to Binance

20.1.2023
On-chain data sourced from CryptoQuant shows that the 5,592 BTC worth some $124 million that was transferred out of the miner’s address in the past three days ended up in Binance

Moody’s Further Downgrades Coinbase Junk Bonds, Joining S&P

20.1.2023
The ratings agency cited Coinbase’s weakened revenue and cash flow generation potential due to the ongoing crypto winter as reasons for the move

SEC Sues Eisenberg for Draining Mango Markets, Alleges MNGO a Security

20.1.2023
It’s the latest case to emerge from Avraham Eisenberg’s “highly profitable trading strategy.”

Coindesk Up for Sale? Investors Circle Crypto News Publication Amidst Genesis Bankruptcy

20.1.2023
According to various reports, investors are reportedly interested in purchasing Coindesk, a cryptocurrency news publication. On Jan. 18, Wang Feng, founder of China-based news publication Marsbit, announced his intentions to purchase Coindesk along with other members of the crypto industry. This...

Genesis Claims $5.1B in Liabilities in First Day Bankruptcy Filing

20.1.2023
Three of the institutional crypto brokerage's entities filed for Chapter 11 protection late Thursday

Fairfax County, Virginia Pension Funds Exposed to Genesis Bankruptcy

20.1.2023
Two Washington, DC-area pensions invested $35 million in a VanEck fund listed as a Genesis creditor

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

Ex-FTX US Head Raises $5M for Startup Months After Exchange Collapse

20.1.2023
Investors included the venture arms of Coinbase and Circle, a former FTX portfolio company

Digital Currency Group Owes Subsidiary Genesis Global Over $1.65B

20.1.2023
The crypto finance firm filed for Chapter 11 bankruptcy yesterday, with debts around $3.5 billion

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...

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...

Former FTX Lawyer Opposes Hiring Sullivan & Cromwell for Bankruptcy

20.1.2023
Individual objectors have sought to delay an FTX hearing in the United States Bankruptcy Court in the district of Delaware scheduled at 10:00 a.m. EST on January 20, 2023 expected to be about whether FTX can retain the services of New York law firm Sullivan & Cromwell (S&C) amid allegations from...