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US State Regulators Investigating Crypto Trading Firm Genesis Global Capital: Barron’s
25.11.2022
Several regulators, including the Alabama Securities Commission, are looking into whether Genesis may have violated securities laws, according to Barron’s
Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Lower on Black Friday
25.11.2022
Bitcoin was marginally lower on Nov. 25, as markets returned to action following the U.S. Thanksgiving holiday. Overall, cryptocurrency markets were mostly in consolidation in today’s session, with the global market cap up 0.12% as of writing. Ethereum was also largely unchanged, with...
Shopping․io Integrates DINO LFG Enabling $DINO for E-Commerce Shopping
25.11.2022
PRESS RELEASE. Shopping.io announced their partnership with DINO LFG. DINO holders can now use their $DINO token for online purchases from major retailers like Amazon, eBay, Etsy, and Walmart. Shopping.io is known for allowing holders to spend their crypto effortlessly on global eCommerce websites...
Deloitte: Metaverse Could Add $1.4 Trillion a Year to Asia’s GDP
24.11.2022
Deloitte estimates the metaverse could add $1.4 trillion to Asia’s GDP annually by 2035. Noting that the metaverse market could be as large as $13 trillion by 2030, the global financial services firm said: “The metaverse is no longer science fiction. Early metaverse platforms...
Genesis Global Capital Confirms Hiring Investment Bank Moelis, Talks With Potential Investors
23.11.2022
Genesis also started talks with its largest creditors and borrowers, including Gemini and DCG, to agree on a solution
MEXC Global Vice President Andrew Weiner Explains the Appeal of Futures Trading
23.11.2022
A 6-year veteran of the crypto industry, Andrew Weiner serves as the Vice President of MEXC Global. As the former executive of RegTech and digital identity pioneer iComplyKYC, he worked with notable brands that include Thomson Reuters, ComplyAdvantage, IBM, Mastercard, Deloitte, and KPMG to deliver...
DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North
23.11.2022
Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two data centers have a total power capacity of around...
Genesis calls in restructuring expert in its fight to avoid bankruptcy
23.11.2022
It is understood Moelis & Company has been brought on to help the troubled lending firm explore all possible options
Shiba Inu developer says WEF wants to work with project to 'help shape' metaverse global policy
22.11.2022
Shytoshi Kusama reported Shiba Inu could work alongside Facebook and Decentraland by working on metaverse global policy at the World Economic Forum
Report: China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’
22.11.2022
During the first week of November, the World Gold Council’s (WGC) report that covered last quarter’s global gold demand noted that central banks worldwide purchased close to 400 tons of gold in Q3 2022. The study highlighted that it was the “most on record,” and the WGC researchers also...
Genesis Global Capital Has Hired Investment Bank Moelis to Explore Options Including Bankruptcy: New York Times
22.11.2022
Separately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis
Huobi Global Rebrands as Huobi, Introduces New Strategy
22.11.2022
Huobi will endeavour to bring value to its business and provide secure and professional services to its users as it rebrands. Various technologies and resources will also be integrated into Huobi’s global public chain ecosystem, including the technology and resources offered by the HECO and TRON...
Biggest Movers: LTC up 12%, Hitting a 3-Week High
22.11.2022
Litecoin rallied to a three-week high on Nov. 22, despite the global cryptocurrency market cap mostly residing in the red. As of writing, the crypto market is down 1.11%, however, litecoin is up by over 12%. Another notable gainer has been chainlink, which rose for a second straight session....
Bitget Registers in Seychelles and Plans to Grow Its Global Workforce by 50%
22.11.2022
PRESS RELEASE. Seychelles, Nov 22, 2022 – Leading global cryptocurrency exchange Bitget announces that it has registered in Seychelles to aid global expansion. The exchange operates in a decentralised manner with no specific headquarters, with regional hubs in strategic markets, and plans to set...
Crypto Exchange Bitget Registers in Seychelles, Eyes Global Expansion
22.11.2022
The exchange plans to increase its workforce from 800 to 1,200 by Q1 of next year
Crypto Economy’s Market Cap Slides Below $800 Billion for the First Time Since December 2020
21.11.2022
The global cryptocurrency market capitalization has dropped below the $800 billion region for the first time in 691 days or since December 30, 2020. Bitcoin has dipped below the $16K region dropping 5.12% over the past 24 hours, and the second leading crypto asset ethereum shed 7.61% on Monday...
Bernstein: Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global
21.11.2022
If Genesis is forced to file for bankruptcy, creditors will have no claim on GBTC assets, the report said
Billionaire investor Bill Ackman says 'crypto is here to stay'
21.11.2022
Bill Ackman’s conviction on crypto comes as much of the community attempts to regain confidence in the industry following the FTX fallout
Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission
20.11.2022
According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said...
Bankrupt crypto exchange FTX begins strategic review of global assets
20.11.2022
FTX debtors are in talks with finserv firm Perella Weinberg Partners for various sale or reorganization attempts. However, the engagement of PWP is subject to the bankruptcy court's approval