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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

Crypto Fund Sino Global Had Deep Ties to FTX Beyond Equity Investment

19.11.2022
A prominent Asia-based crypto investment firm, Sino holds many of the tokens hardest hit by the unraveling of Sam Bankman-Fried's FTX crypto empire. FTX was also a key partner on a big fund Sino raised with outside investors' capital

Binance Puts Ronaldo NFTs in Spotlight With First-Ever Global Ad Campaign

18.11.2022
The footballer's inaugural NFT collection featuring four rarity levels launched on Friday

Bitflex: Next-Generation Cryptocurrency Exchange Officially Launches

18.11.2022
PRESS RELEASE. Seychelles, November 18, 2022 – Bitflex Ltd. (“Bitflex,” “we” or “our”), a blockchain technology company in the global market, today has just announced the official launch of its cryptocurrency exchange. The launch follows an extremely successful beta period, which saw its user base...

MEXC Global now exceeds 10 million users; the meaning behind the upgrade color to “Ocean Blue”

18.11.2022
As of September 2022, MEXC has reached a respectable milestone of 10 million users! To celebrate this unique achievement, starting November 18, 2022, MEXC will introduce a major brand color change to its global user base to spread awareness of what it stands for. After surveying customers directly...

MEXC Global Now Exceeds 10 Million Users; The Meaning Behind the Upgrade Color to ‘Ocean Blue’

18.11.2022
PRESS RELEASE. As of September 2022, MEXC has finally reached a respectable milestone of 10 million users! To celebrate this unique achievement, starting November 18th of this year, MEXC will introduce a major brand color change to its global userbase to spread awareness for which it stands for....

Crypto Will Soon Threaten Global Financial Stability, FSB Official Says

17.11.2022
In the wake of FTX’s demise, the Financial Stability Board official urged authorities worldwide to move beyond sectoral boundaries and agree on global norms for the industry

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...

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

MasterCard, Citigroup and Other Global Banking Giants Start Digital Dollar Pilot With New York Federal Reserve

16.11.2022
Global financial services giants such as MasterCard, Citigroup, and others are joining hands with the Federal Reserve Bank of New York to start a 12-week-long pilot for a digital dollar system. The pilot dubbed the “regulated liability network,” will be conducted in a test environment using...

Biggest Movers: BCH Climbs to 1-Week High, DOT Declines

16.11.2022
Bitcoin cash rose to a one-week high in today’s session, despite crypto markets mostly trading lower. The global cryptocurrency market cap is down by 2.45% as of writing, which comes as traders reacted to rising geopolitical tensions. Polkadot was a notable token to slip, as prices collided...

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....