#GENESIS News

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CryptoSlate Wrapped Daily: Bitcoin falls 1.4% after US payroll data, FTX Japan works to offer liquidity

cryptoslate.com The biggest news in the crypto-verse for Dec. 2 includes Bitcoin’s negative 1.4% reaction to the U.S. payroll data, FTX Japan’s efforts to bring liquidity back, and…

FTX’s venture arm Alameda invested over a billion in Bitcoin [BTC] mining firm

ambcrypto.com Alameda reportedly invested over a billion dollars in the Bitcoin mining firm – Genesis Digital - The first recorded investment was in August last year, while the last was…

FTX Missing Billions Remain Mystery After Bankman-Fried Grilling

yahoo.com (Bloomberg) -- Mystery continues to shroud the missing billions at bankrupt crypto exchange FTX after its disgraced founder Sam Bankman-Fried denied trying to perpetrate a…

FTX Contagion May Have ‘Infected’ This Crypto Trading Firm That’s Now Facing A ‘Liquidity Issue’

bitcoinist.com Sam Bankman-Fried, the former CEO of FTX, may have felt the same sorrow as the thousands of investors who entrusted him with their money, but the misery seems to persist…

Online news site CoinDesk attracts suitors amid crypto crash

semafor.com Online news site CoinDesk attracts suitors amid crypto crash CoinDesk, the online news site whose story on cracks in Sam Bankman-Fried’s crypto empire sparked an…

Elias: Only consumers can penalize price-gouging car dealers

siliconvalley.com Walk into a car dealership of virtually any brand, and you’ll find price markups unheard of in almost any past era. At Toyota, a new Prius Prime plug-in model, carrying a…

NY Wants Crypto Startups to Pay 5 Times Per Year for BitLicense

blockworks.co Crypto companies in New York could find themselves regularly paying to be regulated under the BitLicense scheme — just like banking and insurance firms do. The New York…

Adam Cochran on Why Crypto Prices Will Be Down Bad for the Next Six Months

unchainedpodcast.com Adam Cochran, partner at Cinneamhain Ventures, talks about the collapses suffered during this year, their impacts on big traditional finance players, and what’s coming in…

Hyundai, Kia achieve record November US sales led by rising IONIQ5, EV6 demand

electrek.co Kia announced Thursday it achieved its strongest November US sales month on record as demand for its electric vehicles pushed the automaker to new heights. Meanwhile, parent…

FTX Contagion Haunts Yet Another Crypto Trading Firm

cryptopotato.com Former FTX CEO Sam Bankman-Fried may have apologized dozen times for the failure of his firm, but there’s no stopping the contagion. Another casualty came in the name of a…

About Our Sponsor: Reserve

blockworks.co About Our Sponsor: Reserve Reserve Protocol aims to protect consumers from the effects of high inflation and hopes to one day eradicate it. About Our Sponsor: Reserve…

OK, You Blew Up Your Crypto Fund. What Do You Tell Your LPs?

blockworks.co The moat has been breached, and the sky is all but falling. Even blue-chip crypto traders running serious institutional money have booked eye-popping losses in just weeks.…

This Coin Gave 3100% Returns, but Is It a Ponzi?

beincrypto.com BlockAura (TBAC) gave a 3100% return to an Indian man. But the crypto community calls this multi-level marketing token a Ponzi. According to the official website, BlockAura…

Circle Yield Pauses New Loans After Repaying Customers

blockworks.co The yield product of crypto payments tech company Circle has halted new loans just weeks after the company reduced its yield to zero as contagion of FTX’s failure spread.…

Crypto Technology Still Relevant Despite Market Crisis, BlackRock CEO Says

bitcoinist.com Following in the footsteps of Celsius and Terra Luna is Sam Bankman Fried’s crypto firm FTX, another participant in the ongoing crypto catastrophe narrative. Even while the…

Sam Bankman-Fried’s surreal interview doesn’t clear up much

coinjournal.net Previous article Sam Bankman-Fried’s surreal interview doesn’t clear up much Next article $MCADE presale is now live! Play. Earn. Build. Connect. Start $MCADE presale is now…

2 Reasons Bitcoin Could 'Crash To Ground Level' According To Morgan Creek's Yusko

benzinga.com Mark Yusko, the founder and partner of Morgan Creek Capital Management, believes that two events — GBTC and Tether USDT/USD stablecoin — could spell doom for Bitcoin…

Gemini Gains Crypto Licenses in Italy and Greece

financemagnates.com Gemini Gains Crypto Licenses in Italy and Greece - The licenses will ensure its European expansion. - Its crypto lending arm is in trouble after suspending withdrawals.…

Bitcoin IRA deposits at Genesis could leave retirees broke

protos.com Genesis Trading is struggling to raise new capital and warned of a possible restructuring in the wake of the FTX bankruptcy. It has frozen retirement funds held by Bitcoin…

FTX's celebrity endorsements were a big red flag, says the family that put all its money into bitcoin

businessinsider.com The Taihuttu family, also known as the bitcoin family are known for putting all their money into the cryptocurrency in 2017. KanawatTH/Getty Images A Dutch family that put…

BlackRock's Larry Fink thinks most crypto companies will go out of business in the wake of FTX's collapse

businessinsider.com BlackRock's Larry Fink. AP The collapse of Sam Bankman-Fried's FTX will flush out most crypto firms, BlackRock's Larry Fink said. "I actually believe most of the companies…

Genesis Halts Withdrawals At Lending Business

thedefiant.io Users Of Gemini Earn Unable to Withdraw Assets as FTX Contagion Spreads Genesis Global Capital, the lending arm of leading digital asset brokerage Genesis Trading, announced…

Binance Mulls FTX White Knight Role

cryptobriefing.com Binance Mulls FTX White Knight Role—What Comes Next? Binance’s U.S. arm is reportedly preparing to make a bid to acquire distressed crypto firms Voyager Digital and Genesis’…

DCG Offered $300M for CoinDesk by Potential Buyers

247wallst.com A recent report indicated that CoinDesk, an online news website, has garnered some takeover interest. The outlet has been attracting increased attention throughout the fall…

Axie Infinity is toxic for crypto gaming By Cointelegraph

investing.com Blockchain gaming is only four years old — a toddler compared to the rest of the industry. It has a lot of growing up to do, particularly when it comes to play-to-earn…

Genesis Creditors Onboard Restructuring Lawyers, Exploring Ways to Avert Bankruptcy

cryptopotato.com For several companies in the crypto sector, 2022 marked the end of the line. A few seemingly vanished overnight. But Genesis’ creditors are making desperate calls to save…

Bitcoin jumps to a 2-week high of $17,000, but crypto experts say don't cheer the rally as FTX contagion is far from contained

businessinsider.com Sam Bankman-Fried founded the now-bankrupt crypto exchange FTX. Tom Williams/Getty Images Bitcoin hit $17,000 on Wednesday, trading at a two-week high. An analyst breaks…

Crypto Trader Auros Global Misses Payment on DeFi Loan As FTX Contagion Spreads

coindesk.com Auros Global, a crypto trading firm, is the latest to face liquidity problems following the FTX collapse as it missed payment Wednesday on a decentralized finance (DeFi)…

Gemini Crypto Pauses Withdrawals, Fallout Continues From FTX Collapse

forbes.com Key Takeaways - The Gemini exchange had to pause withdrawals after the FTX collapse caused a ripple effect on the cryptocurrency space. - Investors fear that Genesis, the…

FTX Contagion: Genesis and Gemini Hit in Crypto Chaos

cryptobriefing.com FTX Contagion: Genesis and Gemini Hit in Crypto Chaos The market turmoil created by FTX’s monumental meltdown is spreading throughout the crypto industry. Key Takeaways -…

Behind The Miami Art Week Exhibit Created To Elevate Diverse Artists

forbes.com While U.S. are museums are still sorely lacking in representation by women and people of color, art fans flocking to Miami Art Week will have the opportunity to engage with…

Why December could be a rocky months for Bitcoin and Equities

ledn.io Why December could be a rocky months for Bitcoin and Equities Market Commentary Bitcoin price has been relatively muted over the last 2 weeks, but that could drastically…

Crypto Lenders Genesis, Gemini, Galaxy Struggle After FTX Declares Bankruptcy

bloomberg.com Crypto Lenders Genesis, Gemini, Galaxy Struggle After FTX Declares Bankruptcy Bloomberg

Gemini gets regulatory greenlight in Italy, Greece amid lending halt

cointelegraph.com Winklevoss brothers’ cryptocurrency exchange Gemini continues expanding in Europe, announcing new regulatory approvals in Italy and Greece. Gemini has registered as a…

U.S. crypto broker Genesis says it is working to avoid bankruptcy filing By Reuters

investing.com (Reuters) - U.S. cryptocurrency brokerage Genesis said it was seeking to avoid bankruptcy after Bloomberg news reported on Tuesday that creditors to the firm are organizing…

CoinDesk Might Be Heading for Buyout Sooner or Later

coinspeaker.com Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too…

Bullish For Bitcoin? Genesis Creditors Seek Options

bitcoinist.com Bitcoin investors are eagerly awaiting Jerome Powell’s speech today. The chairman of the U.S. Federal Reserve will comment on the current situation and policy this Wednesday…

Genesis Creditors Seek Options to Keep Crypto Brokerage Out of Bankruptcy

bloomberg.com Genesis Creditors Seek Options to Keep Crypto Brokerage Out of Bankruptcy Bloomberg

Genesis Crypto Brokerage Scrambles to Keep Bankruptcy at Bay

beincrypto.com Embattled crypto brokerage Genesis is pulling out all the stops and exploring all options it has to keep the bankruptcy lawyers at bay. Creditors are joining forces with…

Digital Currency Group receives offers to buy CoinDesk: report

forkast.news CoinDesk, an online cryptocurrency news site, has attracted potential buyers to take over the media outlet from Digital Currency Group amid market turmoil, Semafor reported…

Here’s how Genesis is trying to avoid bankruptcy

watcher.guru Bankruptcy seemed to be the theme of the crypto-verse this year. A plethora of firms were facing insolvency over the last couple of months. Prominent crypto brokerage firm,…

Genesis Creditors Hire Lawyers to Find Ways to Prevent Crypto Brokerage's Bankruptcy

coindesk.com Genesis and CoinDesk share the same parent company, Digital Currency Group. DISCLOSURE Please note that our privacy policy, terms of use, cookies, and do not sell my…

U.S. crypto broker Genesis says it is working to avoid bankruptcy filing

reuters.com Nov 29 (Reuters) - U.S. cryptocurrency brokerage Genesis said it was seeking to avoid bankruptcy after Bloomberg news reported on Tuesday that creditors to the firm are…

Digital Currency Group Reveals $2B in Liabilities, Including Debt to Its Own Subsidiary

cryptobriefing.com Digital Currency Group Reveals $2B in Liabilities, Including Debt to Its Own Subsidiary Digital Currency Group CEO Barry Silbert also admitted to intercompany loans among…

All about DCG, its subsidiaries, and why investors shouldn’t fret over liquidation

ambcrypto.com Recent developments around the Digital Currency Group (DCG) led to widespread speculation about its future of its star subsidiaries. These include Genesis Global Trading and…

Could Bitcoin Crash to $10,000? Market Experts Weigh In

decrypt.co How low can Bitcoin go? Market analysts, including the BitMEX co-founder Arthur Hayes and the co-founder of Mobius Capital Partners Mark Mobius, said the next target for…

Crypto Lender BlockFi Goes Bankrupt in Wake of FTX’s Fall

yahoo.com (Bloomberg) -- Crypto lender BlockFi Inc. filed for bankruptcy, becoming the latest digital-asset firm to collapse in the wake of the rapid downfall of the FTX exchange and…

More trouble for Grayscale as Ethereum trust plummets

protos.com Grayscale Investments is best known for its Grayscale Bitcoin Trust (GBTC) product, which is currently trading at a steep discount to its assets under management (AUM). But…

Genesis reveals its secrets to success

newsweek.com The Genesis brand has been selling models since 2017, but only in the last two years has it begun to break through with new car buyers. This, despite headwinds from supply…

'The Last Big Whale': Why the Crypto Contagion of 2022 Eventually Hit Genesis

unchainedpodcast.com Michael Jordan, founder at DBA and former co-head of investments at Galaxy Digital, and Alex Pack, managing partner at Hack VC, talk about the potential insolvency of…

BlockFi set to sue Sam Bankman-Fried over collateral

forkast.news Cryptocurrency lender BlockFi Inc. and eight affiliates filed for Chapter 11 bankruptcy protection in the U.S. district of New Jersey on Monday, the latest casualty in the…

BlockFi Files For Bankruptcy

thedefiant.io BlockFi Files For Bankruptcy Last week, on this show, we wondered whether Genesis, the struggling crypto lender, would be the next domino to fall in the wake of FTX’s…

Controlling shareholders' stakes in GBTC are 'highly illiquid': Report By Cointelegraph

investing.com According to a new Twitter post by Ryan Selkis, CEO of blockchain research firm Messari, Grayscale Bitcoin Trust's (GBTC) controlling shareholders Genesis Global and Digital…

Bitcoin’s bottom might be below $15.5K, but data shows some traders turning bullish

cointelegraph.com Bitcoin (BTC) bears have been in control since Nov. 11, subduing BTC price below $17,000 on every 12-hour candle. On Nov. 28, a drop to $16,000 shattered bulls' hope that…

Controlling shareholders' stakes in GBTC are 'highly illiquid': Report

cointelegraph.com According to a new Twitter post by Ryan Selkis, CEO of blockchain research firm Messari, Grayscale Bitcoin Trust's (GBTC) controlling shareholders Genesis Global and Digital…

Factbox-From BlockFi to Genesis, crypto firms reel from exposure to FTX By Reuters

investing.com (Reuters) - After the collapse of major cryptocurrency exchange FTX, the industry is bracing for further pain because of the exposure of many companies to FTX and its…

BlockFi Bankruptcy Is The Latest FTX Casualty

forbes.com Key Takeaways - Crypto platform BlockFi has filed for Chapter 11 Bankruptcy in New Jersey, citing exposure to FTX as a major factor in their collapse. - BlockFi has stated…

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