Many of the biggest names in crypto lending have failed in the past half-year, highlighting the shaky foundations, risky practices and lack of regulation in the sector
of Genesis Global Capital LLC last week marked the end of an era for crypto lenders that tried to bring the centuries-old business model of banking to the digital-currency space.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Genesis’ bankruptcy filing was decided by independent committee, according to DCGA special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection, according to DCG.
Read more »
First Mover Americas: Bitcoin, Ether Rise Slightly After Genesis' Chapter 11 FilingBitcoin and ether remain resilient, even after crypto lender Genesis filed for Chapter 11 bankruptcy protection as traders say the news was already priced in. bitcoin ether crypto markets genesis
Read more »
Genesis bankruptcy filing sparks various community responsesSome believe that no one will be held accountable, while some think the entire crypto lending space is “stupid.”
Read more »
Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit – Featured Bitcoin NewsFollowing an SEC lawsuit, crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), filed for Chapter 11 bankruptcy. cryptocurrency
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Back Above $21,000 Despite Genesis Bankruptcy – Market Updates Bitcoin NewsBitcoin crept back up to the $21,000 level on Friday, as volatility in the cryptocurrency market remained high.
Read more »
Digital Currency Group Owes Subsidiary Genesis Global Over $1.65BInstitutional crypto brokerage Genesis Global Capital filed for Chapter 11 bankruptcy yesterday, listing debts of roughly $3.5 billion.
Read more »