Genesis Sought $1B Bailout From Investors Before Halting Withdrawals: Report
The crypto lender Genesis paused withdrawals from its lending arm on Wednesday, citing “abnormal withdrawal requests.”
What the Genesis Loan Suspension Teaches Us About Crypto Lending
Genesis Global Trading, one of the largest crypto lenders and institutions, announced Wednesday that they would «temporarily suspend redemptions and new loan originations in the lending business.
FTX acquisition no more: Canadian exchange Bitvo backs off the deal
Bitvo has managed to back off its acquisition agreement with FTX exchange thanks to long approval process of the deal from local regulators.
US reportedly considering Bankman-Fried extradition for questioning
Authorities in both countries are reportedly in conversation about whether to bring the former FTX CEO back to the United States.
Bitcoin Miner Core Scientific Facing Lawsuit for Improperly Disclosing Financials
Core Scientific is being sued for allegedly failing to disclose several high-profile disputes with its clients in its statements to shareholders.
FTX collapse is Trust Wallet Token’s gain — Why did TWT price soar 150% in six days?
An exodus from centralized cryptocurrency exchanges after FTX’s collapse appears to be the primary reason behind Trust Wallet Token’s massive rally.
Golden State Warriors Joins List of Sports Franchises Cutting FTX Ties
The NBA team is the latest sports franchise to cut ties with the now-bankrupt FTX, which splurged big money on sports sponsorships.
Bitcoin miner Canaan scales operations despite low earnings, CEO says
Chinese Bitcoin mining firm Canaan posted a 90% over-the-quarter decrease in net income in Q3 2022, but it’s not the end of its business.
Visa Pulls Plug on FTX Partnership, Will Wind Down Debit Cards: Report
Payments giant Visa is reportedly shuttering its partnership with FTX following the latter’s bankruptcy filing last week.
$3 billion in Bitcoin left exchanges this week amid FTX contagion fears
It appears that more investors are choosing to self-custody their BTC funds in the wake of the FTX scandal and fallout.