Struggling for a while, Global Genesis and its cryptocurrency lending subsidiary Global capital genesis they finally declared themselves inside failure. This Friday January 20th Global Genesis Holdco and two of its subsidiaries, Global capital genesis And Genesis Asia Pacifichave filed a lawsuit in the American courts to place themselves under the chapter 11 protection. As … Read more
Published on January 20, 2023, 06:51 1. The slow recovery in investor confidence At $1 trillion, the global cryptocurrency market cap is back to where it was before the bankruptcy of FTX which took place on 11 November. But that doesn’t mean investors have moved on. Seized cryptocurrencies will have to be sold recover cash … Read more
ChatGPT doesn’t just make cheaters happy. Many cryptocurrencies are also benefiting from its success. ChatGPT is everywhere: in the universities, in the media and even among hackers. In recent months, the artificial intelligence of Open AI has seen its popularity explode, to the point of prompting Microsoft to want to invest $10 billion more in … Read more
Sam Bankman-Fried, founder of FTX, a platform for trading and buying cryptocurrencies. driven by its fraudulent FTX actions into an unprecedented bankruptcy, resulting in the loss of more than $10 billion to one million customers.This dramatic fall comes 10 years after Bitcoin’s inception, when cryptocurrencies seemed to gradually find their place in the world of … Read more
Wall Street veteran Scaramucci is a Davos institution: He sits in hotel lobbies, talks to anyone who stops him on the street, and hands out 100-point red wines at one of the week’s busiest parties. For several years, Scaramucci was also the most valuable thing of all to the nervous global elite: a translator for … Read more
Bankrupt cryptocurrency exchange FTX said in a report to creditors on Tuesday that about $415 million worth of cryptocurrency had been stolen in hacks. FTX said it has recovered more than $5 billion in cryptocurrencies, cash and liquid securities, but significant gaps remained in its international and US cryptocurrency trading. FTX attributed part of that … Read more
Image source: CoinDesk One of the leading cryptocurrency industry news sites CoinDesk appealed to the advisers of lazards, a leading financial advisory and wealth management firm, to consider a sale of all or part of its business. The move comes as a subsidiary of CoinDesk, Genesissuffered a liquidity crisis following the collapse of FTP extension. … Read more
Available on the BitMart platform from the beginning of the week, the native token of the DeSo blockchain, the $DESO, accesses the cryptocurrency exchange Gate.io; it will therefore be possible to buy and sell this token from this Friday January 20 at 14:00 (UTC), i.e. 15:00 in Paris. And these two exchanges are reportedly just … Read more
Pre-bankruptcy – After the fall of FTX, Genesis was already facing a cash crunch, but the company continued to explore its options, without declaring bankruptcy. New information suggests that the branch of Digital Currency Group (DCG) he may finally be close to taking that step. After Three Arrows Capital and FTX, Genesis prepares to file … Read more
2022 has been a terrible year for cryptocurrencies. Between scams, ransomware and exchange failures, the losses have been colossal. Law enforcement is mobilizing to try to stop the robbery and 2023 should be littered with arrests. This time it’s the turn of Anatoly Legkodymov, managing director of Bitzlao, a sulphurous exchange that pays little attention … Read more