Genesis appears to be going the way of FTX: Bankruptcy.
Cryptocurrency lending firm Genesis Global Capital, a subsidiary of crypto conglomerate Digital Currency Group, is reportedly preparing to file for bankruptcy as early as this week.
it was considering a bankruptcy filing if it were unable to raise cash amid a liquidity crunch — a situation similar to that preceding crypto exchange FTX’s Chapter 11 filing in November. Citing people with knowledge of the situation, Bloomberg reported Genesis could file for bankruptcy as soon as this week.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Digital Currency Group halts dividends in an effort to preserve liquidityVenture capital firm Digital Currency Group announced in a letter to shareholders that it would be halting its quarterly dividends, less than a week after it was revealed its subsidiary Genesis owes creditors $3B and was being charged by the SEC.
Les mer »
Crypto giant Digital Currency Group halts dividend payments: CoindeskDigital Currency Group, the parent company to struggling crypto trading firm Genesis, has halted its quarterly dividend payments.
Les mer »
Bank of America Says CBDCs Are the Future of Money and Payments.BankofAmerica says CBDCs have the potential to revolutionize global financial systems and may be the most significant technological advancement in the history of money. By willcanny99.
Les mer »
Reviver Digital License Plate Fixes Hack That Could Track and Falsely Report Stolen VehiclesThe white hat hackers first started with the mobile app, but eventually found access to the plate’s data through accessing the Reviver URL to reset passwords.
Les mer »
Apple's suspends development of AR glasses, report claims | Digital TrendsApple has suspended work on a pair of lightweight augmentedreality (AR) glasses due to technical challenges, a new report claims.
Les mer »