Genesis, a crypto lender, has filed for bankruptcy protection with over 100,000 creditors. According to a bankruptcy filing published late Thursday night, its sister exchange Gemini has several significant creditors. Trading titan Cumberland, along with Mirana, MoonAlpha Finance and VanEck’s New Finance Income Fund are among the 50 largest of Genesis’ creditors. The End for […]
About: SWarner
Posts by SWarner:
-
Bankrupt Genesis Owes a Whopping $3.5Billion to Creditors
-
Bitcoin’s Recent Drop is a Big Deal for Centralization
![Caribbean Man About To Drop a Bitcoin [$BTC] Token Ⓒ 2023 – Crypto Coin Opps](https://www.cryptocoinopps.com/wp-content/uploads/2023/01/Caribbean-man-holding-a-bitcoin-BTC-token.jpg)
The recent collapse of Sam Bankman-Fried’s $32 billion crypto empire has highlighted the importance of self-custody for users. Therefore, the event has led to a market-wide trend of investors holding their assets themselves rather than entrusting them to a third-party platform. According to the latest data compiled by crypto analytic company Santiment, Bitcoin’s supply on […]
-
Why Recent Bitcoin Drops Matter to the Industry
The recent collapse of Sam Bankman-Fried’s $32 billion crypto empire has highlighted the importance of self-custody for crypto holders. It has also led to a market-wide trend of investors holding their assets themselves rather than entrusting them to a third-party platform. According to the latest data compiled by crypto analytic company Santiment, Bitcoin’s supply on […]
