General Category > Economy/Business
Cryptocurrency Thread
catfish1957:
Bump.... Bump..... Bump....
Another One Bites the Dust.
https://www.financialexpress.com/blockchain/crypto-lending-unit-of-genesis-files-for-us-bankruptcy/2954587/
<snipit>
The lending unit of crypto firm Genesis filed on Thursday for U.S. bankruptcy protection from creditors, toppled by a market rout along with the likes of exchange FTX and lender BlockFi. Genesis Global Capital, one of the largest crypto lenders, froze customer redemptions on Nov. 16 after FTX stunned the financial world with its bankruptcy, fuelling concern that other companies could implode. The company is owned by venture capital firm Digital Currency Group (DCG).
Bigun:
--- End quote ---
https://twitter.com/ChuckCallesto/status/1684604455533019143
catfish1957:
In maybe some of the biggest news in Crypto in the past 5 years, the SEC has given the go ahead the Crypto concept, giving some level of validity, and is allowing ETF's to established in several exchanges. **nononono*
https://www.theguardian.com/technology/2024/jan/11/bitcoin-etf-approved-sec-explained-meaning-securities-regulator-tweet
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