Auto Added by WPeMatico

Report Shows Crypto News Publication The Block Was Secretly Funded by Bankman-Fried’s Alameda

On Dec. 9, 2022, Axios reporter Sara Fischer reported on the CEO of the crypto media The Block after it was discovered that the chief executive was secretly funded by…

Continue ReadingReport Shows Crypto News Publication The Block Was Secretly Funded by Bankman-Fried’s Alameda

Report: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets

According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting…

Continue ReadingReport: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets

Report: State Securities Regulators Probe Crypto Lender Genesis

State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that the Alabama…

Continue ReadingReport: State Securities Regulators Probe Crypto Lender Genesis

Report: Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital

Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to pause…

Continue ReadingReport: Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital

DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North

Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on…

Continue ReadingDCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North

Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations

Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that…

Continue ReadingReport: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations

Robinhood Lists Grayscale’s Bitcoin and Ethereum Trusts

On May 6, the financial services company Robinhood announced the firm has listed Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE). Robinhood customers can now gain access the crypto investment…

Continue ReadingRobinhood Lists Grayscale’s Bitcoin and Ethereum Trusts

Genesis Trading Sees ‘Strong Signs’ of Institutional Crypto Investment Growth Accelerating Next Year

Genesis Trading’s head of market insights says that the institutional investment growth in the crypto space over the last 12 months “has been astonishing.” The executive added: “We’re seeing strong…

Continue ReadingGenesis Trading Sees ‘Strong Signs’ of Institutional Crypto Investment Growth Accelerating Next Year