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$2.8B Crypto-Focused Lending Firm Genesis Halts Withdrawals Fearing A FTX-Induced Bank Run

Genesis Global Capital, the crypto lending unit for crypto investment bank Genesis Trading has decided to halt withdrawals in the wake of the FTX collapse. On Wednesday morning, Genesis held a 7-minute call with customers informing them that withdrawal requests for Genesis Capital had exceeded their liquidity capital. дальше »

2022-11-17 12:21


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FTX tried to ‘buy time’ with Voyager and BlockFi bids, Lumida CEO says

FTX’s acquisition of creditors was a ploy to buy time and slow down a margin call, Ram Ahluwalia, the CEO of crypto-native investment advisor Lumida Wealth Management says. Sam Bankman-Fried’s FTX, Alameda and over 100 affiliate companies filed for bankruptcy last week, a development that shocked the crypto world and helped train the regulatory flood […] The post FTX tried to ‘buy time’ with Voyager and BlockFi bids, Lumida CEO says appeared first on Invezz. дальше »

2022-11-15 22:42


Don’t Call It A Hack: Crypto Reacts To The Binance Smart Chain Exploit And Halt

Was the Binance Smart Chain hacked? In the following article, you’ll find Changpeng Zhao’s exact words about the incident. Everybody else’s opinions, though, are about the halting of the chain. Most people are unaware of what Bitcoinist told you a year ago: the Binance Smart Chain is centralized and advertised as such. It’s not a […] дальше »

2022-10-8 12:55


Coinbase CEO Brian Armstrong says ‘the more regulation there is for crypto, the better it is for Coinbase’

Coinbase CEO Brian Armstrong said on an August 9 earnings call that the company is keen to see “common sense frameworks for regulation” next year within the United States. The post Coinbase CEO Brian Armstrong says ‘the more regulation there is for crypto, the better it is for Coinbase’ appeared first on CryptoSlate. дальше »

2022-8-10 01:01


Why The UK Opened A Consultation On Crypto, DeFi, And Staking Taxation

The U.K. HM Revenue & Customs (HMRC) agency opened a consultation on the state of crypto taxation, specifically for decentralized finances (DeFi). This call for evidence will have an 8-week duration from today July 5th until August 31st, 2022 and could result in significant changes to the DeFi tax structure. Related Reading | 3 Lessons From […] дальше »

2022-7-6 18:17


Coinbase CEO says crypto will heal, take 15% of global GDP 

Coinbase founder and CEO Brian Armstrong dismissed the current pessimistic approaches to the market and said crypto would take 15% of global GDP in 20 years.  Speaking at Coinbase’s Q1 earnings call, Armstrong said: “In my mind, this  [crypto] is a little bit like the early days of the Internet, where you saw the birth […] The post Coinbase CEO says crypto will heal, take 15% of global GDP  appeared first on CryptoSlate. дальше »

2022-5-14 02:30


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EPA Vs. Bitcoin: Dorsey, Saylor, Others Oppose Lawmakers’ Call For Action Vs. Crypto Mining

Bitcoin titans Jack Dorsey, Michael Saylor, and Tom Lee collaborated on a letter to the U.S. Environmental Protection Agency in defense of Bitcoin mining’s alleged impact on the environment.  Together, they have refuted claims by House democrats who are tapping on the EPA to investigate the so-called devastating effects that crypto mining has on the […] дальше »

2022-5-3 05:30