How The Genesis Withdrawal Halt Impacts The Entire Crypto Market

2022-11-18 20:00

By now, the news of crypto lender Genesis halting withdrawals has already made the rounds. The implications of this on other crypto platforms are becoming apparent as more time passes, but being so early, there remains a lot to be seen of how this plays out in the end. However, it is important to note […]

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Are your funds safe? Crypto lending platforms continue to fall

Key Takeaways Genesis Capital have become the latest firm to get caught up in the crypto crash, suspending withdrawals yesterday Gemini soon followed, suspending withdrawals on their Earn product These are all yield -earning services, however – very different from FTX FTX’s biggest transgression was masquerading as an exchange while acting as a hedge fund, […] The post Are your funds safe? Crypto lending platforms continue to fall appeared first on CoinJournal.

2022-11-17 15:19


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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.

2022-11-17 12:21


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FTX’s collapse:  Hayman Capital’s Kyle Bass says ‘there’s more to come’

FTX’s collapse is still causing reverberations across the crypto market, with the latest crypto news being Genesis’s lending business halting customer withdrawals. Kyle Bass, the founder and CIO of Texas-based asset management firm Hayman Capital Management, says FTX’s collapse could just be the beginning of even more turmoil and failures in the crypto sector.

2022-11-17 19:31


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Криптобизнес дистанцируется от находящейся в преддефолтном состоянии биржи FTX

Криптовалютные компании Genesis, Crypto.com и BlockFi утверждают, что инцидент с биржей FTX не окажет существенного влияния на их детальность и активы пользователей.

2022-11-9 10:59


Топ-менеджеры из Galaxy Digital и Genesis запустят криптофонд на $500 млн

Группа руководителей из Galaxy Digital, Genesis и Convex Trading подали заявку в SEC на регистрацию DBA Crypto Fund I LP в объеме $500 млн. Компания еще не привлекла средства. Генеральными партнерами структуры стали сопредседатель отдела инвестиций Galaxy Digital Майкл Джордан, глава отдела деривативов Genesis Джошуа Лим, бывший вице-президент Genesis по трейдингу Рошун Патель, а также CEO и сооснователь Convex Trading Шейн Барратт.

2022-9-1 17:21


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Melania Trump Celebrates Bitcoin Despite Donald Trump Predicting An Ultimate ‘Crypto Explosion’

On Monday, the crypto community marked Bitcoin’s 13th anniversary since the Genesis Block in an event that saw Melania Trump marvel at Satoshi Nakamoto’s life-changing invention. Sharing a screenshot of Block 0, the first lady, who is now fast becoming a force to reckon with in the blockchain industry, shared her joy over the first block […]

2022-1-4 11:27