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Latest from Zack Seward
The Final Straw for Genesis; Gemini’s Cameron Winklevoss Threatens to Sue DCG's CEO
"The Hash" group discuss today's top stories: Genesis Global Holdco LLC, the holding company of troubled cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection in New York after being pummeled by two of 2022's biggest industry collapses. Both Genesis and CoinDesk are owned by the Digital Currency Group. Plus, the latest leadership confirmation at one of the largest crypto exchanges, Huobi.
FTX Token Surges as New FTX Head Reportedly Says Crypto Exchange Could Be Revived
"The Hash" hosts discuss today's top headlines, including new FTX CEO John J. Ray III telling the Wall Street Journal the company is exploring the possibility of restarting the bankrupt crypto exchange. “Everything is on the table,” Ray told the Journal. “If there is a path forward on that, then we will not only explore that, we’ll do it.” Plus, an update on crypto rapper Heather Morgan AKA "Razzlekhan" and her reported plans to take on a new job while under house arrest.
Coinbase Halting Operations in Japan; ConsenSys Confirms Job Cuts
"The Hash" hosts discuss the top headlines moving the markets today, including Ethereum development company ConsenSys cutting 97 jobs, confirming, for the most part, a report by CoinDesk last week. This comes as cryptocurrency exchange Coinbase said it is halting its operations in Japan, citing "market conditions" and confirming earlier reports that it would close shop in the country.
196 Lawmakers Received Donations from FTX Execs; Bank of America's Predictions on Future of CBDCs
More than one in three of the 535 senators and representatives in the U.S. Congress showed up to the new session with FTX baggage, having received campaign support from one of the senior executives of the fraud-ridden crypto giant. Plus, central bank digital currencies (CBDCs) and stablecoins are the natural evolution of money and payments, according to a new Bank of America research report.
Scaramucci Invests in Former FTX.US President's New Venture; Binance's Latest Moves
"The Hash" team discuss today's top stories, including Anthony Scaramucci noting in a tweet that he's an investor in former FTX.US President Brett Harrison's new company. This comes as The Block is reporting that 3AC founders Su Zhu and Kyle Davies are looking for funds to launch a new crypto exchange. Plus, Binance will allow institutional investors to keep their collateralized crypto used for leveraged positions off the platform.