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Genesis
FTX Fallout: Who’s Going Bankrupt Next?
Could Genesis be facing a fight for survival? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
First Mover Americas: Bitcoin Drops as FTX Fallout Spreads
The latest price moves in crypto markets in context for Nov. 22, 2022.
Genesis Bankruptcy Jitters Send Bitcoin to Fresh Low
The troubled crypto brokerage is in talks with potential investors for at least $1 billion in fresh capital, according to a Bloomberg report.
Bernstein Says Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global
If Genesis is forced to file for bankruptcy, creditors will have no claim on GBTC assets, the report said.
‘Grayscale Discount’ Widens to Record 43% as FTX Contagion Spreads
The added pressure comes after Genesis Global Capital – a corporate sibling to bitcoin trust manager Grayscale Investments – halted customer withdrawals from its lending unit this week.
Bitcoin Holds Steady Over $16K Amid Widening FTX Fallout
Bitcoin has been trading flat this week, even as more companies admit exposure to crypto exchange FTX, which has filed for Chapter 11 bankruptcy protection.
'Regulators Are Not Going to Save Us' After FTX Collapse: B2C2 Founder
B2C2 Founder Max Boonen argues that regulation is not the savior of crypto. "I believe much more in private market solutions," he adds, as the firm is offering to buy loans from Genesis' crypto-lending unit.
Rebuilding Trust in Crypto After FTX Collapse
In the wake of FTX's fallout, "Crypto is Macro Now" Economist Noelle Acheson argues that the industry had a lot of singular trust in Sam Bankman-Fried despite being built on the principle of decentralization. Acheson joins "First Mover" to discuss what it will take for crypto to gain trust again and she reacts to Genesis' crypto lending arm pausing customer withdrawals.
Prominent Crypto Market Maker B2C2 Offers to Buy Loans From Genesis' Crypto-Lending Unit
Market maker B2C2 is offering to buy loans from the crypto-lending unit of Genesis, as it pauses redemptions and new loan originations in the wake of FTX’s collapse. Genesis is a sister company of CoinDesk. B2C2 founder Max Boonen discusses the offer, lessons learned, and outlook for the crypto markets as the FTX fallout continues to ripple across the industry.