[ad_1]
Genesis files for bankruptcy, FTX explores reboot, Bitzlato news: Hodler’s Digest: January 15-21Crypto lender Genesis files for Chapter 11 bankruptcy
The FTX infection continues to spread across the crypto industry, with Genesis Capital filing for bankruptcy protection in New York, estimating liabilities in the $1 billion to $10 billion range, and assets at the same level. The Company is planning a dual track process, which will proceed with the sale, capital raising and/or offsetting transaction and enable the business to emerge under new ownership. Genesis derivatives, spot trading, broker-dealers and custody businesses were not included in the proceedings, according to the company. Trying to maintain liquidityGenesis Digital Currency Group, parent company, has suspended profit withdrawals.
Bitzlato and its founder are facing enforcement action from US authorities
US authorities have taken enforcement actions against crypto firm Bitzlato, taking over the company’s website and labeling it a major money laundering concern linked to illicit Russian financing. As part of the case, FBI officials arrested Russian citizen Anatoly Legkodimov in Miami. The criminal lawsuit alleges that the company was a critical financial resource to the Hydra darknet market, allowing users to launder money, including from ransomware attacks.
FTX CEO says he is exploring restarting the exchange
Iran and Russia want to issue a new stablecoin backed by gold
3AC founders and Coinflex teamed up to raise $25 million in exchange for new claims
The eyes of the $21.4 thousand area where analysts predict that the bitcoin price will chase gold
Silverjet reported a net loss of $1 billion in the fourth quarter of 2022
Nexo agrees to a $45 million settlement with the SEC and identifies Earn’s product
CoinDesk could be up for a cash grab as parent company DCG seeks funds
How to prevent AI from wiping out humanity with blockchain Cointelegraph Magazine
Crypto Freemason Death Threats from Maxis: Hall of Flames
The Metaverse is not the end game, but the ongoing digital transformation: Davos 2023
Subscription
The most attractive reads in the blockchain. Delivered once a week.
[ad_2]
Source link
