The lending firm claims it’s having “constructive conversations with creditors” and plans to resolve the situation without the need for a bankruptcy filing. Cryptocurrency lending company Genesis has refuted speculation that it is planning an “imminent” bankruptcy filing should it fail to cover a $1 billion shortfall caused by the fall of crypto exchange FTX....Continue Reading

Meanwhile, Ethereum users are sending encoded messages to the FTX hacker pleading for a share of funds. The hacker behind the theft of more than $447 million of crypto from the crypto exchange FTX has been again spotted moving their ill-gotten funds.  According to Etherscan data, between 4:11 to 4:17 pm UTC on November 21,...Continue Reading

The total crypto market cap has dropped under $800 billion, but data highlights a few reasons why some traders are bullish. The total cryptocurrency market capitalization dropped by 5% between Nov. 14 and Nov. 21, reaching a notable $795 billion. However, the overall sentiment is far worse, considering that this valuation is the lowest seen...Continue Reading

Though the mood among many who showed up in Austin was bullish, most commented on the collapse of FTX and the drop in the price of Bitcoin. Apparently, not everything is bigger in Texas. At least not in the days following a major crypto exchange declaring bankruptcy. The collapse of FTX and the ripples former...Continue Reading

The committee members, seemingly spurred to vigilance by the FTX debacle, do not see evidence of SoFi Digital Assets shaping up the way the Fed ordered. Chairman of the United States Senate Banking Committee Sherrod Brown and three other Democratic committee members sent letters Nov. 21 to federal officials and to Anthony Noto, president of...Continue Reading