Genesis Completes Redemption of GBTC Shares, Buys 32K Bitcoins with Proceeds

2024-4-8 22:19

The company in February got permission from a New York bankruptcy court to sell approximately 36 million shares of Grayscale's Bitcoin Trust.

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Next Bitcoin Crash? Insight On Genesis’ $1.5 Billion GBTC Sale

The crypto community has been abuzz with discussions surrounding Genesis’ intent to sell approximately 36 million shares of Grayscale Bitcoin Trust (GBTC), a move valued around $1.5 billion. This announcement stoked fears of a potential market downturn, reminiscent of the apprehensions following the FTX bankruptcy estate’s sale of over $1 billion worth of GBTC. However, a […]

2024-2-14 14:30


BlockFi is bankrupt, where did it all go wrong?

BlockFi has become the latest firm to file for bankruptcy, citing “significant exposure” to FTX It has sued FTX to reclaim Robinhood shares which it alleges Bankman-Fried had pledged as collateral BlockFi bankruptcy was a longtime coming, with the firm rescued by a $400 million credit facility from FTX earlier this year Regulation simply must […] The post BlockFi is bankrupt, where did it all go wrong? appeared first on CoinJournal.

2022-11-29 18:24