2022-12-8 12:34 |
Genesis, a US-based crypto lending platform, informed its customers that withdrawals might be halted for weeks while it develops a plan to avoid potential bankruptcy. origin »
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Cryptocurrency broker Genesis has once again suspended withdrawals amid ongoing challenges
2023-10-12 20:38 | |
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Key Takeaways Genesis Capital have become the latest firm to get caught up in the crypto crash, suspending withdrawals yesterday Gemini soon followed, suspending withdrawals on their Earn product These are all yield -earning services, however – very different from FTX FTX’s biggest transgression was masquerading as an exchange while acting as a hedge fund, […] The post Are your funds safe? Crypto lending platforms continue to fall appeared first on CoinJournal.
2022-11-17 15:19 | |
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Genesis Global Capital, the crypto lending unit for crypto investment bank Genesis Trading has decided to halt withdrawals in the wake of the FTX collapse. On Wednesday morning, Genesis held a 7-minute call with customers informing them that withdrawal requests for Genesis Capital had exceeded their liquidity capital.
2022-11-17 12:21 | |
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The widening fallout from FTX, now includes Genesis Global Capital's decision to pause withdrawals. Could TradFi be swept up next in the crisis?
2022-11-17 05:38 | |
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The biggest news in the cryptoverse for November 16 includes Gemini halting withdrawals on its Earn program, Coinbase saying it has zero exposure to Genesis Trading, and Messari estimating that FTX investors may get back up to 50% of their funds after bankruptcy process.
2022-11-17 01:15 | |
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The crypto-lending platform has assured customers that their funds are safe after Genesis’ Crypto-Lending Unit Halted Customer Withdrawals in the wake of the FTX Collapse. The company made this announcement on Twitter on November 16, 2022. Nexo says funds are…
2022-11-17 22:45 | |
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U. S leading crypto exchange, Gemini, says redemption of EARN products is being delayed after its partner in the product, Genesis Global, paused withdrawals on its borrowing platform amid the crypto liquidity crisis.
2022-11-16 20:30 | |
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FTX’s collapse is still causing reverberations across the crypto market, with the latest crypto news being Genesis’s lending business halting customer withdrawals. Kyle Bass, the founder and CIO of Texas-based asset management firm Hayman Capital Management, says FTX’s collapse could just be the beginning of even more turmoil and failures in the crypto sector.
2022-11-17 19:31 | |
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The lending arm of the crypto financial firm Genesis halted customer withdrawals earlier Wednesday, citing the impact of the collapse of FTX.
2022-11-16 19:29 | |
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Grayscale said that "Genesis Global Capital is not a counterparty or service provider for any Grayscale product."
2022-11-16 18:55 | |
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Genesis Global Capital, the lending arm of digital assets platform Genesis Trading, has halted all redemptions as well as loan originations, parent company Digital Currency Group announced on Wednesday morning.
2022-11-17 17:46 | |
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Earn program of Gemini exchange says it will not be able to deliver on its SLA redemptions for customers
2022-11-17 17:31 | |
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Earn program of Gemini exchange says it will not be able to deliver on its SLA redemptions for customers
2022-11-16 17:31 | |
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The troubled firm is also acting as the liquidity provider of Grayscale Bitcoin Investment Trust.
2022-11-17 17:29 | |
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Genesis has halted redemptions as well as new loan originations at its lending arm
2022-11-16 16:22 | |
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The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.
2022-11-16 16:00 | |
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Crypto prices continue their downward slide as major players Genesis Global and BlockFi halt withdrawals in response to the FTX contagion.
2022-11-17 14:00 | |
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By sports bets and odds offering, 1X2 Coin Sportsbook is, without doubt, one of the biggest crypto sportsbook in the world, covering more than 15 sports, 10000 leagues, 200000 and more teams and individual competitors.
2019-6-5 15:27 | |
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The total size of the crypto lending market fell to $36.5 billion in Q4 2024, down more than 40% from its all-time high in late 2021. The crypto lending market remained far from its former highs at the end of…
The Securities and Exchange Commission is facing criticism for its recent filing on the FTX bankruptcy, echoing its controversial approach in the Voyager case. In a recent filing, the SEC warned the FTX estate that it may oppose plans to…
Bankrupt firm Voyager Digital has announced that it has successfully recovered $484.35 million from FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance settlements. The announcement on April 10 was part of a comprehensive status update to the United States…
Co-founder of Voyager Digital Stephen Ehrlich faces charges from the Commodity Futures Trading Commission for alleged fraud and failing to register with the agency.
The legal action followed reports staff at the CFTC had completed an investigation concluding Stephen Ehrlich violated U.S. derivatives regulations.
The simple business model of making money on the spread between lending and interest paid to users seems sound, especially if the loans are over-collateralized and issued to trustworthy parties. The practice of lending can be traced back over 5,000 years to 3000 BC in ancient Mesopotamia; cryptocurrency lending is just an evolution.
The U. S. Commodity Futures Trading Commission (CFTC) investigators have determined that Stephen Ehrlich, a co-founder of Voyager Digital, violated derivatives regulations before the company’s bankruptcy last year, Bloomberg reported on Oct.
