Crypto Markets Today: Bitcoin Surges Above $22K, Genesis Has Over $5B in Liabilities
Bitcoin rose 6% to trade at $22,300. Ether was also trading up, by 5% to $1,640. Equities closed up.
Read MoreU.S. Lays Claim to $700 Million of Assets Linked to Bankman-Fried, FTX
The U.S. seized $700 million of former FTX CEO Sam Bankman-Fried’s assets and is now seeking their forfeiture.
Read MoreCrypto Lender Nexo to Pay $45M, Cease Offering EIP in Settlement With SEC
Nexo began offering its Earn Interest Product to U.S. customers in June 2020.
Read MoreTech Veteran-Backed Web3 Social Platform Plai Labs Raises $32M in Seed Round
The company, founded by former executives of gaming company Jam City and social platform Myspace, aims to combine Web3 and AI to create a unique digital social experience.
Read MoreWorld Economic Forum Wraps Up Davos 2023 With Sparks
The World Economic Forum’s annual meeting wrapped up with a fiery panel on the role of regulators in crypto, plus more from Davos, Switzerland.
Read MorePaxos Courts MakerDAO With Paying Yield for Holding Up to $1.5B USDP Stablecoin
The proposal by Paxos is part of MakerDAO’s effort to generate income on its $7 billion digital asset reserve.
Read MoreSolana Blockchain SOL Token Doubles From FTX-Crash-Induced Lows, but Will It Continue to Rebound?
SOL’s price has surged 114% so far this year, slowly recovering from losses from early November. Crypto traders and analysts are navigating the prospects for the Solana community.
Read MoreFirst Mover Asia: Bitcoin Returns to Its Winning Ways
ALSO: Shaurya Malwa writes about Singapore asset management firm Cobo’s initiative to introduce separate custodian, clearing and settlement services to crypto; Bitcoin’s price rises back past $21K.
Read MoreGenesis’ Crypto Lending Businesses File for Bankruptcy Protection
The collapse of FTX was the final straw for Genesis, which earlier this year suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund
Read MoreGenesis Owes Over $3.5B to Top 50 Creditors
Genesis has over 100,000 creditors between the of its companies that declared bankruptcy.
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