Page 2151 – Stay sly and hodl

Genesis Owes Over $3.5B to Top 50 Creditors

Genesis has over 100,000 creditors between the of its companies that declared bankruptcy.

Cameron Winklevoss Threatens Legal Action Against DCG CEO After Genesis Bankruptcy

The Gemini CEO has been involved in a weeks-long public spat with DCG over the repayment of a $900 million loan.

Bitcoin, Ether Hold Steady After Genesis’ Bankruptcy, Crypto Traders Say Bad News Was Priced In

The path of least resistance for crypto is on the higher side, one observer said, drawing attention to bitcoin’s tendency to carve out double-digit gains during the Chinese New Year

Binance Named as Counterparty in FinCEN Order Against Bitzlato

Binance, the world’s largest crypto exchange was named as a counterparty in a FinCEN order against little-known cryptocurrency exchange, Bitzlato.

Ether, Bitcoin Long Traders See $110M Liquidations on Bitzlato Induced Volatility

Over 76% of all traders betting on the market’s growth were liquidated yesterday, only for prices to recover slightly on Thursday.

OKX Publishes Proof-of-Reserves Report Showing $7.5B in ‘Clean Assets’

Report shows reserves are largely spread between bitcoin, ether, and USDT.

Fireblocks Enlists Crypto Insurance Firm Coincover for Third-Party Key Recovery Service

Coincover said Fireblocks customers can rely on fixed processes and a standard service level agreement.

Circle Ventures Backs $4M Round for Blockchain-Based Debt Provider Obligate

The startup, formerly known as FQX, lets companies raise money through debt securities.

National Australia Bank Becomes Second Australian Bank to Build Stablecoin

The National Australia Bank (NAB), one of the four biggest Australian banks, has created a stablecoin called AUDN.

Crypto Lawyers Share Blame for FTX, Other Disasters, CFTC Commissioner Says

Lawyers, accountants and other financial professionals should have stepped in to halt the fatal mistakes going on inside crypto firms such as FTX long before they imploded, said Christy Goldsmith