Cryptocurrency 6 hours in the past (Jan 21, 2023 05:20PM ET)
Genesis recordsdata for chapter, FTX explores a reboot, and Bitzlato information: Hodler’s Digest: Jan. 15-21
Crypto lender Genesis recordsdata for Chapter 11 chapter
FTX contagions proceed to unfold by the crypto trade, with Genesis Capital submitting for chapter safety in New York, estimating liabilities within the vary of $1 billion to $10 billion, and belongings on the identical stage. The corporate plans a twin monitor course of, which is able to pursue sale, capital elevate, and/or an equitization transaction and allow the enterprise to emerge beneath new possession. Genesis’ derivatives, spot buying and selling, broker-dealer and custody companies should not included within the proceedings, in line with the corporate. In an effort to take care of liquidity, Genesis guardian firm Digital Foreign money Group suspended dividend withdrawals.
Bitzlato and its founder face enforcement actions from US authorities
United States authorities have taken enforcement actions in opposition to crypto agency Bitzlato, seizing the companys web site and labeling the enterprise as a major cash laundering concern linked to Russian illicit finance. As a part of the case, FBI officers arrested Russian nationwide Anatoly Legkodymov in Miami. The prison criticism claims the agency was a vital monetary useful resource for the Hydra darknet market, permitting customers to launder funds, together with these from ransomware assaults.
FTX CEO says he’s exploring rebooting the exchangeIran and Russia need to difficulty new stablecoin backed by gold3AC, Coinflex founders collaborating to boost $25M for brand new claims buying and selling trade eyes $21.4K zone as analyst predicts BTC value will chase goldSilvergate experiences $1B web loss within the fourth quarter of 2022Nexo agrees to $45M settlement with SEC and states over Earn productCoinDesk might be up for grabs as guardian firm DCG scrambles for fundsHow to stop AI from annihilating humanity utilizing blockchain Cointelegraph MagazineCrypto Masons loss of life threats from maxis: Corridor of FlameMetaverse not the endgame, however ongoing digital transformation: Davos 2023
Essentially the most partaking reads in blockchain. Delivered as soon as per week.
Proceed Studying on Coin Telegraph