CRYPTOCURRENCY LENDER GENESIS FILES FOR BANKRUPTCY IN US COURT |1300 HKT | 0600 UKT | 27 January 2023

by Александр Пирогов | Jan 27, 2023 | Blog News

Genesis Global Holdco and two of its subsidiaries, Genesis Global Capital and Genesis Asia Pacific filed for bankruptcy in the Southern District of New York on 19 January. Genesis estimated that the company had more than 100,000 creditors. Its estimation of total...

US SEC REJECTS LISTING APPLICATION OF ARK 21SHARES BITCOIN ETF ON CBOE BZX |1300 HKT | 0600 UKT | 27 January 2023

by Александр Пирогов | Jan 27, 2023 | Blog News

US Securities and Exchange Commission (SEC) has again rejected the application to list the Bitcoin ETF on the equities exchange Cboe BZX, which is proposed to be jointly managed by ARK Investment Management and 21Shares. The first application was rejected in 2022....

DUTCH CENTRAL BANK FINES COINBASE $3.6 MILLION FOR REGULATORY BREACH |1300 HKT | 0600 UKT | 27 January 2023

by Александр Пирогов | Jan 27, 2023 | Blog News

De Nederlandsche Bank(DNB), the Dutch central bank, has reportedly fined the US-based crypto exchange Coinbase $3.6 million for failing to obtain the correct registration to provide services before it began to operate in the country. The central bank alleged that the...

MOODY’S IS REPORTEDLY DEVELOPING A SCORING SYSTEM FOR STABLECOINS |1300 HKT | 0600 UKT | 27 January 2023

by Александр Пирогов | Jan 27, 2023 | Blog News

Credit rating firm Moody’s Corporation, which provides credit ratings for listed crypto companies, is reportedly developing a scoring system for stablecoins. The system will analyse up to 20 stablecoins based on the quality of the attestations of stablecoin reserves,...

CONSENSYS WILL CUT 11% OF ITS WORKFORCE |1300 HKT | 0600 UKT | 20 January 2023

by Александр Пирогов | Jan 20, 2023 | Blog News

Ethereum software company ConsenSys announced on 18 January that it will lay off 96 staff, which represents 11% of its workforce. The company said it aimed to reduce operating expenses while increasing the strength and focus of product teams to adjust to challenging...

GENESIS MAY FILE FOR BANKRUPTCY AS SOON AS THIS WEEK|1300 HKT | 0600 UKT | 20 January 2023

by Александр Пирогов | Jan 20, 2023 | Blog News

Crypto lending firm Genesis Global Capital is reportedly planning for a bankruptcy filing as early as this week. According to the report from Bloomberg, the firm has previously warned of the possibility of a bankruptcy filing if it fails to raise funds amid a...