Genesis Trading Claims $175M Of Funds Are Locked In FTX
The most recent company to declare exposure to FTX is Genesis Trading and it may seek assistance from its parent company. Genesis Trading, the market maker and lending arm of Digital Currency Group, disclosed that its derivatives business has about $175 million in funds stashed away in an FTX trading account in what it describes […]
Digital Currency Group Grants Equity Infusion To Genesis
Genesis said earlier that it has about $175 million in locked funds in its FTX trading account for its derivatives business. Digital Currency Group, a crypto investor, is giving $140 million in new stock to one of the companies it owns, Genesis Global Trading. “While recent market events haven’t affected how our lending and trading […]
How to find and learn from top crypto influencers
Influencers to a great extent determine the adoption of a particular good or service, this is also the same for the crypto industry. We will be looking at crypto influencers, who they are, and how to find and learn from them in this article. Top crypto influencers are members of the blockchain community of cryptocurrency […]
Singapore MAS Works With New York Fed To Explore CBDCs
The collaborative effort of MAS and NYIC aims to evaluate the potential use of wholesale CBDCs in international trade. A joint experiment with wholesale central bank digital currencies will be launched by the Monetary Authority of Singapore (MAS) and the New York Innovation Center (NYIC) of the Federal Reserve Bank of New York. The potential […]
Ross Stevens Warns Against Non-Bitcoin Crypto Investment
Ross Stevens said that NYDIG has always turned down chances to work with companies like FTX, Three Arrows, BlockFi, Celsius, and others like them. “Life is too short to do anything other than work with people you like, trust, and would be ferociously proud to be in a foxhole with when the bullets are flying,” […]