Cryptocurrency Analysis and News Portal
Genesis conducted the latest staff cut after the company informed clients about “reducing costs and driving efficiencies” amid challenging times for many crypto firms.With fingers crossed on what the crypto economy is this year, Genesis Global Trading recently dismissed more staff. This came after the company laid off 20% of
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Crypto lending platform Genesis Global Trading has reportedly cut 30% of its workforce in its second round of layouts in six months.According to a Jan. 5 Wall Street Journal report, Genesis reduced its staff by 30% following the platform suffering losses from loans to Alameda Research and Three Arrows Capital.
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ALSO: Bitcoin rose and most other, major cryptocurrencies spent much of Wednesday in the green. Source
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Derar Islim, interim CEO of crypto market maker and lender Genesis, has sent a letter to clients updating them on the company’s efforts to prop up its finances and resume withdrawals and new lending. The letter, sent on Jan. 4, comes two days after a Twitter exchange between Barry Silbert,
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Bitcoin blocks have changed a lot since 2009. They contain thousands of transactions, instead of one. They take 10 minutes to mine. Miners are rewarded with 6.25 BTC, after three “halvings” of the reward, which occur roughly every four years on a predetermined schedule. As of December 2022, there were
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Three Gemini Earn users have accused Genesis Global Capital of breaching a contract and have subsequently filed a demand for class arbitration with the American Arbitration Association. In addition, the three users assert that all transactions “constituted unregistered sales of securities” and therefore must be rescinded. ‘A Sham Transaction’ A demand
Read More“Fiat lux”, said God, having created heaven and earth, which was filled with darkness. And then, there was light. At least, that’s what the Holy Bible tells us. Translated to English, this Latin phrase means “let light be made.”For Christians, who much of the global population, these words mark
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