Digital Currency Group Owes Subsidiary Genesis Global Over $1.65B
The crypto finance firm filed for Chapter 11 bankruptcy yesterday, with debts around $3.5 billion. Source
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Global
Crypto Lender Genesis Global Capital Is FTX’s Largest Unsecured Creditor
The names and information of most of the other top 50 creditors remain redacted, but the twelfth-largest unsecured creditor is listed as Hong Kong-based crypto trading firm Pulsar Global Ltd, with a claim of $92.9 million, while individual creditor Larry Qian is 14th with a claim of $91.1 million. Another
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Genesis Global Files for Bankruptcy Protection
Today's bankruptcy filing could have broader implications for bitcoin as Genesis and digital assets manager Grayscale share the same parent company in DCG. Grayscale operates the Grayscale Bitcoin Trust (GBTC), which has $10 billion-plus in assets under management and was late last year trading at a record discount to net
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WEF Unveils Global Collaboration Village Metaverse Platform – Metaverse Bitcoin News
The World Economic Forum (WEF) has announced the rollout of the Global Collaboration Village, its own metaverse platform, for this year. Klaus Schwab, chairman of the WEF, plans to leverage this representation of Davos to allow people and leaders to meet in virtual worlds and coordinate global collaboration efforts efficiently. WEF
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U.K. Associations See Electronic Trade Document Bill as a Great Local and Global Opportunity
Chris Southworth, Secretary General of the International Chamber of Commerce, said the bill could have an impact globally. It is a £1.2 trillion opportunity for the Commonwealth, an association consisting of 56 countries, he claimed, calling the proposed law "a template," and one that could facilitate talks with countries like
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Crypto Brokerage Genesis Global Capital May Be Nearing Bankruptcy Filing: Reports
Genesis had previously halted customer withdrawals following FTX's epic collapse. Original Source
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CFTC commissioner calls for global industry standards in crypto regulation
Caroline Pham, the Commodity Futures Trading Commission (CFTC) commissioner, has recently called on regulators to provide clearer guidance on crypto assets in 2023. In an interview with Bloomberg, Pham mentioned that discussions with global players over crypto regulations are ongoing. The government official said many foreign discussions are currently happening about global
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11th Global Blockchain Congress by Agora Group on March 6th & 7th in Dubai, the UAE
Place/Date: Dubai, The UAE - January 16th, 2023 at 5:20 pm UTC · 2 min read Contact: Agora, Source: Global Blockchain Congress Agora is hosting its 11th Edition of the Global Blockchain Congress on March 6 and 7, 2023 in Dubai, The UAE.The theme of this edition is:
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Market Share Increases by 3% Among Global Crypto Assets – Market Updates Bitcoin News
Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto market dominance jumped from 18.4% to its current 19%
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Coinbase to close majority of Japan operations following global layoffs: Report
Crypto exchange Coinbase will be closing down most of its operations in Japan as part of its efforts to survive in the bear market. The move is part of the company’s restructuring plan and follows the recent announcement that it would reduce its employees by 20%. In an interview with BNN Bloomberg,
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