Cryptocurrency Analysis and News Portal
Cryptocurrency lending firm Genesis Global Capital, a subsidiary of crypto conglomerate Digital Currency Group, is reportedly preparing to file for bankruptcy as early as this week.According to a Jan. 18 Bloomberg report, Genesis previously said it was considering a bankruptcy filing if it were unable to raise cash amid a
Read More
The details of the IPO have not been disclosed, but if Hesai proceeds with all the steps on time, it might be the first Chinese company to launch an IPO in the US this year. Hesai Technology, the Chinese leader in lidar technology for autonomous driving and ADAS, is planning to
Read More
A hearing on what happened to FTX is scheduled to take place on Tuesday. Source
Read More
Western Union may be preparing to offer crypto-related services, judging from trademark applications filed by the company last week. This is the latest of several attempts the company has made to enter the cryptoverse. So far, it has had limited success.Western Union filed for three trademarks on Oct. 18. According
Read More
“This is really how we resolve this, how we get out,” Oren Blonstein, Celsius’ chief compliance officer, told employees at the meeting. “What we do in this pivotal moment can be through unprecedented, really innovative solutions and this [plan] is one of them.” Original Source
Read More
LedgerPrime, which has $300 million to $400 million in assets under management, according to Seeking Alpha, would continue to operate independently but would only make investments on behalf of trading firm Alameda Research, which was started by FTX founder and CEO Sam Bankman-Fried. Source
Read More
Huobi’s native token HT declined about 6% following Bankman-Fried’s tweet. Source
Read More
TL;DR Ben Armstrong, also known as BitBoy Crypto warns his followers that he is planning something which will change the crypto industry forever. BitBoy Crypto is a Youtube influencer that has more than 1.5 million followers on his YouTube account. The controversial but well-known youtube crypto influencer Ben Armstrong, also known as
Read More
Crypto exchange FTX is reportedly in talks to acquire a stake in BlockFi after the company issued a $250 million credit to the lending firm.According to a Friday report from the Wall Street Journal, FTX is currently in discussions with BlockFi regarding the crypto exchange purchasing a stake in the
Read More
In April, United States-based retirement plan provider Fidelity Investments moved to allow 401(k) retirement savings account holders to invest directly in Bitcoin (BTC), the flagship cryptocurrency, making crypto a potential part of one’s savings for the future.A 401(k) is a retirement savings plan offered by many U.S. employers that give
Read More