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” Genesis calls in restructuring expert in its fight to avoid bankruptcy “ Cryptocurrency lending firm Genesis Global Capital has reportedly hired a restructuring adviser to explore all possible options that include, but aren’t limited to, a potential bankruptcy. It is understood that the firm has hired investment bank Moelis & Company to explore options,…
” Argentina’s fan token sinks 31% after World Cup loss against Saudi Arabia “ Argentina’s shock 2-1 loss to Saudi Arabia in the opening match of the FIFA World Cup has plummeted the price of the Argentine Football Association Fan Token (ARG), in line with the hopes of the nation’s die-hard soccer fans. With the…
” Core Scientific in ‘substantial doubt’ of continuing without more cash “ Bitcoin (BTC) miner Core Scientific has warned of “substantial doubt” they will be able to continue operations over the next 12 months given financial uncertainty. In its quarterly report filed with the United States Securities and Exchange Commission (SEC) on Nov. 22, the…
” Bitpanda secures crypto licence in Germany, claims to be the first “European retail” crypto investment platform to do so “ In an official blog post, Bitpanda announced that it has secured a crypto custody licence from the German financial authority, BaFin. Having obtained this licence, the Austrian-based crypto exchange can now legally market its…
” Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund “ Changpeng Zhao, chief executive officer of crypto exchange Binance, has denied a report claiming he met with investors in Abu Dhabi in an effort to raise cash for the company’s crypto recovery fund. According to a Nov. 22 report…
” Could a Grayscale Bitcoin Trust collapse be the next black swan event? Watch The Market Report “ On this week’s The Market Report show, Cointelegraph’s resident experts discuss what the ramifications would be if Grayscale Bitcoin Trust were to collapse. We start off this week’s show with the latest news in the markets: GBTC…
” House on a hill: Top countries to buy real estate with crypto “ The mainstream adoption of cryptocurrencies has brought immense potential to the fintech industry, and some of the capabilities have spilled over into the real estate market. Subsequently, the real estate sector is evolving to accommodate a new crop of investors who…
” CoinMarketCap launches proof-of-reserve tracker for crypto exchanges “ CoinMarketCap, a leading market researcher and tracker in the crypto industry, announced the launch of a new feature on its platform which allows users updated financial insights on exchanges. The proof of reserves (PoR) tracker audits active cryptocurrency exchanges in the industry for transparency on liquidity…
” Bitcoin will survive failure of ‘any giant’ in crypto, Samson Mow says “ The collapse of FTX has triggered a notable drop in the price of Bitcoin (BTC), but that in no case means that BTC can be destroyed by failing cryptocurrency firms, according to Bitcoin proponent Samson Mow. The cryptocurrency industry is still…
” Texas to probe FTX endorsements by Tom Brady, Stephen Curry and other celebs “ NFL quarterback Tom Brady and basketball point guard Stephen Curry are reportedly among the celebrities facing a probe from the Texas financial regulator over their promotion of the now-bankrupt crypto exchange, FTX. Joe Rotunda, director of enforcement at the Texas…