Bitcoin (BTC) fell to intraday lows after the Nov. 16 Wall Street open as the FTX scandal appeared to claim another victim. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Genesis Trading ...
Tag: Genesis
Tether Admits To Have Zero Exposure To Genesis Global
58 mins ago | 2 mins read Altcoin News Tether confirms that it has no exposure to Genesis amid the withdrawal halt. Tether announced on November 16 that they are striving hard to increase transparency...
Genesis Global halts withdrawals citing ‘unprecedented market turmoil’
According to a new tweet by Genesis Global on Nov. 16, the institutional crypto lender said it would “temporarily suspend redemptions and new loan originations in the lending business.” In explaining ...
Winklevoss’s Gemini Earn Holds Withdrawals Following Genesis
Yuri Molchan Earn program of Gemini exchange says it will not be able to deliver on its SLA redemptions for customers Disclaimer: The opinion expressed here is not investment advice – it is provided f...
Binance’s CZ Might Acquire Genesis Loan Book
According to reports, CZ — the founder of the world’s biggest cryptocurrency exchange is interested in buying Genesis’ loan book. After showing interest in buying FTX but later backing out within 24 h...
Crypto lending unit Genesis is halting customer withdrawals – crypto.news
According to the latest reports, crypto brokerage Genesis suspends redemptions at its lending unit. The organization says that abnormal withdrawal requests cause that halt in the wake of the bankrupt ...
Genesis Global Capital Suspends Withdrawals and Granting Loans
The crypto lending division of Genesis Trading, Genesis Global Capital, has temporarily paused its withdrawal and loan origination services as it faces “abnormal withdrawal requests” in the wake of th...
Genesis Suspends Customer Withdrawals In Wake Of FTX Collapse
Following the collapse of FTX, the lending division of cryptocurrency investment bank Genesis Global Trading, has temporarily stopped redemptions and initiating any new loans as per the Interim CEO De...
Coinbase says it has no exposure to Genesis, touts ‘strong capital position’
Due to the chain reaction of events following the FTX collapse, the leading exchange Coinbase felt the need to clarify that it has a ‘strong capital position’ amid market turmoil, and has zero exposur...
Crypto firms rush to allay Genesis contagion fears as stocks crater
Crypto-related stocks plunged as Genesis became the latest victim of the FTX fallout. Bitcoin was trading at $16,593, up 0.7% from $16,479 earlier in the day. Ether gained a modest 0.5% to trad...
Crypto Lending Arm of Genesis Suspends Withdrawals
8 hours ago | 2 mins read Defi News Genesis will go into further depth about its strategy with clients next week. Its derivatives division has around $175 million stashed up in its FTX trading account...
Institutional Crypto Lender Genesis Trading Halts Withdrawals, Citing 3AC and FTX Collapse
An institutional crypto brokerage is halting customer withdrawals, citing the downfalls of Three Arrows Capital (3AC) and FTX. In a recent announcement, blue-chip crypto lender Genesis says that while...
Grayscale Declares ‘Business as Usual’ Despite Sister Company Genesis Global Capital Suspending Withdrawals
Genesis Global Capital, the lending arm of crypto investment bank Genesis Global Trading, announced the suspension on Wednesday in response to “extreme market dislocation and loss of industry co...
Genesis Debt Entices Market Maker B2C2
Genesis’ crypto lending division paused redemptions on more than $2 billion of loans just this morning in New York. And fellow lender B2C2 is already looking to profit from the firm’s plight. It’s no...
Gemini Recovers From Services Outage Following Genesis Withdrawal Freeze
Gemini – the crypto exchange founded by the Winklevoss twins in 2014 – experienced sweeping service disruptions shortly after Genesis froze customer withdrawals on Wednesday. The firm later clarified...
Genesis Global Capital suspends redemptions, with impact spreading to Gemini
Genesis Global Capital, the lending business of Genesis Trading, temporarily suspended redemptions and new loan originations in the wake of FTX’s recent collapse and the earlier Three Arrows Cap...
Binance’s CZ Looking Into Acquiring Genesis Loan Book: Source
By Jon Rice / November 16, 2022, 11:46 am EST It started with CZ. It might end with CZ. The founder of Binance, the world’s largest cryptocurrency exchange, is reported to be interested in acquiring G...
FTX Contagion Reaches Genesis And Grayscale, Are GBTC, ETHE Next FTT?
Crypto brokerage firm Genesis Trading facing potential solvency issues. A call with creditors is scheduled at 8 AM EST in which Genesis may explain the current situation, FTX exposure, and relations w...
Crypto lender Ledn says it has no exposure to Genesis
Canadian crypto lender Ledn said it has no exposure to Genesis Global Capital and is fully operational after the latter paused withdrawals. Genesis Global Capital, which is suspending withdrawal...
A timeline of Genesis Trading halting crypto withdrawals
Genesis Global Capital, the cryptocurrency lending arm of Genesis Global Trading, has shut down withdrawals amidst the FTX and Alameda Research collapse. On a Wednesday morning call, Genesis Global Tr...
Grayscale and Binance Confirm Not Affected By Genesis Decision to Halt Withdrawals
– Advertisement – Grayscale And Binance Assure Users of Funds Safety. Grayscale has assured clients of the safety and security of their funds amid the panic triggered by the FTX implosion ...
Crypto Lender Genesis Halts Operations Due To FTX Impact
According to an official announcement, Crypto lending firm Genesis is halting new withdrawal requests from its customers. The firm is a victim of the collapse of the crypto exchange FTX and is one of ...
Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations – Bitcoin News
Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive of...
Circle Yield Reduced to Zero, Gemini Earn Paused as Genesis Contagion Spreads
Circle, Gemini, Luno and Hut 8 Mining are among major crypto companies with exposure to digital currency prime broker Genesis, which has halted customer redemptions and new loan originations within it...
Genesis’ crypto-lending unit halts customer withdrawals
Genesis’ crypto-lending unit has announced that they are currently halting all customer withdrawals as a result of the FTX collapse. Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wak...
FTX Contagion: Genesis and Gemini Hit in Crypto Chaos
Key Takeaways Genesis has paused its crypto lending business, citing “extreme market dislocation” caused by FTX’s collapse. Crypto exchange Gemini has also halted withdrawals from its Earn progr...
Genesis Trading And Grayscale To Get Insolvent After FTX ?
Crypto Live News Author: Delma Wilson Nov 16, 2022 16:31 Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play...
Genesis halting customer withdrawals after FTX, 3AC collapses: CoinDesk
Genesis is temporarily suspending withdrawals and new loan originations, after it took large hits from Three Arrows Capital and FTX. Genesis will continue to offer over-the-counter trading for s...
Genesis Halts Withdrawals for its Lending Arm Following FTX’s Collapse
Crypto brokerage firm Genesis Global Trading has paused withdrawals for its lending business, which has been impacted by the FTX crisis. The company blamed large withdrawals from customers due to the ...
Genesis Trading’s lending unit halts customer withdrawals
Genesis Global Capital, the lending arm of digital assets platform Genesis Trading, has halted all redemptions as well as loan originations, parent company Digital Currency Group announced on Wednesda...