Stellar Foundation Nicked by Genesis Bankruptcy With $13M Claim
The Stellar Development Foundation was revealed to be among the bankrupt crypto lending desk’s largest creditors.
Stellar Foundation Nicked by Genesis Bankruptcy With $13M Claim
The Stellar Development Foundation was revealed to be among the bankrupt crypto lending desk’s largest creditors.
EXPLAINER: Crypto markets
The current cryptocurrency market is performing poorly, weathering what market watchers are calling a crypto winter. However, interest in the currency...
Bitcoin Soars Over $22K to Reach Four-Month High
Bitcoin rose over 5% and reached its highest level since mid-September. Market watchers will be eyeing the Federal Reserve’s next utterances.
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"One of the things that the debtors have been facing generally in these cases is assault by Twitter," said a lawyer for FTX.
Bankman-Fried's lawyers say car hit barricade outside home
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Crypto Billionaire, Ripple Founder Jed McCaleb’s Nonprofit Lent Money To Genesis
The Stellar Development Foundation, a nonprofit organization created by Jed McCaleb in 2014, is owed $13.2 million by Genesis, the bankrupt crypto lending firm.
FTX Judge Backs Firm’s Lawyers, Rejects Last Minute ‘Rumors’
(Bloomberg) -- The judge overseeing the bankruptcy of FTX Group refused to replace the law firm handling the failed crypto company’s Chapter 11 case...
Moody’s Further Downgrades Coinbase Junk Bonds, Joining S&P
The ratings agency cited Coinbase’s weakened revenue and cash flow generation potential due to the ongoing crypto winter as reasons for the move. S&P downgraded the company earlier this month.
Bad Vibes from the Word 'Crypto' Have Some Calling for a Rebrand
Money-making associations with cryptocurrencies misrepresent them as just currencies and fail to acknowledge the diverse applications of the technology.
What's Next for Genesis Creditors? It Depends on What's in the Bankruptcy Filing
Eric Snyder, partner at Wilk Auslander LLP, says that a substantial amount of haircuts are likely to be made, but that depends on the petition Genesis’ trio of companies filed.
Crypto Lender Genesis Files For Chapter 11 Bankruptcy
The embattled crypto lender has filed a slew of voluntary bankruptcy notices in order to restructure itself.
