Crypto Lender Files Genesis Trading for Bankruptcy Protection

Cryptocurrency lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the latest casualty in the industry contagion caused by the collapse of FTX and a crippling blow to the business at the heart of Barry Silbert’s crypto conglomerate. The company listed more than 100,000 creditors in a “massive” bankruptcy … Read more

Collapse of Stable Currencies May Spread to US Bond Market: Academic

The $1.4 trillion cryptocurrency market crash in 2022 did not affect traditional assets such as stocks or the real economy. But an academic warned that the failure of a major stablecoin could have an impact on the US bond market, pointing to a potential new area that investors need to watch as contagion continues to … Read more