Currencies
FTX recruited customers in Africa by signaling that crypto would protect them from soaring inflation, report says
14 days ago | By Business Insider
FTX. NurPhoto/Getty Images
FTX promoted itself in Africa by signaling crypto would shield people's money from inflation, according to the Wall Street Journal.
Many African currencies plummeted last year as the Federal Reserve's interest-rate hikes pushed the dollar higher.
FTX also hosted exclusive events and offered African a $5 sign-up bonus, the WSJ reported.
FTX promoted its exchange in Africa by signaling that investing in crypto could help stop people's money being devalued by high inflation, according to the Wall Street Journal. The crypto group reportedly pitched itself to...
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Crypto brokerage Genesis files for bankruptcy
14 days ago | By RT
The collapse of the FTX exchange in late 2022 was the final nail in the coffin for the firm's crypto lending business
Crypto lender Genesis, an industry pioneer and digital currency prime brokerage, filed for US bankruptcy protection from creditors late on Thursday. It is the third major collapse to hit the crypto industry since last year.
Genesis Global Holdco, and its subsidiaries Genesis Asia Pacific Pte and Genesis Global Capital filed three separate petitions in Manhattan federal court. All three fall under the umbrella of Digital Currency Group which also owns crypto news outlet...
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Crypto Giant Genesis Files For Bankruptcy As Casualties Mount After FTX Collapse
14 days ago | By Forbes
Cameron Winklevoss threatened to sue Genesis parent company Digital Currency Group and its CEO Barry Silbert to recover some $900 million he claims it owes customers of his crypto platform Gemini.
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Crypto lender Genesis files for bankruptcy as the fallout from FTX's collapse continues
14 days ago | By Business Insider
Crypto giant Genesis filed for bankruptcy on Thursday. (Photo illustration by Jonathan Raa/NurPhoto via Getty Images)
Crypto lender Genesis filed for bankruptcy Thursday, the latest fallout from FTX's collapse.
The parent company of Genesis, Digital Currency Group has been battling liquidity issues.
Bankruptcy documents show Genesis has more than 100,000 creditors, with liabilities up to $11 billion.
Crypto lender Genesis Global Holdco filed for bankruptcy protection Thursday, the latest firm to fall victim to the past year's rout in digital assets and the repercussions of FTX's collapse...
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The tycoon often said the Adani Group's goals were in lock step with India's needs. Now, the company's fortunes are crashing, a collapse whose pain will be felt across the country. Read more ...
Advisory Firm Sues Elon Musk's Twitter, Saying It Hasn't Been Paid
Innisfree M&A says Twitter, which Elon Musk bought last year, has not paid it $1.9 million for services it rendered for the deal. Read more ...
WWE SmackDown Results: Winners And Grades As Sami Zayn Challenges Roman Reigns
SmackDown results with fallout between Roman Reigns and Sami Zayn from Royal Rumble 2023. Read more ...
AAR: January Rail Carloads Increased and Intermodal Decreased Year-over-year
From the Association of American Railroads Rail Time Indicators. Graphs and excerpts reprinted with permission. U.S. rail traffic started January 2023 with both discouraging... Read more ...
Mr. Powell, Drop The Sledgehammer And Start Innovating
Worldwide, we need affordable capital to develop technologies that address our climate crisis, and to meet the demand for housing, food & water as the world population grows... Read more ...
New California oil well ban put on hold for voters to decide
SACRAMENTO, Calif. - California's new law banning new oil and gas wells near homes, schools and other community sites has been put on hold until after voters decide next year... Read more ...
Brazil's Jair Bolsonaro addressed right-wing activists at Trump resort in...
Far-right former Brazilian President Jair Bolsonaro speaks during the Turning Point USA event at the Trump National Doral Miami resort on February 03, 2023 in Doral, Florida... Read more ...
Soon-to-open Ojos Locos offers preview of new look
The rebranded Lucky Club in North Las Vegas has 280 new slot machines, a sports cantina with 90 TVs, a massive bar and a William Hill sportsbook. Read more ...
The green comet and Mars will appear side-by-side next weekend. Spot them...
Comet ZTF, as photographed on January 18, 2023. Dan Bartlett A green comet and Mars will appear side-by-side in the night sky on February 10 and 11. It's a good opportunity to... Read more ...
Girls' flag football is so buzzy that California just made it a high school...
The game's popularity is soaring amid a push to get more female athletes on the field. Read more ...