Genesis Global Holdco filed for bankruptcy protection late Thursday in U.S. Bankruptcy Court for the Southern District of New York. The news comes after the firm failed in a bid to raise cash for its troubled lending unit and cut 30% of staff in a fresh round of layoffs in early January. The firm to...
Nexo agreed to pay $45 million to federal and state agencies after being charged by the Securities and Exchange Commission for failing to register the offer and sale of its retail crypto asset lending product, called the Earn Interest Product. The lender will pay $22.5 million in penalties and agre...
Update: Former FTX CEO Sam Bankman-Fried responded on Twitter to John Ray III's plan to restart the exchange. "I'm glad Mr. Ray is finally paying lip service to turning the exchange back on after months of squashing such efforts! I'm still waiting for him to finally admit FTX US is solvent and give ...
Flashbots, an Ethereum infrastructure service, is in discussions with potential backers about raising up to $50 million at a billion-dollar valuation. The startup hopes to raise between $30 million and $50 million in equity investment at a $1 billion pre-money valuation, according to two people with...
Manila, Philippines, 19th January, 2023, ChainwireBlockchainSpace CEO and Founder Peter Ing, Metasports CBO and Co-Founder Lars Hernandez, and Metasports CEO and Co-Founder Joe Josue are optimistic that the majority acquisition of Metasports will make waves in Web3 and bring great value to their sta...
National Australia Bank (NAB) is launching a fully backed stablecoin called AUDN. The stablecoin will launch on the Ethereum network and Algorand blockchain, a smart contract platform similar to Ethereum. NAB plans to launch the stablecoin sometime mid-year. The stablecoin will be backed one-to-one ...
Crypto media outlet CoinDesk may pursue a full or partial sale to fuel future growth, CoinDesk confirmed to The Block. CoinDesk is seeking advisory services from Lazard, a firm specializing in mergers, restructuring and capital strategy, as the company explores a potential sale, The Wall Street Jour...
Genesis Global Capital creditors are negotiating a prepackaged bankruptcy plan with the firm, two sources familiar with the talks told The Block.  Creditors like the Winklevoss twins' Gemini would agree to a forbearance period — in most of the payments — of between one and two years under the prepac...
Rarible's customized NFT marketplaces are coming to Polygon. The NFT marketplace rolled out new services for NFT collection creators that will allow them to make their own customized marketplaces for free. Similar to services it already provides for ERC-721 and ERC-1155 NFTs, the move comes amid gro...
The founder of cryptocurrency exchange Bitzlato was arrested and charged with processing $700 million in illicit funds, part of the Justice Department's efforts to take down a "money laundering engine" which it says "fueled a high-tech axis of cryptocrime." Anatoly Legkodymov was arrested in Miami o...

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