Crypto Lender Genesis Files for US Bankruptcy Amidst Market Decline

Crypto Lender Genesis Files for US Bankruptcy Amidst Market Decline

Genesis, the US-based crypto lender that was struggling to keep up with the financial challenges posed by the ongoing crypto winter, filed for bankruptcy on Thursday in the Southern District of New York. The company had announced it was halting withdrawals in November, after the crypto slump intensified, following the dramatic downfall of the FTX … Read more

Binance’s Acquisition of Voyager Digital Could Be Delayed by US Review

Binance’s Acquisition of Voyager Digital Could Be Delayed by US Review

Binance’s $1 billion (roughly Rs. 8,275 crore) acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a US national security review, according to a Friday bankruptcy court filing. The crypto exchange’s US-based affiliate Binance.US intends to buy Voyager’s crypto lending platform with a bid that includes $20 million (roughly Rs. 165 … Read more