Dive into the tech & future
Last year’s crypto winter left investors and players in the industry high and dry. In the aftermath of 2022’s crypto quake, majority of the potential institutional investors are now fearful about engaging with virtual digital assets. In its new survey, JP Morgan has found out that 72 percent of institutional e-traders are now sceptical about … Read more
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
Two crypto firms — Genesis and Huobi — have grabbed the attention of the crypto community, after reportedly decided to cut down on their respective work forces. Genesis is a crypto-lending platform whereas Huobi is a crypto exchange platform. The companies are evidently trying to cut the cost around their business operations in the midst … Read more