genesis

Crypto Lender Genesis Files for US Bankruptcy Amidst Market Decline

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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

Genesis, Huobi Resort to Staff Layoffs as Market Pressure Continues to Intensify: Report

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Genesis, Huobi Resort to Staff Layoffs as Market Pressure Continues to Intensify: Report

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