Cryptocurrency

Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert's DCG empire

Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert’s DCG empire

Barry Silbert, Founder and CEO, Digital Currency Group David A Grogan | CNBC Crypto lender Genesis filed for Chapter 11 bankruptcy Thursday night in Manhattan federal court, the latest victim of the industry contagion caused by the collapse of FTX and a crippling blow to a company once at the heart of Barry Silbert’s digital …

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Binance was the final destination for millions of funds from Bitzlato, the exchange was shut down for alleged money laundering

Binance was the final destination for millions of funds from Bitzlato, the exchange was shut down for alleged money laundering

Binance is the largest crypto exchange in the world, handling billions of dollars in trading volumes daily. STR | NurPhoto via Getty Images On Wednesday, federal prosecutors unveiled an indictment against a little-known crypto exchange called Bitzlato, alleging that it facilitated the laundering of $700 million in tainted crypto linked to the now-shutdown dark web …

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Genesis to file for bankruptcy in 'major' US cryptocurrency move - live

Genesis to file for bankruptcy in ‘major’ US cryptocurrency move – live

Crypto Outlook at the World Economic Forum Sign up to our Evening Headlines email for your daily guide to the latest news Sign up for our free US Evening Headlines email Cryptocurrency firm Genesis Global Capital plans to file for bankruptcy as early as this week, Bloomberg reported today. The bankruptcy filing has been expected …

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New year, new rally: Why bitcoin is up 26% this month after a tumultuous 2022

New year, new rally: Why bitcoin is up 26% this month after a tumultuous 2022

Analysts say a number of factors are driving bitcoin’s New Year rally, including an increased likelihood of lower interest rates and buying by large buyers known as “whales.” Filip Radwanski | Sopa Pictures | Light flare | Getty Images Bitcoin started 2023 on a high note, with the price of the world’s largest digital token …

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Scaramucci sees bitcoin between $50,000 and $100,000 in 2-3 years as the market hopes for a bull run

Scaramucci sees bitcoin between $50,000 and $100,000 in 2-3 years as the market hopes for a bull run

After a tumultuous 2022, crypto investors are trying to figure out when bitcoin’s next bull run might take place. Last week, at a crypto conference in St. Moritz, Switzerland, CNBC spoke with industry insiders who painted a picture of 2023 as a year of caution. Bitcoin should trade in a range, be sensitive to macroeconomic …

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From 'Bitcoin Billionaires' to SEC Accusations: A Brief Crypto History of the Winklevoss Twins Cryptocurrency

From ‘Bitcoin Billionaires’ to SEC Accusations: A Brief Crypto History of the Winklevoss Twins Cryptocurrency

Cameron and Tyler Winklevoss went from Facebook co-creators tricked by Mark Zuckerberg (as dramatized in the movie “The Social Network”) to early adopters of crypto who became “Bitcoin billionaires.” Now their business has been loaded by the United States Securities and Exchange Commission (SEC). The SEC on Thursday charged the Gemini twins’ cryptocurrency exchange with …

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Sam Bankman-Fried ordered 'secret $65 billion line of credit', lawyer says

Sam Bankman-Fried ordered ‘secret $65 billion line of credit’, lawyer says

Sam Bankman-Fried ordered the co-founder of his cryptocurrency exchange FTX to create a ‘secret’ backdoor that allowed his hedge fund Alameda Research to borrow $65 billion in money from clients without their knowledge. permission, according to accounts of the company’s implosion. Gary Wang was asked to create a secret line of credit using funds from …

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Why The Winklevoss Brothers Are In A $900 Million Crypto Showdown With Barry Silbert

Why The Winklevoss Brothers Are In A $900 Million Crypto Showdown With Barry Silbert

Tyler Winklevoss, CEO and Co-Founder of Gemini Trust Co., left, and Cameron Winklevoss, Chairman and Co-Founder of Gemini Trust Co., speak at the 2021 Bitcoin Conference in Miami, Florida, US , on Friday , June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Both Cameron Winklevoss and Barry Silbert were early supporters of …

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FTX's venture capital backers included Patriots owner Robert Kraft and billionaire Paul Tudor Jones, according to new documents

FTX’s venture capital backers included Patriots owner Robert Kraft and billionaire Paul Tudor Jones, according to new documents

FTX founder Sam Bankman-Fried leaves the courthouse following his arraignment in New York City on December 22, 2022. Ed Jones | AFP | Getty Images It wasn’t just Tom Brady and Gisele Bündchen. The list of high-profile investors who lost money betting on crypto exchange FTX also included New England Patriots owner Robert Kraft and …

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Coinbase to cut 20% of its workforce in second big round of job cuts

Coinbase to cut 20% of its workforce in second big round of job cuts

Brian Armstrong, co-founder and CEO of Coinbase Inc. David Paul Morris | Bloomberg | Getty Images Coinbase is cutting about a fifth of its workforce as it seeks to preserve liquidity during the crypto market downturn. The exchange plans to cut 950 jobs, according to a blog post published Tuesday morning. Coinbasewhich had about 4,700 …

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