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Genesis
Cathie Wood's Ark Invest Purchases $1.5M in Grayscale Bitcoin Trust Shares
Cathie Wood's Ark Investment Management bought 176,945 shares ($1.5 million) in Grayscale's Bitcoin Trust (GBTC) on Monday as the crypto market touched a two-year low. Genesis, Grayscale and CoinDesk are owned by Digital Currency Group. "The Hash" panel discusses what to make of Ark's latest crypto bets.
FTX Fallout: Who’s Going Bankrupt Next?
Could Genesis be facing a fight for survival? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
First Mover Americas: Bitcoin Drops as FTX Fallout Spreads
The latest price moves in crypto markets in context for Nov. 22, 2022.
Genesis Bankruptcy Jitters Send Bitcoin to Fresh Low
The troubled crypto brokerage is in talks with potential investors for at least $1 billion in fresh capital, according to a Bloomberg report.
Bernstein Says Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global
If Genesis is forced to file for bankruptcy, creditors will have no claim on GBTC assets, the report said.
‘Grayscale Discount’ Widens to Record 43% as FTX Contagion Spreads
The added pressure comes after Genesis Global Capital – a corporate sibling to bitcoin trust manager Grayscale Investments – halted customer withdrawals from its lending unit this week.
Bitcoin Holds Steady Over $16K Amid Widening FTX Fallout
Bitcoin has been trading flat this week, even as more companies admit exposure to crypto exchange FTX, which has filed for Chapter 11 bankruptcy protection.
'Regulators Are Not Going to Save Us' After FTX Collapse: B2C2 Founder
B2C2 Founder Max Boonen argues that regulation is not the savior of crypto. "I believe much more in private market solutions," he adds, as the firm is offering to buy loans from Genesis' crypto-lending unit.
Rebuilding Trust in Crypto After FTX Collapse
In the wake of FTX's fallout, "Crypto is Macro Now" Economist Noelle Acheson argues that the industry had a lot of singular trust in Sam Bankman-Fried despite being built on the principle of decentralization. Acheson joins "First Mover" to discuss what it will take for crypto to gain trust again and she reacts to Genesis' crypto lending arm pausing customer withdrawals.
