Genesis hires a restructuring adviser; bankruptcy is not ruled out
    23 Nov 2022
    31 Views

    Troubled crypto lender Genesis Global Capital has hired specialists from Moelis & Company to consider restructuring options, including a potential bankruptcy, The New York Times reported, citing sources familiar with the matter. The crypto broker hasn’t made any decisions yet as there was still a possibility for the company to avert a bankruptcy filing, the…

    Near Co-Founder: Crypto didn’t fail FTX; people did
    23 Nov 2022
    43 Views

    Decentralization was and still is the answer, the co-founder of Near Protocol Illia Polosukhin told CoinDesk. The spectacular $32 billion collapse of the FTX exchange and its sister trading firm Alameda Research recently once again has crypto’s detractors gloating in the headlines. In fact, FTX bears no resemblance to most of what the longtime believers…

    Coinbase survey: 62% of investors increased allocations over 12 months
    23 Nov 2022
    31 Views

    A Coinbase survey revealed that crypto winter affected investors’ sentiment not as bad as expected. Thus, 58% of investors in the survey expect to increase allocations over the next three years. The 2022 Digital Assets Outlook Survey found that 62% of investors who are currently invested in crypto increased their allocations in the past 12…