Author: Crypto Insider

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…

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…

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…

The real reason why the FTX failure hits so hard is not that the crypto industry was duped but because it proved that the industry was vulnerable to being duped – Sam Kessler explains on CoinDesk. Depending upon whom you ask, last week’s FTX blowup feels bigger than when Mt. Gox, the original Bitcoin exchange,…

Breaking crypto news from the last week (Nov. 12–18, 2022): Nov. 12: Over $400 million outflow crypto exchange FTX and Alameda wallets. FTX confirmed that there was “unauthorized access” to crypto it is holding following a reported hack. However, Reuters reported that FTX CEO Sam Bankman-Fried built a “backdoor” to his exchange in an effort…

Grayscale Investments won’t show proof of reserves, citing “security concerns” after Bitcoin and Ether products fall to new all-time lows. Meanwhile, Coinbase testified to the security of Grayscale’s digital assets products held in Coinbase Custody, the WSJ reported. Crypto firms are under pressure now to share information about the health of their reserves after FTX…