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0 CommentsGenesis, a subsidiary of Barry Silbert’s Digital Currency Group, filed for Chapter 11 bankruptcy on Jan. 19. Its default could have big implications for the crypto industry. It looks as if the bear cycle is going to claim another high-profile crypto company. On Jan. 19, Digital Currency Group’s (DCG’s) lending subsidiary, Genesis, filed for Chapter 11…
Map2Earn is a revolutionary Metaverse-oriented economic model that enables users to become mappers while earning tokens. Blockchain has been fostering the development of new and often unpredictable markets and economies driven by demand for innovation. From unprecedented crowdfunding mechanisms to play-to-earn (P2E) and move-to-earn (M2E) models, decentralized technology is empowering communities like never before. One of the…
Top 100 DeFi tokens continued their bullish momentum into third week of January with majority of the tokens trading in green on weekly charts. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Following FTX’s demise, the DeFi space is…
UAE’s minister of state for foreign trade Thani Al-Zeyoudi noted that as the country has attracted a lot of talent from the crypto sector, the UAE now needs to roll out the correct regulation to support further growth. Crypto will play a “major role” in the United Arab Emirates’ global trade moving forward, says the…
Due diligence has always been an issue in the venture capital space according to a VC executive, but crypto offers a solution: A public and immutable ledger. Venture capitalists battling with the difficulties of proper crypto firm due diligence should be looking at getting back to the basics — to “trust the chain,” a crypto-focused…
Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York. Cryptocurrency lender Genesis has filed for Chapter 11 bankruptcy in the Southern District of New York. The firm has estimated liabilities of $1 billion to $10 billion…
