Genesis Interim CEO Derar Islim told customers on a call that Genesis is exploring solutions for the lending unit, including finding a source of fresh liquidity. He said Genesis intends to detail its plan to clients next week. Genesis Global Capital serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022, according to the company’s website. Genesis owner Digital Currency Group (DCG) is also the parent company of… Source link

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Phira Phonruewiangphing / iStock.com Litecoin (LTC) is a cryptocurrency that launched shortly after bitcoin. The “gold standard” of crypto — bitcoin — was revealed to the world in 2009, while litecoin followed on its heels in 2011. Litecoin is often called the “silver” to bitcoin’s gold and is accepted as a form of payment in more places than many other alt-coins. See: 5 Things You Must Do When Your Savings Reach $50,000 What makes litecoin so special? And, more importantly, what… Source link

The Ethereum price is currently in the red, along with the wider crypto markets, as the market continues to deal with the knock-on effects of the FTX collapse. However, recent price action suggests that bulls are looking for a 30% move to the upside. Binance and FTX’s SBF to Face House Committee The House Financial Services Committee has called upon Sam Bankman-Fried (SBF) and Binance to appear before it in December amid… Source link

Ether (ETH) has been stuck between $1,170 to $1,350 from Nov. 10 to Nov. 15, which represents a relatively tight 15% range. During this time, investors are continuing to digest the negative impact of the Nov. 11 Chapter 11 bankruptcy filing of FTX exchange.  Meanwhile, Ether’s total market volume was 57% higher than the previous week, at $4.04 billion per day. This data is even more relevant considering the collapse of Alameda Research, the arbitrage and market-making firm controlled by… Source link

Litecoin (LTC) gets a neutral rating from InvestorsObserver Wednesday. The crypto is down 2.24% to $57.75 while the broader crypto market is up 16.97%. Litecoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Neutral Over the last five days, Litecoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

What happened Shares of several notable cryptocurrencies continued to decline today, as investors digest the fallout from the FTX debacle, which has roiled the crypto market. Over the last 24 hours, the world’s second-largest cryptocurrency, Ethereum (ETH -4.10%), traded roughly 4% lower as of 12:01 p.m. ET.  Meanwhile, the price of Solana (SOL -0.67%) traded down 3.7%, while the meme token Dogecoin (DOGE -1.97%) was down 2.7%. So what FTX, one of the world’s largest crypto exchanges,… Source link

Bitcoin (BTC) fell to intraday lows after the Nov. 16 Wall Street open as the FTX scandal appeared to claim another victim. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Genesis Trading liquidity “exceeded” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading around $16,400 at the time of writing. Downside had entered again for the pair amid news that Genesis Global Capital, the crypto lending arm of Genesis Trading, had paused withdrawals over liquidity… Source link

Ethereum moved into the red on Nov. 16, as markets became nervous, following a missile accidentally exploding in Poland. Fears grew of potential escalation in the war between Russia and Ukraine, as the missile hit Poland, which is a NATO-backed country. Poland and NATO have both downplayed the strike, and have so far not accused Russia of the act. Bitcoin also fell, ending two days of gains. Bitcoin Bitcoin (BTC) was back in the red on Wednesday, as markets reacted cautiously to… Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Wednesday. The crypto is down 1.2% to $128.98 while the broader crypto market is down 1.32%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero… Source link