Genesis Global Capital, the now bankrupt lending arm of Digital Currency Group (DCG), has failed to pay approximately $630 million due to creditors, leading to discussions among stakeholders about a potential default. The situation highlights the challenges faced by the crypto industry and...
According to research from Coinbase and CES Insights, the U.S. government has taken swift steps to avert a system-wide bank run among mid-tier banks after the failure of Silicon Valley Bank (SVB) and Silvergate. Once First Republic Bank secured $30 billion in backing...
The crypto world is abuzz with the news of charges filed by the United States Securities and Exchange Commission (SEC) against Terra and its founder, Do Kwon. What’s surprising is not just the charges themselves but the fact that they come after months...