Genesis Interim CEO Derar Islim provided an update on the state of its lending business on a client call, according to CoinDesk.
Matter Labs, the company behind zkSync, has raised $200 million in a Series C round led by Dragonfly and Blockchain Capital.Temasek, Sequoia, SoftBank take more the $600 million in FTX write-downs: Bloomberg
FTX investors including Temasek, Sequoia Capital and SoftBank are writing off hundreds of millions of dollars they poured in the now-failed exchanged, Bloomberg reported, citing people familiar. Singapore’s Temasek International is writing off its up to $300 million FTX investment, while Sequoia Capital wrote down the full value of its $214 million bet on the […]
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Crypto Lender Genesis Suspends Withdrawals After FTX CollapseThe swift demise of FTX created unprecedented turmoil for Genesis, causing the company’s lending arm to be unable to meet all withdrawal requests, the company told clients.
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Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX CollapseJUST IN: The lending arm of GenesisTrading plans to halt customer withdrawals. The unit discussed the matter with its institutional customers in a call on Wednesday morning. By NelWang
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First Mover Asia: Bitcoin, Ether Rise Late Despite FTX FatigueLicensed custodians could help safeguard customer assets being held on exchanges and prevent a repeat of the type of situation that led to FTX's implosion; bitcoin moves into the green late Monday. TheSamReynolds and JPRubin23 report
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Visa terminates debit card program with FTX“We have terminated our global agreements with FTX and their US debit card program is being wound down by their issuer.” — a Visa spokesperson confirmed to Cointelegraph.
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FTX to reorganize, new CEO seeks support from staff during company conference callFormer CFTC lawyer Ryne Miller is committed to stay to 'clean things up,' according to a source.
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