The first hearing in Genesis Capital’s bankruptcy case will be held on January 23 at 2:00 pm Eastern Time, according to court filings. Judge Sean H. Lane of the United States Bankruptcy Court for the Southern District of New York…
After last week’s nearly 20% rally, Bitcoin (BTC) is on track to end the week with a roughly 10% gain. The Bitcoin rally has boosted sentiment and attracted interest in buying some altcoins. This sent the total crypto market capitalization…
It looks like the bear cycle will claim another high profile crypto company. On January 19, Digital Currency Group’s (DCG) lending subsidiary, Genesis, filed for Chapter 11 bankruptcy. Here we have another industry giant with stories of incest lending, poor…
The original Terra lending protocol, Mars Hub, announced the launch of the independent Cosmos application chain on January 31, along with the issue of MARS tokens for users who hold during two images on Terra Classic. According to a statement…
In a January 20 statement, Genesis Capital’s parent company, Digital Currency Group (DCG), denied involvement in Genesis’ bankruptcy filing. According to DCG, a special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection. Filing for…
Welcome to Finance Redefined, your weekly dose of important decentralized finance (DeFi) insights – a newsletter created to bring you important developments over the past week. After the demise of FTX, the DeFi space has been completely overhauled as crypto…
National Geographic was not prepared for the level of criticism it received after announcing its inaugural NFT collection. Those who read the magazine with an interest in nature hope that the reader will take to NFTs. After all, the publication…
Streaming services have become a big part of modern society. Theta Network builds these technologies for the Web 3 space. The THETA network’s original token has been bullish in recent weeks as a result of on-chain developments and the reversal…
The Central African Republic (CAR), a developing country in Central Africa, set up a 15-member committee responsible for drafting bills on the use of cryptocurrencies and tokenization in the region. According to Faustin-Archange Touadéra, president of CAR, cryptocurrencies have the…
Binance Charity – the philanthropic arm of Binance Exchange – has announced plans to provide more than 30,000 Web3 education scholarships as part of the Binance Scholars Program. According to an official blog post on the crypto exchange website, Binance…