Sidhartha Shukla

Sidhartha Shukla

January 20, 2023 | Daily Business Review

Bankrupt Genesis Owes Its Top 50 Creditors $3.4 Billion

Genesis's biggest creditor is a $766 million claim related to customers of crypto exchange Gemini, who have money stuck with Genesis's lending unit.

By Sidhartha Shukla, Joanna Ossinger and Suvashree Ghosh

2 minute read

August 16, 2022 | Daily Business Review

Cryptocurrency Hacks Soar as North Korea Targets DeFi

Decentralized-finance protocols, especially cross-chain bridges used to transfer tokens across blockchains, have emerged as one of crypto's weakest links after several large hacks this year.

By Sidhartha Shukla

2 minute read

July 18, 2022 | Daily Business Review

Bitcoin Rallies to Trade Above $22K; Ether, Avalanche Advance

Traders are paying close attention to any indication that Bitcoin is firmly breaking out of its recent pattern of swinging between $19,000 and $22,000.

By Philip Lagerkranser, Sidhartha Shukla and Anna Irrera

2 minute read

May 25, 2022 | Daily Business Review

Terra Blockchain Will Split, Abandon Collapsed UST Stablecoin

Terra's unraveling, which started earlier this month with the implosion of the algorithmic stablecoin Do Kwon, above, the crypto entrepreneur behind Terra, had touted relentlessly, marked one of the biggest busts in the crypto industry's history.

By Sidhartha Shukla and Emily Nicolle

4 minute read

April 25, 2022 | Daily Business Review

Bitcoin Touches 6-Week Low as Risk-Off Mood Gathers Momentum

Bitcoin extended this month's losses in Monday trade as investors shied away from risk assets amid a more hawkish outlook for Federal Reserve policy tightening.

By Joanna Ossinger and Sidhartha Shukla

3 minute read