January 20, 2023 | Daily Business Review
Bankrupt Genesis Owes Its Top 50 Creditors $3.4 BillionGenesis'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
December 05, 2022 | Daily Business Review
Crypto CEOs Fearing Worst Yet to Come Cut More JobsExchanges are at the epicenter of the industry's crisis because trading volumes have fallen sharply as a $2 trillion drop in cryptoassets' market value drove retail traders away.
By Philip Lagerkranser, Joanna Ossinger and Suvashree Ghosh
2 minute read
September 20, 2022 | Daily Business Review
SEC Suit Hints at Case for Jurisdiction Over Ethereum NetworkOver $40 billion is sitting in decentralized-finance applications on Ethereum, which lets users trade, lend and borrow coins, DeFi Llama data shows.
By Suvashree Ghosh
2 minute read
June 14, 2022 | Daily Business Review
Bitcoin Turns Lower Again as Celsius Weighs on SentimentCryptocurrencies have become emblematic of a flight from speculative assets as monetary policy is tightened around the world to fight inflation, draining liquidity from global markets.
By Joanna Ossinger and Suvashree Ghosh
3 minute read
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