First Mover Americas: Bitcoin, Ether Rise Slightly After Genesis' Chapter 11 Filing

Cameron Winklevoss threatened to sue DCG CEO Barry Silbert over the repayment of a $900 million loan

in a tweet published just minutes after Genesis filed for Chapter 11. The tweet comes after Winklevoss waged a Twitter war against DCG to recover the loan amid his exchange’s own struggles. Winklevoss called Genesis' bankruptcy a “crucial step” toward recovering Gemini users’ assets. But he still intends to sue Silbert and Genesis’ parent company, DCG, unless Silbert makes a"fair offer" to DCG's creditors.after the Genesis bankruptcy news hit the wires.

Cycles comprised a 12-month-long bear market that ended 15-17 months ahead of the halving, paving the way for a three-year uptrend."The conditions are ripe for a breakthrough in 2023 that could catalyze a new bull market. We are excited by the growth of layer 2 solutions, the development of ZK-rollups and privacy solutions, and many other emergent capabilities of crypto," Bitwise's analysts led by Chief Investment Officer Matthew Hougan wrote in a review of the fourth quarter.

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Bitcoin (BTC) Dips Lower as Genesis Prepares to File for BankruptcyGenesis Global Capital is navigating a precarious financial situation, with bankruptcy looming as the likely outcome if it does not secure the liquidity necessary to stay afloat Dump it
Source: Utoday_en - 🏆 295. / 63 Read more »

Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis – Bitcoin NewsAccording to a shareholders' letter from Digital Currency Group (DCG), the company said it has suspended dividends until further notice. After a couple of days of excitement bitcoin back to doing what it excels at 😆 I'm quite frustrated these days because crypto was designed to be uncontrollable and not be influenced by market news, but unfortunately that's not happening.
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin (BTC) Reacts to Genesis’s Bankruptcy FilingGenesis Global has now filed for Chapter 11 bankruptcy protection after a series of tumultuous events have caused severe liquidity issues for the troubled crypto brokerage
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin, Ether Hold Steady After Genesis' Bankruptcy, Crypto Traders Say Bad News Was Priced InThe path of least resistance for crypto is on the higher side, one observer said, drawing attention to bitcoin's tendency to carve out double-digit gains during the Chinese New Year holidays. godbole17 👀 godbole17 It is not tho. godbole17 🤩been 👀 👑!
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