Crypto Lender Files Genesis Trading for Bankruptcy Protection

Cryptocurrency lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the latest casualty in the industry contagion caused by the collapse of FTX and a crippling blow to the business at the heart of Barry Silbert’s crypto conglomerate. The company listed more than 100,000 creditors in a “massive” bankruptcy … Read more

Why Some Black Investors Are Still “Playing” Cryptocurrency Despite Winter, FTX

Illustration: Megan Robinson / Axios The cryptocurrency bear market hasn’t spooked some black investors, who originally embraced the sector as a way to build wealth. why does it matter: Overnight, battered bitcoin rose again above $20,000 after staying near $16,000 for weeks. But the cryptocurrency winter wiped out billions from the cryptocurrency market value. Meanwhile, … Read more