News

Genesis has agreed in principle on a restructuring plan supported by its parent company, Digital Currency Group (DCG), and its primary creditors, including Gemini, a crypto exchange platform. The agreement would either result in a sale of Genesis or turn over its equity to creditors.

Genesis, a cryptocurrency lender, has filed for Chapter 11 bankruptcy. The firm has estimated liabilities of $1 billion to $10 billion and assets in the same range. The bankruptcy is linked to the collapse of FTX, another crypto firm that went under last November amid allegations of fraud. Genesis is also facing charges from the US Securities and Exchange Commission (SEC) for illegally selling crypto assets to investors

These are just some examples of new cryptocurrencies that you might want to check out. Remember that the cryptocurrency market is highly volatile and subject to market fluctuations, and it's important to do your own research before investing.

Coinbase has sued the US Securities and Exchange Commission (SEC) to compel the commission to respond yes or no to its July 2022 rule-making petition. The petition had asked the SEC to use its formal rule-making process to provide guidance for the crypto industry

Emin Gün Sirer, CEO and founder of Ava Labs, which developed the Avalanche (AVAX) layer-1 blockchain, called for crypto regulators who can read and audit code at the annual Cornell Blockchain conference on New York City’s Roosevelt Island. He believes that the blockchain and cryptocurrency space cannot consider itself mature until regulators are able to read and audit code.

Yes, Bitcoin has fallen below $28k on Coinbase as reported by several news outlets. It was recently trading at around $28,325, down 2.7% over the past 24 hours. However, it seems that Bitcoin has found footing just above $28k after a two-day drop.