lending

Will Genesis bankruptcy change the crypto lending business?

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Genesis Global Capital, one of the leading crypto lenders in the industry, filed for bankruptcy protection on January 19, 2023. Digital Currency Group is a wholly owned crypto lending company. The crypto lender decided to file for bankruptcy as it had ongoing problems after the third largest crypto exchange, FTX, filed for bankruptcy on November …

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Cryptocurrency lending platforms have been hit hard as the contagion spreads

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The crypto lending industry, which has given borrowers billions of dollars in just the past few years, is facing its biggest crisis yet as some of its leading companies collapse. Genesis Global Capital, which has committed $130 billion in 2021, filed for bankruptcy last week and joined BlockFi Inc., Celsius Network and Voyager Digital among …

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