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CoinDesk was founded by Shakil Khan as an integrated platform for media, events, data & indices for the next generation of investing and the future of money. It provides news and analysis on the trends, changes, technologies, companies, and people in the Bitcoin and digital currency world.

In 2016, CoinDesk was acquired by Digital Currency Group. In 2017, the company acquired a blockchain data and research platform called Lawnmower. In January 2021, the company acquired TradeBlock, a cryptocurrency data analytics firm.

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FTX seeks to resume: news | coindesk JAPAN | Coindesk Japan
3 weeks ago

New CEO John J. Ray III told The Wall Street Journal that the company is exploring the possibility of reviving the bankrupt FTX. Ray said that while former CEO Sam Bankman-Freed and executives have been accused of criminal conduct, customers may see value in FTX’s technology and getting FTX back on its feet. “Everything is […]

Crypto Weekly Roundup: Genesis Declares Bankruptcy And More
2 weeks ago

After months of struggling to stay afloat, Genesis Global has finally filed for Chapter 11 bankruptcy. On the other hand, the new year seems to be heralding a new crypto bull market. Let’s find out more.  Bitcoin It’s certainly not official, but the green shoots of the beginning of a new crypto bull market are beginning to be seen. JPMorgan CEO Jamie Dimon got visibly irritated and frustrated when presented with facts about Bitcoin in an interview.  BTC investment vehicle, Grayscale has once again attempted to convince the United States SEC to allow the conversion of the Grayscale Bitcoin Trust (GBTC) into a spot ETF.  Ethereum Ethereum-based Layer-2 protocol, Optimism has outperformed Arbitrum in transaction volume since mid-December.  National Australia Bank (NAB) will be launching a stablecoin in mid-2023, pegged against the Australian dollar (AUD) on Ethereum and Algorand. DeFi Decentralized exchange aggregator 1inch has announced the launch of its proprietary cold storage hardware wallet amidst the growing trend of self-custody of assets.  The MakerDAO community is voting on keeping Gemini’s GUSD stablecoin as part of the protocol’s reserves amidst insolvency concerns.  The SEC has charged the Mango Markets exploiter, Avraham Eisenberg, with fraud and market manipulation.  SushiSwap has shared a detailed roadmap for the coming year, revealing plans to launch a DEX aggregator, a decentralized incubator, and several new stealth projects.  Altcoins Polygon has announced that it has successfully completed its highly anticipated hard fork, designed to boost performance and reduce spiking gas fees.  Technology 22,000 monthly active developers are building in the crypto sector, and their numbers are increasing by 5% year-over-year. Seoul has launched the first phase of a metaverse that will allow its citizens to visit attractions virtually and interact with official services. Business Genesis Global Holdco and two lending subsidiaries, Genesis Global Capital and Genesis Asia Pacific, announced Thursday that it filed for Chapter 11 bankruptcy protection. Cardano CEO Charles Hoskinson has been tweeting his take on whether CoinDesk might be a good buy, leading to speculation that he might purchase the crypto news site.  $323 million from FTX and $90 million from FTX US have been classified as “unauthorized third-party transactions” since the bankruptcy petition. CFTC Commissioner Caroline Pham recently gave an interview in which she said that there are advanced discussions and meetings regarding global crypto standards happening outside of the U.S. Cryptocurrency exchange Coinbase announced that it would be suspending all its operations in Japan due to volatile market conditions. SkyBridge Capital founder, Anthony Scaramucci, has announced that he will be investing in a new crypto firm founded by the former president of FTX US.  Embattled crypto lender Vauld has been granted an extension on the period of creditor protection by a Singapore court to February 28, 2023. Cryptocurrency giant Digital Currency Group (DCG) has halted its quarterly dividend payments in an effort to conserve cash and improve its balance sheet. Regulation The CFTC has urged lawmakers to prevent cryptocurrency exchanges from “Self Certifying” and listing cryptocurrency tokens without proper oversight.  Japan's Financial Services Agency recently issued a statement urging global regulators to consider treating cryptocurrencies and digital assets in the same manner as banks. The European Parliament’s final vote on the EU’s landmark Markets in Crypto Assets regulation has been delayed until April 2023, reportedly due to “technical issues.” On Wednesday, the U.S. authorities accused crypto exchange, Bitzlato of laundering $700 million and named Binance, the world's largest crypto exchange, as a counterparty in the order.  Authorities in the Indian state of Maharashtra have uncovered a significant cryptocurrency investment scam, which has led to losses of up to Rupees 300 crores. NFT NFT marketplace Rarible has expanded its marketplace builder to include Polygon-based NFT collections amidst growing interest in Polygon for NFTs and other gaming projects. Web3 The World Economic Forum is the latest testing ground for the metaverse, with a virtual version of the alpine town of Davos being tested during the ongoing summit.  Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Genesis Officially Joins Growing List of Bankrupt Crypto Companies
3 weeks ago

Genesis Global Holding Corporation has officially filed for chapter 11 bankruptcy. The trading and lending subsidiary of Digital Currency Group submitted filings late Thursday night at the New York Southern District Bankruptcy Court, bringing the toll of top-tier bankrupt crypto companies to 10. The company first disclosed plans to declare insolvency after news of FTX’s […]

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Genesis creditors file securities lawsuit against Barry Silbert and DCG
2 weeks ago

Amid Genesis going through its first bankruptcy hearings, a group of creditors have slapped the firm with a new class action lawsuit.

SkyBridge, a major US venture capital, fell 39% last year: report
1 weeks ago

SkyBridge’s 22-year operational performance A Bloomberg report on the 27th revealed that the core fund of SkyBridge Capital, a major US hedge fund that also has exposure to crypto assets (virtual currency), had a minus 39% performance in 2022. “SkyBridge Multi-Adviser Hedge Fund Portfolios” is SkyBridge’s core fund that invests in stocks, crypto assets (virtual […]