Genesis Trading’s lending unit halts customer withdrawals | Invezz

Genesis Trading’s lending unit halts customer withdrawals | Invezz

Genesis Global Capital, the lending arm of digital assets platform Genesis Trading, has halted all redemptions as well as loan originations, parent company Digital Currency Group announced on Wednesday morning. DCG, pointing to the market conditions and the impact being felt across the crypto space following crypto exchange FTX’s collapse, wrote: Are you looking for … Read more

BlockFi pauses client withdrawals – the details | Invezz

BlockFi pauses client withdrawals - the details | Invezz

Crypto news this week has had one major headline: FTX. And under that could be numerous subplots – one of which is BlockFi, a crypto lender with ties to the collapsing crypto exchange FTX and which is also in the deep itself. What are the details? Well, BlockFi has announced that it’s pausing customer withdrawals … Read more

FTX stablecoin withdrawals surge amid liquidation claims | Invezz

FTX stablecoin withdrawals surge amid liquidation claims | Invezz

FTX crypto exchange has recorded a surge in stablecoin withdrawals amid crowing unsubstantiated fears surrounding the exchange’s financial status. According to Nansen data, more than $451 million in stablecoins have been withdrawn from FTX in the last seven days. There has generally been a flurry of large withdrawals from FTX users after details of FTX’s … Read more