Tag: Lender

[ad_1] The crypto lender Genesis filed for Chapter 11 bankruptcy late on Thursday following the company’s troubles with liquidity triggered by two major collapses in the cryptocurrency industry last year. It came when the company was reportedly seeking to raise capital, but failed. According to the official announcement, Genesis...

[ad_1] Local investigators in partnership with foreign agents raided the Bulgaria offices of the cryptocurrency lending firm, Nexo, on Thursday. Bulgarian business daily Dnevnik reports that a total of 15 offices are being checked with over 300 officials from various agencies working on the case. Additionally, prosecutors have launched...

[ad_1] BlockFi, a cryptocurrency lending firm founded in 2017, on Monday filed for Chapter 11 bankruptcy protection in New Jersey, United States. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. The...

[ad_1] The cryptocurrency lender, Genesis sought an emergency loan of $1 billion from investors before the platform suspended customers’ withdrawals on Wednesday, a report by The Wall Street Journal revealed. It cited a “liquidity crunch due to certain illiquid assets on its balance sheet” for the fundraising. Take Advantage...