What Genesis's Bankruptcy Means for the Industry
Bloomberg Crypto26 Jan 2023

What Genesis's Bankruptcy Means for the Industry

Crypto lender Genesis has filed for bankruptcy. For many observers in crypto, this wasn't entirely unexpected, not least because the company itself had been warning that it was staring down a liquidity crisis and trying to raise money.

Over the past couple of weeks, Barry Silbert, who is the CEO of the Genesis parent company known as Digital Currency Group, has been in a very public and kind of increasingly nasty online dispute with some fellow billionaires, the co-founders of the Gemini Crypto Exchange, Tyler and Cameron Winklevoss. At the heart of this dispute is around $900 million worth of funds that customers of these two entities have lost access to.

Bloomberg editor Anna Irrera and reporter Emily Nicolle join the show to discuss what Genesis was, why it was so important to the crypto ecosystem and what its relationship is with Gemini.

Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter

See omnystudio.com/listener for privacy information.

Episoder(223)

The UAE’s Crypto Ambitions Post-FTX

The UAE’s Crypto Ambitions Post-FTX

The United Arab Emirates has spent quite a lot of time — and considerable resources — positioning itself as a crypto-friendly hub. Its efforts have attracted some of the top names in crypto to the reg...

11 Jan 202315min

How Did Binance Come To Dominate Crypto?

How Did Binance Come To Dominate Crypto?

The bankruptcy of crypto exchange FTX and the indictment of its former CEO Sam Bankman-Fried, who’s pleaded not guilty to 8 criminal counts - is shining a light on the world’s largest crypto exchange ...

10 Jan 202319min

Introducing: Crash Course

Introducing: Crash Course

Hosted by Bloomberg Opinion senior executive editor Tim O'Brien, Crash Course will bring listeners directly into the arenas where epic business and social upheavals occur. Every week, Crash Course wil...

9 Jan 20231min

Solana Is Trying to Break Its Ties With Bankrupt FTX

Solana Is Trying to Break Its Ties With Bankrupt FTX

Crypto exchange FTX’s November 2022 collapse was one of the most spectacular and swift downfalls in the history of crypto. Now, as the bankruptcy dust begins to settle, investors and others wonder wha...

9 Jan 202318min

FTX’s Sam Bankman-Fried Pleads Not Guilty. Now What?

FTX’s Sam Bankman-Fried Pleads Not Guilty. Now What?

Welcome to the first This Week in Crypto episode of 2023. We’re kicking off the year with - can you guess? Sam Bankman-Fried. The former FTX CEO had quite the wild holiday season. His companies filed ...

6 Jan 202318min

Crypto’s Alpha Male Culture, Explained

Crypto’s Alpha Male Culture, Explained

In the days leading up to the staggering collapse of FTX, a series of tweets from a top crypto executive signaled that the exchange was likely in deep financial trouble. Former FTX CEO Sam Bankman-Fri...

5 Jan 202317min

What’s To Become of Miami’s “Crypto Hub” Status?

What’s To Become of Miami’s “Crypto Hub” Status?

Miami has always been famous for its beaches, beautiful people and glamorous nightlife. More recently, the city grabbed attention for trying to establish itself as a crypto hub, and witnessed an influ...

4 Jan 202319min

Post FTX, Do Blockchain Games Stand a Chance?

Post FTX, Do Blockchain Games Stand a Chance?

The relationship between crypto and gaming is not always straightforward. Some gamers, and some games companies, have outright rejected all things blockchain and crypto. They say the environmental con...

3 Jan 202319min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
stopp-verden
forklart
aftenpodden-usa
i-retten
popradet
nokon-ma-ga
det-store-bildet
lydartikler-fra-aftenposten
dine-penger-pengeradet
rss-ness
aftenbla-bla
rss-gukild-johaug
fotballpodden-2
hanna-de-heldige
frokostshowet-pa-p5
rss-penger-polser-og-politikk
e24-podden
rss-dannet-uten-piano