Month: January 2023

Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit – Featured Bitcoin News

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Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Genesis claims to have “ample liquidity to support its ongoing business operations and facilitate the restructuring process.” Genesis’ Bankruptcy Filing Genesis Global Holdco LLC, a prime brokerage subsidiary of venture capital firm Digital Currency Group (DCG), announced Friday that it has voluntarily filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York. The…

10 ways blockchain developers can use ChatGPT

Blockchain technology has revolutionized the way we think about data storage and transactions, but it can also be a complex field for developers to navigate. One tool that can help simplify the process is ChatGPT, a large language model created by OpenAI. A language model is a type of artificial intelligence model that is trained on a large corpus of text to generate or predict text. It can be used to generate new text, such as in machine translation, or to predict the likelihood of a sequence of words. It…

Fantom Blockchain to Fund Ecosystem Projects Using Portion of Burnt FTM Fees

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Craig Wright’s Blacklist Resembles Bitcoin ‘Kill Switch’ Satoshi Never Followed Through On

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“Imagine someone stole something from you. You can’t get it back, but if you could, if it had a kill switch that could be remote[ly] triggered, would you do it?” Satoshi wrote in the Bitcoin Talk post. “Would it be a good thing for thieves to know that everything you own has a kill switch and if they steal it, it’ll be useless to them, although you still lose it too? If they give it back, you can reactivate it.” Original

BTC Back Above $21,000 Despite Genesis Bankruptcy – Market Updates Bitcoin News

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Bitcoin crept back up to the $21,000 level on Friday, as volatility in the cryptocurrency market remained high. After falling by nearly 4% in Thursday’s session, the global market cap is up by 1.14% as of writing. This comes despite the news that crypto lender Genesis has recently filed for bankruptcy. Ethereum was also in the green, as it rebounded from Thursday’s lows. Bitcoin Bitcoin (BTC) climbed higher on Friday, as the world’s largest cryptocurrency rebounded from Thursday’s losses. The rally comes despite the news that crypto lender Genesis has…

Bitcoin, Ether Rise Slightly After Genesis’ Chapter 11 Filing

Bitcoin rose 1% to around $21,000 over the past 24 hours after the Genesis bankruptcy news hit the wires. Ether rose 2% to $1,545, CoinDesk data shows. Traders weren’t surprised by bitcoin’s and ether’s resilience following the news. “The market appeared to expect the Genesis bankruptcy filing for the last 48 hours as the GBTC discount suddenly widened again. With Genesis filing for bankruptcy, this removes a negative overhang from the market, and crypto investors can finally focus on fundamentals,” Markus Thielen, head of strategy and research at crypto-services provider…

How to Choose Anonymous Bitcoin Mixer

Using a crypto mixer is an effective way to protect your privacy when using cryptocurrencies. It’s important to research each option thoroughly before selecting one and make sure it meets your specific needs. In cryptocurrencies, anonymity is a top priority for many users. However, it might be tricky to use digital currencies while protecting your privacy. This article will provide an overview of crypto mixing and its importance for those looking to protect their privacy. We’ll also look at three famous crypto-mixing solutions to help you in the process of…

Alphabet Reportedly Set to Layoff 12,000 Employees

The layoff will affect every aspect of its business operation and teams from corporate services, recruitment, and engineering are affected. American multinational technology company Alphabet Inc (NASDAQ: GOOGL) may be crumbling under the weight of its own staff size and is considering a 12,000 workers layoff. As reported by Reuters, citing a company’s memo it reviewed, the layoff will cut across its global operations, however, the impact will be immediately felt in the United States. The retrenchment will represent some 6% of the company’s workforce and Chief Executive Officer Sundar…