News Formal

Crypto firms rush to allay Genesis contagion fears as stocks crater

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Several crypto stocks traded down throughout the day on Wednesday, while crypto bank Silvergate bucked the trend.

The terminated sponsorship deal with esports giant TSM represents yet another fractured partnership for the fallen crypto exchange.Senate Banking Committee eyes hearing on Sam Bankman-Fried's FTX collapse

A key Senate committee could hold a hearing to investigate the collapse of crypto exchange FTX. The Senate Banking Committee is “working to schedule a hearing and details are forthcoming,” according to a Democratic committee spokesperson. FTX, once valued at $32 billion, filed for bankruptcy protection last week. The push to schedule a Senate hearing […]

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Lender Genesis Suspends Withdrawals: FTX Collapse Created 'Unprecedented Market Turmoil'The crypto firm with some $3 billion in loan volume is the latest to suspend customer withdrawals. Kid was very smart and scammed many people out of millions of dollars that they'll never recover FTX is was just a catalyst or window into the cryptocurrency ponzi scheme and many are going to suffer yugely.
Source: Forbes - 🏆 394. / 53 Read more »