Bear Market
DCG scrambling to raise funds to cover Genesis’ $3B debt burden
DCG is trying to liquidate its venture capital holdings worth $500 million, which is less than 17% of Genesis' outstanding debt.
Monika Ghosh 2 min read
North America Crypto News
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Featured
SBF reveals his side of the FTX story, blames CZ, targeted attack against FTX
Sam Bankman-Fried (SBF) claims no funds were stolen and blames targeted attack on Alameda as cause of collapse.
Legal
Grayscale says recent events will not affect GBTC conversion case against SEC
Craig Salm said GBTC conversion to a spot BTC ETF will "effectively close the current discount to NAV and unlock over $4 billion of value."
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Sports
FTX, Miami-Dade end stadium sponsorship
The crypto exchange has lost naming rights to the Miami Heat arena.
Research
Research: Bitcoin remains under pressure ahead of CPI data; Michael Burry makes stagflation call
Economists predict a slowdown in the pace of rate hikes, but questions linger over a full pivot, keeping pressure on risk assets for now.
Bear Market
Silvergate received a $4.3B bailout after FTX collapse
In the wake of the FTX collapse, withdrawals from Silvergate spiked, and its deposits fell by $3.8 billion at the end of 2022.
Featured
FTX attorney announces $5B in assets recovered
FTX attorney Andy Dietderich announced that $5 billion in cash, investment securities and liquid cryptocurrencies have been recovered.
Mining
Argo’s mining revenue dipped 28% in December due to winter storm
Argo Blockchain mined 25% less BTC last month. Its debts amounted to $79 million as of Dec. 31 while it had $20 million in cash.
Bankruptcy
BlockFi creditors appeal court to redact their information
U.S. authorities argued that granting BlockFi's request to redact their information could set an unfavorable precedent for other crypto industry Chapter 11 cases.
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Bear Market
Crypto market fund outflows drop to $9.7M as negative sentiment falls
Deals
Binance-Voyager deal gets initial court approval despite SEC objections
Analysis
Sanctions caused cybercriminals to lose $15M in potential revenue in 2 months
Bankruptcy
