What happened to Genesis cryptocurrencies?

Genesis, a cryptocurrency lending and trading conglomerate of more than 200 businesses, has filed for Chapter 11 bankruptcy protection in the US, becoming the latest company affected by the global crypto market downturn.

Is the crypto market going up in 2023?

Since the beginning of the year, the crypto markets have been on a steady grind upwards, starting 2023 with some green on the board for crypto investors. On Sunday, Bitcoin (BTC) broke out of its recent price range and reached a three-week high by convincingly pushing above US$17,000.

What are the biggest events shaping the crypto industry?

Insights into the biggest events shaping the crypto industry. The Financial Accounting Standards Board (FASB) voted in support of allowing companies reporting Bitcoin holdings at fair value. This could likely... A particular sector of DeFi is growing rapidly while others reach multi-year TVL lows. What is Gains Network?

What happened to crypto-linked stocks?

Crypto-linked stocks also dropped, reflecting investor uncertainty in the crypto market. Leading exchange, Coinbase, saw a drop of over 8%, while bitcoin miner, Marathon Digital Holdings, fell by around 10%.