Digital Currency

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Crypto lender Genesis preparing to file for bankruptcy, Bloomberg News reports

Cryptocurrency lender Genesis Global Capital is planning to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation.
www.reuters.com www.reuters.com
2 minute readJanuary 19, 20238:31 AM GMT+13Last Updated 2 hours ago

Crypto lender Genesis preparing to file for bankruptcy - Bloomberg News​

Reuters
Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on motherboard in this illustration picture

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic






Jan 18 (Reuters) - Cryptocurrency lender Genesis Global Capital is planning to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation.
A bankruptcy filing has been expected for weeks, after the company froze customer redemptions on Nov. 16 following the downfall of major cryptocurrency exchange FTX.
The collapse of FTX in November has claimed several victims including crypto lender BlockFi and Core Scientific Inc , one of the biggest publicly traded crypto mining companies in the United States, both of which filed for bankruptcy protection in the following months.


Genesis, its parent Digital Currency Group and creditors have exchanged several proposals, but have so far failed to come to an agreement, the Bloomberg report said, adding that Kirkland & Ellis and Proskauer Rose have been advising groups of creditors.
Genesis did not immediately respond to a Reuters request for comment.
Genesis is also locked in a dispute with Gemini, founded by the identical twin crypto pioneers Cameron and Tyler Winklevoss.
https://www.reuters.com/technology/...on-discusses-his-metaverse-vision-2023-01-18/
Gemini offered a crypto lending product called Earn in partnership with Genesis, and now says Genesis owes it $900 million in connection with that product.
The U.S. Securities and Exchange Commission last week said it had charged Genesis and Gemini with illegally selling securities to hundreds of thousands of investors through their crypto lending program.
 
"HOUSTON" ...WE HAVE A PROBLEM
ps://wallstreetonparade.com/2023/01/four-crypto-friendly-banks-are-being-bailed-out-with-billions-from-a-federal-housing-program/
 
Simplified IRS 1040 Form:

Line 1: How much did you make? $__________________
Line 2: Send it in ..................................$__________________

Slick
 
grandpaul said:
Fed bailouts of ANY AND EVERY kind are so unbelievably unconstitutional that it boggles the mind.

We (US) don't have enough debt yet. You'll know when we do, it's when all our income is confiscated in taxes, and all out property is subordinated to China as collateral.
Click to expand...
We now have one less problem as of yesterday....it resigned...(up to her eyeballs with Chyna).....waiting for the next installment..
 
Check this out
Your thoughts are not your own. With smart headbands, hats, ear buds, tattoos:
"We can pick up emotional states like are you happy or sad or angry. We can pick up & decode faces that you're seeing in your mind. Your PIN number to your bank account": Nita Farahany #wef23
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KiwiShane said:
Check this out
Your thoughts are not your own. With smart headbands, hats, ear buds, tattoos:
"We can pick up emotional states like are you happy or sad or angry. We can pick up & decode faces that you're seeing in your mind. Your PIN number to your bank account": Nita Farahany #wef23
linksharing.samsungcloud.com

Quick Share

Expired
linksharing.samsungcloud.com linksharing.samsungcloud.com
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"What a strange creature is man that he would choose to cage himself so willingly".
Appleseed 2004 Cyberpunk.
 

Look where "quantitative easing" has got us all and this is a photo of the process 👇​

 

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BIG TECH LAYOFFS
More announcements to come.....
More than 46,000 workers in U.S.-based tech companies have been laid off in mass job cuts so far in 2023, according to a Crunchbase News tally, and the year is just getting started. That number includes Microsoft's 10,000-person cut and Google parent Alphabet's 12,000-person layoff announcements this week.14 mins ago
1674251352402.png

https://news.crunchbase.com › tech-...

Tech Layoffs: US Startups And Tech Companies With Job Cuts In 2022 ..​

 
KiwiShane said:
Now this prick has predicted cyber type war tactics....yet behind the scenes he is pushing hard for this full on digital new age ..including banking transhumanism climate restrictions etc etc etc....what could possibly go wrong ??
Have a read of this excerpt from his book Covid-19 The Great Reset...
Click to expand...
www.reuters.com

Fact Check-Depopulation quote has been misattributed to Klaus Schwab

A quote about depopulation has been misattributed to the founder and executive chairman of the World Economic Forum (WEF) Klaus Schwab.
www.reuters.com www.reuters.com
 
Stephen_Spencer said:
www.reuters.com

Fact Check-Depopulation quote has been misattributed to Klaus Schwab

A quote about depopulation has been misattributed to the founder and executive chairman of the World Economic Forum (WEF) Klaus Schwab.
www.reuters.com www.reuters.com
Click to expand...
If all you have to contribute to this digital currency post is a fact check.....PLEASE !!
Do you think covid depopulatied the world in any way...Or has that also been fact checked ?? Do you not associate agenda 20/30 with the content in Schwabs book... ??
From my own statement where did "I" mention "depopulation" The points I raised from my statement were digital currency transhumanism and climate restriction emergencies ...so instead of finding a fact check for a picture of which most of the content is actually in the book...fact check what "I SAID"with your own words or read the book !!
 
You posted this. It is disinformation.

Digital Currency

I hesitated posting, as I suspected that I would be attacked; there is a reason why very few contribute to this conversation and others like it.

I won‘t post again.
 
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