Latest from Aoyon Ashraf
Genesis Global Capital Confirms Hiring Investment Bank Moelis, Talks With Potential Investors
The crypto lender also started talks with its largest creditors and borrowers, including Gemini and parent company DCG, to agree on a solution.
Crypto Mining and Staking Firm Foundry Buys Some of Troubled Bitcoin Miner Compute North's Assets
Foundry will buy two mining facilities and has an option to acquire a third site that is under development.
Genesis Global Capital Has Hired Investment Bank Moelis to Explore Options Including Bankruptcy: New York Times
Separately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis.
Pension Giant Ontario Teachers' Plans to Write Off All $95M Invested in Crypto Exchange FTX
The investment in the now-bankrupt crypto exchange represented less than 0.05% of the fund's total net assets.
Startup Arkon Energy Raises $28M to Further Expand Into Bitcoin Mining
The Australian company also bought Hydrokraft AS, a renewable energy-based data center in Norway with up to 60MW of power capacity.
Online Investing Platform BnkToTheFuture Drops Plan to Acquire Crypto Lender Salt Lending Due to FTX Exposure
Salt Lending said it had halted all deposits and withdrawals on its platform.
FTX Withdraws US CFTC Derivatives Clearing Plan
The company previously submitted a plan that it hoped would allow customers to assess and respond to derivatives risks in real time.
Crypto-Linked Stocks Tumble After FTX Files for Bankruptcy
Bitcoin and ether both fell about 6% following the Chapter 11 filing Friday morning.
A Failed FTX-Binance Deal Is ‘Catastrophic’ for Crypto Sector
Binance scrapping its acquisition of rival FTX could mean institutional investors deciding to pull funds out of the crypto industry.
