Update (0945ET):
A series of headlines have hit Bloomberg about crypto lender Genesis. First, the company, which filed for Chapter 11 bankruptcy protection last night, plans to exit by May 19.
Here are the other headlines: GENESIS CREDITORS TO GET EQUITY IN FIRM IF NO SALE CONSUMMATED GENESIS SEEKS BIDS FOR SUBSTANTIALLY ALL ASSETS BY APRIL 14 Crypto lender Genesis Global Holdco LLC and two of its lending subsidiaries filed Thursday night for Chapter 11 bankruptcy protection in New York. Genesis Global is the latest firm to fold following last year’s implosion of the crypto hedge fund Three […]
Article Source: www.zerohedge.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
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