Another day, another crypto firm goes under: Genesis files for bankruptcy

Discussion in 'privacy technology' started by guest, Jan 21, 2023.

  1. guest

    guest Guest

    By Paul Hill - January 20, 2023
     
  2. Rasheed187

    Rasheed187 Registered Member

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    I'm loving all of this crypto drama, I'm hoping the next one to fall is Binance or Crypto.com, can't believe that people are still investing almost $1000 billion into this crypto crap which isn't good for anything except for facilitating criminals and destroying the planet.
     
  3. guest

    guest Guest

    Ex-Genesis execs claimed they raised millions for crypto hedge fund just as former company neared bankruptcy
    By MacKenzie Sigalos @KenzieSigalos, Rohan Goswami @rogoswami - January 21, 2023
     
  4. Rasheed187

    Rasheed187 Registered Member

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    How is this even news? Of course any idiot can nowadays raise money for crypto hedge funds and what not, as long as people keep believing that crypto will make them rich. I rather see these billions of dollars being invested in companies on the stockmarket. And of course not in meme stocks like GameStop and AMC LOL.
     
  5. EASTER

    EASTER Registered Member

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    Well said @Rasheed- Will be so glad when they ALL go under and that artificial lunacy crap is put to rest permanently.
     
  6. guest

    guest Guest

    Genesis, DCG's Crypto-Lending Subsidiary, Files for Chapter 11 Bankruptcy: What You Need to Know
    By Patrick Devaney - January 23, 2023
     
  7. EASTER

    EASTER Registered Member

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    Down the drain for that silliness finally. Good riddance. Bye.
     
  8. Rasheed187

    Rasheed187 Registered Member

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    LOL, same over here. And we're making progress because now Binance was caught with doing the exact same thing that took FTX down. Of course they tried to downplay it. :p

    https://www.coindesk.com/business/2...ient-funds-with-b-token-collateral-bloomberg/
     
  9. Rasheed187

    Rasheed187 Registered Member

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    We're making more progress, now another major crypto player named Silvergate is in big trouble, it's a pretty good article, I'm loving it! Down the drain with crypto! :D

    https://www.theverge.com/2023/3/4/23623964/crypto-silvergate-bank-run-stablecoins-dollars
     
  10. stapp

    stapp Global Moderator

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    Thousands may have lost out to crypto trading app
    https://www.bbc.co.uk/news/technology-64939146
     
  11. Rasheed187

    Rasheed187 Registered Member

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    I just can't believe how dumb people are? So they thought this bot was going to make them a lot of money on the crypto market, yeah right.
     
  12. Rasheed187

    Rasheed187 Registered Member

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    Great to see that even a company like Nvidia, who probably made billions on this crypto nonsense, admits that crypto is complete BS. Of course Nvidia is now trying to make billions on AI, which hopefully will have some use.

    https://www.theguardian.com/technol...iety-nvidia-chatbots-processing-crypto-mining
     
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