This comes as a result of the decline in the cryptocurrency market and the failure of exchanges.

Genesis Global Capital, a cryptocurrency lender, is laying the groundwork for bankruptcy this week. Bloomberg.

The representatives of the crypto lender did not immediately respond to the requests for comment. The sources said the talks would continue and the plans could change anytime.

Olemedia/iStock.

The crypto lending unit has been in confidential negotiations with multiple creditor groups in the middle of a liquidity crunch. The company recently warned that it could file for bankruptcy if it fails to raise cash.

Scammers may commit address poisoning by sending meaningless transactions to your account from an wallet address that is very similar to the one you use.

In case you were unaware of this fact beforehand, your wallet consists of one or more accounts, each of which has its own unique address that was created cryptographically. These are lengthy hexadecimal numbers, which means that they include both numerical and (a few) alphabetical characters. This is because hexadecimal numbers employ both sets of characters. Because of this characteristic, they are incomprehensible to the vast majority of individuals and, more importantly, very difficult to recall.

Because of this, the vast majority of web3 software enables you to copy and paste addresses, rather of having to commit them to memory and type them out. As a result, you have probably grown to depend on this feature. This not only helps you save a lot of time, but it also eliminates the possibility of making any errors and guarantees that your money will be sent to the correct address at all times. You may copy your address with a single click or touch, which is one way in which it helps simplify the copy-and-paste process.

Twitter has added cashtag support for Shiba Inu. The recently launched initiative will allow SHIB, enthusiasts to keep track of these crypto assets’ prices along with BTC, ETH, and Doge. To use the service, users are required to search for the symbol of any of the supported digital currencies with the dollar sign ($) in front of it. For instance, Twitter users can check the price of Shiba Inu by typing $SHIB in the search bar. The search result will include the pricing graphs of Shiba Inu alongside a clickable link that will take the user directly to Robinhood. Crypto enthusiasts can quickly create an account on Robinhood to purchase digital currency.

To me a Twitter crypto currency used for Twitter transactions makes sense, as the, volume of transactions would add value to those who buy it early as an investment. Twitter could also prevent Some BankFraud-Fried incidents.

The extent of losses faced by investors remains unknown so far.

FTX, the cryptocurrency exchange that came crashing down in just a week in November last year, has now recovered assets worth $5 billion, its attorney told a U.S. court, BBC

Valued at over $32 billion just a year ago, the crypto exchange, with its head office in the Bahamas, faced a liquidity crunch. The founder, CEO Sam Bankman-Fried (SBF), filed for bankruptcy protection on November 11.

FTX founder and former CEO Sam Bankman-Fried launched his own Substack newsletter today, in a very unusual move for someone who was recently arrested and is facing eight counts of U.S. criminal charges.

In a post titled “FTX Pre-Mortem Overview,” Bankman-Fried maintains his innocence surrounding the collapse and bankruptcy of FTX, a cryptocurrency exchange he founded in 2019 that went on to raise $2 billion in funding and achieve a valuation of a staggering $32 billion.

The bank is suffering from the ongoing crypto winter triggered by the collapse of FTX.

U.S. bank Silvergate, which provides exclusively cryptocurrency services, saw its customers withdraw over $8 billion in the last three months of last year, according to a report by the BBC

The bank was then forced to sell nearly $5.2 billion in assets in order to survive.

Pavlo gonchar/sopa images/lightrocket via getty images.

This amounted to around two-thirds of the bank’s customers pulling their deposits in October, November, and December 2022.