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$1.8 billion and possibly more. That's how much CoinDesk sources say Genesis owes in loans to customers with funds locked up on the crypto trading and lending platform. Nikhilesh De has the latest involving Genesis, which like CoinDesk, is owned by the Digital Currency Group (DCG). Plus, Katie Talati, Arca head of research, joins "First Mover" to discuss her crypto markets outlook. And, it's time to unveil CoinDesk's Most Influential 2022, the definitive list of the biggest change makers in crypto, blockchain and Web3.

Bybit to Lay Off 30% of Staff Amid Crypto Winter

The exchange is trying to 'refocus' amid a 'deepening bear market', its CEO said on Twitter.

Dec 5, 2022 at 6:41 a.m. UTC

Bitcoin Lags as Unwinding of 'Fed Trade' Lifts US Stocks Above 200-Day Average

Bitcoin trades at a significant discount to its 200-day average as popular macro trades of 2002 unwind, leading to risk revival in traditional markets.

Dec 5, 2022 at 7:51 a.m. UTC

Australian Crypto Exchange Swyftx Cuts 90 Jobs, Reduces Workforce by 35%

The exchange said that it does not have any direct exposure to FTX, however the job cuts are a result of crypto downturn caused by FTX.

Dec 5, 2022 at 7:17 a.m. UTC

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Layer 2
By David Z. Morris
Nov 30, 2022 at 7:15 p.m. UTC
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Markets
By Omkar Godbole
Dec 2, 2022 at 9:22 a.m. UTC

Consensus 2022

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Discovery

Markets Daily Podcast Cover

Weekend Story: What Do You Really Own in the Ownership Economy?

On today’s show we’re taking a look at the ownership economy, its legal complexities and what you really own, courtesy of Nick Ducoff, a partner at G20 Ventures, and co-founder of ON_Discourse.

Dec 4, 2022
(sharply_done/Getty Images, modified by CoinDesk)

Bitcoin and Opting Out of the IMF & World Bank

How the IMF and World Bank funnel resources from poor countries to rich ones.

Dec 4, 2022
Money Reimagined Podcast Cover

The Mother of All Risks: Attacks by Rogue States, With Juan Zarate

A discussion about how compliance and risk management can be improved in the crypto industry as a result of the FTX debacle.

Dec 2, 2022
Carpe Consensus 4X3

From Hero to Zero: The Fall of FTX

“Carpe Consensus” dives into crypto’s biggest story of the year, analyzing the latest developments and lessons learned from the collapse of Sam Bankman-Fried’s FTX exchange.

Dec 1, 2022
CDCROP: BlockFi co-founders Flori Marquez and Zac Prince (BlockFi)

BlockFi’s Rise and Fall: A Timeline

BlockFi, a crypto lending company, was founded in October 2017 and filed for bankruptcy in November, 2022 in the wake of FTX's collapse.

Nov 30, 2022

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CDCROP: Circle Chief Strategy Officer Dante Disparte (left) and Chief Executive Officer Jeremy Allaire (Nikhilesh De/CoinDesk)

Stablecoin Issuer Circle Cancels Plan to Go Public

The firm had announced plans to go public in July of 2021.

Dec 5, 2022
CDCROP: Sydney Opera House in Australia (Stanbalik/Pixabay)

Australian Crypto Exchange Swyftx Cuts 90 Jobs, Reduces Workforce by 35%

The exchange said that it does not have any direct exposure to FTX, however the job cuts are a result of crypto downturn caused by FTX.

Dec 5, 2022
Dubai (Kent Tupas/Unsplash)

Bybit to Lay Off 30% of Staff Amid Crypto Winter

The exchange is trying to 'refocus' amid a 'deepening bear market', its CEO said on Twitter.

Dec 5, 2022
CDCROP: GENESIS Logo Photomosh (Genesis Trading, Modified by CoinDesk)

Genesis Creditor Groups' Loans Amount to $1.8B and Counting: Sources

In addition to the previously reported group of Gemini customers owed $900 million, there are two other groups of Genesis creditors being represented by lawyers, CoinDesk has learned.

Dec 4, 2022