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Crypto firms rush to allay Genesis contagion fears as stocks crater

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Several crypto stocks traded down throughout the day on Wednesday, while crypto bank Silvergate bucked the trend.

The terminated sponsorship deal with esports giant TSM represents yet another fractured partnership for the fallen crypto exchange.Senate Banking Committee eyes hearing on Sam Bankman-Fried's FTX collapse

A key Senate committee could hold a hearing to investigate the collapse of crypto exchange FTX. The Senate Banking Committee is “working to schedule a hearing and details are forthcoming,” according to a Democratic committee spokesperson. FTX, once valued at $32 billion, filed for bankruptcy protection last week. The push to schedule a Senate hearing […]

 

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Genesis crypto lending arm suspends customer withdrawals after FTX meltdownThe lending arm of crypto broker Genesis Global Trading says it has suspended its redemptions and new loan originations following the collapse of crypto market FTX. The Crypto implosion continues. The dominos start to fall. MANCHINJOE III2900--2021-07-24BANKMAN-FRIEDSAMUELFTX US MANCHINJOE III2900-- 2021-07-24BANKMAN-FRIEDSAMUELFTX US
Source: FoxBusiness - 🏆 458. / 53 Read more »