LIVENemiks
@Nemiks
crypto enthusiast, Degen trader, crypto trade.
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Genesis Files for Bankruptcy with U.S. Bankruptcy Court
Genesis Global Capital proposes bankruptcy, aiming to liquidate $1.6 billion in trust assets, including substantial holdings in Grayscale Bitcoin Trust, Grayscale Ethereum Trust, and Grayscale Ethereum Classic Trust.Genesis suggests filing for bankruptcyGenesis Global Capital, a crypto lending firm, has submitted a new request to the U.S. Bankruptcy Court in the Southern District of New York, seeking approval to liquidate around $1.6 billion in trust assets.According to the filing, Genesis, a subsidiary of the Digital Currency Group, holds assets including approximately $1.4 billion in Grayscale Bitcoin Trust shares, about $165 million in Grayscale Ethereum Trust shares, and approximately $38 million in Grayscale Ethereum Classic Trust shares.Additionally, the company has filed a separate motion to expedite the relevant deadlines, aiming to have the sale motion considered at the upcoming bankruptcy court hearing on Thursday, February 8.Proposed Sale of GBTCThe proposal to sell GBTC shares is connected to the initial collateral Genesis transferred to Gemini through the Gemini Earn program. Some of these shares originated from the bankruptcy of Three Arrows Capital. Genesis is also pursuing legal rights to 31,180,804 additional shares (valued at around $1.2 billion) pledged to Gemini but not yet transferred, with ownership currently disputed in court.Gemini, in response, referred to the filing as a significant advancement, especially following the approval of Grayscale Bitcoin Trust (GBTC) as an exchange-traded product (ETP) on January 10thEarlier this week, Genesis agreed to settle with the SEC by paying a $21 million fine from remaining funds after bankruptcy, resolving the agency's lawsuit related to the operation of the Gemini Earn program.
Genesis Global Capital proposes bankruptcy, aiming to liquidate $1.6 billion in trust assets.
Genesis Global Capital, a crypto lending firm, has submitted a new request to the U.S. Bankruptcy Court in the Southern District of New York, seeking approval to liquidate around $1.6 billion in trust assets.According to the filing, Genesis, a subsidiary of the Digital Currency Group, holds assets including approximately $1.4 billion in Grayscale Bitcoin Trust shares, about $165 million in Grayscale Ethereum Trust shares, and approximately $38 million in Grayscale Ethereum Classic Trust shares.Additionally, the company has filed a separate motion to expedite the relevant deadlines, aiming to have the sale motion considered at the upcoming bankruptcy court hearing on Thursday, February 8.The proposal to sell GBTC shares is connected to the initial collateral Genesis transferred to Gemini through the Gemini Earn program. Some of these shares originated from the bankruptcy of Three Arrows Capital. Genesis is also pursuing legal rights to 31,180,804 additional shares (valued at around $1.2 billion) pledged to Gemini but not yet transferred, with ownership currently disputed in court.Gemini, in response, referred to the filing as a significant advancement, especially following the approval of Grayscale Bitcoin Trust (GBTC) as an exchange-traded product (ETP) on January 10th.#Write2Earn #TrendingTopic #BTC
What are the benefits of cryptocurrencies over traditional currencies?
Cryptocurrencies are digital assets available to everyone and independent of central banks. You can use them to pay for some goods and services or easily send them to different countries.
Unlike traditional currencies, cryptocurrencies are not regulated by central banks and tend to be more resistant to inflation. The security of cryptocurrency transactions is enhanced by sophisticated algorithms, and digital assets can be used almost anywhere in the world. Cryptocurrency is convenient to pay for some purchases and services, as well as to transfer funds to relatives or friends in other countries.
The first cryptocurrency, Bitcoin, was created back in 2009. It gave a boost to the rapid development of digital assets and is now in the 1st place among all cryptocurrencies.
You can quickly and safely buy, sell or exchange Bitcoin and other cryptocurrencies in a Wallet.
#Write2Earn #TrendingTopic #Learn #CryptoNewbie $BTC $ETH $BNB
Cryptocurrencies are digital assets available to everyone and independent of central banks. You can use them to pay for some goods and services or easily send them to different countries.
Unlike traditional currencies, cryptocurrencies are not regulated by central banks and tend to be more resistant to inflation. The security of cryptocurrency transactions is enhanced by sophisticated algorithms, and digital assets can be used almost anywhere in the world. Cryptocurrency is convenient to pay for some purchases and services, as well as to transfer funds to relatives or friends in other countries.
The first cryptocurrency, Bitcoin, was created back in 2009. It gave a boost to the rapid development of digital assets and is now in the 1st place among all cryptocurrencies.
You can quickly and safely buy, sell or exchange Bitcoin and other cryptocurrencies in a Wallet.
#Write2Earn #TrendingTopic #Learn #CryptoNewbie $BTC $ETH $BNB
What is USDT and why use it?
Your Wallet supports the USDT stablecoin. Its price is pegged to the US dollar, so it is convenient to store digital assets in USDT and very easy to pay for many goods and services.
USDT can be an attractive way to protect your funds from inflation. In a Wallet, you can easily and safely convert your funds into stablecoins. In times of high inflation or economic instability, USDT stablecoins can help you keep your funds safe and protect them from fluctuations in local currency exchange rates.
How to buy stablecoins? It's easy โ just open your Wallet, tap "Add Crypto" under the total balance, and choose a suitable payment method.
#learn #crypto
$BTC $ETH $BNB #TrendingTopic #Write2Earn #learn2earn #CryptoNewbie
Your Wallet supports the USDT stablecoin. Its price is pegged to the US dollar, so it is convenient to store digital assets in USDT and very easy to pay for many goods and services.
USDT can be an attractive way to protect your funds from inflation. In a Wallet, you can easily and safely convert your funds into stablecoins. In times of high inflation or economic instability, USDT stablecoins can help you keep your funds safe and protect them from fluctuations in local currency exchange rates.
How to buy stablecoins? It's easy โ just open your Wallet, tap "Add Crypto" under the total balance, and choose a suitable payment method.
#learn #crypto
$BTC $ETH $BNB #TrendingTopic #Write2Earn #learn2earn #CryptoNewbie
Moving averages are used to analyze the average price of a cryptocurrency over a specific period of time. They help smooth out price fluctuations and identify trends. For example, a 50-day moving average calculates the average price over the past 50 days. It can give you an idea of whether the price is trending up or down.
Moving averages can provide insights into the price trends of cryptocurrencies. If the price consistently stays above the moving average, it may indicate an upward trend. Conversely, if the price consistently stays below the moving average, it may indicate a downward trend. Traders sometimes use the crossover of different moving averages to predict price movements. For example, if a short-term moving average crosses above a long-term moving average, it may suggest a potential price increase. However, it's important to note that moving averages do not guarantee accurate predictions. They simply offer some indications of potential price direction.
#cryptonewbie #learncrypto #MovingAverages #TrendingTopic #cryptoterms
Moving averages can provide insights into the price trends of cryptocurrencies. If the price consistently stays above the moving average, it may indicate an upward trend. Conversely, if the price consistently stays below the moving average, it may indicate a downward trend. Traders sometimes use the crossover of different moving averages to predict price movements. For example, if a short-term moving average crosses above a long-term moving average, it may suggest a potential price increase. However, it's important to note that moving averages do not guarantee accurate predictions. They simply offer some indications of potential price direction.
#cryptonewbie #learncrypto #MovingAverages #TrendingTopic #cryptoterms
The RSI (Relative Strength Index) is a popular technical indicator used by traders to analyze market trends. It helps determine whether an asset is overbought or oversold. When the RSI is high, it suggests that the asset is overbought and may experience a drop. Conversely, when the RSI is low, it indicates that the asset is oversold and may see a rise. Traders use the RSI to identify potential entry and exit points for their trades. That's a brief overview of the RSI indicator. Hope that clears things up a bit!
#Newbie #LearnCryptoTerms #TrendingTopic #Indicators #Manta
#Newbie #LearnCryptoTerms #TrendingTopic #Indicators #Manta
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$BTC ๐๐
BTC Hit 63000$ As expected! Even exceed!
For now It reject from 65k!
Now Plan is to see BTC Range and alts to see the Relief that we are all waiting for! Dominance will give some air to alts.
This weekend will probably be Bullish!
If we flip this 65 we can se 66100$
But don`t overestimate it and be Prepared for everything!
This game is Hard! Very Hard!
When you think about that we are back and to the moon again then the Rocket will stop from nowhere!
Enjoy the Weekend! This Sunday I will made an update about the plan with the Worst Case Scenario Coming!
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