- Genesis who pays 5.5% interest or even higher to borrow BCH used for massive shorting of Bitcoin-Cash, warns of possible bankruptcy. They claim their assets are "illiquid". Its easy to sell millions of BCH, but to cover and buy back isnt gna happen. So they need massive loans. https://www.theblock.co/post/188891/genesis-warns-of-possible-bankruptcy-without-funding-bloomberg 20 comments btc
- Genesis warns of possible bankruptcy without funding https://www.theblock.co/post/188891/genesis-warns-of-possible-bankruptcy-without-funding-bloomberg 381 comments cryptocurrency
Linking pages
- The Block: Justin Sun eyes up to $1 billion spend on DCG assets: Reuters https://www.theblock.co/post/202374/justin-sun-eyes-up-to-1-billion-spend-on-dcg-assets-reuters 21 comments
- The Block: Genesis owes $900 million to Gemini customers: Financial Times https://www.theblock.co/post/191928/genesis-owes-900-million-to-gemini-customers-financial-times 14 comments
Related searches:
Search whole site: site:www.theblock.co
Search title: The Block: Genesis warns of possible bankruptcy without funding: Bloomberg
See how to search.