Aave
RT @Blockworks_: .@AaveAave keeps shipping new products:

- Launched its own stablecoin $GHO
- Launched @LensProtocol

And it just launched a V3 cloud upgrade. 👀

Learn how it plans to take over DeFi at @Permissionless:
https://t.co/LuXhiSk7ME https://t.co/BxTC2xot7Q
tweet

Genesis owes over $3.5 billion to its top 50 creditors, which includes @Gemini, @CumberlandSays, Mirana and others, according to the crypto lender's bankruptcy filing. @thesamreynolds reports.

MEXC will be launching FXSUSDT & VRAUSDT futures at 05:00 on Jan 20 (UTC).
💰Trade to Win 10,000 $USDT Bonus

National Australia Bank (NAB) 🇦🇺 is set to become the second “Big 4” Australian bank to launch an Australian dollar-pegged #stablecoin on the #Ethereum network.

Genesis' Crypto Lending Businesses Files for Bankruptcy Protection. Genesis Global Holdco LLC, the parent company of troubled cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection after being pummeled by two of 2022's biggest industry collapses.
Genesis Global Holdco, LLC and its subsidiaries Genesis Asia Pacific Pte. Ltd and Genesis Global Capital, LLC filed a trio of voluntary petitions with the bankruptcy court. All three fall under the umbrella of Digital Currency Group, which also owns CoinDesk. Genesis has moved for joint administration of the cases.
In its filing, Genesis Global Capital, the partner firm to Gemini's defunct Earn program, estimated more than 100,000 creditors and between $1 billion and $10 billion in liabilities, as well as assets. The two other entities estimated their assets and liabilities in the $100 million and $500 million range, respectively.
Those companies comprise Genesis' crypto lending business that was rocked last year by the implosions of hedge fund Three Arrows Capital and crypto exchange FTX. Genesis' other subsidiaries involved in the derivatives and spot trading and custody businesses as well as Genesis Global Trading were not included in the filing and continue client trading operations, according to a press release.
In its filing, Genesis Global Capital said it expects that through the restructuring process, there will be money left over to pay unsecured creditors – a group that can get wiped out in bankruptcy cases if the situation is extremely dire.
Shortly after FTX collapsed into its own bankruptcy case in November, Genesis Global Capital was forced to suspend customer withdrawals, which hurt customers of a yield product offered by the Winklevoss twins' crypto exchange, Gemini.
Genesis had been scrambling to raise fresh capital or reach a deal with creditors. It – along with parent company Digital Currency Group (DCG), which also owns CoinDesk – was under increasing pressure to make good on $900 million of locked deposits.
The bankruptcy "is a crucial step towards us being able to recover your assets," Gemini's Cameron Winklevoss tweeted shortly after the filing was announced.
Genesis late last year retained investment bank Moelis & Co. to assist with exploring options.
Before FTX dealt a blow to Genesis, the failure of crypto hedge fund Three Arrows Capital had caused hundreds of millions of dollars in losses for the firm, CoinDesk reported first last year.
Earlier this month, Genesis announced it was laying off 30% of its staff, taking it down to 145 employees.
Thursday's bankruptcy filing could have broader implications for bitcoin as Genesis and digital assets manager Grayscale share the same parent company in DCG. Grayscale operates the Grayscale Bitcoin Trust (GBTC), which has $10 billion-plus in assets under management and was late last year trading at a record discount to net asset value, although that discount has narrowed recently. There are market fears that the repercussions of the Genesis bankruptcy could somehow lead to the liquidation of GBTC's holdings of 600,000+ bitcoin.

Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022

Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis… read more:
https://news.bitcoin.com/silvergate-capital-incurs-loss-of-1-billion-in-q4-of-2022/

Bitcoin, Ethereum Technical Analysis: BTC Back Above $21,000 Despite Genesis Bankruptcy

Bitcoin crept back up to the $21,000 level on Friday, as volatility in the cryptocurrency market remained high. After falling by nearly 4% in Thursday’s session, the global market cap… read more:
https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-back-above-21000-despite-genesis-bankruptcy/

Davos 2023: CBDCs Are the Future of Central Bank Money but They Are Still Not Ready

A World Economic Forum WEF panel comprised of central bankers and global tech providers has profiled central bank digital currencies CBDCs as the future of central bank money, presenting them… read more:
https://news.bitcoin.com/davos-2023-cbdcs-are-the-future-of-central-bank-money-but-they-are-still-not-ready/

Axie Infinity’s Monthly Player Count Drops to Low Not Seen Since November 2020

After recording $4.26 billion in total non-fungible token NFT sales, the play-to-earn game Axie Infinity’s monthly player count has dropped to levels not seen since November 2020, a period of… read more:
https://news.bitcoin.com/axie-infinitys-monthly-player-count-drops-to-low-not-seen-since-november-2020/

FBI Seizes Bitcoin From Overseas Scammers Who Posed as US Law Enforcement Officials

The Federal Bureau of Investigation FBI says it has seized bitcoin worth millions of dollars from overseas scammers targeting the elderly. The scammers posed as members of U.S. law enforcement… read more:
https://news.bitcoin.com/fbi-seizes-bitcoin-from-overseas-scammers-who-posed-as-us-law-enforcement-officials/

Top Gainer Watch: #AXS (
@AxieInfinity
) is up 39.5% today ahead of its token unlock happening later today.

4.89M $AXS tokens, representing 1.8% of its total supply, will be unlocked.

China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs

The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use… read more:
https://news.bitcoin.com/china-backed-blockchain-project-proposes-swift-alternative-for-stablecoins-and-cbdcs/

Several Crypto Exchange Websites Taken Down in Kazakhstan

Financial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized during searches in the northern… read more:
https://news.bitcoin.com/several-crypto-exchange-websites-taken-down-in-kazakhstan/