Cryptocurrency Daily Update, November 16, 2022
Posted on 11/16/2022
The fallout from FTX’s shenanigans is impacting the cryptocurrency industry. Genesis Global Capital moved to suspend withdrawals in the wake of FTX’s collapse. Genesis Global Capital is the lending arm of crypto investment bank Genesis Global Trading. Last week, Genesis disclosed that its derivatives unit had about US$ 175 million in locked funds in its…
