Crypto firm Genesis warns of bankruptcy if it does not get new funding

Its been tough times for crypto firms since FTX went down the toilet.

On this one, the early warning signs were around:

• Social media chatter that Digital Currency Group owes US$1.1 bn to Genesis

And, even earlier, from last week:

• Wall Street Journal reports that crypto lender Genesis had sought emergency loan of US$1bn

Leading coin Bitcoin Bitcoin Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Read this Term has been on the soft side through all of it. Its circa US$15600 as I update