In your nightly crypto news wrap-up, we bring you the top crypto stories. As BlockFi considers bankruptcy, crypto adoption marches on; and news of another lending platform freeze broke today–one has ties to grayscale; the company that owns 11 billion in Bitcoin.
What We Discuss:
0:20 Block On Lock
1:25 Market Watch
3:18 CBDC Pilot
4:06 Apple Pay Crypto
4:43 Gemini Split?
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We want to provide an update on where things currently stand with our lending business. In anticipation of the extreme market volatility yesterday, we hedged and sold collateral resulting in a total loss of ~$7M across all counterparties, including Alameda.
— Genesis (@GenesisTrading) November 9, 2022
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