Would a Genesis Bankruptcy Actually Be Good for Crypto?



Yesterday, news outlets started reporting that a prepackaged bankruptcy for DCG subsidiary Genesis was close to completion. On today’s episode, NLW looks at the community’s reaction on whether this would be a good or bad thing for the space. He also reviews news that FTX bankruptcy CEO John J. Ray III is open to restarting the exchange.

(CoinDesk is an independent subsidiary of DCG.)

Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW –

Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26–28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Swoon” by Falls. Image credit: Cemile Bingol/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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Genesis BANKRUPTCY?! FTX Going to TURN BACK ON?! Gemini IN TROUBLE??



Genesis BANKRUPTCY?! FTX Going to TURN BACK ON?! Gemini IN TROUBLE?? There’s billions yes billions of dollars of missing money between FTX, FTX US, and Genesis along with Gemini Earn, wtf is going on?! Sub – https://voskco.in/sub

This is the best mining rig to buy this year – https://voskco.in/egm
use code VOSKCOIN to save!
Custody your own coins with a Trezor wallet – https://voskco.in/trezor
Keep your crypto in cold storage with a Ledger – https://voskco.in/ledger

Genesis filed bankruptcy leaving Gemini Earn customers wondering when or how they will be able to get their bitcoin, cryptocurrencies, and simply money back but the other crazy news is FTX for the first time considers turning FTX cryptocurrency exchange and FTX us cryptocurrency exchange back online. SBF Sam Bankman-fried the biggest scammer in crypto history cheers for the FTX news and continues to shout that FTX US is solvent and has always been… ah, another crazy week as a crypto investor.

Links
DCG’s Portfolio – https://dcg.co/portfolio/
Degentrading – is Barry Silbert another SBF? https://twitter.com/hodlKRYPTONITE/status/1595325206046072832

⏰ Timestamps ⏰
0:00 Genesis Files for Bankruptcy & FTX Turning Back On?
0:50 The Bitcoin Mining Container has arrived!
1:10 Will FTX be turned back on?
2:00 Genesis Owes Top 50 Creditors $3.5B
2:50 Winklevoss Twins v. Barry Silbert
3:55 The Gemini Earn Update from Cameron Winklevoss
5:43 Gemini Proof of Reserves
6:37 Recognizable Names among the Genesis Creditors
7:48 Is Bybit Affected by Genesis Bankruptcy?
8:58 BTC Miner CleanSpark is still expanding
9:48 Current Mining Profitability
10:06 Best Miner to Buy in 2023 – Evergreen!
11:17 An FTX Movie?

Follow us on our official social media accounts – https://voskco.in/23

VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.

#cryptocurrency #dcg #digitalcurrencygroup #gemini #genesis #bankrupt #ftx #bitcoin #crypto #cryptocurrency #ftxus

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Genesis Bankruptcy: Crypto markets DEFYING the FUD?



Hashoshi answers YOUR questions about the Genesis bankruptcy and why the crypto market has not been dented by it, as well as other topics like WEF, macroeconomic conditions, the economy, Bitcoin and more!

Alternative portfolio trackers:
https://cointracker.io
https://coinstats.app/
https://delta.app/en/

👾 Follow Hashoshi’s Crypto Over Coffee Podcast: https://anchor.fm/lho

🛑 // DISCLAIMERS & TRANSPARENCY // 🛑

🔺 This description box may contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission.

⚠️ Important ⚠️ The opinions and information presented in this video are strictly my own, or those of the interviewee featured in the episode, and are not representative of any other individual or entity. The content provided in this video is informational in nature and does not constitute financial advice, advice of any other nature, nor a call to action to purchase cryptocurrency assets of any kind. It is the responsibility of the viewer to conduct independent research and due diligence before making any financial or investment decisions related to the subject matter published on this channel, whether sponsored or unsponsored. Sponsorships, which are clearly disclosed, are informational in nature and do not constitute a call to action to purchase cryptocurrency, nor a direct endorsement from Hashoshi. This channel does not offer the purchase or sale of securities.

Hashoshi is not responsible, directly or indirectly, for any damage or loss caused by, alleged to be caused by, or in connection with the use of or reliance on any content, goods or services mentioned in this published media.

⏰ // Timestamps // ⏰
0:00 Crypto Q&A – subscribe for more!
0:21 Why didn’t Genesis bankruptcy hurt crypto prices?
2:58 My thoughts on WEF
4:44 Are we still in a crypto bear market? Macro conditions
9:14 What is a good crypto portfolio manager?
11:07 Why do Bitcoin maximalists hate other blockchains?
14:20 What is an EVM and what is its role in crypto ecosystems?
18:18 How much sleep is Hashoshi getting with the baby?
18:43 Toothbrush routine… 1) what
19:25 Comment or tweet your questions for next week!

#Hashoshi #Cryptocurrency #Bitcoin

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