The cryptocurrency market is preparing to witness the downfall of yet another notable name. Cryptocurrency lending platform Genesis is preparing to move forward this week with a filing for creditor protection under Chapter 11 of the US Bankruptcy Code, according to sources familiar with the matter cited by Bloomberg. The loan-focused company, which is owned … Read more
Mexico’s National Institute of Fine Arts and Literature (INBAL) is investigating whether millionaire Martin Mubarak really burned an original Frida Kahlo drawing for 10,000 NFT. The drawing, which is part of a painter’s diary, contains the words “Ominous ghostsIt is with this title that the evaluated work has become known, according to the Spanish newspaper … Read more
The filing for protection against creditors, under Chapter 11 of the US Bankruptcy Code, of Genesis Global Capital (or just Genesis, as it is commonly known), a crypto lending platform, has been filed in a US court. The company owes $3.4 billion (3.14 billion euros) to the 50 largest creditors, according to Reuters calculations based … Read more
The cryptocurrency market is preparing to witness the downfall of yet another notable name. Cryptocurrency lending platform Genesis is preparing to move forward this week with a file for creditor protection under Chapter 11 of the US Bankruptcy Code, according to sources familiar with the matter, quoted by Bloomberg. The loan-focused company, which is owned … Read more
Last Tuesday, British artist Damien Hirst began burning hundreds of his works after a group of collectors chose to keep an NFT copy of the pieces in question, ie, symbols non-fungibles (so-called cryptoart, based on the blockchain). Hirst, who became one of the most recognizable faces in the young British art scene in the 1990s, … Read more
