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Genius Group liquidates Bitcoin treasury to pay $8.5M of debt

Genius Group has liquidated its Bitcoin treasury to raise $8.5 million in order to settle outstanding debts. The decision comes as the company faces financial challenges and aims to improve its balance sheet. The liquidation of its cryptocurrency holdings reflects a strategic move to address immediate liabilities. This action highlights the ongoing volatility and risks associated with holding digital assets in a corporate treasury.

Read the full article: Coin Telegraph

Panther Protocol deploys privacy infrastructure on Polygon

Panther Protocol has launched its privacy infrastructure on the Polygon network, enabling users to enhance their transaction privacy within the decentralized finance (DeFi) ecosystem. This deployment allows for the minting of privacy-preserving digital assets, which can be utilized across various DeFi applications. The integration aims to address growing concerns over

Here’s what happened in crypto today

Bitcoin's price experienced a slight decline, dropping below $27,000 amid ongoing market volatility. Ethereum also saw a decrease, with its value falling to around $1,600. In regulatory news, the U.S. Securities and Exchange Commission (SEC) announced a crackdown on unregistered crypto exchanges, intensifying scrutiny on

Crypto Polo Cup returns for its fourth edition in Palm Beach during Consensus Miami week

The Crypto Polo Cup is set to return for its fourth edition in Palm Beach, coinciding with Consensus Miami week. This event will feature a high-stakes polo match that integrates the world of cryptocurrency and blockchain technology. Participants and spectators can expect a blend of sportsmanship and networking opportunities within

The stablecoin queue: 20 banks and tech giants are waiting to issue tokens with Anchorage Digital

Twenty banks and tech companies are in line to issue stablecoins through Anchorage Digital, a digital asset platform. The demand for stablecoin issuance has surged as institutions seek to leverage blockchain technology for various financial applications. Anchorage Digital's platform is designed to facilitate the creation and management of

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Panther Protocol deploys privacy infrastructure on Polygon

Here’s what happened in crypto today

Crypto Polo Cup returns for its fourth edition in Palm Beach during Consensus Miami week

The stablecoin queue: 20 banks and tech giants are waiting to issue tokens with Anchorage Digital