Michael Moro leaves Genesis Trading amid growing financial struggles

One week after reporting a 9% decline in loan agreements through its lending desk, Genesis has reportedly laid off 20% of its workforce, and CEO Michael Moro is stepping down.

The post Michael Moro leaves Genesis Trading amid growing financial struggles appeared first on CryptoSlate.

Kraken CEO hopes to buy a Bugatti for 1 Bitcoin by year-end

San Francisco-based exchange company Kraken‘s CEO Jesse Powell recently told Bloomberg that he was still bullish on Bitcoin and hoped to buy one Bugatti for one Bitcoin by the end of 2022.

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Celsius set to burn $137.2M in 3 months as bankruptcy proceedings continue

Embattled crypto lender Celsius, which filed for Chapter 11 bankruptcy in July, filed new documents in court on August 14, detailing its budget for August through October.

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Siacoin creator Skynet to keep operating despite announced shutdown

Siacoin’s (SC) parent company, Skynet Labs, has announced that it will shut down operations after failing to raise sufficient funds in its latest funding round.

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Huobi founder Leon Li in talks to sell his shares for up to $3B

Crypto exchange giant Huobi’s founder and CEO Leon Li is in talks with investors to sell his majority stake for $2 billion to $3 billion.

The post Huobi founder Leon Li in talks to sell his shares for up to $3B appeared first on CryptoSlate.

Mark Cuban is getting sued for promoting Voyager Digital

Billionaire owner of the Dallas Mavericks basketball team, Mark Cuban, is facing a class action lawsuit by Voyager Digital investors and Mavericks fans for promoting Voyager Digital, which filed for chapter 11 bankruptcy on July 5, 2022.

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