A cryptocurrency lender, Genesis Global Capital, filed for bankruptcy on Thursday. The company listed the same range for estimated assets and liabilities, $1 billion to $10 billion. The parent company, Digital Currency Group, had been in confidential negotiations with various creditor groups amid a liquidity crunch, and Genesis had warned that it may need to file for bankruptcy if it fails to raise cash.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MrOm0JR
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