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Cryptocurrencies: 24151
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Cryptocurrencies: 24151
Markets: 92278
Market Cap: $3,597,361,398,400     
24h Vol: $316,655,814,603
CoinGape 2022-11-22 07:20:52

Genesis Facing Both Liquidity And Insolvency Issues, Here’s Why

Genesis Facing Both Liquidity And Insolvency Issues, Here’s Why
Crypto brokerage firm Genesis reduced its fundraising target from $1 billion to $500 million after facing difficulty raising fresh capital. Ram Ahluwalia, CEO of Lumida Wealth Management, believes Genesis is not just facing liquidity issues, but also insolvency. DCG and Grayscale are facing the contagion effect as a result of Genesis. Genesis Facing Liquidity and Insolvency The post Genesis Facing Both Liquidity And Insolvency Issues, Here’s Why appeared first on CoinGape .
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