January 21st

Jan 21, 2023

Good Morning,

For today’s MexicaNFTimes, we’ve got some great articles and news:

Crypto lender Genesis files for bankruptcy
New FTX boss John Ray could bring back bankrupt crypto firm
L’Oréal’s VC fund makes first metaverse investment with Digital Village

The MexicaNFTimes

Crypto lender Genesis files for bankruptcy

It is part of the Digital Currency Group (DCG), a conglomerate of more than 200 crypto-focused businesses. The insolvency of Genesis is linked to the bankruptcy of FTX, which went under last November amid allegations of fraud. Genesis had originally been set up as an "over the counter" Bitcoin trading desk, enabling the trade of large amounts of crypto…

2 years ago · Sofía Ponzanelli

The MexicaNFTimes

New FTX boss John Ray could bring back bankrupt crypto firm

He told the Wall Street Journal (WSJ) that he has set up a taskforce to explore restarting FTX.com to "recover more value" for people who lost money. A year ago FTX was valued at $32bn (£26bn), but it filed for bankruptcy protection in November. It has been estimated that $8bn worth of funds was missing…

2 years ago · Sofía Ponzanelli

The MexicaNFTimes

L’Oréal’s VC fund makes first metaverse investment with Digital Village

L’Oréal’s venture capital fund Business Opportunities for L’Oréal Development, or BOLD, announced a minority investment in metaverse and NFT startup Digital Village last week as part of a $4 million funding round for the company. This is L’Oréal’s fist venture capital investment in the metaverse and Web3 space, according to a company press release…

2 years ago · Sofía Ponzanelli

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