Hello, ApolloXplorer!Have you seen today’s key headlines yet?<h2 id="header-0">#1. Genesis' crypto lending businesses files for bankruptcy protection</h2>Genesis Global, the parent company of crypto lender Genesis Global Capital, has filed for Chapter 11 bankruptcy protection.Genesis Global Holdco, LLC and its subsidiaries Genesis Asia Pacific Pte. Ltd and Genesis Global Capital, LLC filed a trio of voluntary petitions with the bankruptcy court. All three fall under the umbrella of Digital Currency Group.In its filing, Genesis Global Capital, the partner firm to Gemini's defunct Earn program, estimated more than 100,000 creditors and between $1 billion and $10 billion in liabilitie and assets.The two other entities estimated their assets and liabilities in the $100 million and $500 million range, respectively.Source: <a href="https://www.coindesk.com/business/2023/01/20/genesis-global-files-for-bankruptcy-protection/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-1">#2. Nexo agrees to $45M settlement with SEC</h2>Crypto lender Nexo Capital agreed to pay $45 million in penalties to the U.S. SEC and the North American Securities Administrators Association (NASAA) for failing to register the offer and sale of its Earn Interest Product (EIP).Nexo agreed to pay a $22.5 million penalty and cease its unregistered offer and sale of the EIP to U.S. investors.The additional $22.5 million will be paid in fines to settle similar charges by state regulatory authorities.Source: <a href="https://cointelegraph.com/news/nexo-agrees-to-45m-settlement-with-sec-and-nasaa-over-earn-product" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-2">#3. Huobi confirms Justin Sun as leader</h2>Crypto exchange Huobi confirmed Thursday that Justin Sun, founder and CEO of Tron, is not just a member of the Global Advisory Board but is leading the exchange.“Under the leadership of Justin Sun, it can be said that Huobi has embarked on the path to rebirth,” the blog post said.Sun had became a Global Advisory Board member in October, shortly after Hong Kong-based investment company About Capital Management became the majority stakeholder of Huobi.The timing has sparked rumors in the industry that Sun might be a shadow investor behind About Capital, but representatives for Sun said that he is not an owner of the company. Sun himself has confirmed that he owns tens of millions of Huobi’s HT tokens.Source: <a href="https://www.coindesk.com/business/2023/01/19/huobi-confirming-justin-sun-as-leader-takes-aim-at-rat-trading/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-3">#4. Robinhood rolls out crypto wallet</h2>Robinhood has launched the Robinhood Wallet, a smartphone app that allows users to swap and transfer crypto, and view owned NFTs and crypto.It will roll out to over 1 million waitlisted users via an access code.The app was previously released in beta to just 10,000 waitlisted customers in September.Source: <a href="https://decrypt.co/119594/robinhood-wallet-metamask" rel="noopener noreferrer nofollow">Decrypt</a><h2 id="header-4">#5. Busan to establish digital assets exchange</h2>Busan City in South Korea will establish a decentralized digital commodities exchange.Officials said the platform is scheduled to start operations this year and will support local cultural content via digital assets.The exchange will include tokenization of intellectual property rights in the film and game fields, as well as gold, precious metals, agricultural and livestock products, ships, real estate, etc.The plan involves coordinating domestic financial companies and digital asset exchanges and building a transaction support system serving as the basis for the exchange.Source: <a href="https://cointelegraph.com/news/city-of-busan-to-establish-digital-assets-exchange-report" rel="noopener noreferrer nofollow">Cointelegraph</a>--The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/cmccommunity" rel="noopener noreferrer nofollow">here</a>.Stay up to date with ApolloX!<a href="https://t.me/ApolloX_Finance" rel="noopener noreferrer nofollow">Telegram</a> |<a href="https://twitter.com/ApolloX_Finance" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://www.facebook.com/ApolloXFinance" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.instagram.com/apollox_finance/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://apollox.link/blog-discord" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://coinmarketcap.com/community/profile/ApolloX" rel="noopener noreferrer nofollow">CMC</a>

Crypto News of the Day: Genesis files for bankruptcy protection, Robinhood rolls out crypto wallet

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