Here are the top three cryptocurrency stories from last week

Here are the top three cryptocurrency stories from last week

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Here are the top three cryptocurrency stories from last week

The Block2 months ago
EthereumEthereum
PolygonPolygon
Published on November 26, 2022 10:20 GMT+00:00edited on November 28, 2022 15:14 GMT+00:00

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As the FTX collapse continues to reverberate, knock-on effects are still being felt throughout the industry. Chief among them is DCG’s empire, with concerns that one of its flagship businesses, Genesis, could go bankrupt.

Binance has also reacted in its own way to the FTX meltdown, by setting up a $1 billion fund to help affected businesses.

On a separate note, MetaMask has come under fire for its data collection practices, with many crypto users now worried about their own privacy. MetaMask’s founder downplayed the impact.

Genesis in dire straits

Crypto lending business Genesis is facing possible bankruptcy after it took big hits from Three Arrows Capital and now FTX — all in the wake of the collapse of the cryptocurrency Luna earlier this year. Three Arrows cost it about $1 billion and …