Genesis' Crypto Lending Businesses Files for Bankruptcy Protection \ stacker news ~bitcoin

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Genesis' Crypto Lending Businesses Files for Bankruptcy Protection www.coindesk.com/business/2023/01/20/genesis-global-files-for-bankruptcy-protection

74 sats \ 5 comments \ @cryptocoin 20 Jan 2023 bitcoin

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25 sats \ 0 replies \ @satcat 20 Jan 2023

Interestingly, BTC gaining on this news

25 sats \ 2 replies \ @NorthKoreanHostage 20 Jan 2023

Crypto loans are almost always stupid.

25 sats \ 0 replies \ @Jonathan_Adly 20 Jan 2023

With collateral; it’s okay- won’t do it personally, but can work. Without collateral it’s as dumb as send your Bitcoin and I will send you double scam.

25 sats \ 0 replies \ @rax0m 20 Jan 2023

Why? Bitcoin loans will be the main form of a loan in the future. Loans definitely serve a purpose.

That being said I'm not lending my sats to anyone (for a long while at least).

25 sats \ 0 replies \ @2bithits 20 Jan 2023

Nice