Cryptocurrency lender Genesis is preparing to file for bankruptcy as the company works towards a deal with creditors. The move would make it the latest casualty of the ongoing crypto bear market.
The U.S. Justice Department and Treasury Department have charged Hong Kong-based cryptocurrency exchange Bitzlato with money laundering and arrested its founder, Anatoly Legkodymov, in Miami.
Nasdaq-listed cryptocurrency exchange Coinbase has said it will halt operations in Japan over the volatile market conditions. Coinbase Japan users will have until February 16 to withdraw their fiat and cryptocurrency holdings.
Top stories in the Crypto Roundup today:
- Crypto Lender Genesis Prepares to File for Bankruptcy
- US Prosecutors Charge Crypto Exchange Bitzlato With $700 Million Financial Crimes
- Coinbase to Halt Operations in Japan
- Digital Assets are Increasingly Correlated to Equities