{"id":83566,"date":"2023-01-06T00:10:34","date_gmt":"2023-01-06T05:10:34","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=83566"},"modified":"2023-01-05T23:19:43","modified_gmt":"2023-01-06T04:19:43","slug":"crypto-lender-genesis-trading-lays-off-30-of-workforce","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2023\/crypto-lender-genesis-trading-lays-off-30-of-workforce.html","title":{"rendered":"Crypto lender Genesis Trading lays off 30% of workforce"},"content":{"rendered":"\n<p>(CNBC) Genesis Trading, the embattled crypto lending arm of Barry Silbert\u2019s Digital Currency Group, has cut headcount by 30% as it faces increasing pressure from creditors and the looming threat of bankruptcy. Silbert\u2019s crypto conglomerate, which includes the <a href=\"https:\/\/www.cnbc.com\/quotes\/GBTC\/\">Grayscale Bitcoin Trust<\/a> (GBTC) and mining company Foundry, was hit by the market tumult of 2022 and the bankruptcy of crypto hedge fund Three Arrows Capital.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/01\/05\/crypto-lender-genesis-trading-lays-off-30percent-of-workforce.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Genesis Trading, the embattled crypto lending arm of Barry Silbert\u2019s Digital Currency Group, has cut headcount by 30% as it faces increasing pressure from creditors and the looming threat of bankruptcy. Silbert\u2019s crypto conglomerate, which includes the Grayscale Bitcoin [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83566","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=83566"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83566\/revisions"}],"predecessor-version":[{"id":83567,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83566\/revisions\/83567"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=83566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=83566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=83566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}