Today’s Top Crypto News, Wednesday November 16th

Today’s Top Crypto News, Wednesday November 16th

Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse– CoinDesk

The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.”

Abu Dhabi grants Binance financial services permission, economist hits out– CoinTelegraph

UAE’s capital city of Abu Dhabi has granted Binance permission to offer financial services, the latest in a series of regulatory approvals for the exchange in the Middle East.

Institutions Take Bearish Stance on Bitcoin, Create Arbitrage Opportunity – CoinDesk

“The record discount in the front-month bitcoin futures traded on the CME indicates institutions are biased bearish. The discount may attract arbitrageurs.”

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