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explainers - 1 Matthew Ballensweig - 1 Ballensweig - 1
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☆ Bitcoin briefly crosses $72,000 for first time since mid-March and ether soars 8%: CNBC Crypto World
  + stars: | 2024-04-08 | by ( Brandon Gomez | Jordan Smith | Talia Kaplan | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin briefly crosses $72,000 for first time since mid-March and ether soars 8%: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, BitGo's Matthew Ballensweig, who is the head of Go Network, weighs in on what's driving crypto prices. Ballensweig also explains what he believes is the "defining moment" for bitcoin.
Persons: explainers, Matthew Ballensweig, Ballensweig Organizations: CNBC Crypto, CNBC, Go Network
☆ Ex-Genesis execs raised millions for crypto hedge fund just as former company neared bankruptcy
  + stars: | 2023-01-21 | by ( Mackenzie Sigalos Rohan Goswami | Mackenzie Sigalos | Rohan Goswami | ) www.cnbc.com   time to read: +3 min
Just weeks before crypto lender Genesis filed for bankruptcy, three former employees of the company had secured millions of dollars for a new crypto hedge fund, according to correspondence viewed by CNBC. Gemini, a crypto exchange and major Genesis client, accused Ballensweig of falsely reassuring Gemini in July that Genesis was financially stable. The ex-Genesis employees teamed up with Adam Guren from hedge fund Hunting Hill, Ballensweig said. Hunting Hill is a $718 million hedge fund, which launched in 2010 and moved into digital asset investing in 2020 with a crypto opportunities fund. Neither Hunting Hill nor Bessemer immediately responded to a request for comment.
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