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digital currencies on the rise this morning even after breaking news late last night that Genesis filed for chapter 11 bankruptcy protection theres a reason that this gen us bankruptcy filing is the number one red Story the company listed over 100 000 creditors with Gemini at the top of that list it also had aggregate liabilities potentially as high as 11 billion dollars this puts Genesis alongside other Fallen crypto exchanges and lenders including block fi FTX Celsius and Voyager it has been a very very tough year for crypto but lets talk about what we could expect over the next 12 months David Bitcoin was soaring on Saturday surpassing 23 000 for the first time since mid-august of 2022 the next big thing is that following the footsteps of embattled FTX and blockfi another cryptocurrency lender Genesis Global holdco LLC and two of its subsidiaries have filed for bankruptcy indicating how the crypto fall has created a ripple effect in the market how long will Bitcoin survive the Ge