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Court Frees Genesis to Sell GBTC Shares Worth $1.3B to Compensate Clients

15.2.2024
Genesis Global obtained bankruptcy court approval on Wednesday to sell its Grayscale Bitcoin Trust (GBTC) shares. The bankrupt crypto lender can now sell its 35m GBTC shares worth over $1.3b as part of efforts to reimburse customers. In a Feb. 14 hearing conducted via Zoom, Judge Sean Lane signed...

Report: Genesis Global Cleared to Unload $1.3 Billion in GBTC Shares

15.2.2024
Genesis Global Capital has received authorization to offload its stake in Grayscale’s Bitcoin Trust (GBTC), valued at approximately $1.3 billion. Genesis Global Permitted to Liquidate $1.3 Billion in Bitcoin Trust Shares According to Bloomberg, Genesis Global Holdco LLC secured Judge Sean...

Grayscale and DCG Object to Genesis’ $1.6B Trust Shares Liquidation Plan

12.2.2024
On February 12, Digital Currency Group (DCG) and Grayscale raised objections to bankrupt lender Genesis’ plan to sell off its assets. This includes shares in Grayscale’s Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Classic Trust (ETCG), amounting...

Genesis seeks court approval to sell GBTC shares worth $1.4B

5.2.2024
Genesis Global Capital, a presently inactive entity that was engaged in cryptocurrency lending, has recently submitted a revised motion to the United States Bankruptcy Court for the Southern District of New York. This is in reference to its need to receive approval for liquidating trust assets...

Crypto Bank Savior New York Community Bancorp Sees 40% Drop in Shares

1.2.2024
New York Community Bancorp (NYCB), the savior of failed Signature Bank, has witnessed a sharp decline of 40% in its shares. The bank’s shares took a hit on Wednesdau after the decision to cut dividend to strengthen its capital and the announcement of an unexpected loss, according to a report...

Binance to Reduce Stake in South Korean Digital Asset Exchange GOPAX

31.1.2024
Cryptocurrency exchange Binance is looking to reduce its majority stake in GOPAX, a digital asset exchange based in South Korea. According to a new report from local media sources, Binance is considering selling some of its shares. The exchange will reveal its decision within a month or two citing...

Vitalik Buterin shares crypto+AI applications’ promises and challenges

31.1.2024
Vitalik Buterin, the co-founder of Ethereum, has highlighted that there are certain promises and challenges that the combination of AI + crypto brings with it. This comes in the wake of both technologies gaining momentum. Their adoption is rising with time, and implementation is only obvious....

Decentraland shares 2024 Manifesto, charts the future route

30.1.2024
Decentraland has highlighted that it is aiming to launch the powerful Desktop Client, laying the groundwork for what is about to come—future VR plus mobile versions. This is based on the developments that Decentraland has seen with its launches in the previous year, which was 2023. This includes...

Coinbase shares expert views on the state of bridging in 2024

30.1.2024
Coinbase recently shared its expert views on the state of bridging in 2024. The official post by Coinbase read that bridges have become a pivotal infrastructure for service providers, users, and protocols. There are three types of bridges primarily being used in the market: Bridge Aggregators...

Theta Network shares its roadmap for 2024

29.1.2024
Theta Network has sparked excitement in its native community. It has laid down the roadmap for 2024, with Edge Cloud at its center. The hybrid cloud computing platform has taken inspiration from the collaboration between the Network and Google, bringing out the best of Cloud and Edge architecture....

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