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Nalezeno "genesis": 722

Genesis' bankruptcy filing was decided by independent committee according to DCG

20.1.2023
A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection

What's Next for Genesis Creditors? It Depends on What's in the Bankruptcy Filing

20.1.2023
Eric Snyder, partner at Wilk Auslander LLP, says that a substantial amount of haircuts are likely to be made, but that depends on the petition Genesis’ trio of companies filed

Opinion: Digital Currency Group's Genesis implosion marks another bottom in trust for crypto

20.1.2023
Genesis, a subsidiary of Barry Silbert's Digital Currency Group, filed for Chapter 11 bankruptcy on Jan. 19. Its default could have big implications for the crypto industry

Coindesk Up for Sale? Investors Circle Crypto News Publication Amidst Genesis Bankruptcy

20.1.2023
According to various reports, investors are reportedly interested in purchasing Coindesk, a cryptocurrency news publication. On Jan. 18, Wang Feng, founder of China-based news publication Marsbit, announced his intentions to purchase Coindesk along with other members of the crypto industry. This...

Genesis Claims $5.1B in Liabilities in First Day Bankruptcy Filing

20.1.2023
Three of the institutional crypto brokerage's entities filed for Chapter 11 protection late Thursday

Fairfax County, Virginia Pension Funds Exposed to Genesis Bankruptcy

20.1.2023
Two Washington, DC-area pensions invested $35 million in a VanEck fund listed as a Genesis creditor

Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure

20.1.2023
The Chicago-based firm was listed among Genesis' creditors in the amount of $18 million, but Cumberland said that's too high. The document includes "misleading and incorrect information," Cumberland tweeted

Crypto Lender Genesis Global Capital Is FTX's Largest Unsecured Creditor

20.1.2023
Crypto exchange FTX and it's affiliated subsidiaries owed Genesis Global Capital over $226 million, according to a recent filing

Top 3 Reasons Why Crypto Prices Are Not Plummeting After Genesis Bankruptcy News

20.1.2023
Genesis is one of the largest companies in the Bitcoin and crypto space, and has this morning announced that they are to be entering into a chapter 11 bankruptcy filing, after many of the loans that they issued to various parties in the crypto space soured. Many in the cryptocurrency space...

Digital Currency Group Owes Subsidiary Genesis Global Over $1.65B

20.1.2023
The crypto finance firm filed for Chapter 11 bankruptcy yesterday, with debts around $3.5 billion

Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit

20.1.2023
Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Genesis claims to have “ample liquidity to support its ongoing business operations...

Bitcoin, Ethereum Technical Analysis: BTC Back Above $21,000 Despite Genesis Bankruptcy

20.1.2023
Bitcoin crept back up to the $21,000 level on Friday, as volatility in the cryptocurrency market remained high. After falling by nearly 4% in Thursday’s session, the global market cap is up by 1.14% as of writing. This comes despite the news that crypto lender Genesis has recently filed...

First Mover Americas: Bitcoin, Ether Rise Slightly After Genesis' Chapter 11 Filing

20.1.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 20, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets

Genesis bankruptcy filing sparks various community responses

20.1.2023
A crypto analyst illustrated how crypto firms were potentially connected throughout all the recent bankruptcies

Genesis’ crypto lending businesses file for Chapter 11 Bankruptcy Protection

20.1.2023
Genesis, along with its 2 subsidiaries, filed for Chapter 11 bankruptcy protection last Thursday following the collapse of FTX and Three Arrows Capital. The application has been filed by Genesis Global Holdco, Genesis Asia Pacific Pte, and Genesis Global Capital, seeking a joint administration...

Bybit CEO offers clarity on exposure to Genesis, but community demands more

20.1.2023
The community questioned Bybit’s timing in revealing their exposure now and many demanded proof to back up the reassurance from the CEO

Genesis Files for Bankruptcy as it Seeks Protection From its Creditors – Which DCG Unit is Next to Fail?

20.1.2023
After months of struggling, crypto lending and trading firm Genesis has filed for bankruptcy - but it's not the end of its troubles. Genesis, a unit of the Digital Currency Group (DCG), said in a press release that Genesis Global Holdco, LLC and two of its lending business subsidiaries, Genesis...