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Nalezeno "Genesis": 728

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...

BTC, ETH Hold Steady After Genesis' Bankruptcy, Crypto Traders Say Bad News Was Priced In

20.1.2023
The path of least resistance for crypto is on the higher side, one observer said, drawing attention to bitcoin's tendency to carve out double-digit gains during the Chinese New Year holidays

Cameron Winklevoss Threatens Legal Action Against DCG CEO After Genesis Bankruptcy

20.1.2023
The Gemini CEO has been involved in a weeks-long public spat with DCG over the repayment of a $900 million loan

Genesis Owes Over $3.5B to Top 50 Creditors

20.1.2023
Genesis has over 100,000 creditors between the of its companies that declared bankruptcy

Crypto lender Genesis files for bankruptcy

20.1.2023
Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York

Genesis' Crypto Lending Businesses Files for Bankruptcy Protection

20.1.2023
The collapse of FTX was the final straw for Genesis, which earlier this year suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital

First Mover Americas: BTC, ETH Drop Amid Genesis Bankruptcy Reports

19.1.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets

Top Crypto Media Site CoinDesk Puts Itself Up For Sale - Is This A Sign of How Deep DCG’s Liquidity Problems Are?

19.1.2023
Crypto news website CoinDesk has tapped advisors at Lazard, a leading financial advisory and asset management firm, to explore a full or partial sale of its business. The move comes as CoinDesk's sister company Genesis has been hit with a liquidity crunch following the collapse of FTX.... Read...

CoinDesk could be up for grabs as parent company DCG scrambles for funds

19.1.2023
DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500 thousand would be a 39,900% return on its initial investment

Crypto Markets Today: Bitcoin Falls Below $21K; Genesis Nears Bankruptcy Filing; Bitzlato Founder Arrested

18.1.2023
Bitcoin fell 2% to trade at the $20,700 level, while ether was trading down 3% to the $1,530 level. Equities closed down

Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis

18.1.2023
According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. Securities and Exchange Commission (SEC) charging a subsidiary firm of DCG, Genesis...

Genesis to Declare Bankruptcy Soon While DoJ to Announce Major International Crypto Enforcement Action - Bitcoin Drops

18.1.2023
Bloomberg reports that Genesis may be getting ready to declare bankruptcy. The troubled crypto lender has been under the shadow of insolvency for weeks, following the credit crisis that has hit the crypto industry. Genesis was one of the largest lenders in the space, often acting as a third-party...

Genesis is planning to file for bankruptcy: Report

18.1.2023
Another one bites the dust? Reports suggest the initial filing could come later this week

Crypto Brokerage Genesis Global Capital May Be Nearing Bankruptcy Filing: Reports

18.1.2023
Genesis had previously halted customer withdrawals following FTX's epic collapse

Today in Crypto: Coinbase Halts Japan Operations, Digital Currency Group is Suspending Quarterly Dividends, Amber Group is Slashing Costs and Jobs

18.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Coinbase Halts Japan Operations, Digital Currency Group is Suspending Quarterly Dividends, Amber Group...