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Genesis Creditors Hire Lawyers to Find Ways to Prevent Crypto Brokerage's Bankruptcy
30.11.2022
Genesis is in talks with creditors and potential investors, Bloomberg News reports
Bitcoin’s bottom might be below $15.5K, but data shows some traders turning bullish
28.11.2022
Bitcoin whales and market makers continue to add to their leverage long positions, even though it’s unclear whether $15,500 was the final bottom
Controlling shareholders' stakes in GBTC are 'highly illiquid': Report
28.11.2022
"It's net good news for GBTC shareholders and FUD fighting," said Selkis
Report: State Securities Regulators Probe Crypto Lender Genesis
26.11.2022
State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that the Alabama Securities Commission is looking into whether or not cryptocurrency firms have...
American regulators to investigate Genesis and other crypto firms
25.11.2022
Alleged securities violations and connections with retail investors are being investigated by the State of Alabama and several other states
US State Regulators Investigating Crypto Trading Firm Genesis Global Capital: Barron’s
25.11.2022
Several regulators, including the Alabama Securities Commission, are looking into whether Genesis may have violated securities laws, according to Barron’s
Report: Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital
25.11.2022
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to pause withdrawals. He added Luno customers still have access to funds in the savings wallet...
Study: 6,100 Crypto ATMs Installed in 2022, Figure 3 Times Less Than in Previous Year
24.11.2022
New data has shown that as many as 6,100 crypto and bitcoin automated teller machines were installed in the first eleven months of 2022. The latest figure is approximately three times less than the ATMs that were installed in 2021. The data shows that the United States, which has over 34,000 crypto...
Genesis Has $2.8 Billion in Outstanding Loans, Parent Company DCG Was Lent Substantial Amounts - Here’s What You Need to Know
23.11.2022
Troubled crypto trading and lending firm Genesis Global has lent out some $2.8bn to various crypto firms, including large loans to its parent company, Barry Silbert’s Digital Currency Group (DCG)....
Read More: Genesis Has $2.8 Billion in Outstanding Loans, Parent Company DCG Was Lent Substantial...
Genesis Global Capital Confirms Hiring Investment Bank Moelis, Talks With Potential Investors
23.11.2022
Genesis also started talks with its largest creditors and borrowers, including Gemini and DCG, to agree on a solution
First Mover Americas: FTX’s First Hearing, Genesis Seeks Help
23.11.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 23, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North
23.11.2022
Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two data centers have a total power capacity of around...
Genesis calls in restructuring expert in its fight to avoid bankruptcy
23.11.2022
It is understood Moelis & Company has been brought on to help the troubled lending firm explore all possible options
Ethereum bears have the upper hand according to derivatives data, but for how long?
22.11.2022
ETH bears continue to suppress Ethereum price, but institutional traders’ buying activity and exchanges’ aiming to provide more transparency could improve investor sentiment
Genesis Global Capital Has Hired Investment Bank Moelis to Explore Options Including Bankruptcy: New York Times
22.11.2022
Separately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis
FTX Latest – Crypto Prices Settle But FTX Only Has $1.24 Billion Cash, Bahamas and SBF Link, Genesis on Brink, FTX Japan Withdrawals
22.11.2022
Court filings show that FTX debtor companies have a total cash balance of just $1.24 billion.
News has also emerged that US prosecutors were investigating FTX well before the company collapsed.
A summary of the balances drawn up by business consultancy firm Alvarez & Marsal and filed by Edgar...
Crypto Firm Genesis Struggles to Raise Fresh Capital, In Talks with Binance – Next Domino to Fall From FTX Contagion?
22.11.2022
The troubled crypto trading firm Genesis is reportedly struggling to raise fresh funds for its lending unit - and may be headed into bankruptcy.
According to Bloomberg, citing people with knowledge of the matter, the company has spent the past several days looking to raise a minimum of $1 billion...
Genesis denies 'imminent' plans to file for bankruptcy
22.11.2022
The lending firm claims it's having "constructive conversations with creditors" and plans to resolve the situation without the need for a bankruptcy filing
Data shows traders are slightly bullish even as crypto’s total market cap falls under $800B
21.11.2022
The total crypto market cap has dropped under $800 billion, but data highlights a few reasons why some traders are bullish
Genesis Bankruptcy Jitters Send Bitcoin to Fresh Low
21.11.2022
The troubled crypto investment bank is in talks with potential investors for at least $1 billion in fresh capital, according to a Bloomberg report