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Today in Crypto: STEPN Reveals Apple Pay Integration, Huobi Ordered to Stop Operations in Malaysia, Hotbit Closes Shop, DCG Missed a $630M Payment, BXB Capital Raising Capital Exclusively in BTC
22.5.2023
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: STEPN Reveals Apple Pay Integration, Huobi Ordered to Stop Operations in Malaysia, Hotbit Closes Shop,...
Gemini considers forbearance after DCG defaults on a $630M payment
22.5.2023
Gemini is planning to file a new motion with the court seeking the return of $1.1 billion of digital assets from DCG-owned Genesis
Gemini Says Genesis Parent DCG Missed $630 Million Payment
22.5.2023
Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default
DCG settlement with Genesis still undecided as 30-day mediation period proceeds
10.5.2023
The settlement plan proposed in February would give Genesis creditors 80% recovery of funds but many raised demands, leading to the mediation
DCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital
9.5.2023
The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments
Digital Currency Group CFO Michael Kraines Stepped Down in April
2.5.2023
The crypto conglomerate also paid off a $350 million senior secured term loan, which was issued by a lender syndicate led by Eldridge
Genesis settlement disrupted by new creditor demands, DCG says
25.4.2023
Under the initial settlement plan, Genesis creditors were expected to receive 80% recovery of funds lost due to the bankruptcy
Genesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization
25.4.2023
The move by Genesis creditors comes months after they had appeared to reach an initial agreement with Genesis-owner DCG
CoinDesk Indices Joins With Luno to Help South African Users Track Crypto Investment Bundles
17.4.2023
The partnership will see launch of Luno Large Cap Bundle, helping customers to easily manage and maintain different investment strategies
Crypto Exchange Luno Rejigs Leadership Roles as It Seeks to Boost Investor Base, Eyes Public Listing
22.3.2023
CEO Marcus Swanepoel is moving into a new role as executive chairman, and COO James Lanigan has been promoted to CEO
Santander, HSBC, Deutsche and Others Still Willing to Serve Crypto Clients After Banking Failures, DCG Says
14.3.2023
Major banks are still willing to work with crypto firms though they may implement service restrictions, according to messages viewed by CoinDesk
Alameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees
6.3.2023
The bankrupt trading firm is seeking injunctive relief to allow FTX debtors to realize what it claims is more than $250 million in asset value
Crypto Bank Charter Firm Protego Trust Lays Off Most of Its Workforce: Source
1.3.2023
DCG losses top $1B on the back of 3AC collapse in 2022
28.2.2023
The crypto conglomerate reported that falling crypto prices and the fallout from Three Arrows Capital’s loan default to Genesis affected its results
Crypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022
27.2.2023
DCG held cash and cash equivalents of just $262 million at the end of 2022, while investment assets amounted to $670 million
Grayscale’s GBTC Discount Widens to Near-Record High
13.2.2023
Shares of the bitcoin trust are selling at a 47% discount to its net asset value. The discount has been increasing over the past week
Genesis Unveils Proposed Sale Plan With DCG, Bankruptcy Creditors
10.2.2023
Parent company Digital Currency Group would turn its equity in Genesis Global Trading over to a holding company as part of an effort to sell both firms
DCG offloads Grayscale shares to raise capital: Report
8.2.2023
The purported sales are the latest measures the embattled firm has taken following moves in recent months to raise capital and preserve liquidity
First Mover Asia: Bitcoin Flirts With $23.4K as Jerome Powell Repeats Comment About Waning Inflation; Market Weighs DCG-Genesis Deal With Creditors
8.2.2023
ALSO: Stakeholders in the venture capital industry explain why embattled crypto trading firm Alameda Research will not be missed. Bitcoin and ether rise
DCG Is Selling Holdings in Grayscale: Financial Times
7.2.2023
Digital Currency Group (DCG) has started selling holdings in several investment vehicles run by its subsidiary and digital assets manager Grayscale at a steep discount