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Digital Currency Group has Settled Over $1 Billion in Debt, Including $700 Million Owed to Bankrupt Genesis
8.1.2024
Source: Digital Currency Group Digital Currency Group (DCG) has successfully settled over $1 billion in debt, including the substantial amount of nearly $700 million owed to its bankrupt subsidiary, Genesis. The announcement came from DCG CEO Barry Silbert, who took to the social media platform...
The Genesis Block: The First Bitcoin Block
3.1.2024
Satoshi Nakamoto mined the Genesis Block on Jan. 3, 2009. That was three months after the pseudonymous inventor published the Bitcoin white paper in an online cryptography forum. People now call Jan. 3 “Genesis Block Day.”
DCG Can't Sell or Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules
19.12.2023
Genesis requested a New York bankruptcy court to bar ownership changes to secure tax benefits on around $700 million worth of operating losses
Analogue Duo: The Kotaku Review
11.12.2023
You know Analogue: The company that makes those premium-priced retro consoles that sell out in three minutes, at which point Analogue tweets “Sold out.” as if you needed reminding that its damn website crashed while you were struggling to complete your purchase. But while Analogue can...
Just Make An Overwatch Animated Series Already
1.12.2023
The Overwatch series has fumbled the bag a few times since its 2016 debut, but one of the most confounding things developer Blizzard has done is not lean into its storytelling prowess. Overwatch’s animated shorts have consistently provided heartwarming, often poignant stories that weave together...
Dreamcast, Virtual Boy, And More Hardware That Was Ahead Of Its Time
1.12.2023
This story is part of our new Future of Gaming series, a three-site look at gaming’s most pioneering technologies, players, and makers.Read more
Genesis Reaches Settlement With Parent Company DCG in $620M Lawsuit
29.11.2023
Source: AdobeStock / Timon The beleaguered crypto lender Genesis and its parent company, Digital Currency Group (DCG), have reached a settlement that could end the protracted lawsuit aimed at recovering $620 million in repayments from DCG. DCG Commits to Settling $324.5M in Loans by April According...
Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing
29.11.2023
The deal would see DCG repay $275 million it owes to Genesis by April
Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit
29.11.2023
Digital Currency Group has over $320 million left to repay, according to Genesis, and the deal would see that remaining sum repaid by April next year
Genesis Alleges Multi-Million Dollar Preferential Transfers by Gemini Amidst Crypto Turmoil
22.11.2023
In a recent legal move, Digital Currency Group’s (DCG) subsidiary Genesis Global Capital LLC has filed a complaint against the crypto exchange platform and custodian Gemini. Genesis hopes to claw back $689 million from the centralized crypto trading platform founded by Cameron and Tyler Winklevoss...
Genesis Files Lawsuit Against Former Business Partner Gemini Trust, Seeking to Recover $689 Million
22.11.2023
Source: AdobeStock / Timon Crypto lender Genesis Global Capital has taken legal action against cryptocurrency exchange Gemini Trust in an attempt to reclaim over $689 million. The lawsuit was filed in the US Bankruptcy Court for the Southern District of New York on Tuesday, alleging that Gemini...
Bankrupt crypto lender Genesis sues Gemini to recover $689M worth of 'Preferential Transfers'
22.11.2023
Genesis claims Gemini made preferential transfers of about $689,302,00 from Genesis and wants the court to "correct this unfairness."
Genesis Sues Gemini to Recover 'Preferential Transfers' Worth $689M
22.11.2023
Crypto lender Genesis Global Capital has sued cryptocurrency exchange Gemini Trust, its former business partner, to recover more than $689 million
Kotaku's Best Gaming Gifts Under $100
17.11.2023
Gift giving season is approaching, which means it’s almost time to surprise the gamer in your life with a present or two. But what do you get them? Sure, you could go all out, buying a PlayStation 5 or Steam Deck or Xbox Series X. However, if you’re on a budget, you don’t have to spend much to show...
Genesis, Three Arrows Capital Reach Agreement on $1B of Claims
13.11.2023
The bankrupt crypto lender is seeking court approval to settle the claims with a $33 million payment to defunct hedge fund 3AC
Gemini Seeks Control of $1.6 Billion Grayscale Shares in Lawsuit
28.10.2023
Crypto exchange Gemini has initiated a lawsuit against digital asset lender Genesis in an attempt to gain control over $1.6 billion worth of Grayscale Bitcoin Trust shares. The lawsuit, filed on Friday in the U.S. Bankruptcy Court Southern District of New York, aims to recover the shares to repay...
Sam Bankman-Fried Rebuffed Barry Silbert's and Celsius' Requests for Help, Ex-FTX CEO Testifies at His Trial
27.10.2023
Gemini Sues Bankrupt Lender Genesis, Its Former Partner, Over $1.6B Worth of GBTC
27.10.2023
Cryptocurrency exchange Gemini has sued lending firm Genesis Global over 60 million GBTC shares that were pledged as collateral for Gemini's Earn users
Today in Crypto: DCG Paid Off $575 Million in Debt Since End of 2022, $720 Million Stolen across 117 Breaches in Q3
25.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Investment news Digital Currency Group (DCG), the crypto company founded by finance veteran Barry Silbert, has paid...
DCG, Genesis Were the ‘Adults in the Room’ but Didn’t Behave Like It
19.10.2023