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Genesis creditor already sold 12,100 ETH amid major liquidation
The largest recipient of the Genesis Trading bankruptcy proceedings has recently been involved in a significant Ethereum sell-off. According to data provided by Arkham Intelligence, the creditor has sold 12,100 Ethereum (ETH) worth $31.43 million, within just three days. This… дальше »
2024-9-26 12:08
Genesis concludes bankruptcy with $4b creditor payout
Genesis Global and affiliated entities have begun disbursing $4 billion in creditor payouts following the completion of their restructuring process. According to an Aug. 2 statement, crypto lender Genesis Global started repayments to over 100,000 creditors after declaring bankruptcy in… дальше »
2024-8-4 22:11
Genesis transfers $3b worth of crypto amid bankruptcy
Genesis Trading has moved billions of dollars in recent days, potentially to manage creditor repayments as part of its financial restructuring efforts. The crypto lender, which is navigating bankruptcy, has reportedly transferred substantial amounts of Bitcoin (BTC) and Ethereum (ETH)… дальше »
2024-8-4 19:39
Genesis moves $760m BTC to Coinbase amid sell-off
A wallet linked to crypto lender Genesis has transferred 12,600 Bitcoin (BTC) worth approximately $760 million to crypto exchange Coinbase. On-chain data tracked by Arkham shows the addressed labeled “Genesis Trading” moved the funds to the exchange amid the broader… дальше »
2024-7-12 16:59
Gemini Earn returns over $2 billion in crypto, triggering concerns of sell pressure
Crypto exchange Gemini said users of its now-defunct Earn product received $2. 18 billion of their digital assets, according to a May 29 statement. These distributions amount to 97% of the total digital assets owed to Earn users, marking a significant recovery since the collapse of crypto lender Genesis, which halted withdrawals in November 2022. дальше »
2024-5-30 21:26
Gemini to finally pay Earn clients. Is it the end of a 1.5 year-conflict?
The case of clients’ money from Gemini’s Earn program, frozen for a year and a half, is finally moving toward a resolution. On May 17, Judge Sean H. Lane approved Genesis’ Chapter 11 bankruptcy plan. The decision will allow the… дальше »
2024-5-22 19:54
Genesis Global gets court approval to distribute billions to creditors, DCG challenge gets rejected
Genesis Global, the digital assets lender that went bankrupt last year, received court approval to pay billions in cash and crypto to creditors. The judge also rejected a legal challenge from Genesis Global's parent company, DCG. дальше »
2024-5-18 18:30
Genesis to Pay SEC $21M Penalty to Settle Charges Over Gemini Earn Product
The bankrupt crypto lender Genesis Global Capital has agreed to a final judgment ordering it to pay $21 million to settle charges with the U.S. Securities and Exchange Commission (SEC) for violating securities laws by offering and selling its now-defunct Gemini Earn program, the SEC announced Tuesday. дальше »
2024-3-19 16:51
Crypto exchange Gemini planned public debute via Genesis merger, court documents show
Winklevoss’ crypto exchange Gemini was exploring an option to merge with crypto broker Genesis to compete with Coinbase and FTX. In October 2022, just a month before FTX filed for bankruptcy, Gemini co-founder Cameron Winklevoss discussed at a lunch with… дальше »
2024-3-8 11:09
Gemini strikes deal to return all assets ‘in kind’ to Earn users instead of historic dollar equivalent
Crypto exchange Gemini said Earn users would receive “100% of their digital assets back in kind” following an in-principle agreement with bankrupt Genesis and other creditors of the failed lender, according to a Feb. дальше »
2024-2-29 14:22
Bitcoin eyes six-month winning streak amid $300 million in BTC liquidations
Quick Take In a wild 24-hour ride, Bitcoin’s value underwent a rollercoaster of fluctuations, skyrocketing to a peak of $64,000, subsequently plunging to $59,000, before making a recovery to above $60,000. дальше »
2024-2-29 13:28
DCG files objection in bankruptcy court, calls out Genesis’ settlement subversive
Digital Currency Group (DCG) opposes the settlement between the New York Attorney General and Genesis. DCG filed a new application following an agreement with the prosecutor and Genesis, a bankrupt crypto lender that was one of DCG’s companies. Company executives… дальше »
2024-2-23 13:36
Next Bitcoin Crash? Insight On Genesis’ $1.5 Billion GBTC Sale
The crypto community has been abuzz with discussions surrounding Genesis’ intent to sell approximately 36 million shares of Grayscale Bitcoin Trust (GBTC), a move valued around $1.5 billion. This announcement stoked fears of a potential market downturn, reminiscent of the apprehensions following the FTX bankruptcy estate’s sale of over $1 billion worth of GBTC. However, a […] дальше »
2024-2-14 14:30
Genesis, Digital Currency Group reach agreement on new settlement plan
Genesis Global and its parent company, Digital Currency Group (DCG), are closing in on a settlement agreement, according to a Nov. 28 court filing. The filing includes an amended settlement plan that both companies have agreed on and urged other stakeholders to vote in favor. дальше »
2023-11-30 22:00
Genesis set to end $620m lawsuit with Digital Currency Group
Crypto lending giant Genesis has reached a new repayment deal agreement with its parent company Digital Currency Group. Crypto behemoth Digital Currency Group (DCG) has reached an agreement with its trading subsidiary Genesis Global as part of a $620 million… дальше »
2023-11-30 10:20
Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing
The deal would see DCG repay $275 million it owes to Genesis by April. дальше »
2023-11-30 07:55
Bankrupt Genesis alleges Gemini contributed to ‘run on the bank’ with $689M withdrawals
Bankrupt crypto lender Genesis has filed legal actions to retrieve $689. 3 million from cryptocurrency exchange Gemini. In a Nov. 21 court filing, the bankrupt lender alleged that Gemini contributed to the “run on the bank” it suffered by making these preferential transfers during a 90-day period that preceded its bankruptcy filing. дальше »
2023-11-22 15:35
NVIDIA exceeds earnings expectations with robust Q3 performance, hits new all-time high in pre-market trading
Quick Take NVIDIA’s latest Q3 earnings report showcased stronger performance than anticipated, with a revenue of $18. 12 billion, outpacing the expected $16. 18 billion. Similarly, earnings per share (EPS) stood at $4. дальше »
2023-11-22 15:15
Binance’s market dominance wanes with regulatory woes and futures market shifts
Quick Take Binance, a dominant player in the cryptocurrency exchange market, has seen a notable downturn in its transaction volume over the past year. In November 2022, the exchange handled approximately $500 billion in monthly volume. дальше »
2023-11-22 14:45
Genesis sues Gemini, seeking nearly $690m in ‘preferential transfers’
Genesis says the Winklevoss-founded crypto exchange benefited at the expense of Genesis’ creditors when it withdrew the money at the beginning of the crypto winter. Genesis Global Capital, a crypto brokerage firm owned by Digital Currency Group (DCG), is seeking… дальше »
2023-11-22 11:42
VersiFi hires ex-Genesis exec and secures $10m to revamp crypto lending
VersiFi appoints former Genesis executive Martin Garcia as co-CEO and secures $10 million in funding to drive crypto lending services. дальше »
2023-11-16 20:49
CEHV partner suggests uncertain times ahead amid Genesis shutdown
With many analysts speculating the outcomes of the Spot Bitcoin ETF race, partner at CEHV, Adam Cochran, shares his perspective in a Nov. 8 post on X. дальше »
2023-11-9 00:22
Genesis moves for early bankruptcy payouts as NYAG suit applies pressure
A recent lawsuit initiated by the New York Attorney General’s Office (NYAG) could impact Genesis’ bankruptcy process, according to a Oct. 24 report from Reuters. Genesis plans to propose a “no deal” bankruptcy plan in response to actions taken by the NYAG, in which, instead of waiting for the lawsuit’s outcome, it would distribute available […] The post Genesis moves for early bankruptcy payouts as NYAG suit applies pressure appeared first on CryptoSlate. дальше »
2023-10-26 00:20
DCG announces 23% Q3 revenue jump and Genesis repayments amid legal hurdles
Digital Currency Group reports a 23 percent rise in Q3 revenue to $188 million and reports notable repayments to bankrupt crypto lender Genesis. дальше »
2023-10-25 22:10
New York Prosecutor Sues Genesis and Gemini for Alleged $1 Billion Fraud
The New York Attorney General sued Gemini exchange and Genesis for not revealing the real risks behind loans extended to third-parties. The post New York Prosecutor Sues Genesis and Gemini for Alleged $1 Billion Fraud appeared first on BeInCrypto. дальше »
2023-10-20 19:05
Gemini claims ‘victim’ status in NYAG’s billion-dollar lawsuit
Crypto trading platform Gemini has responded to a lawsuit filed against it, bankrupt lender Genesis, and its parent company Digital Currency Group (DCG), by casting itself as a victim of the fraud perpetrated by the other two defendants. дальше »
2023-10-19 19:00
Gemini, Genesis, DCG Slammed with $1b Crypto Fraud Lawsuit
New York Attorney General Letitia James filed a lawsuit on Thursday accusing three major cryptocurrency companies — Gemini Trust, Genesis Capital, and Digital Currency Group — of perpetrating a $1 billion fraud scheme that harmed investors. дальше »
2023-10-19 17:25
Genesis Ordered to Comply With Terra Subpoena Within 5 Days
The crypto firm failed to comply with requests made as part of a probe into the collapsed stablecoin, a New York judge said дальше »
2023-10-16 19:00
Bankruptcy judge approves $175 Million settlement between FTX and Genesis Global Trading
Following the court’s decision, Genesis debtors have gained authorization to execute the settlement agreement, which entails the payment of $175 million to FTX. дальше »
2023-10-13 20:01
Gemini confirms it withdrew $282M from Genesis to boost liquidity reserves in 2022
Gemini has confirmed it withdrew $282 million of its Earn users funds from the bankrupt crypto lender Genesis in August last year into its liquidity reserve, according to a Sept. 28 statement. The exchange made this statement in response to a New York Post report alleging that the crypto platform’s co-founders, Tyler and Cameron Winklevoss, […] The post Gemini confirms it withdrew $282M from Genesis to boost liquidity reserves in 2022 appeared first on CryptoSlate. дальше »
2023-9-30 22:30
Bitcoin breaks September curse, closing the month on a high note
Quick Take Bucking a precedent that dates back to 2016, Bitcoin ended September on a positive note, marking an approximately 4% increase. Historically, September has been a challenging month for Bitcoin, renowned for its adverse market conditions. дальше »
2023-9-30 22:00
Genesis went bankrupt months after Gemini reportedly withdrew $282M in crypto
Gemini Trust Co., a crypto exchange, reportedly withdrew $282 million from Genesis Global Holdco LLC months before Genesis filed for bankruptcy дальше »
2023-9-28 17:44
DCG proposes repayment plan for Genesis creditors
DCG, parent company of insolvent Genesis, is proposing a creditor repayment plan, including that of Gemini Earn investors дальше »
2023-9-14 01:05
Genesis suing DCG to recover $620m in outstanding loans
Genesis Global is suing DCG, aiming to reclaim $620 million in unpaid loans дальше »
2023-9-7 23:03
Genesis to Shutter Crypto Trading Desk for U.S. Market
Genesis Global Trading will halt its crypto OTC desk later this month. дальше »
2023-9-6 19:27
Gemini rejects Genesis, FTX proposed settlement, describes it as ‘sweetheart pre-plan deal’
Crypto exchange Gemini rejected the proposed settlement deal between bankrupt crypto platform FTX and Genesis, according to an Aug. 31 court filing. Gemini posited that the proposed settlement between the failed firms is an attempt to manipulate the voting process for the bankruptcy plan, further describing it as a “sweetheart pre-plan deal” designed to benefit […] The post Gemini rejects Genesis, FTX proposed settlement, describes it as ‘sweetheart pre-plan deal’ appeared first on CryptoSlate. дальше »
2023-9-1 14:01
Binance receives unprecedented Bitcoin transfer as ‘whales’ influence sends market plunging
Quick Take Yesterday marked a significant movement in the Bitcoin market, recording a roughly 4% decline in value, as the price of Bitcoin plunged below the $26,000 mark. This move was coupled with the largest influx of Bitcoin to exchanges witnessed in 2023, with the majority of these inflows accredited to prominent holders, commonly referred […] The post Binance receives unprecedented Bitcoin transfer as ‘whales’ influence sends market plunging appeared first on CryptoSlate. дальше »
2023-9-1 14:00
Gemini filed an opposition to Genesis’s bankruptcy plan
Gemini, a crypto exchange led by the Winklevoss twins, opposed the bankruptcy plan by Genesis and Digital Currency Group (DCG). Gemini‘s lawyers explained that the bankruptcy plan lacks enough details and guarantees for some of the largest debtors. The Gemini’s filing stated… дальше »
2023-8-31 16:31
DCG and Genesis reach landmark settlement over bankruptcy
DCG's has reached a settlement with Genesis as they agree to reimburse creditors 70-90% as they seek tp address bankruptcy complexities and setting new recovery standards. дальше »
2023-8-30 18:54
Alameda Research to claim $175m from Genesis’ assets
FTX's Alameda Research has settled a claim for $175 million with the bankrupt crypto firm, Genesis, according to recent court filings дальше »
2023-8-18 19:46
Alameda Research, Genesis Global resolve $3.88B claim dispute with $175M agreement
Alameda Research has agreed to claim $175 million from the estate of Genesis Global, according to an agreement submitted to the court on Aug. 16. This resolves the dispute between the two bankrupt entities over claims against each other. дальше »
2023-8-17 18:45
DCG labels Gemini lawsuit as ‘character assassination’ in motion to dismiss
Digital Currency Group (DCG) filed motions to dismiss the lawsuit brought against it by crypto exchange Gemini, according to an Aug. 10 court filing. DCG described the Gemini lawsuit as a continuation of the exchange’s public relations “character assassination” campaign started by its co-founders, Cameron and Tyler Winklevoss. дальше »
2023-8-11 00:55
Final Countdown: Genesis’ Bankruptcy Mediation Faces Make-Or-Break Deadline
As the digital financial landscape navigates through both success stories and cautionary tales, the ongoing mediation of bankrupt crypto lender Genesis Global Holdco LLC has garnered attention. The latest development in the crypto lender’s bankruptcy saga emerged on Wednesday when a company attorney revealed they were approaching the end of their ongoing mediation. To clarify, […] дальше »
2023-8-3 21:00
Court Filing Suggests FTX’s $2 Billion Lawsuit Against Genesis Is Coming To An End
The legal tussle between bankrupt crypto exchange FTX and crypto lender Genesis seems to be coming to a resolution, a recent court filing reveals. According to the letter filed yesterday at the US bankruptcy court for the Southern District of New York, both firms – who happened to have filed for bankruptcy – have agreed to settle their ongoing billion-dollar dispute. дальше »
2023-7-30 23:00
Bankrupt crypto giants FTX and Genesis reach agreement to resolve billion-dollar claims
Bankrupt crypto companies FTX and Genesis Global announced they had reached an agreement in principle concerning claims made by the firms against themselves, per a July 27 letter to Judge Sean Lane. дальше »
2023-7-28 15:30
Digital Currency Group’s failure to pay $630m raises concerns
Genesis Global Capital, the now bankrupt lending arm of Digital Currency Group (DCG), has failed to pay approximately $630 million due to creditors, leading to discussions among stakeholders about a potential default. дальше »
2023-5-23 19:11
Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment
Bankrupt crypto lender Genesis has filed a motion to extend the exclusivity period for its reorganization plan by 100 days. Why Genesis sought an extension In a May 19 court filing to the United States Bankruptcy Court for the Southern District of New York, the bankrupt lender, said it needed the extension “to achieve a […] The post Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment appeared first on CryptoSlate. дальше »
2023-5-22 14:45
Gemini Says Genesis Parent DCG Defaulted on $630M Payment, Updates Contingency Plan
Coinspeaker Gemini Says Genesis Parent DCG Defaulted on $630M Payment, Updates Contingency Plan Gemini seeks to exact its owed payment sum from Genesis parent DCG and is working with several creditors on a forbearance plan. дальше »
2023-5-22 14:07
Gemini Says Genesis Parent DCG Missed $630 Million Payment
Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default. дальше »
2023-5-22 08:44
FTX seeks to recover nearly $4b in bankruptcy case
In a court petition published on May 3, insolvent crypto exchange FTX claimed insolvent Genesis Global Capital owed it roughly $4 billion. According to the lawsuit, Genesis was “largely repaid” the roughly $8 billion it lent to Alameda Research, a… дальше »