2023-1-20 09:02 |
Genesis has over 100,000 creditors between the of its companies that declared bankruptcy. origin »
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Genesis is facing headwinds as it seeks to finalize its wind-up after a January bankruptcy – and is now being accused by Gemini and other creditors of voter “manipulation.”
2023-9-1 13:02 | |
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The estimated U.S. dollar equivalent recoveries could amount to 70%–90% for Genesis creditors, should the amended plan be carried out.
2023-8-29 11:22 | |
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Lawyers for Genesis Global told a New York bankruptcy court on Monday that they’ve been working with their creditors’ representatives and the U.S. Trustee’s Office “around the clock” for the past two months in order to reach a “consensual resolution” with the embattled company’s creditors.
2023-1-24 01:40 | |
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Bankruptcy of Genesis was most likely inevitable, but lack of reaction from market is concerning
2023-1-20 13:50 | |
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Two sources familiar with the issues at Genesis allege that the company’s global creditors have agreed to negotiate a prepackaged bankruptcy plan.
2023-1-19 00:22 | |
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Genesis has reportedly started to prepare for a bankruptcy filing, which could be done by the end of this week The crypto lender owes creditors over $3 billion Troubled crypto lending platfoThe post Breaking: Genesis is reportedly planning to file for bankruptcy soon appeared first on AMBCrypto.
2023-1-19 21:55 | |
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Embattled crypto lender Genesis owes over $3 billion to its creditors, the Financial Times reported on January 12, citing sources familiar with the matter. The post DCG scrambling to raise funds to cover Genesis’ $3B debt burden appeared first on CryptoSlate.
2023-1-13 18:45 | |
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Genesis, a subsidiary of DCG, is said to owe creditors more than $3bn and is in a high-profile dispute with the Winklevoss twins over money borrowed from their Gemini exchange. The post Digital Currency Group Could Be Forced to Sell Assets to Pay $3 Billion Debt appeared first on BeInCrypto.
2023-1-13 17:48 | |
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As part of its fundraising efforts, DCG is reportedly looking at selling some of its venture capital portfolio, worth around $500 million.
2023-1-12 16:23 | |
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As part of its fundraising efforts, DCG is reportedly looking at selling some of its venture capital portfolio, worth around $500 million.
2023-1-13 16:23 | |
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Winklevoss, on behalf of Gemini, called for Silbert's removal for his involvement in the disagreement between Genesis and its creditors.
2023-1-11 17:05 | |
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The DCG and Genesis debacle continue to wax strong and Grayscale Bitcoin Trust has taken some of the heat from this. The majority of the concerns have been raised around the ability of Digital Currency Group to be able to repay its debt to Genesis, which owes creditors a significant amount of money. Now, co-founder […]
2023-1-4 20:00 | |
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The creditor committee expects to hear from Genesis and DCG by the end of the week.
2022-12-21 07:01 | |
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Crypto lending platform Genesis, along with popular crypto market maker Wintermute and others, will form the FTX creditors committee. Genesis and other FTX victims form the bankruptcy committee A court filing released today showed that the Justice Department had added…
2022-12-16 02:26 | |
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The institutional crypto brokerage has been in talks with creditors and potential investors since the collapse of exchange FTX.
2022-12-8 19:38 | |
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Winklevoss twins have created a committee of creditors to reclaim Gemini’s funds from DCG and Genesis, who reportedly owe the exchange about $900 million. Cameron Winklevoss has revealed that Gemini, the crypto exchange he co-founded with his brother Tyler in 2014, has…
2022-12-7 17:51 | |
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In addition to the previously reported group of Gemini customers owed $900 million, there are two other groups of Genesis creditors being represented by lawyers, CoinDesk has learned.
2022-12-5 01:17 | |
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Genesis is in talks with creditors and potential investors, Bloomberg News reports.
2022-11-30 06:31 | |
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Genesis is in talks with creditors and potential investors, Bloomberg News reports.
2022-11-30 06:31 | |
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Genesis also started talks with its largest creditors and borrowers, including Gemini and DCG, to agree on a solution.
2022-11-24 22:47 | |
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Gemini's IPO plans signal growing mainstream acceptance and potential regulatory easing for the crypto industry, impacting future market dynamics. The post Winklevoss-led Gemini works with Goldman Sachs, Citigroup on IPO plan appeared first on Crypto Briefing.
The inclusion of Sui in World Liberty Financial's reserve could accelerate the adoption of decentralized finance in the U.S. market. The post Trump-backed World Liberty Financial plans to add SUI to its strategic reserve appeared first on Crypto Briefing.
Jump Trading's renewed US crypto focus may influence regulatory landscapes and market dynamics, potentially reshaping industry standards. The post Jump Trading scales up US crypto operations, accelerates hiring after years of pullback appeared first on Crypto Briefing.
The potential acquisition could revolutionize user data control and content management, impacting social media's future landscape significantly. The post Reddit co-founder wants to buy TikTok US and put it on-chain appeared first on Crypto Briefing.
Sacks' divestment highlights potential conflicts of interest and raises questions about transparency in government crypto initiatives. The post Trump’s crypto czar David Sacks confirms divesting from Solana backer Multicoin appeared first on Crypto Briefing.
Key takeaways The CME Group is set to launch Solana futures on its platform as demand for crypto products increases. The Bitcoin Pepe presale has reached $3. 65 million and is now set to enter its sixth stage.
BlackRock's inclusion of Bitcoin in its portfolios signals growing institutional acceptance, potentially stabilizing and legitimizing the crypto market. The post BlackRock adds Bitcoin ETF into model portfolios with a 1%-2% allocation appeared first on Crypto Briefing.