2024-5-19 05:10 |
Court approves Genesis Global's plan to distribute $3 billion to creditors, rejecting Digital Currency Group's objections. The post Genesis wins court nod to return $3 billion to creditors appeared first on Crypto Briefing. origin »
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The Court approval for Genesis chapter 11 excludes any recovery for its parent company, Digital Currency Group (DCG), which lacks legal standing to challenge the plan. The post Judge Approves Genesis Global’s $3 Billion Customer Repayment Plan appeared first on BeInCrypto.
2024-5-18 13:04 | |
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Bitcoin network processed its one billionth transaction 15 years after it mined its genesis block in January 2009. Notably, the network achieved this milestone the same day a Satoshi-era Bitcoin address came to life.
2024-5-6 12:41 | |
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Discover the intricacies behind Gemini's partnership with Genesis for the Earn program and the subsequent fallout leading to asset freezes for customers. Learn about the regulatory scrutiny from NYDFS Superintendent Harris in light of these events.
2024-2-29 01:00 | |
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Gemini told the New York Department of Financial Services it would return at least $1.1 billion to its Earn customers after Genesis Global Capital wraps up its bankruptcy process, according to NYDFS.
2024-2-29 00:38 | |
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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 […]
2024-2-14 14:30 | |
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The AuM surged to a two-year high of $59 billion. The potential sale of Genesis Global's holdings could be a major bearish catalyst. Digital asset funds recorded net inflows for the second cThe post ETF effect: How inflows into digital assets crossed $1B last week appeared first on AMBCrypto.
2024-2-13 09:30 | |
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Сообщение Genesis Applies for Authorization to Liquidate $1.6 Billion in Bitcoin and Ether Trust Assets появились сначала на Coinstelegram.
2024-2-6 21:18 | |
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Genesis Global Capital has initiated crucial step in its bankruptcy recovery process
2024-2-4 16:06 | |
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Genesis agrees to a $33 million settlement with Three Arrows Capital, significantly less than the original $1 billion claim, amid ongoing crypto turmoil. Bankrupt crypto lender Genesis has consented to a settlement with the now-defunct crypto hedge fund Three Arrows…
2023-11-14 23:54 | |
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Bankrupt crypto lender Genesis has sought court approval for its proposed settlement agreement with collapsed crypto hedge fund Three Arrows Capital (3AC), according to a Nov. 9 court filing. Under the agreement, 3AC will have an allowed general unsecured claim of $33 million against the bankrupt lender instead of the previous over $1 billion claim […] The post Genesis seeks court approval to slash 3AC claim from $1B to $33M appeared first on CryptoSlate.
2023-11-10 15:10 | |
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New York-based cryptocurrency exchange Gemini has officially initiated legal action against Digital Currency Group’s (DCG) Genesis Global in the Southern District of New York Bankruptcy Court.
2023-11-4 15:23 | |
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In a recent development, crypto exchange Gemini has filed a lawsuit against the crypto platform Genesis Global about the ownership of shares in the Grayscale Bitcoin Trust (GBTC). Per the lawsuit, the exchange is seeking a determination from a federal judge to establish that Genesis has no right to over 60 million GBTC shares pledged […]
2023-10-28 00:00 | |
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Gemini Trust Co. filed suit against troubled digital asset lender Genesis Global Capital on Oct. 27, seeking to recover $1. 6 billion in collateral for Gemini customers trapped when Genesis halted withdrawals in November.
2023-10-27 20:30 | |
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Following US Federal Reserve chair Jerome Powell’s recent comments that led to higher treasury yields, Bitcoin price and other cryptocurrencies experienced modest gains on Friday. However, a legal action by the state of New York against Digital Currency Group, Genesis Global Capital, and the Gemini crypto exchange, alleging fraud exceeding $1 billion, created some uncertainty. […]
2023-10-20 09:31 | |
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The New York Attorney General, Letitia James, has set her sights on three major players in the crypto space, alleging investor fraud. Genesis Global, its parent company, Digital Currency Group (DCG), and the renowned crypto platform Gemini find themselves in the crosshairs of a significant lawsuit.
2023-10-20 23:00 | |
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The New York Attorney General filed early Thursday a lawsuit against Genesis, Gemini and DCG for allegedly defrauding investors of $1 billion.
2023-10-20 21:21 | |
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The New York Attorney General Letitia James filed the lawsuit against Gemini, Genesis and DCG on Thursday. It’s alleged the crypto firms lied to investors and concealed losses of over $1 billion.
2023-10-19 20:39 | |
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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.
2023-10-20 19:05 | |
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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.
2023-10-19 17:25 | |
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SBF had asked Ellison to use Alameda's line of credit to buy out Binance's shares. He had also asked Ellison to put FTT on Alameda's balance sheet to secure loans from Genesis. Several newThe post Binance owned FTX stocks worth $2 Billion: Ellison appeared first on AMBCrypto.
2023-10-11 14:00 | |
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Genesis has been providing trading services through its international Genesis Global Capital (GGC) division. Genesis allegedly owes its top 50 creditors $3. 5 billion. In August Genesis and DCG reached an “agreement in principle” permitting creditors to get the majority of their money.
2023-9-15 22:56 | |
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Creditors with $2.4 billion in claims against the bankrupt crypto lender could scupper an agreement made after months of wrangling.
2023-8-30 12:43 | |
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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.
2023-7-30 23:00 | |
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Creditors of the crypto financial firm Genesis call for $1.5 billion of forbearance payments and loans denominated in dollars, bitcoin and ether, according to a term sheet posted on Twitter by the Gemini co-founder.
2023-7-4 04:59 | |
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The fallout from the collapse of major crypto exchange FTX continues, as the liquidator attempts to recover nearly $4 billion for creditors from another bankrupt crypto firm, Genesis Global Capital (GGC).
2023-6-7 20:00 | |
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The defunct crypto hedge fund has claimed over $1 billion against Genesis, which itself filed for bankruptcy in January.
2023-6-5 11:34 | |
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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.
2023-5-22 12:05 | |
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A recent FTX clawback demand has placed additional pressure on Genesis bankruptcy lawyers as other companies await a compensation plan . The post Genesis Lawyers to Answer $3.9 Billion FTX Clawback Amid DCG Default appeared first on BeInCrypto.
2023-5-8 15:30 | |
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Coinspeaker FTX Officials Seek to Recover Over $3. 88B from DCG-backed Genesis Global The officials claim FTX-affiliated Alameda Research had largely repaid the $8 billion borrowed from Genesis Trading, a few weeks before the former filed for Chapter 11 bankruptcy protection.
2023-5-5 19:09 | |
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The FTX bankruptcy estate is seeking to claw back $3.9 billion from bankrupt crypto lender Genesis Global Capital. The estate will reportedly use the funds to repay its creditors and millions oThe post FTX bankruptcy estate seeks to claw back $3.9B from Genesis appeared first on AMBCrypto.
2023-5-4 15:30 | |
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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…
2023-5-4 14:30 | |
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Bankrupt crypto exchange FTX is seeking to claw back billions of dollars from embattled crypto lender Genesis Global Capital. The post FTX Eyes $4 Billion in Clawback Claims From Bankrupt Crypto Lender Genesis appeared first on BeInCrypto.
2023-5-4 09:19 | |
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FTX’s bankruptcy case proceeded as the company moved to recover $3. 9 billion from Genesis. Meanwhile, an earlier FTX sale became relevant with the launch of SUI token. FTX aims to recover $3.
2023-5-4 03:09 | |
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Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday.
2023-5-4 00:48 | |
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Digital Currency Group (DCG), a venture capital conglomerate with subsidiaries including Genesis and crypto news publication Coindesk, recorded over $1 billion loss in 2022, majorly as a result of Three Arrows Capital’s collapse which impacted Genesis. According to the report…
2023-2-28 13:19 | |
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Bankruptcy court documents filed by Genesis interim CEO Derar Islim show that the now-defunct crypto lending platform owed $5.1 billion.
2023-1-21 21:58 | |
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Digital Currency Group subsidiary Genesis Global Capital has filed for bankruptcy protection. It owes over $3.5 billion to its top 50 creditors $3.5 Billion in Liabilities After months of uncertainty,...
2023-1-21 20:05 | |
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The crypto finance firm filed for Chapter 11 bankruptcy yesterday, with debts around $3.5 billion.
2023-1-21 17:08 | |
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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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Digital Currency Group (DCG), the parent firm of struggling cryptocurrency lender Genesis, is liquidating some of its holdings. Tron founder and Chinese crypto entrepreneur Justin Sun is prepared to invest $1 billion to acquire the network.
2023-1-15 17:05 | |
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Digital Currency Group (DCG), the conglomerate that owns crypto broker Genesis, is reportedly considering selling assets from its portfolio to pay Genesis’ $3 billion debt.
2023-1-13 19:45 | |
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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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Digital Currency Group (DCG), the crypto conglomerate that owns lender Genesis Trading and asset manager Grayscale, among others, today made public that it has closed its asset management division called HQ Digital, fueling new fears within the bitcoin and crypto industry, given that the company managed $3.
2023-1-6 13:00 | |
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Gemini Earn customers will likely receive 100% of their assets despite the Digital Currency Group owing Genesis $1.7 billion. The post Gemini Earn Customers Likely to Receive Speedy Resolution appeared first on BeInCrypto.
2022-12-22 21:21 | |
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The troubled crypto investment bank is in talks with potential investors for at least $1 billion in fresh capital, according to a Bloomberg report.
2022-11-22 01:08 | |
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Genesis needs a $1 billion liquidity injection by Monday and Gemini sees significant bitcoin outflows as fears of insolvency spread throughout the industry.
2022-11-20 11:00 | |
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Early this week, crypto lending firm Genesis sought a $1 billion emergency loan from investors without success before halting withdrawals Wednesday. Genesis Sought Emergency Loan Genesis Global Trading sought an...
2022-11-18 02:24 | |
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Crypto lender Genesis sought out an emergency loan of $1 billion from investors in the wake of FTX’s collapse and ensuing bankruptcy but never got the funds it requested, The Wall Street Journal reported November 17.
2022-11-18 23:49 | |
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The Fed keeps rates at 4.25%-4.50%, avoiding commitment to cuts. Bitcoin dips 1% but remains above $100K as markets assess Powells stance. The post Bitcoin holds $100K as Fed keeps rates steady, Powell remains cautious on cuts appeared first on Crypto Briefing.
U.S. crypto exchange Coinbase has onboarded four experts from finance and politics to bolster its regulatory approach under Donald Trump’s administration.
Kazakhstan plans to expand legal crypto operations, with president Kassym-Jomart Tokayev calling for urgent changes to improve the country’s infrastructure for digital assets. With the U.S. government becoming more crypto-friendly, Kazakhstan‘s president Kassym-Jomart Tokayev is pushing for a fast expansion…
US Senator Cynthia Lummis has filed an amicus brief supporting Coinbase in its ongoing legal battle against the Securities and Exchange Commission (SEC), accusing the agency of exceeding its authority and undermining congressional oversight.
Bitwise files the first physically backed Dogecoin ETF under the 33 Act, marking a milestone in regulated crypto investment. The post Bitwise files for Dogecoin ETF as institutional interest in meme coins grows appeared first on Crypto Briefing.
Coinbase has received approval to launch its platform in Argentina after successfully registering as a Virtual Asset Service Provider (VASP) with Argentina’s National Securities Commission (CNV), according to a Jan.
Ripple case moves to Court of Appeals as SEC removes lawsuit from its website while litigation remains active in PACER. The post SEC removes Ripple lawsuit from its website as case moves to appeals court appeared first on Crypto Briefing.