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Genesis Global Trading to close its over-the-counter trading platform
Genesis Global Trading avoided Genesis bankruptcy earlier this year. Genesis is currently trying to raise funds to pay back its creditors. Genesis’ parent company DCG came to its rescue and reached an in-principle agreement with creditors. дальше »
2023-9-6 21:04
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Gemini Opposes Genesis Bankruptcy Plan: 'Woefully Light on Specifics'
Attorneys for crypto exchange Gemini argued that a proposed resolution for Genesis' bankruptcy doesn't have enough detail or provide any assurances for some if its largest debtors in a new filing Wednesday. дальше »
2023-8-31 00:43
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Crypto firm Genesis secures landmark agreement
The agreement will mitigate financial challenges faced by Genesis. The proposed amendments could facilitate recoveries ranging from 65% to 90% of assets. Digital Currency Group (DCG) has reaThe post Crypto firm Genesis secures landmark agreement appeared first on AMBCrypto. дальше »
2023-8-29 16:00
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Genesis and DCG reach in-principle agreement to recover creditors’ funds
Digital Currency Group (DCG) moving toward resolving the financial challenges of its crypto lending subsidiary, Genesis. The agreement could possibly lead to a fair recovery for creditors. The agreement is still subject to several handles, but Genesis expects the agreement to be completed in the coming weeks. дальше »
2023-8-29 13:14
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DCG reaches ‘agreement in principle’ with Genesis creditors, debtors
The estimated U.S. dollar equivalent recoveries could amount to 70%–90% for Genesis creditors, should the amended plan be carried out. дальше »
2023-8-29 11:22
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Digital Currency Group to pay $1.4B as agreement made with Genesis for up to 90% of funds
Genesis Global and affiliates have reached a deal in principle on a bankruptcy reorganization plan supported by creditors, according to a court filing Tuesday. The cryptocurrency lender aims to emerge from Chapter 11 protection after entering mediation in May to resolve disputes over a reorganization plan. дальше »
2023-8-29 10:28
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DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%
Digital Currency Group (DCG) and Genesis creditors have reached a deal in principle to resolve the claims in the Genesis Capital Chapter 11 cases, according to a court filing on Tuesday. дальше »
2023-8-29 09:15
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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
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New York AG probes transactions at Genesis, ties with Barry Silbert: Report
Digital Currency Group (DCG) is reportedly under investigation in New York for financial transactions involving its subsidiary, Genesis Global Capital. дальше »
2023-8-5 20:34
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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
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Genesis Chapter 11 Bankruptcy Set To Be Resolved Soon, DCG Says
Genesis Global Holdco, the parent company of cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection on January 20. The move came after Genesis Global Capital halted customer repayments on November 16, raising concerns about the potential failure of other firms. дальше »
2023-8-1 03:00
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IOTA20 Crypto Project Begins Token Presale – What Is $IOTA20?
The world of cryptocurrency constantly offers potential investment opportunities, with IOTA20 ($IOTA20) being the latest to catch the community’s attention. Launching a presale with an ambitious vision to learn from its predecessor’s shortcomings, IOTA20 offers a fresh opportunity for those who missed the original coin’s surge in 2017. дальше »
2023-7-31 21:00
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FTX and Genesis agree to resolve claims in the bankruptcy case
FTX and Genesis are bankrupt and have been trying to collect funds for creditors under court supervision. The agreement will resolve FTX’s claims against Genesis debtors and vice versa. Genesis is the largest unsecured creditor of FTX. дальше »
2023-7-28 12:19
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Polygon (MATIC) Has New CEO, President Ryan Wyatt Steps Down
Web3 veteran Marc Boiron will coordinate efforts of Polygon Labs toward Polygon 2.0 vision дальше »
2023-7-8 21:37
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Gemini Files Legal Complaint Over DCG and Genesis ‘Fraud Against Creditors’
Cameron Winklevoss of Gemini on Friday took to Twitter to detail a legal action against Genesis and its parent company, Digital Currency Group. The post Gemini Files Legal Complaint Over DCG and Genesis ‘Fraud Against Creditors’ appeared first on BeInCrypto. дальше »
2023-7-8 20:30
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Biden Targets ‘Crypto Loopholes’ in Speech Outlining Economic Vision
In a June 29 speech outlining his economic vision, President Biden took aim at tax loopholes for crypto traders as he set forth his vision of how to make America fairer. The post Biden Targets ‘Crypto Loopholes’ in Speech Outlining Economic Vision appeared first on BeInCrypto. дальше »
2023-7-1 18:04
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Astar Network Unveils the ‘Astar 2.0 Vision’ to Deliver Web3 Mass Adoption to Billions of Users
Tokyo, Japan, June 15th, 2023, Chainwire Setting the long-term direction, the Astar 2. 0 Vision aligns tokenomics, organizational structure, and key pillars of technology to drive Web3 mass adoption Astar Network, the smart contract platform for multichain, is delighted to introduce the ‘Astar 2. дальше »
2023-6-15 14:05
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Judge Denies FTX Chance to Participate in Genesis Mediation Talks
US Bankruptcy Judge Sean Lane has granted Genesis more time to submit a payout proposal, despite requests from FTX and other creditors for Genesis to pay back funds. FTX claims Genesis owes it $3. дальше »
2023-6-6 14:30
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Genesis granted plan extension; judge says FTX can’t take part in mediation
A judge in Genesis’ bankruptcy case has extended the date by which the company must file a recovery plan, according to a June 5 filing. Genesis receives a plan extension Genesis is currently in bankruptcy proceedings. дальше »
2023-6-6 01:41
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Defunct Crypto Hedge Fund 3AC Insists on Taking Part in Genesis Mediation
The defunct crypto hedge fund has claimed over $1 billion against Genesis, which itself filed for bankruptcy in January. дальше »
2023-6-5 11:34
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FTX files objection to Genesis after being snubbed in $0.00 claim estimate
FTX and its associated debtors declared numerous objections to Genesis’s bankruptcy proceedings and recovery plans in a June 2 court filing. FTX’s claim estimated at zero On May 9, Genesis began to seek a 100-day extension for its Chapter 11 recovery plan. дальше »
2023-6-3 17:16
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Gemini and Genesis File Motion to Dismiss SEC’s Lawsuit against Earn Program
Coinspeaker Gemini and Genesis File Motion to Dismiss SEC’s Lawsuit against Earn Program The outcome of the SEC's lawsuit against Gemini and Genesis is expected to have significant implications for the crypto industry and its evolving regulatory landscape. дальше »
2023-5-29 16:51
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Gemini and Genesis seek to dismiss SEC lawsuit over defunct Earn product
Gemini and Genesis have asked a judge to dismiss an SEC lawsuit concerning its Earn product, according to developments on May 26. Genesis says Earn wasn’t a security Jack Baughman, a lawyer for Gemini, wrote: “The SEC claims that the contract setting up the Earn program was itself a security. дальше »
2023-5-27 02:51
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Upland Gears Up for Genesis Week 2023: A Spectacular Celebration in Las Vegas
As the countdown to Genesis Week 2023 begins, the Upland community is abuzz with excitement. Upland, a blockchain-based virtual world, has revealed an impressive lineup of exhibitors and panels for its highly anticipated event. дальше »
2023-5-25 17:35
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Beyond Memes: Kujira’s (KUJI) Price Growth Holds Memecoin-Like Potential
Kujira, a rising star since its inception, is now embarking on a new chapter. In order to fulfill its vision and mission, Kujira must evolve and adapt, captivating the imaginations of both crypto-savvy individuals and a broader community. дальше »
2023-5-23 16:33
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Genesis’ Parent Company DCG Missed a $650M Payment to Gemini, 232,000 Earn Users in Limbo
The Digital Currency Group (DCG), a leading crypto conglomerate and parent company of Genesis lending division, finds itself entangled in the bankruptcy proceedings between Gemini and Genesis. The last few... дальше »
2023-5-23 01:00
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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
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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
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DCG settlement with Genesis still undecided as 30-day mediation period proceeds
The settlement plan proposed in February would give Genesis creditors 80% recovery of funds, but many raised demands, leading to the mediation. дальше »
2023-5-11 00:15
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DCG is ‘in discussions’ with capital providers amidst Genesis mediation
Digital Currency Group (DCG) provided an update on the status of its subsidiary, Genesis Capital, in a statement on May 9. DCG said that it remains “engaged with the various stakeholders” who are involved in a mediation process concerning Genesis’ restructuring process. дальше »
2023-5-10 00:49
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Genesis Lawyers to Answer $3.9 Billion FTX Clawback Amid DCG Default
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. дальше »
2023-5-8 15:30
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FTX Officials Seek to Recover Over $3.88B from DCG-backed Genesis Global
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. дальше »
2023-5-5 19:09
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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 »
2023-5-4 14:30
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Genesis to enter mediation with creditors to continue restructuring plan
Genesis will enter mediation with its creditors in order to maintain its proposed restructuring plan, Bloomberg said on April 28. According to Genesis’ lawyer, Sean O’Neal, Genesis will engage in a 30-day mediation process with its committee of unsecured creditors. дальше »
2023-4-29 00:25
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Genesis Capital Lenders Walk Away From Restructuring Deal
Digital Currency Group (DCG), the owners of bankrupt Genesis, have busted heads with its creditors, according to a statement by DCG. The post Genesis Capital Lenders Walk Away From Restructuring Deal appeared first on BeInCrypto. дальше »
2023-4-26 22:46
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Genesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization
The move by Genesis creditors comes months after they had appeared to reach an initial agreement with Genesis-owner DCG. дальше »
2023-4-25 15:55
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Pink Moon Studios Launch Free To Play Mode For Its Game KMON Genesis
Pink Moon Studios introduced the eagerly awaited free-to-play mode for its renowned strategic game KMON Genesis. Formerly known as Kryptomon, KMON Genesis was rebranded to lower the barrier of entry to one of the most popular Web3 games in the market. дальше »
2023-4-22 01:49
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Wildcard Announces Their Genesis Mint Happening April 20 on Magic Eden
Following their first public Exhibition Match, Melee on the Meteor, Wildcard has announced the launch of its first Web3 asset: the WildPass. The Genesis WildPass will be available on the Polygon blockchain network, and will provide exclusive opportunities and access to the Wildcard Universe. дальше »
2023-4-6 20:36
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Genesis execs receive discounted FTX tokens before public launch
People familiar with the matter have revealed that some of the executives at the bankrupt crypto lender Genesis Global Capital have received discounts on FTX’s native token, FTT, and serum (SRM), which was also launched with the help of the… дальше »
2023-3-28 13:01
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Will Bitcoin [BTC] hit $1 million in 90 days? Real Vision CEO predicts...
Real Vision CEO Raoul Pal believes that Balaji Srinivasan’s bet on Bitcoin hitting $1 million within 90 days is a marketing trick. Pal talked about crypto failures such as FTX, U.S. governmenThe post Will Bitcoin [BTC] hit $1 million in 90 days? Real Vision CEO predicts... appeared first on AMBCrypto. дальше »
2023-3-20 16:00
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Play-and-Earn Football Prediction App Pooky Announces Minting of its Genesis NFT Collection
Pooky, a gamified Web3 risk-free prediction app, announced via a press release that its Genesis NFT Collection is ready for minting starting on 28 February. The Genesis NFT collection will come with various levels of rarity, which correspond to the value of the NFTs. дальше »
2023-2-22 16:21
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Blockchain company NvirWorld signs MOU with World Vision: Donate to the earthquake in Turkey-Syria
Singapore, Singapore, 18th February, 2023, Chainwire NvirWorld – a blockchain technology innovation company, and World Vision – a non-governmental organization (NGO) for international relief and development, have signed a business agreement at the World Vision Korea headquarters. дальше »
2023-2-19 13:26
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Crypto Biz: FTX clawbacks, Genesis silver lining?
As FTX seeks clawbacks on political donations, Digital Currency Group and its bankrupt subsidiary, Genesis, have reached a restructuring agreement. дальше »
2023-2-11 23:30
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