2023-9-14 01:05 |
DCG, parent company of insolvent Genesis, is proposing a creditor repayment plan, including that of Gemini Earn investors
Similar to Notcoin - Blum - Airdrops In 2024
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The move by Genesis creditors comes months after they had appeared to reach an initial agreement with Genesis-owner DCG.
2023-4-25 15:55 | |
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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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Gemini’s co-founder Cameron Winklevoss wrote an open letter Tuesday accusing Barry Silbert, CEO of DCG, the parent company of Genesis trading, of causing the latter’s collapse. Genesis Global Trading temporarily suspended withdrawals in November due to liquidity issues resulting from the demise of FTX.
2023-1-4 17:00 | |
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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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Three users of Gemini Earn filed a class arbitration case against Genesis Global Capital, Digital Currency Group (DCG), and Genesis Global Trading, with the American Arbitration Association on December 30.
2023-1-3 15:10 | |
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Комитет кредиторов Genesis и DCG предложил компаниям план решения проблем с ликвидностью и ожидает услышать их мотивированный ответ к концу недели.
2022-12-23 11:12 | |
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Gemini co-founder Cameron Winklevoss says that global investment bank Houlihan Lokey is working to resolve liquidity issues at the exchange.
2022-12-22 00:46 | |
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The new Chelsea FC CEO Todd Boehly will acquire $350 million if the crypto lender Genesis declares bankruptcy. Digital Currency Group will be liable for such an outstanding loan. DCG tries to raise funds to support Genesis Digital Currency Group…
2022-12-22 22:09 | |
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Gemini creditor commission presented a plan to address the liquidity problems at Genesis and DCG.
2022-12-21 14:03 | |
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The Gemini creditor committee presented a plan to Genesis and DCG to resolve their liquidity issues Genesis and DCG owe $900 million to Gemini Gemini, as of 21 December, provided an updateThe post Can Gemini's Creditor Committee resolve the Genesis, DCG liquidity crisis appeared first on AMBCrypto.
2022-12-21 13:30 | |
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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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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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Besides the macroeconomic headwinds, when it comes to crypto, there are two main concerns at the moment: Binance and DCG. The situation surrounding Genesis Trading, Digital Currency Group (DCG) and Grayscale, which is still unresolved after a month, is depressing the market sentiment around Bitcoin.
2022-12-19 18:00 | |
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Компания DCG, столкнувшаяся с проблемами дочерней Genesis Trading, может привлечь капитал, продать нестратегические активы и сохранить Grayscale или ликвидировать GBTC. К таким выводам пришли аналитики Bernstein.
2022-12-12 12:27 | |
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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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По данным Financial Times, сервис криптовалютного кредитования Genesis и его материнская компания Digital Currency Group (DCG) задолжали клиентам биржи Gemini более $900 млн.
2022-12-6 09:18 | |
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Major crypto lender Genesis Trading and its parent company Digital Currency Group (DCG) owe users of cryptocurrency exchange Gemini $900 million. Financial Times reported on Dec. 3, 2022, that users of Gemini Earn lost $900 million when Genesis — the external firm that…
2022-12-5 22:00 | |
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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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The crypto contagion sparked by the downfall of FTX seems to have found its latest victim- Genesis Global Capital. However, the trouble isn’t limited to the New Jersey-based crypto lender. MarkeThe post DCG CEO Barry Silbert addresses investors’ concerns in a letter to shareholders appeared first on AMBCrypto.
2022-11-23 20:00 | |
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Genesis has hired global investment bank - Moelis & Company to explore all possible options including bankruptcy DCG's CEO Barry Silbert revealed that the parent company owes Genesis $575 mThe post Genesis onboards financial advisors as it explores 'all possible options' appeared first on AMBCrypto.
2022-11-23 00:30 | |
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Following rumors of potential contagion from FTX, Digital Currency Group (DCG) CEO Barry Silbert sent shareholders a memo on November 22 addressing the situation surrounding Genesis’ liquidity.
2022-11-23 23:55 | |
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Following the recent collapse of FTX, the fallout spread to Genesis, which had already been bailed out by parent company Digital Currency Group (DCG) earlier this year following the failure of Three Arrows Capital.
2022-11-20 16:00 | |
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Cryptocurrency prices remained on edge this week as the collapse of FTX continued. During the week, Genesis, a leading crypto exchange, suspended its withdrawals briefly. Similarly, a crypto lender associated with Digital Currency Group (DCG) suspended most of its business.
2022-11-18 13:37 | |
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Genesis reported earlier that its derivatives business currently has about $175 million in locked funds in its FTX trading account.
2022-11-12 19:08 | |
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Digital Currency Group (DCG), являющаяся родительской компанией управляющего активами Grayscale Investments, сервиса первичного брокерства Genesis и медиаресурса CoinDesk, сегодня объявила о приобретении биржи криптовалют Luno.
2020-9-10 11:00 | |
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Global fintech company Circle has partnered with cryptocurrency prime brokerage Genesis. The two will work together to push the adoption of Circle’s USDC stablecoin. As part of the deal, Digital Currency Group (DCG) has invested $25 million in Circle.
2020-8-1 18:20 | |
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Компания Circle заключила партнерство с Genesis Global Trading, дочерней компанией Digital Currency Group (DCG), для разработке продукта по кредитованию в стейблкоине USDC. В рамках соглашения DCG инвестирует в Circle $25 млн.
2020-7-30 17:00 | |
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USDC backer Circle is teaming with Genesis Trading in a $25 million deal aimed at pushing the stablecoin to the fintech masses.
2020-7-30 16:00 | |
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Базирующийся в Нью-Йорке внебиржевой криптовалютный дилер Genesis Global Trading сообщил, что всего за полгода работы выдал своим институциональным клиентам займы в криптовалютах на сумму более полумиллиарда долларов США.
2018-10-18 21:51 | |
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Аналог Notcoin - Blum - Играй и зарабатывай Монеты
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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…
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…
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)…
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…
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.
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…
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.