2023-2-8 19:46 |
After weeks of tense back-and-forths, Digital Currency Group, Genesis, and Gemini seem to have reached an agreement as to a possible restructuring planwhich still needs court approval. A Positive Step...
Similar to Notcoin - Blum - Airdrops In 2024
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The Digital Currency Group and Genesis have reached an initial deal with a group of the firm’s main creditors. The agreement involves selling Genesis’ bankrupt entities and refinancing ouThe post DCG and Genesis reach initial deal to restructure plan with creditors appeared first on AMBCrypto.
2023-2-7 14:30 | |
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Cameron Winklevoss, the Co-Founder of Gemini, announced that the company has come to an “agreement in principle” with Genesis late on February 6. The post Gemini comes to agreement with Genesis as Cameron Winklevoss declares $100M contribution appeared first on CryptoSlate.
2023-2-7 02:11 | |
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Digital Currency Group (DCG) appears to have avoided possible bankruptcy as its sister firms, and Genesis subsidiaries, have reached an agreement with creditors to avoid going under. The post DCG Fights Back as Genesis Rises From Possbile Bankruptcy appeared first on BeInCrypto.
2023-2-7 21:53 | |
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Per a report from CoinDesk, crypto lending firm Genesis and its parent company Digital Currency Group (DCG) are moving forward with the former’s bankruptcy process. The companies reached a “principle agreement” to restructure the lending firm.
2023-2-7 21:32 | |
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The deal includes "an equitization of the infamous 10-year promissory note that DCG gave Genesis in return for the 3AC claims," a person familiar with the situation said.
2023-2-7 20:42 | |
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Bitcoin Cash evangelist Roger Ver said on January 25 that he can afford to pay money that he allegedly owes to Genesis, but that he may not need to do so. The post Roger Ver says he can afford to pay Genesis $20M but insolvency changes agreement appeared first on CryptoSlate.
2023-1-26 02:02 | |
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Coinspeaker Gemini Ends Earn Program amid Growing Feud with Genesis The master loan agreement (MLA) between Gemini's customers and Genesis now ceases to exist. Gemini Ends Earn Program amid Growing Feud with Genesis
2023-1-11 11:57 | |
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Claimants allege in a filing that Genesis breached its Master Agreement when it became insolvent in the summer of 2022, while hiding its insolvency from lenders like Gemini.
2023-1-4 07:17 | |
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Claimants allege in a filing that Genesis breached its Master Agreement when it became insolvent in the summer of 2022, while hiding its insolvency from lenders like Gemini.
2023-1-3 07:17 | |
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HIVE Blockchain Technologies and Genesis Mining, today announced that they have reached a settlement agreement which positively resolves prior misunderstandings and disagreements. The agreement was reached with a focus on initiatives which improve communication, transparency and mutually beneficial cooperation between Genesis and HIVE.
2019-7-2 18:30 | |
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Blockchain financial service company Unchained Capital will now offer multi-signature and multi-institution cold storage solutions for borrowers who leverage its crypto-collateralized loans service.
2018-11-2 21:42 | |
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Canada-based HIVE announced that it would launch a cloud mining installation that would start producing cryptocurrencies this September. HIVE Blockchain Technologies announced on Wednesday that it would launch 200 Petahashes (PH) of cloud mining power this September in line with an agreement with Genesis Mining.
2018-9-10 16:01 | |
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HIVE Announces a New Cloud-based ASIC Mining Facility HIVE Blockchain Technologies has recently the launch of 200Petahashes of cloud-based SHA-256 mining power. The launch will be in September. This is part of a prior agreement that the company had with Genesis Mining to add this mining capacity to Sweden. It was decided in December 2017 […]
2018-8-18 20:34 | |
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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.