The biggest news in the cryptoverse for Jan. 3 is dominated by SBF entering his ‘not guilty’ plea, Genesis hit by class action lawsuit, Bithumb chairman found not guilty, and more in this CryptoSlate ...
Tag: Genesis
This is BIG: DCG and Genesis the next FTX and Alameda?
In collaborative efforts with DCG’s crypto company Genesis, Gemini provides a crypto lending product called Earn. After the bankruptcy of major cryptocurrency exchange FTX in November, Genesis stoppe...
Gemini vs Genesis – All Prepared for legal Battle
Gemini Clients have filed a Class Arbitration case against Genesis-DCG company as the company had halted withdrawals of the Gemini Earn Program when the FTX crash happened in November 2022. The reason...
Genesis Day and Satoshi’s Idea of Monetary Sovereignty
The streak of bankruptcies and price declines has dampened glimmers of positive progress. But Bitcoin just turned 14 today. January 3 is known as Bitcoin Genesis Day for the first block of BTC ever mi...
Bankrupt 3AC Founder Expects Genesis Bankruptcy, What Happens To Grayscale?
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 Currenc...
Gemini Earn users launch class arbitration against Genesis, DCG
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 Dec. 30...
Cameron Winklevoss Accuses Genesis Of Negotiating In Bad Faith
Co-founder of crypto exchange Gemini Trust Co, Cameron Winklevoss, has accused the CEO of Digital Currency Group (DCG), Barry Silbert, of negotiating in bad faith. The comments were made in an open l...
3AC CEO Predicts How War Between DCG / Genesis Will End
Su Zhu, a co-founder of Three Arrows Capital, has spoken out in a Twitter thread about the escalating crypto war between Digital Currency Group (DCG) CEO Barry Silbert and the Winklevoss twins, founde...
Gemini users file class-action request against Genesis and DCG: CoinDesk
Three users of Crypto exchange Gemini’s Earn program have reportedly filed a request for class-action arbitration against Genesis Global Capital and Digital Currency Group. The request, wh...
Is SBF 2.0 Incoming? Will the Entire Genesis Fiasco End up in the Year’s First Bankruptcy?
The FTX contagion continues to spread as the aftermath appears to have not settled. After the fallout of the famous exchange FTX, many platforms which had heavily invested in the firm have been facing...
Gemini’s Winklevoss, DCG’s Silbert spar over frozen funds on Genesis
Gemini co-founder Cameron Winklevoss accused Digital Currency Group head Barry Silbert of “bad faith stall tactics” and comingling funds at his conglomerate in a pointed open letter posted...
Cameron Winklevoss Asks Genesis to Return Customer Funds
Cameron Winklevoss wrote an open letter to Barry Silbert asking him to solve Gemini Earn users’ problems by Jan. 8 Gemini had partnered with Barry Silbert-led Genesis to provide yields to customers fo...
Gemini founder claims Genesis and DCG are ‘beyond commingled’, gives deadline
Cameron Winklevoss states that Genesis Global has been “engaging in bad faith stall tactics” The crypto lending arm of DCG has been refusing to meet with Gemini to solve problems regarding user funds ...
Crypto news: Genesis’ debt to Gemini
News: crypto exchange platform Gemini (connected to Genesis) and its founders, Tyler and Cameron Winklevoss, are being sued by investors who claim the cryptocurrency exchange sold interest-bearing acc...
Will Genesis Become the Catalyst for the Bitcoin Bear Market Lows?
Bitcoin price has been facing constant rejection at $17,000 and finely dropped heavily to hover around $16,500 in the past few days. While the possibility of a bullish close has evaporated to some ext...
Crypto Lending Firm Genesis Global Halts Redemptions
Genesis Global Capital – a crypto lending company – has suspended all redemptions and related activity as it’s now one of the latest firms to be feeling the heat and buzz caused by the collapse of FTX...
National Geographic debuts in NFT Genesis collection with Snowcrash
According to the plans of National Geographic, the prime publication is all set to deliver its NFT collection. However, this is done with the active collaboration of Web3 studio and the NFT platform S...
Genesis and DCG seek asset recovery amid financial concerns.
Cameron Winklevoss, a co-founder of Gemini, claims that the global investment bank Houlihan Lokey has developed a strategy to address the liquidity concerns that have been plaguing Genesis and its...
The liquidity of the crypto company Genesis
As a result of the problems currently plaguing the crypto market, Genesis and its parent company Digital Currency Group (DCG), a committee of creditors, which includes cryptocurrency exchange Gemini, ...
Genesis and DCG seek path for the recovery of assets amid liquidity issues
The co-founder of Gemini, Cameron Winklevoss, says that global investment bank Houlihan Lokey has devised a plan on behalf of a committee of creditors to resolve the liquidity issues at Genesis and it...
New Chelsea owner will receive $350 million if Genesis is bankrupt
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 fu...
Genesis and DCG creditor committee propose plan for asset recovery
Houlihan Lokey, an investment and financial services firm, presented a liquidity resolution plan on behalf of the creditor committee for the crypto broker Genesis and its parent company, DCG. Ge...
Can Gemini’s Creditor Committee resolve the Genesis, DCG liquidity crisis
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 update to its use...
Genesis recovers from the crisis of the crypto world
Despite the constant shake-ups, many investors are still willing to bet on the crypto sector, and while Genesis is facing customer flight, it is organizing to fix its corporate accounts and rebound. D...
Global Crypto ATM Strategic Business Report 2022 Featuring Bitaccess, Coinme, Coinsource, Covault, General Bytes, Genesis Coin, Lamassu, Mainstreet Automaten, & RusBit – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Crypto ATM: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering. Global Crypto ATM Market to Reach $2.3 Billion by 2027 The global ...
Chelsea FC owner first in line for $350M payout if Genesis goes under
Barry Silbert’s Digital Currency Group (DCG) could be forced to pay back $350 million to financier and Chelsea FC owner Todd Boehly if its brokering subsidiary Genesis goes under, according to people ...