State Securities are interrogating Genesis Global Capital in a wide range of probes into the interrelation of the crypto companies. The report highlights that the Alabama Securities Commission is seek...
Tag: Genesis
Ethereum Unstaking, Genesis And More
Let’s take a closer look at the multitude of ways that the FTX crash continues to affect market conditions, global regulations, and liquidity pools. Bitcoin The El Salvadoran Minister of the Economy...
Genesis Prone to Face Investigation Under Securities Violation Suspicion
Prominent crypto lending firm Genesis Global Capital is struggling following the bankruptcy filing of FTX. Now it is reported that several US securities regulators are seeking to investigate Genesis. ...
Genesis is being investigated by U.S. state regulators: Report
According to recent reports, the crypto lending division of the Digital Currency Group (DCG), Genesis Global Capital, is the subject of an investigation by state security regulators in the United Stat...
State Securities Regulators Probe Crypto Lender Genesis – Regulation Bitcoin News
State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that...
Genesis FUD Subdues As Grayscale Bitcoin Trust (GBTC) Recovers
Grayscale Bitcoin Trust premium rate recovers from -46% to -40% as Cathie Wood’s Ark Invest buying GBTC shares rebuilds confidence in the crypto market. Meanwhile, Binance allocates over $2 billion in...
Crypto Lender Genesis Being Probed by Several U.S States
11 seconds ago | 2 mins read Defi News After the FTX crash, Genesis stopped processing client withdrawals. Genesis has $2.3 billion in debt after the collapse of Three Arrows Capital. Because of the w...
American regulators to investigate Genesis and other crypto firms
Cryptocurrency lending firm Genesis Global Capital and other crypto firms are under investigation by securities regulators in the United States, according to reports on Nov. 25. Joseph Borg, director...
Genesis Probed by Alabama State Regulator
Key Takeaways The Alabama Securities Commission and other state regulators are investigating Genesis Global Capital. The investigation focuses on Genesis’ relation to retail investors and connec...
Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital – Coinotizia
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to...
Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital – Exchanges Bitcoin News
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to...
Genesis meltdown: Why investors are worried about bigger problems for crypto
Investors are worried that liquidity problems for crypto financial-services firm Genesis could spill over to its parent company, Digital Currency Group, and damage the already battered crypto market e...
Huge Change In Cardano (ADA) Deposits; Genesis Impact On?
Cardano (ADA) News Updates: While the Digital Currency Group (DCG) is in the news for its exposure to FTX, several cryptocurrencies are seeing major changes. Over the last two weeks, most cryptocurren...
CEO of Digital Currency Group Reveals Monetary Terms With Genesis
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Genesis hires a bankruptcy avoidance specialist
Recent reports say that Genesis Global Capital has hired a restructuring counsel to look into all of the possible outcomes, including but not limited to the possibility of filing for bankruptcy. Accor...
Genesis calls in restructuring expert in its fight to avoid bankruptcy
Cryptocurrency lending firm Genesis Global Capital has reportedly hired a restructuring adviser to explore all possible options that include, but aren’t limited to, a potential bankruptcy. It is unde...
Genesis Will Not File For Bankruptcy, Crypto Daily TV 23/11/2022
In Todays Headline TV CryptoDaily News: Bitpanda obtained crypto license in Germany. Austrian exchange Bitpanda has obtained a crypto license in Germany through its local unit. With the German Federal...
Bitcoin Price Tumble Amidst Genesis’ Potential Bankruptcy News
Collapse of FTX, since its bankruptcy filing, was significant enough to tremble the crypto industry. Many prominent companies had ties with Sam Bankman-Freid’s crypto exchange. Its decline was likely ...
Digital Currency Group Says No Imminent Threat Despite Owing Genesis $575M
Amid concerns over the health and future of Digital Currency Group (DCG) following the collapse of crypto exchange FTX, company CEO Barry Silbert told shareholders of the crypto conglomerate that whil...
Digital Currency Group Owes Genesis Trading Arm $575 Million by May
Digital Currency Group (DCG) CEO Barry Silbert recently shared a letter with investors illuminating the cryptocurrency conglomerate’s web of external and intercompany loans. Among them is a newly dis...
Grayscale Bitcoin Trust (GBTC) In Snug Apart From Liquidity Problems At Genesis
The GBTC managing company is in news with its sister company, Genesis amid FTX collapse. Grayscale says no to proof-of-reserves and shares trades at huge discounts to BTC. What Does the Report Say? ...
Genesis Bankruptcy Announcement Following FTX Affecting Grayscale
FTX bankruptcy filing brought another avalanche for the crypto space that seems to be getting destructive with every sliding phase. Slowly the destruction is moving towards the next potential contende...
Gemini Still Working With Genesis, Digital Currency Group to Unlock Earn User Withdrawals
There is still no word on when users of Gemini’s Earn service will be able to withdraw their funds, but this morning the exchange tweeted it’s continuing “to work with [lending partner] Genesis and it...
Binance Cites Conflict of Interest for Passing on Genesis Investment: Report
Binance has reportedly rejected an offer to invest in troubled crypto lending firm Genesis due to a potential conflict of interest some of its business could create down the road. Genesis reportedly o...
Will Genesis Be the Next Victim of the Crypto Lender Contagion?
While Genesis has denied plans to declare bankruptcy, the exchange’s liquidity trouble concerns the industry. Following the FTX collapse, Genesis Global Trading’s lending division halted new loans and...
Crypto Lender Genesis Could File for Bankruptcy Without a Fresh Capital: Report
Crypto brokerage firm Genesis is struggling to raise fresh capital for its lending unit and has warned potential investors that it may need to file for bankruptcy if its efforts are abortive, Bloomber...