Crypto exchange Gemini said its Earn program “will not be able to meet customer redemptions within the service-level agreement of five business days” following the announcement that lendin...
Tag: Genesis
Genesis Capital Pauses Withdrawals, Gemini Earn Affected – Trustnodes
Genesis Global Capital, a crypto lender that focuses on institutional investors with $2.8 billion in loans as of Q3 2022, has suspended loan redemptions its Interim CEO Derar Islim said in a call to c...
FBI Plans To Extradite FTX SBF As Contagion Spills To Genesis?
As Daily Mail reports, FTX’s former CEO Sam Bankman-Fried could be facing extradition. After more and more shocking details about FTX, Alameda and their leaders came to light in recent days, Bankman-F...
Genesis Halts Crypto Lending, Blames ‘FTX Implosion’
The lending division of cryptocurrency asset manager Genesis moved Wednesday morning in New York to put a halt to customer redemptions and new loan originations. The decision stemmed from the building...
$140 Million Financial Injection Received by Genesis Trading
8 seconds ago | 2 mins read Exchange News The financial injection, Genesis said, would allow the firm to better serve its customers. In July, Genesis Trading had exposure to Three Arrows Capital. On N...
Genesis receives additional equity infusion of $140M following recent market events
Genesis trading announced on Nov. 10 that it will receive an additional equity infusion of $140 million from its parent company, Digital Currency Group. According to the company, this decision was mad...
Digital Currency Group aporta US$140M a la empresa de trading Genesis
“Si bien la operativa de nuestros negocios de préstamos y trading no se vio afectada por los acontecimientos de mercado que se dieron recientemente, Genesis ha comenzado a dar los primeros pasos para ...
Crypto Investment Firm DCG Gives $140M Equity Infusion to Trading Firm Genesis
“While the operation of our lending and trading businesses has not been impacted by recent market events, Genesis has taken steps to strengthen its balance sheet with an additional equity infusion of ...
$175 million of Genesis locked in FTX – crypto.news
Genesis has announced they have $175 million locked up in FTX. The entity further claims that the locked funds do not affect genesis’ market-making activities. Genesis’ funds locked On FTX due to liqu...
Genesis Discloses Exposure To FTX
Genesis Trading has revealed that it was exposed to FTX, with $175 million locked away in an FTX trading account. Genesis Reveals Locked-In Funds Crypto trading firm Genesis has disclosed that around...
Trading firm Genesis to get $140 million equity infusion from parent company DCG
Digital Currency Group (DCG), the parent company of crypto trading firm Genesis, is stepping in to provide a $140 million equity infusion to Genesis after it said that its derivatives business had $1...
Crypto Trading Company Genesis Reveals Frozen Funds on FTX
3 hours ago | 2 mins read Editors News Genesis Trading stored over $175 million in an FTX trading account. The Bahamas Securities Commission said that it had frozen the assets of FTX Digital Markets....
BlockFi halts withdrawals amid FTX crisis, Genesis Trading, Crypto.com emphasize transparency
BlockFi limits its platform activity and pauses client withdrawals amid the FTX crisis. In a Twitter post, BlockFi clarified that this is due to the lack of clarity on the FTX issue. The announcement...
Genesis Trading says derivatives arm has $175 million locked up in FTX account
Genesis Trading revealed late Thursday that its derivatives business has exposure to FTX amid the crypto exchange’s ongoing collapse. “As part of our goal in providing transparency a...
Genesis reports losses of around $7 million after hedging against market volatility
Crypto trading and lending firm Genesis Trading reported losses of around $7 million “across all counterparties” that include Alameda Research after it hedged and sold collateral on Tuesda...
Genesis, Crypto.com latest companies to distance themselves from FTX crisis
Crypto trading and lending firm Genesis Trading and wallet provider Crypto.com are among the latest companies to distance themselves from the FTX liquidity crisis. The two firms took to Twitter ...
Crypto Lending Dropped 80% In Q3, Genesis Trading Report Reveals ⋆ ZyCrypto
Advertisement     Genesis Trading, a leading global crypto brokerage firm reported an 80% plunge in its lending segment, taking the third consecutive beating in Q3 fol...
Genesis Trading’s Q3 Report Below Par Amid Sluggish Market
57 seconds ago | 2 mins read Bitcoin News Genesis saw a precipitous 44% drop in spot trading volume. There were a total of $4.9 billion in active loans in the 2022 third quarter. Genesis Trading, a cr...
Genesis Trading Sees Huge Drop in Appetite for Crypto Lending
Crypto brokerage firm Genesis trading has recently published a new report explaining how the crypto lending market is facing the heat of massive correction in the crypto space. For the third quarter o...
DK Mobile: Genesis Grand Opening
Place/Date: – October 25th, 2022 at 3:12 pm UTC · 4 min read Contact: DK Mobile, Source: DK Mobile: Genesis Ltd, ITSBLOC Ltd. An MMORPG game that anyone can play for free. The first on-chain ga...
Crypto firm Genesis loses its chief risk officer: CoinDesk
Michael Patchen, chief risk officer for crypto broker and lender Genesis, has left the firm after only three months on the job. Patchen’s departure was reported by CoinDesk and Bloomberg. His Li...
Crypto executive exits continue as firms trudge through bear market
A string of notable crypto executive shakeups continued through September into October as companies continued to grapple with the bear market. Two of the most high-profile departures involved execut...
Grayscale terminates Bitcoin trust material agreements with Genesis
According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Grayscale Investments has terminated two agreements with cryptocurrency broker Genesis around its Grayscale Bitcoin...
Grayscale Launches New Crypto Dealer as Genesis Got Incapacitated With 3AC Bankruptcy
Grayscale Investments, one of the largest asset managers in the digital currency ecosystem has launched a new broker-dealer dubbed Grayscale Securities, recent filings with the United States Securitie...
Crypto Firm Genesis Trading And Head Of Sales Steps Down After The CEO Exits
The aftermath of the crypto winter is yet to be over. More crypto-related companies are still showing signs of drowning through the drastic impact of the bearish trend. Moreover, most crypto assets ha...
Grayscale’s new broker dealer for Bitcoin Trust replaces Genesis
Grayscale Investments, the digital assets investment firm behind the Grayscale Bitcoin Trust (OTCMKTS: GBTC), has unveiled a new broker dealer unit that will henceforth create and issue shares of its ...
Electric Genesis GV60’s Battery Prowess Won’t Worry Europeans
Genesis’ all-electric GV60 (Photo by JUNG YEON-JE/AFP via Getty Images) AFP via Getty Images Genesis wants the GV60 electric car to lead its charge into the European premium market and although ...
Genesis Token (GTN) Goes Live For Trading On LBank Exchange
Advertisement     Genesis Token (GTN) was listed on LBank Exchange, a worldwide trading platform for digital assets, on September 29, 2022. On September 29, 2022, at 1...
Genesis Sales, Trading Chief Ballensweig Exits Crypto Lender
Genesis has suffered an exodus of talent in the wake of its massive losses to failed crypto hedge fund Three Arrows Capital. In August, it cut 20% of staff and its CEO Michael Moro resigned; research ...
A Month After the CEO, Another Genesis Executive Steps Down
Following the exit of Michael Moro as the CEO of Genesis Global Trading, the crypto brokerage firm’s co-head of sales and trading is also stepping down from his position. The development continues the...