Genesis CEO Michael Moro has stepped down, with Chief Operating Officer Derar Islim elevated to interim Chief Executive Officer, the New York-based crypto broker announced on Wednesday. The company sa...
Tag: Genesis
Genesis CEO Steps Down as Firm Cuts 20% of Staff
Key Takeaways Genesis Trading has announced the replacement of its CEO Michael Moro. It will also cut 20% of its workforce. The company has recently made a slew of new executive hires, however. Genesi...
Spending $276M in Ether — Colossal Ethereum Whale That Participated in the Genesis ICO Transfers 145,000 ETH – Bitcoin News
After three years of dormancy, a massive ethereum whale that participated in the project’s first token sale, also known as the Genesis initial coin offering (ICO), spent 145,000 ether worth just over ...
Genesis Digital Asset Secures 708 MW in Capacity
The well-known Bitcoin mining firm, Genesis Digital Asset, announced it has secured 708 megawatts (MW) in capacity. The firm further revealed about its opening of 130 full-time jobs in the U.S. Andrey...
Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022 – Mining Bitcoin News
This week the bitcoin mining company Genesis Digital Assets announced that the firm has secured 708 megawatts (MW) in capacity and revealed plans to create 130 full-time jobs in the United States. The...
Crypto Broker Genesis Says Lending Business Declined in Q2
Genesis, a global institutional digital asset trading, lending, derivatives, custody and prime brokerage services company, on Wednesday, published its Q2 earning report with some interesting insight i...
Genesis Digital Locks In 708 MW of Energy for Bitcoin Mining
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Genesis Active Loans Dropped 66% in Q2
Genesis’ loans outstanding dropped from $14.6 billion in the first quarter to $4.9 billion in the second quarter The firm’s custody business processed its highest number of quarterly transactions, an ...
Over 44 Million Contracts Deployed to Ethereum Since Genesis: Research
There have been more than 44 million smart contracts deployed on Ethereum since it began, according to Electric Capital engineer ‘Emre.’ He added that remarkably, around 70% of the 15 million or so li...
Bankrupt Three Arrows Capital Owes $3.5B to Creditors, Including $2.3B to Genesis
Three Arrows Capital (3AC) owes a whopping $3.5 billion to 27 different companies—including Blockchain.com, Voyager Digital, and lender Genesis Global Trading—according to court documents. The details...
Genesis Trading Reportedly Issued $2.36 Billion Loan To Three Arrow Capital
According to a recent report, Genesis Trading allegedly issued an under-collateralized loan of $2.36 billion to the embattled Three Arrows Capital (3AC). The lending platform had engaged in an arbitra...
Five-member creditor committee formed for Three Arrows Capital’s liquidation
A five-member committee of creditors of bankrupt hedge fund Three Arrows Capital (3AC) has been formed today, according to three sources with knowledge of the matter. The committee is comprised of Dig...
Court Filing Shows Three Arrows Capital Owes Genesis $2.36B
Teneo released a 1,157-page court petition that included the numbers. 3AC filed for Chapter 15 bankruptcy on July 1 amid all the confusion. Three Arrows Capital (3AC), a crypto lending platform, owes ...
3AC Owes $2.36 Billion To Crypto Lender Genesis
According to a news report by crypto news site The Block, It has been found that Genesis Asia Pacific Ltd, lent a sum of $2.36 billion to troubled and now bankrupt venture capital Three Arrows Capital...
Crypto lender Genesis lent $2.36 billion to Three Arrows Capital
Genesis Asia Pacific Pte Ltd, a division of the crypto lender owned by Digital Currency Group, lent $2.36 billion to collapsed hedge fund Three Arrows Capital (3AC). Earlier reports have stated that...
Genesis Lent $2.36B To Bankrupt Crypto Hedge Fund Three Arrows Capital
Reports have revealed that Genesis had lent $2.36 billion to crypto hedge fund Three Arrows Capital (3AC). The crypto hedge fund had recently filed for Chapter 15 bankruptcy in New York. Genesis’s par...
3AC liquidators seek time, access to headquarters as Genesis, Algorand ties are untangled
The liquidators of failed crypto hedge fund Three Arrows Capital (3AC) have filed an application in the High Court of Singapore for a stay on claims against 3AC and access to the company’s Singapore h...
Genesis Gave Nearly $2.50 Billion Loans To Three Arrows Capital
After revealing that Genesis liquidated positions in Three Arrows Capital (3AC) earlier, the exact amount of loss is now revealed. Crypto lender Genesis is said to have lent Three Arrows Capital a loa...
Genesis Reportedly Lent $2.36 Billion to Three Arrow Capital
Genesis Global Trading – a crypto prime brokerage firm – reportedly credited the now insolvent Three Arrows Capital (3AC) with $2.36 billion in under collateralized loans. As reported by The Block, de...
Genesis Files $1.2B Claim Against Three Arrows Capital
Crypto broker Genesis Global Trading, has filed a $1.2 billion claim against the now insolvent Three Arrows Capital, according to a 1,157-page court filing uploaded by bankruptcy trustee Teneo. Genesi...
How Crypto Hedge Fund 3AC Borrowed $2.3B From Genesis
Failed crypto hedge fund Three Arrows Capital (3AC) has been in the spotlight because it has defaulted on debt obligations for multiple companies in the crypto space. As a consequence, big players in ...
Flare Ignites Genesis Event and Welcomes Developers to Its Interoperable Network – crypto.news
On July 14, Flare kickstarted a pivotal period in the nascent network’s history. The commencement of its genesis event marks the official birth of the interoperable blockchain and presages a flurry of...
Flare Genesis Event Precedes Massive Developer Program on the New Layer1
There’s a new layer1 blockchain in town and it’s only hours old. Flare Network, which has been under intensive development for some time now, officially went live on July 14 with a genesis event that ...
Flare Network Genesis 14.07.22 – Network Live and Ready for Builders
Place/Date: Dubai, UAE – July 14th, 2022 at 6:42 pm UTC · 2 min read Contact: Press, Source: MarketAcross Genesis has occurred for Flare Network, the blockchain built for universal connectivity ...
Flare Celebrates Genesis Event With Open Invitation to Blockchain Devs
Flare, the interoperable layer 1 blockchain, is finally open for business. Its genesis event kicked off on July 14, initiating an eight-week bedding-in period before things kick into high gear with a ...
Flare Network Genesis, July 14, 2022 – Network Live and Ready for Builders, Developer Adoption Program Coming in August
July 14, 2022 – Dubai, United Arab Emirates Genesis has occurred for Flare Network, the blockchain built for universal connectivity with other blockchains and real world data sources. Flare is a power...
Flare Network genesis 14.07.22 – Network live and ready for builders, developer adoption program coming in August
Dubai, UAE, 14th July, 2022, Chainwire Genesis has occurred for Flare Network, the blockchain built for universal connectivity with other blockchains and real world data sources. Flare is a powerful ...
Wilder World (WILD) Price Up 22% Amid Moto Genesis NFT Collection Launch » NullTX
As cryptocurrency markets continue to trade sideways, with Bitcoin and Ethereum prices managing to hold support, Metaverse crypto coins continue to build their ecosystems and remain a popular crypto c...
Genesis Trading CEO confirms 3AC exposure, parent company helps plug losses
Digital Currency Group’s market maker and lending firm Genesis Trading has confirmed that it had investment exposure in the now-liquidated Three Arrows Capital (3AC). The insolvency and subsequent liq...
Genesis CEO Revealed the Cover About Three Arrow Capital
4 hours ago | 2 mins read Editors News Michael Moro blew away the cover associated with Three Arrow Capital. When the margin crossed the 80% limit, Genesis sold out the collaterals. Genesis CEO, Micha...
Digital Asset Lender Genesis Confirms Risks Exposure of 3AC’s Insolvency
Digital asset lending firm, Genesis Capital, said it would take risks in filing for bankruptcy with Three Arrows Capital but would try to reduce the hedge fund’s bad debt risk as much as possible, acc...