Tag: Genesis

According to various reports, investors are reportedly interested in purchasing Coindesk, a cryptocurrency news publication. On Jan. 18, Wang Feng, founder of China-based news publication Marsbit, ann...

Tokens.com Provides Further Update on Assets Held at Genesis Global Capital

TORONTO–(BUSINESS WIRE)–Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a publicly-traded company that invests in web3 as...

Genesis Trading wallets halted – holding over $280M

Genesis Trading appears to have halted all wallet on-chain operations on Jan. 20 after filing for Chapter 11 bankruptcy in the Southern District of New York The wallets hold over $280 million in cryp...

Crypto Lender Genesis Files for Bankruptcy

Key Takeaways Genesis has filed for bankruptcy. The crypto lender owes over $3.5 billion to its top 50 creditors. Gemini co-founder Cameron Winklevoss is threatening to sue DCG CEO Barry Silbert. Shar...

Bitcoin

Bitcoin Gains Another 12% Weekly, Altcoins Lag Behind, Genesis Files for Bankruptcy: The Weekly Recap

The past seven days were packed in terms of price action. The total cryptocurrency market cap sits above $1 trillion, with most of the leading coins charting considerable gains. However, it appears th...

Community Brings Up Conspiracy Following Genesis Bankruptcy

Over recent months, the number of bankruptcy-filing companies in the industry has increased more than usual. The latest Genesis bankruptcy filing raised even more concerns and conspiracy theories amon...

Tokens.com Provides Update on Assets Held at Genesis Global Capital

Crypto market unshaken despite Genesis bankruptcy

The cryptocurrency market cap saw net inflows of $11.64 billion in the last 24 hours and currently stands at $976.82 billion — up 1.19% from $965.18 billion. Bitcoin and Ethereum’s market cap grew 1.0...

FTX Collapse Claims Big Victim: Genesis Goes Bankrupt

Another renowned crypto firm is down. The fall of Sam Bankman-Fried’s crypto empire continues to wreak havoc on the cryptocurrency industry. Crypto lender Genesis Global Holdco LLC filed for b...

Genesis aims to move ‘quickly and efficiently’ to exit bankruptcy, interim CEO says

Genesis has a roadmap to exit bankruptcy and hopes to do so as “quickly and efficiently as possible,” interim CEO Derar Islim told clients this morning in a letter obtained by The Block. ...

Bitcoin Crypto

Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit – Featured Bitcoin News

Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Ge...

Decentraland founders Ordano and Meilich join list of Genesis creditors

Virtual world platform Decentraland has not one but three of its executives and founders listed among the 50 largest non-insider unsecured claims against Genesis Global, the crypto lender that filed f...

Crypto markets hold steady in face of Genesis bankruptcy filing

Crypto markets saw minimal volatility over the past 24 hours despite Digital Currency Group (DCG) subsidiary company Genesis Global Capital filing for Chapter 11 bankruptcy on Jan. 19. Insolvency rumo...

Genesis Files for Chapter 11 Bankruptcy

Genesis, a cryptocurrency lending company, has filed a petition for bankruptcy protection under Chapter 11 in the Southern District of New York. According to the filing from January 19th, the company ...

Bitcoin

BTC Back Above $21,000 Despite Genesis Bankruptcy – Market Updates Bitcoin News

Bitcoin crept back up to the $21,000 level on Friday, as volatility in the cryptocurrency market remained high. After falling by nearly 4% in Thursday’s session, the global market cap is up by 1.14% a...

Genesis Global Files For Chapter 11 Bankruptcy in New York

5 hours ago | 2 mins read Editors News The report comes just two days after the rumor was first made public. Genesis has $175 million of its own stranded on FTX. Genesis Global, a cryptocurrency lende...

Genesis Files for Bankruptcy, Has $150 Million In the Bank

Digital currency brokerage Genesis announced that it filed for Chapter 11 bankruptcy late Thursday. “An in-court restructuring presents the most effective avenue through which to preserve assets...

Projects Under Threat Amid Genesis Insolvency; Check Here

Crypto News Today Live Updates December and Latest News: (20 January 2023) The digital asset market printed green indexes on Friday morning amid the increased volatility. The cumulative market cap reg...

Genesis Files Chapter 11 Bankruptcy as Winklevoss Threatens Legal Action

Genesis Trading declared bankruptcy after incurring catastrophic losses due to the broader crypto market collapse. The bankruptcy filing has identified $1.2 to $11 billion in total liabilities and 100...

Bybit CEO uncovers clues on exposure to Genesis, but community wants more answers – Cryptopolitan

Following the demise of FTX, Genesis Global took a similar route and filed for Chapter 11 bankruptcy protection in New York on January 19th. This sudden news caused an uproar among the crypto communit...

Genesis files for chapter 11 bankruptcy as Winklevii threaten DCG lawsuit

Late Thursday night, Genesis Global announced it voluntarily filed for chapter 11 bankruptcy, along with its crypto lending arm Genesis Global Capital and lending unit Genesis Asia Pacific. In a press...

Genesis Global caves to liquidity issues, files for Chapter 11 bankruptcy

Genesis Global — a Digital Currency Group (DCG) subsidiary — filed for Chapter 11 bankruptcy protection on Jan. 19 in the bankruptcy court of the Southern District of New York, it said in a press rele...

Genesis’ crypto lending businesses file for Chapter 11 Bankruptcy Protection

Genesis, along with its 2 subsidiaries, filed for Chapter 11 bankruptcy protection last Thursday following the collapse of FTX and Three Arrows Capital. The application has been filed by Genesis Globa...

Genesis in hot water as it owes over $3.5 Billion to its top 50 creditors – Cryptopolitan

Genesis has accrued a staggering $3.5 billion debt that it owes to its top 50 creditors, as revealed in its Chapter 11 bankruptcy filing. According to the filing, Genesis’s biggest debt is $765.9 mill...

Crypto Giant Genesis Files For Bankruptcy As Casualties Mount After FTX Collapse

Topline Cryptocurrency lender Genesis filed for bankruptcy late Thursday night, court documents show, the latest major player to fold and another blow to the sector as it struggles to recover from the...

BREAKING NEWS: Crypto Lender Genesis Files For Chapter 11 Bankruptcy As Crisis Deepens

Genesis Global Holdco, the parent company of embattled cryptocurrency lender Genesis Global Capital, has filed for Chapter 11 bankruptcy protection, becoming the latest firm to cave in to pressure in ...

Crypto lender Genesis Trading files for bankruptcy protection

Barry Silbert, Founder and CEO, Digital Currency Group David A. Grogan | CNBC Crypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the lates...

Winklevoss Threaten to Sue DCG as Genesis Files for Bankruptcy – Trustnodes

Cameron Winklevoss, the CEO of Gemini Earn which held $950 million in Genesis, threatened to sue the Digital Currency Group (DCG) after its subsidiary filed for bankruptcy. “The decision to put Genesi...

Genesis Global Capitalが破産申請、デリバティブやカストディ事業運営会社は対象外 | あたらしい経済

Genesis Global Capitalが破産申請暗号資産（仮想通貨）レンディングを手掛けるジェネシス・グローバル・キャピタル（Genesis Global Capital：GGC）が、米国で破産申請したことが現地時間11月19日23:26に正式発表された。なお同社親会社ジェネシス・グローバル・ホールドコ（Genesis Global Holdco：GGH）および、...

Genesis owes more than $3.6 billion to top 50 creditors

Genesis Global, which filed for bankruptcy protection in New York late Thursday, owes more than $3.6 billion to its top creditors. After filing for Chapter 11 bankruptcy protection in the U.S. B...

DCG’s Subsidiary Genesis Global Files for Chapter 11 Bankruptcy