Genesis Global Holdco, LLC, the holding company of unsettled crypto lender Genesis Global Capital, filed for Chapter eleven bankruptcy security in New York district court late on Thursday. This was al...
Tag: Genesis
NFT Collection Pixl Pets – Genesis Collection Price, Stats, and…..
Welcome to the home of the Genesis Pixl Pets. Pixl Pets is the Flagship ‘Play and Earn’ blockchain game developed within the decentralized ‘Pixlverse’ metaverse. Each “Pi...
Digital Currency Group’s Genesis Global files for bankruptcy protection
Genesis Global Holdco filed for bankruptcy protection late Thursday in New York federal district court. The news comes after the firm failed in a bid to raise cash for its troubled lending unit and cu...
Genesis Might File for Bankruptcy: When Will This Chain Stop?
Genesis owes more than $3 billion to its creditors. It had prolonged exposure to FTX and 3AC. Asked industry bigs for a cash injection. Crypto conglomerate Digital Currency Group is also affected b...
Genesis creditors back Winklevoss promissory note claim as possible bankruptcy looms
Genesis Global Capital labeled a $1.1 billion promissory note from parent Digital Currency Group as a current asset in conversations with creditors, bolstering the appearance of a stronger balance she...
Bitcoin (BTC) Fights To Regain $21,000 Amid Genesis Rumors and Charges Against Little-Known Crypto Exchange
Bitcoin (BTC) is on the cusp of regaining $21,000 as charges are filed against a little-known crypto exchange platform and rumors swirl around embattled crypto lender Genesis. In a new press release, ...
Will Bitcoin Price Fall If Genesis Files Bankruptcy?
After the DXY fell intra-day to a new 7-month low of 101.56 yesterday, the Bitcoin price briefly managed to tackle the key resistance zone above the $21,500 mark, reaching its highest level since Sept...
The SEC attacks the crypto lender Genesis
Crypto lender Genesis is in serious trouble with the SEC, the government agency could drive the long-troubled company into bankruptcy. After its various liquidity problems with creditors, Genesis is f...
Crypto Market Analysis: With the Genesis Preparing for Bankruptcy, This Could be the Possible Impact on Bitcoin Price!
No sooner than the crypto space was experiencing relief, yet another turbulence struck the markets. It was speculated for quite a long time that the ripple effects of the FTX fallout may carry for a l...
Genesis Global To File For Bankruptcy As Early As This Week
In light of the current shortage of liquid assets–Genesis Global–the crypto lending division of Digital Currency Group (DCG) has been engaged in private discussions with a variety of creditor parties....
Genesis Global Capital Is Reportedly Preparing For A Bankruptcy Filing
– Advertisement – Genesis Global Capital is reportedly preparing to file for bankruptcy. The DCG subsidiary has been in negotiations with several creditor groups. Genesis has been struggl...
Genesis bankruptcy filing expected soon
The cryptocurrency lending industry is facing yet another setback as Genesis Global Capital plans to file for bankruptcy in the coming days. According to Bloomberg News, sources familiar with the sit...
Crypto Lender Genesis Nears to File for Bankruptcy
3 hours ago | 2 mins read Editors News Crypto Lender Genesis is planning to file for bankruptcy The DCG officially confirmed that it had quit paying dividend payments. According to reports, Genesis ,...
Genesis reportedly preps for bankruptcy filing; ConsenSys plans layoffs
The biggest news in the cryptoverse for Jan. 18 saw rumors circulate suggesting that Genesis is preparing a prepackaged bankruptcy filing. Meanwhile, Ethereum development firm ConsenSys announced that...
Genesis Could File For Bankruptcy After Failing to Satisfy Creditors
Genesis Global Capital is reportedly laying the groundwork for a potential bankruptcy after several unsuccessful talks with creditors. The crypto lending arm of Genesis Trading could file for voluntar...
DCG Suspends Quarterly Dividends Amidst Genesis Crisis: Report
Barry Silbert’s crypto conglomerate, Digital Currency Group (DCG), revealed halting quarterly dividends until further notice. In an email to shareholders, as viewed by Bloomberg, the crypto investment...
Breaking: Genesis is reportedly planning to file for bankruptcy soon
Genesis has reportedly started to prepare for a bankruptcy filing, which could be done by the end of this week The crypto lender owes creditors over $3 billion Troubled crypto lending platform – Genes...
Genesis Bankruptcy Filing Imminent as Creditor Negotiations Stall: Reports
Crypto lender Genesis, a wholly owned subsidiary of Digital Currency Group (DCG), is on the verge of filing bankruptcy after negotiations between the troubled firm and creditors have failed to move fo...
Crypto Lender Genesis Global Capital Set to File for Bankruptcy
According to Bloomberg reports, Genesis Global Capital, a cryptocurrency lender, may take the drastic step of filing for bankruptcy. The move comes as no surprise, as the company has been in dire stra...
Genesis Could File for Bankruptcy This Week: Report
Genesis Global Capital is preparing to finally file for bankruptcy after FTX’s collapse blew a hole through the company’s financials, according to people familiar with the matter. The bankruptcy may ...
Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis – Bitcoin News
According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the...
Genesis creditors negotiating prepackaged bankruptcy: Sources
Genesis Global Capital creditors are negotiating a prepackaged bankruptcy plan with the firm, two sources familiar with the talks told The Block. Creditors like the Winklevoss twins’ Gemi...
SEC charges over Gemini, Genesis Earn program latest shot at crypto lending
The Securities and Exchange Commission’s recent charge against cryptocurrency exchange Gemini and crypto firm Genesis over a lending product is another warning shot to the industry on yield-bearing ac...
Gemini & Genesis Accused of Offering Unregistered Securities
The US Securities and Exchange Commission (SEC) today announced settled charges against Genesis Global Capital, LLC and Gemini Trust Company, LLC for selling unregistered securities linked to the Gemi...
SBF denies stealing FTX assets, SEC charges Gemini and Genesis, and more: Hodler’s Digest: Jan. 8-14
Top Stories This Week Sam Bankman-Fried: ‘I didn’t steal funds, and I certainly didn’t stash billions away.’ In a “pre-mortem overview” of FTX’s bankruptcy, Sam Bankman-Fried denied allegations of imp...
Gemini and Genesis’ legal troubles stand to shake up industry further
With investor confidence seemingly at an all-time low thanks to the recent slew of insolvencies, a new saga seems to be now unfolding in real time. This one involves crypto exchange Gemini’s Winklevos...
Genesis and Gemini Get Sued By The SEC- Find Out More
Join Our Telegram channel to stay up to date on breaking news coverage The U.S. Securities and Exchange Commission (SEC) has charged crypto firms Genesis and Gemini for allegedly selling unregistered...
DCG May Sell Assets to Help Genesis
According to the Financial Times, Digital Currency Group (DCG) might sell assets from its venture portfolio to raise funds to help one of its subsidiaries, Genesis, make up for a $3 Billion shortfall....
In Search of Cash, DCG Looks to $500M Venture Capital Portfolio: Report
Digital Currency Group (DCG) is reportedly looking to sell some of its venture capital holdings to raise capital after affiliate Genesis was among those who took a major hit during last year’s market ...
SEC Charges Genesis and Gemini for Offering and Selling Unregistered Securities
The SEC also revealed that Genesis and Gemini generated assets worth hundreds of dollars from hundreds of thousands of investors. On the 12th of January, the US Securities and Exchange Commission (SEC...
Crypto Lender Genesis Owes Creditors Over $3B: FT
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
SEC Charges Genesis and Gemini — Winklevoss Says Regulator’s Lawsuit Is ‘Super Lame’ – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG). “Through this unregistered ...