Bankrupt crypto lending firm Genesis reportedly offloaded about 36 million shares of Grayscale Bitcoin Trust (GBTC) to acquire additional Bitcoin (BTC) as part of its preparations to settle its debts with creditors.... Read more »
Feb 16, 10:21 pm Decrypt Is Bitcoin’s Price Resilient Enough To Power Through Genesis Plan to Sell $1.6 Billion in GBTC Shares? The price of Bitcoin has surged to new highs, reminiscent... Read more »
Source: Vit-Mar / Shutterstock.com The recent crypto rally could be coming to an end. This past week, prominent coins like Bitcoin (BTC-USD), Ethereum (ETH-USD) and Solana (SOL-USD) have been rising steadily. Unfortunately... Read more »
Lawyers representing Gemini Trust have pushed back against a plan proposed by Digital Currency Group (DCG) for creditors of Genesis Global. In a Sept. 15 filing in the United States Bankruptcy Court... Read more »
Genesis Global Capital’s legal professionals are assured about resolving their disputes with collectors this week, with the acknowledged aim of rising from Chapter 11 by the tip of May, in response to... Read more »
Please notice that our privateness coverage, phrases of use, cookies, and don’t promote my private info has been up to date. The chief in information and data on cryptocurrency, digital property and... Read more »
Crypto lender Genesis has filed for chapter, marking the latest in a string of business failures within the wake of a crash in digital asset costs over the previous yr. Genesis, the... Read more »
/cloudfront-us-east-2.images.arcpublishing.com/reuters/V3R3PP5FUFPMJBE32XP6XVI76I.jpg "Crypto lender Genesis preparing to file for bankruptcy – Bloomberg News")
Jan 18 (Reuters) – Cryptocurrency lender Genesis Global Capital is planning to file for bankruptcy as quickly as this week, Bloomberg News reported on Wednesday, citing folks with data of the scenario.... Read more »
Genesis Global Capital, the institutional crypto brokerage whose lending unit halted buyer withdrawals within the aftermath of FTX’s failure, is laying the groundwork for a bankruptcy filing, in response to experiences. This... Read more »
The Securities and Exchange Commission on Thursday charged crypto companies Genesis and Gemini with allegedly selling unregistered securities in connection with a high-yield product provided to depositors. Gemini, a crypto trade, and... Read more »