Genesis
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Cryptocurrency
Gemini Says Genesis Parent DCG Missed $630 Million Payment
Digital Currency Group (DCG) missed a $630 million payment owed to Genesis last week. Gemini CEO Cameron Winklevoss has threatened…
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Cryptocurrency
Gemini ‘supportive’ of Genesis mediation, but frustrated over pacing
Genesis is starting a 30-day meditation with its key creditors as its bankruptcy proceedings are close to hitting the four-month…
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Cryptocurrency
First Mover Americas: Bitcoin Busts Through $26K
Bitcoin, the world’s largest cryptocurrency, is back trading above $26,000 for the second time this week, up 7.5% in the…
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Cryptocurrency
Genesis Requests Timetable for Sale, Creditor Claims
The sale would comprise lenders Genesis Global Capital and Genesis Asia Pacific, as well as Genesis Global Trading, the last…
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Cryptocurrency
DCG losses top $1B on the back of 3AC collapse in 2022
Cryptocurrency venture capital conglomerate Digital Currency Group (DCG) has reported losses of over $1 billion in 2022 due largely to…
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Cryptocurrency
What creditors can expect from Genesis’ bankruptcy — and what others can learn
The holding company of troubled crypto lender Genesis Global Capital, Genesis Global Holdco LLC, filed for Chapter 11 bankruptcy protection…
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Cryptocurrency
Total crypto market cap rises above $1T — data suggests more upside is in store
Despite the recent negative crypto and macroeconomic newsflow, the total cryptocurrency market capitalization broke above $1 trillion on Jan. 21.…
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Cryptocurrency
Opinion: Barry Silbert keeps quiet as Genesis goes down in flames
Just two months after the collapse of FTX, Genesis is following suit. Against an increasingly disheartening backdrop of “Big Cryptos”…
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Cryptocurrency
Ethereum futures and options data reflect investors’ growing confidence in ETH price
The price of Ether (ETH) rallied 16% between Jan. 14 and Jan. 21, peaking at $1,680 before facing a 5.4%…
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Cryptocurrency
Bitcoin price surge: Breakthrough or bull trap? Pundits weigh in
While Bitcoin (BTC) has experienced a strong price pump to kick off the new year, many industry pundits are not…
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