26 results for 'genesis'

Genesis, a bankrupt cryptocurrency lending firm, has reportedly sold 36 million shares of the Grayscale Bitcoin Trust (GBTC).

A New York bankruptcy judge has granted Genesis Global Holdco permission to liquidate roughly $1.3 billion worth of Grayscale Bitcoin Trust (GBTC) shares to compensate investors.

Dymension, a layer-1 blockchain built on Cosmos, has announced a "genesis rolldrop" of its DYM token to more than a million crypto users across various chains and projects.

Gemini, a cryptocurrency exchange based in New York, has filed a lawsuit against digital asset lender Genesis over the ownership of $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares.

Celestia has announced plans to allocate 6% of its native TIA tokens, roughly 60 million, to ecosystem users and developers in an airdrop marking the project's genesis.

Genesis, a subsidiary of Digital Currency Group (DCG), has chosen to stop trading cryptocurrency spot and futures through its British Virgin Islands branch.

According to a document filed with the US bankruptcy court in the Southern District of New York, Digital Currency Group and Genesis Global's creditors have reached an in-principle agreement.

In part two of this series, we explore Craig Wright's ATO investigations, outing as Satoshi by Wired and Gizmodo, and how the crypto world reacted.

Crypto lender Genesis Global Capital and crypto exchange Gemini have filed a motion to dismiss a lawsuit by the U.S. Securities and Exchange Commission (SEC)

Digital Currency Group (DCG) faced a setback when it failed to make a $630 million payment owed to Genesis last week.

If Genesis Global Capital and Genesis Global Trading cannot be sold for a high enough price, the creditors could find themselves in possession of stock in the two firms.

The 340,000 Gemini Earn clients with funds frozen on the bankrupt Genesis platform will share another $100 million from the exchange.

The action claims that Genesis' crypto earn products were actually unregistered securities, a position shared by the U.S. Securities and Exchange Commission.

Looking at today's price action, it seems like Genesis's bankruptcy was priced in.

As contagion spread through the industry, Genesis was left in dire financial straits and had to suspend withdrawals last November.

Also today, BItcoin's winning streak is over — but altcoins are nursing bigger losses.

Not only was Genesis badly burned by the demise of Three Arrows Capital, but it has now been frozen out of $175 million after FTX collapsed too.

The Securities and Exchange Commission filed a lawsuit claiming the Gemini Earn Program was an unregistered securities sale days after Gemini accused Genesis of fraud.