City Global Financial News

06.09 / 21:27

business Digital Currency Group Bankruptcy Genesis sues parent company DCG, other affiliate for $600M in overdue loans

Bankrupt cryptocurrency lender Genesis Global Capital (GGC) filed two suits on Sept. 6 seeking the repayment of overdue loans from affiliated companies. The loans are worth over $600 million in total.

05.09 / 21:47

business Digital Currency Group Bankruptcy spot trading US-based Genesis Global Trading will eliminate its crypto spot trading service

Genesis Global Trading (GGT) will close down its cryptocurrency spot trading service on Sept. 18, according to press reports. GGT is affiliated with the Digital Currency Group (DCG), but it was not affected when the parent company’s crypto lender, Genesis Global Capital, declared bankruptcy in January.

01.09 / 20:21

Gemini genesis creditors Crypto lender Genesis Creditors Accuse Crypto Lender Genesis of Vote Buying as Bankruptcy Proceedings Continue

Creditors of crypto lender Genesis and its parent company the Digital Currency Group (DCG) have opposed a proposed settlement deal leveling accusations of voter manipulation.

31.08 / 21:21

UPS CEO Landmark country voice Owners of Scranton Times-Tribune, 3 other Pennsylvania dailies sell to publishing giant

A Pennsylvania media conglomerate has sold its four daily newspapers, including The Times-Tribune of Scranton, to publishing powerhouse MediaNews Group, ending nearly 130 years of local ownership

30.08 / 14:05

Law regulation Court Digital Currency Group Bankruptcy Bitcoin Genesis lenders call DCG agreement ‘wholly insufficient’

The lenders of the bankrupt cryptocurrency lender Genesis are not satisfied with the latest in-principle settlement agreement with other parties including the Digital Currency Group (DCG).

17.08 / 16:55

UPS Digital Bitcoin FTX-tied Alameda gets $175 million claim on Genesis bankruptcy estate

cryptocurrency trading firm Alameda Research was granted a $175 million unsecured claim on the estate of bankrupt crypto lender Genesis Global Capital, according to a court filing dated Wednesday. The settlement marks a significant reduction from the nearly $3.9 billion claim that FTX, which is also bankrupt, had asserted earlier this year.

11.08 / 17:27

Gemini FTX genesis DCG DCG and Barry Silbert Seek Dismissal of Lawsuit by Gemini Trust Company Over Alleged Misrepresentations

Digital Currency Group (DCG) has filed a motion to dismiss Gemini's lawsuit, claiming fraud by the company and its founder, Barry Silbert, through DCG's subsidiary, Genesis, which held funds for Gemini's Earn program.

08.08 / 14:27

FTX Sino Global Capital Takes Legal Action, Files $67.3 Million Claim Against FTX Trading Ltd

Sino Global Capital, led by Matthew Graham, has taken legal action against now-defunct crypto exchange FTX, filing a claim worth $67.3 million on behalf of its Liquid Value fund.

05.08 / 17:57

business Digital Currency Group Bankruptcy New York AG probes transactions at Genesis, ties with Barry Silbert: Report

Digital Currency Group (DCG) is now under scrutiny for its financial transactions involving its subsidiary, Genesis Global Capital. The investigation is reportedly being conducted by New York Attorney General Letitia James, Bloomberg reported, citing sources familiar with the matter.

03.08 / 08:59

Citi Career LinkedIn Morningstar show PAC PAC Capital owner lasted three months at JP Morgan Manila

Sydney fund manager Clayton Larcombe worked for US investment bank JP Morgan for three months, in the Philippines, not the two years claimed on his now-defunct LinkedIn profile.

29.07 / 10:09

UPS BTC Lowe's Digital Bitcoin show Weekend Bitcoin Price Prediction as Weekend Trading Volume Falls to $10 Billion – Is a Big Move on the Way?

Bitcoin is currently trading at $29,436, experiencing a slight increase of nearly 0.50% on Saturday.

20.07 / 12:29

FTX SBF Former FTX COO Constance Wang Joins Sino Global Crypto Fund

Zhe Constance Wang, a former associate of the embattled FTX CEO Sam Bankman-Fried has joined Sino Global Capital, a digital asset fund as its head of gaming.

11.07 / 09:37

UPS Citi Southern Orange Patrick Mercury Los Angeles Times owners sell San Diego Union-Tribune to publishing powerhouse

The owner of the Los Angeles Times has sold the San Diego Union-Tribune to MediaNews Group

22.06 / 10:51

Career Galaxy Digital Billionaire Mike Novogratz's Galaxy Digital Welcomes Former Genesis Exec as Sales Head

Leon Marshall, a former executive at crypto lending firm Genesis, has joined Mike Novogratz's Galaxy Digital as global head of sales.

16.06 / 03:59

Winklevoss Twins genesis Genesis and Gemini File for Dismissal of SEC's Earn Program Lawsuit – Here's the Latest

Gemini, a cryptocurrency exchange, and Genesis Global Capital, a bankrupt cryptocurrency lender, have filed a petition to dismiss the SEC action linked to their joint venture product, Gemini Earn.

07.06 / 09:49

business Binance regulation SEC security Deal sec lawsuit GoPax SEC lawsuit against Binance stalls Gopax acquisition deal in South Korea

The United States Securities and Exchange Commission’s (SEC) lawsuit against Binance could damage the crypto exchange’s business opportunities in South Korea.

02.06 / 22:47

business Binance Tether NVIDIA FTX Marketplace Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips

Just over six months after FTX’s dramatic collapse, the crypto industry can finally begin analyzing the effects of the debacle. The quick ripple effect to other crypto businesses drained liquidity from the industry and prolonged the crypto winter, with Silvergate Bank, BlockFi and Genesis Global Capital among those hit by the exchange’s collapse.

27.05 / 08:07

business regulation SEC Gemini files to dismiss SEC’s lawsuit over its earn product

Gemini Trust Co., a cryptocurrency exchange, and bankrupt lender Genesis Global Capital have jointly filed for the dismissal of a lawsuit brought by the Securities and Exchange Commission (SEC). The lawsuit claims that their Earn product violated securities regulations by offering unregistered securities.

11.04 / 12:23

Waves Binance SEC CEO Action Gemini Parke Gemini receives $100 million from Winklevoss twins: Bloomberg report

According to a 10 April Bloomberg report, Gemini co-founders Tyler and Cameron Winklevoss have made a personal loan worth $100 million to the cryptocurrency exchange. The news comes as attempts to raise funds from outside investors for the United States-based exchange failed.

10.04 / 21:31

UPS SEC Platform Action Gemini Parke Winklevoss twins infuse Gemini with $100M personal loan: Report

Tyler and Cameron Winklevoss, co-founders of the United States-based cryptocurrency exchange Gemini, have reportedly dipped into their own pockets to fund the business amid the crypto market downturn.

27.02 / 21:39

markets business Blockchain Technology Investments Venture Capital Blockchain Founders Fund raises $75M to encourage Web3 mass adoption

Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain technology, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and others, such as Sebastien Borget, chief operating officer of The Sandbox.

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