City Global Financial News

11.01 / 15:15

FTX Fried Sam Did Sam Bankman-Fried in Effect Pay VC Firms Like Paradigm to Invest in FTX in a Circular Funding Arrangement?

New revelations indicate that there were some close links between Sam Bankman-Fried, the disgraced founder of collapsed cryptocurrency exchange FTX, and some of his major backers.

11.01 / 15:11

regulation Grayscale FTX Bitcoin letter DCG chief Barry Silbert pens letter to shareholders, community reacts

The crypto community woke up to another drama-filled day after the Digital Currency Group (DCG) chief's reflection went wrong. DCG chief Barry Silbert penned a letter to the shareholders on Jan. 10, reflecting on the state of the crypto market and the growing FUD around the company. DCG is the parent company of Genesis Global Capital, a crypto lending firm and Grayscale, the world’s leading crypto asset manager.

10.01 / 19:57

Altcoin Federal Reserve Genesis Trading Bitcoin AI altcoins are pumping — Is this the beginning of the next bull market? The Market Report

This week on The Market Report, the resident experts at Cointelegraph discuss what artificial intelligence (AI) altcoins are, what their potential benefits are, how they work, and whether they can be a catalyst for a 2023 bull market.

10.01 / 17:35

business Gemini Cameron Winklevoss: 'There is no path forward as long as Barry Silbert remains CEO of DCG'

Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, has penned an open letter to the board of Digital Currency Group, or DCG, saying CEO Barry Silbert was “unfit” to run the company.

08.01 / 20:07

business Department Of Justice Gemini investigation Digital Currency Group under investigation by U.S. authorities: Report

Crypto conglomerate Digital Currency Group, or DCG, are under investigation by the United States Department of Justice's Eastern District of New York (EDNY) and the Securities and Exchange Commission (SEC), according to a Bloomberg report.

06.01 / 04:27

Technology cryptocurrency Rocky Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuit

The crypto industry's woes continued on Thursday as plunging deposits, layoffs and a lawsuit added to the tumult of 2022, which was dominated by sinking prices and high-profile bankruptcies.

05.01 / 15:05

FTX Digital Currency Group Time Crypto Brokerage Genesis Global Trading Asks for More Time to Resolve Lending Issues – What is Going On?

Derar Islim, the interim CEO of crypto brokerage Genesis Global Trading, has told clients that they need more time to resolve the financial crisis plaguing its lending business.

29.12 / 15:33

Winklevoss Twins Crypto Billionaires Winklevoss Twins Accused of Fraud and Securities Law Violations by Investors

Crypto billionaires and founders of the Gemini cryptocurrency exchange, Tyler and Cameron Winklevoss, are being sued by investors over their interest-earning program Gemini Earn.

28.12 / 16:55

regulation Court Bitcoin Crypto investors sue Winklevoss twins over interest accounts on Gemini

Tyler and Cameron Winklevoss, founders of Gemini cryptocurrency exchange, are reportedly facing a new lawsuit from investors over interest-earning program Gemini Earn.

08.12 / 08:33

markets business regulation Funding Genesis Trading Crypto lender Genesis Crypto lender Genesis has no solution yet for withdrawal halts

Crypto lending platform Genesis has informed its customers that its withdrawal freeze is likely to last “additional weeks” amid efforts to stave off a potential bankruptcy filing.

04.12 / 13:59

Gemini Winklevoss Twins Digital Currency Group Crypto lender Genesis Gemini Exchange Seeks to Retrieve $900 Million from Crypto Lender Genesis

Cryptocurrency exchange Gemini is trying to recover the $900 million it had paid in loan to crypto broker Genesis and its parent company Digital Currency Group (DCG).

30.11 / 15:17

business Bitcoin regulatory Gemini gets regulatory greenlight in Italy, Greece amid lending halt

Winklevoss brothers’ cryptocurrency exchange Gemini continues expanding in Europe, announcing new regulatory approvals in Italy and Greece.

29.11 / 02:21

markets Binance Bitcoin Bitcoin Price Bitcoin’s bottom might be below $15.5K, but data shows some traders turning bullish

Bitcoin (BTC) bears have been in control since Nov. 11, subduing BTC price below $17,000 on every 12-hour candle. On Nov. 28, a drop to $16,000 shattered bulls' hope that the 7% gains between Nov. 21 and Nov. 24 were enough to mark a cycle low at $15,500.

27.11 / 09:33

BTC/USD ETH/USD Bitcoin Price Prediction Ethereum Price Prediction Bitcoin Price and Ethereum Trade Sideways, Huobi Token Storms 58%

The leading cryptocurrency, Bitcoin, failed to break above the $16,800 level on November 27 and began to fall toward the 38.2% Fibonacci retracement level.

26.11 / 00:19

business defi SEC Bankruptcy American regulators to investigate Genesis and other crypto firms

Cryptocurrency lending firm Genesis Global Capital and other crypto firms are under investigation by securities regulators in the United States, according to reports on Nov. 25.

23.11 / 23:21

Digital Digital Currency Group genesis Genesis Has $2.8 Billion in Outstanding Loans, Parent Company DCG Was Lent Substantial Amounts - Here’s What You Need to Know

Troubled crypto trading and lending firm Genesis Global has lent out some $2.8bn to various crypto firms, including large loans to its parent company, Barry Silbert’s Digital Currency Group (DCG).

23.11 / 06:21

business Grayscale Digital Currency Group Bankruptcy Genesis calls in restructuring expert in its fight to avoid bankruptcy

Cryptocurrency lending firm Genesis Global Capital has reportedly hired a restructuring adviser to explore all possible options that include, but aren’t limited to, a potential bankruptcy.

23.11 / 00:53

BTC/USD Bitcoin Price Prediction D2T Bitcoin Bitcoin Price Prediction as Crypto Prices Crash, Here’s Where BTC is Headed Next

During the European session, Bitcoin finally made some upside movement, having bounced off the double-bottom support level of $15,650. Genesis Global Capital, one of the largest cryptocurrency lenders, halted customer withdrawals due to a liquidity issue caused by an increase in withdrawal requests following the FTX collapse.

18.11 / 04:21

BTC/USD D2T Genesis Trading Bitcoin Bitcoin Price Prediction as Crypto Prices Stabilize, Is $20,000 BTC on the Cards?

Following the release of UK inflation figures, the price of Bitcoin remains below $17,000. which was higher than expected Most altcoins in the market have followed suit, as traders remain cautious.

17.11 / 17:33

Tether USDT community Genesis Trading crypto experts Tether Says It Had No Exposure to Genesis Global and Gemini Earn, Crypto Experts Are Doubtful

Tether, the issuer of the major stablecoin USDT, denied having exposure to either Genesis Global Capital or Gemini Earn. Some, however, wonder how it is possible for such a large company not to be affected by any of the massive events that shook the crypto space this year.

17.11 / 14:05

Binance Digital Crypto Exchange services GoPax South Korean Crypto Exchange Gopax Services Hit by Genesis Disruption

Crypto chaos is finally taking its toll on South Korean exchanges – with the crypto investment bank Genesis’ decision to pause redemptions and new loan offerings earlier this week disrupting services on the Gopax trading platform.

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