Genesis Financial News

17.06 / 12:01

Gemini genesis Gemini Settles with New York Attorney General, Agrees to Pay $50 Million

Crypto exchange Gemini has reached a settlement with the New York Attorney General (NYAG) and agreed to pay $50 million worth of digital assets to investors of its Gemini Earn program.

09.12 / 08:35

cryptocurrency defi cryptocurrency news Bitcoin rate genesis Bitcoin Crypto lenders emerge from the ashes of last speculative bubble

Bitcoin past $100,000 for the first time is spilling over into the long-battered crypto lending sector, with decentralised finance applications leading the way this time. Bitcoin’s funding rate — the premium paid by traders to open long positions in the perpetual futures market — skyrocketed in November, and is up more than 10 times from what it was in early June, indicating a rising thirst for leverage, according to digital-asset data tracker CoinGlass. Bitcoin has more than doubled this year, topping $100,000 on Wednesday for the first time amid optimism crypto will move further into the mainstream during the upcoming Trump administration.

02.08 / 08:19

Ethereum Bankruptcy genesis Genesis Trading Genesis Trading Transfers 40,000 ETH to Two Addresses, Signals Asset Liquidations

Genesis Trading, currently navigating bankruptcy proceedings, has moved 40,000 ETH, $126.8 million, to two separate wallets, signaling possible bankruptcy liquidations.

13.07 / 13:54

Liquidity genesis Genesis Trading Bitcoin Wallet Linked to Genesis Transfers $720M of Bitcoin to Coinbase, Signaling Potential Liquidations

A cryptocurrency wallet associated with Genesis Trading has transferred approximately $720 million worth of Bitcoin to the Coinbase exchange over the past month, pointing to potential liquidations.

30.05 / 05:55

Provident Digital Nov genesis Bitcoin Courts Genesis Returns $2.2B in Crypto Assets to Lending Program Participants

Defunct crypto lender Genesis distributed $2.18b worth of crypto to 232,000 users enrolled in Gemini Earn, an interest-accruing lending program. The distribution followed a New York bankruptcy judge approving the Chapter 11 plan last week.

21.05 / 09:05

genesis Crypto lender Genesis New York Attorney General Secures $2B Settlement From Failed Crypto Lender Genesis for Victims

New York Attorney General announced it has secured $2 billion from the bankrupt cryptocurrency firm Genesis Global to help pay back defrauded victims.

20.05 / 05:11

Platform Nov Bankruptcy genesis Bitcoin reports Crypto lender Genesis Failed Crypto Lender Genesis to Disburse $3B to Creditors in Bankruptcy Case

Judge Sean Lane greenlit Genesis Global’s Chapter 11 plan on Friday, allowing the defunct crypto lender to repay creditors roughly $3b in crypto and cash.

06.04 / 16:51

markets SEC coinbase Gemini genesis Bitcoin Courts acquires Genesis Converts GBTC Shares into Bitcoin: Acquires 32,000 BTC in Major Move

Bankrupt crypto lending firm Genesis has converted approximately 36 million shares of Grayscale Bitcoin Trust (GBTC) into Bitcoin as part of preparations to settle its debts with creditors.

27.03 / 16:23

Gemini Bankruptcy genesis Barry Silbert Could Pocket $1 Billion in Personal Gains by Exploiting Bankruptcy System: Report

Barry Silbert, founder and CEO of crypto conglomerate Digital Currency Group (DCG), stands to potentially gain up to $1 billion through a sophisticated maneuver involving the bankruptcy system.

19.03 / 21:25

SEC genesis Genesis Agrees to Pay $21M Fine to Settle SEC Crypto Lending Charges

Bankrupt cryptocurrency lender Genesis Global Capital has agreed to pay a $21 million fine as part of a final court judgement to settle charges with the U.S. Securities and Exchange Commission (SEC).

14.03 / 09:41

Provident MET SEC security Gemini genesis Courts Federal Judge Allows SEC Lawsuit Against Gemini and Genesis to Proceed

A federal judge has ruled that the US Securities and Exchange Commission’s lawsuit against crypto firms Gemini and Genesis will proceed in court.

08.03 / 08:13

Gemini Winklevoss Twins genesis Genesis and Winklevoss’ Gemini Discussed Merger Plans Before Collapse, Court Filings Show

Digital Currency Group (DCG) founder and CEO Barry Silbert proposed a possible merger of Genesis and Gemini according to an email exchange back in 2022, recent court filings show.

06.03 / 19:43

genesis DCG Digital Currency Group Files Motion to Dismiss Lawsuit by NY Attorney General

Digital Currency Group (DCG), the parent company of the now-defunct cryptocurrency lending platform Genesis Global Capital, has taken action to dismiss the lawsuit filed against it by New York Attorney General Letitia James.

29.02 / 08:07

Gemini genesis NYDFS Gemini Announces $1.8 Billion Recovery Plan for Earn Users, Reaches In Principle Settlement with Genesis

Gemini has reached a settlement in principle with Genesis, detailing a plan to distribute $1.8 billion to Earn users, with the process starting within two months, pending court decision.

22.02 / 07:29

Digital Currency Group genesis DCG Objects Settlement Between NY Attorney and Failed Genesis

Crypto VC Digital Currency Group (DCG) has called the settlement between subsidiary Genesis and New York as a “subversive arrangement.”

15.02 / 05:45

UPS GBTC genesis Bitcoin Courts Court Frees Genesis to Sell GBTC Shares Worth $1.3B to Compensate Clients

Genesis Global obtained bankruptcy court approval on Wednesday to sell its Grayscale Bitcoin Trust (GBTC) shares.

09.02 / 09:47

Lawsuit genesis Crypto lender Genesis Bankrupt Crypto Lender Genesis Moves to Settle with NY Attorney General

Bankrupt lender Genesis on Thursday settled a lawsuit with New York Attorney General Letitia James over its now-defunct Earn program.

08.01 / 12:09

Digital CEO Platform Gemini Digital Currency Group genesis social Digital Currency Group has Settled Over $1 Billion in Debt, Including $700 Million Owed to Bankrupt Genesis

Digital Currency Group (DCG) has successfully settled over $1 billion in debt, including the substantial amount of nearly $700 million owed to its bankrupt subsidiary, Genesis.

29.11 / 05:07

Digital Action Strategy Gemini genesis DCG Genesis Reaches Settlement With Parent Company DCG in $620M Lawsuit

The beleaguered crypto lender Genesis and its parent company, Digital Currency Group (DCG), have reached a settlement that could end the protracted lawsuit aimed at recovering $620 million in repayments from DCG.

22.11 / 10:47

Digital Action Southern genesis Genesis Files Lawsuit Against Former Business Partner Gemini Trust, Seeking to Recover $689 Million

Crypto lender Genesis Global Capital has taken legal action against cryptocurrency exchange Gemini Trust in an attempt to reclaim over $689 million.

25.10 / 16:47

Hack Mining security Gambling AML Investment genesis Q3 end Today in Crypto: DCG Paid Off $575 Million in Debt Since End of 2022, $720 Million Stolen across 117 Breaches in Q3

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