Bitcoin News
Genesis proposes US$1.6 bln asset sale amid bankruptcy
Genesis, in bankruptcy, seeks court approval to sell Bitcoin and Ether trust assets worth US$1.6 billion.
SlamX
Lens
Genesis
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Regulation
Gemini, Genesis, DCG sued by New York Attorney General
The lawsuit alleges that the companies defrauded over 230,000 investors.
Zoltan Vardai
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Bitcoin News
Digital Currency Group plans restructuring to pay creditors of bankrupt Genesis unit
Digital Currency Group (DCG), the parent firm of failed crypto broker Genesis Global Capital, plans to transfer equity in another unit, Genesis Global Trading, to Genesis Global Holdco and eventually sell both companies to raise capital to pay back creditors.
Lachlan Keller
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Altcoins
DCG to sell Grayscale holdings at a discount to pay creditors: report
Digital Currency Group has started to sell shares of its cryptocurrency funds at a significant discount, according to a Tuesday report from the Financial Times.
Dylan Butts
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Bitcoin News
Gemini agrees to put US$100 mln to Earn asset recovery efforts
Gemini has agreed to put up US$100 million to the asset recovery of Earn users as part of bankrupt crypto lender Genesis Capital’s in-principle agreement with parent firm DCG and other creditors.
Zoltan Vardai
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Bitcoin News
Will Genesis meet its maker amid creditors closing in?
Top blockchain and crypto news: Genesis bankruptcy begins. FTX chief ponders a reboot. China’s CBDC gets a smart-contract upgrade.
Forkast.News
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Regulation
Bankrupt crypto lender Genesis ‘optimistic’ about resolving creditor dispute: Reuters
Genesis Global Capital's lawyers are confident about resolving their disputes with creditors this week, with the goal of emerging from Chapter 11 in May.
Dylan Butts
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Altcoins
Genesis’s trading arm moving funds on blockchain, bankrupt units reveal extent of liabilities
According to on-chain data, the trading arm of bankrupt crypto lending firm Genesis is still moving funds around on the blockchain.
Lachlan Keller
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Altcoins
Digital Currency Group’s crypto brokerage Genesis Global Capital files for bankruptcy
Crypto brokerage firm Genesis Global Capital filed for Chapter 11 bankruptcy on Thursday in the Southern District of New York.
Danny Park
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Regulation
DCG’s crypto lender Genesis may file for bankruptcy, according to Bloomberg report
Crypto brokerage firm Genesis Global Capital is preparing to file for bankruptcy as early as this week, Bloomberg reported.
Danny Park
