Genesis


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Bitcoin Falls From Multi-Month High, Crypto-Related Stocks Pull Back

Earlier Wednesday, bitcoin (BTC) reached its highest point before the FTX collapse. Brad Keoun, CoinDesk Managing Editor of Tech and Protocols, discusses the latest price movement for the largest cryptocurrency by market capitalization, as Bloomberg reports Genesis is in confidential negotiations with various creditor groups, with the company warning it could seek bankruptcy protection if it fails to raise capital. Keoun also weighs in on Grayscale Bitcoin Trust discount narrowing. DCG is the parent company of Grayscale, CoinDesk, and Genesis.

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Bitcoin on Pace for Best Weekly Performance Since March

Bitcoin (BTC) is trading near $19,500 as the early 2023 rally pumped the price to a two-month high. CoinDesk's Managing Editor of Markets Brad Keoun discusses bitcoin's recent price actions, macro influence on the markets and short-term outlook for bitcoin. CoinDesk and Genesis are sister companies owned by Digital Currency Group (DCG).

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SEC Cracks Down on Crypto Firms Gemini and Genesis

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against crypto exchange Gemini and crypto lender Genesis Global Capital for allegedly selling unregistered securities. Ashley Ebersole, 0x Labs General Counsel and former U.S. Securities and Exchange Commission attorney, shares his reaction to the timing of the lawsuit and the agency's approach to crypto regulation. CoinDesk and Genesis are both owned by Digital Currency Group (DCG).

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Crypto Firms Gemini, Genesis Are in the SEC's Crosshairs

The U.S. Securities and Exchange Commission (SEC) alleged that crypto exchange Gemini and crypto lender Genesis Global Capital sold unregistered securities in a lawsuit. CoinDesk and Genesis are both owned by Digital Currency Group. "The Hash" panel discusses the timing of the charges and the SEC's approach to crypto regulation.

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SEC Charges Gemini, Genesis For Allegedly Selling Unregistered Securities

The U.S. Securities and Exchange Commission (SEC) alleged that crypto exchange Gemini and crypto lender Genesis Global Capital sold unregistered securities in a lawsuit filed late Thursday. CoinDesk and Genesis are both owned by parent company Digital Currency Group. Moses Singer Partner and former SEC Senior Trial Counsel Howard Fischer joins "First Mover" to discuss the timing and details of the lawsuit, citing SEC's regulatory bandwidth. Plus, his response to Gemini co-founder Tyler Winklevoss' tweet that refers to the lawsuit as "counterproductive."

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Crypto.com to Cut 20% of Workforce Amid Crypto Winter

Crypto.com said it is cutting its workforce by around 20% as the crypto industry continues to reel from the effects of the ongoing crypto winter. "First Mover" hosts discuss the series of job cut announcements from companies, including Genesis, Coinbase, Blockchain.com and ConsenSys.

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Genesis Reportedly Owes Creditors Over $3B; Blockchain.com Lays Off 28% of Workforce

Troubled crypto lender Genesis owes its creditors over $3 billion prompting its parent company, Digital Currency Group, to look at asset sales to pay off the debt, according to the Financial Times. DCG is the parent company of CoinDesk. Plus, cryptocurrency brokerage Blockchain.com said it's letting go of 28% of its workforce as crypto's cruel winter continues.

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DCG, Gemini Tensions Escalate as Winklevoss Calls for Removal of Barry Silbert

The Winklevoss twins' crypto exchange Gemini escalated its dispute with Digital Currency Group's (DCG) Genesis Global Trading – its partner on a crypto lending product pitched to smaller investors – by terminating a key aspect of their relationship. Lumida CEO and co-founder Ram Ahluwalia weighs in on the latest tensions escalating between DCG and Gemini. DCG is the parent company of Genesis and CoinDesk.

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DCG's Barry Silbert Discusses Genesis in Letter to Shareholders

Barry Silbert, the head of crypto conglomerate Digital Currency Group (DCG), gave his shareholders more details about his company's Genesis Capital lending division that was forced to halt customer withdrawals in the aftermath of FTX's November collapse. CoinDesk and Genesis are both owned by parent company DCG. Hodder Law Firm Managing Partner Sasha Hodder weighs in on the latest developments.

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DCG Responds to Cameron Winklevoss Calling for Barry Silbert’s Removal

Digital Currency Group is responding to the open letter Gemini co-founder Cameron Winklevoss issued, stating in part on Twitter that this "is another desperate and unconstructive publicity stunt." Winklevoss asked the DCG board to remove Silbert, citing DCG's inability to find a fair resolution with creditors of DCG's Genesis unit. DCG is the parent company of CoinDesk.

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