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Genesis global capital
Genesis’ Crypto Lending Businesses File for Bankruptcy Protection
Genesis Global Holdco LLC, the holding company of troubled cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection in New York after being pummeled by two of 2022's biggest industry collapses. CoinDesk News Desk Managing Editor Danny Nelson discusses what we know so far. DCG is the parent company of CoinDesk and Genesis.
Legal Expert on Genesis' Crypto Lending Unit Filing For Bankruptcy
Wilk Auslander LLP Partner Eric Snyder discusses the legal and industry implications of Genesis Global Holdco LLC, the holding company of crypto lender Genesis Global Capital, filing for Chapter 11 bankruptcy protection. He also weighs in on Gemini CEO Cameron Winklevoss threatening to sue DCG CEO Barry Silbert over the repayment of a $900 million loan. DCG is the parent company of CoinDesk and Genesis.
Crypto Lender Genesis Is FTX's Largest Unsecured Creditor With $226M in Claims
Genesis Global Capital leads the revised list that un-redacted the names of several creditors.
New FTX CEO Trying to 'Clear the Wreckage' After Crypto Exchange Collapse: Lumida CEO
New FTX CEO John J. Ray III is exploring the possibility of restarting the bankrupt crypto exchange, according to an interview with the Wall Street Journal. Lumida CEO and co-founder Ram Ahluwalia discusses the possibilities of FTX's comeback and Genesis Global Capital's reported bankruptcy concerns. Plus, why he thinks a key idea about securities law "is being lost" in the Gemini and Genesis debate. DCG owns Genesis and CoinDesk.
Bitcoin Slips Below $21K After Surging to Four-Month High
Just hours after surging to a four-month high, bitcoin (BTC) is back below the $21,000 threshold. This comes as Genesis Global Capital is laying the groundwork for a bankruptcy filing, according to multiple reports. "All About Bitcoin" host Lawrence Lewitinn breaks down the Chart of the Day. DCG is the parent company of CoinDesk and Genesis.
Genesis Global Capital May Be Nearing Bankruptcy Filing: Reports
Quantfury CEO Ali Pourdad discusses the potential factors driving bitcoin (BTC)'s price below $21,000 and the impact of Genesis Global Capital laying the groundwork for a bankruptcy filing, according to published reports. DCG is the parent company of CoinDesk and Genesis.
SEC Trying To 'Stake Out Its Ground' as the Regulator of Crypto: Legal Expert
The U.S. Securities and Exchange Commission (SEC) alleges that crypto exchange Gemini and crypto lender Genesis Global Capital sold unregistered securities in a lawsuit filed late Thursday, citing Gemini's Earn program. CoinDesk and Genesis are both owned by parent company Digital Currency Group. Former SEC Senior Trial Counsel Howard Fischer weighs in.
Crypto Industry Outlook as BlockFi Files For Bankruptcy
Bernstein Managing Director of Global Digital Assets Gautam Chhugani discusses his outlook for the crypto sector as BlockFi files for bankruptcy in the wake of FTX's collapse. Plus, the Grayscale Bitcoin Trust (GBTC) is drawing market attention after sister company Genesis Global Capital said its lending unit would halt customer withdrawals. Grayscale Investments, which manages GBTC, Genesis and CoinDesk are owned by Digital Currency Group.
Kraken Incoming CEO on FTX Fallout
CoinDesk's sister company Genesis Global Capital has reportedly hired an investment bank to explore options, including a potential bankruptcy. Kraken incoming CEO Dave Ripley discusses the potential contagion concerns and the wider impact of the collapse of crypto exchange FTX. Plus, how Kraken differentiates itself from competitors as the centralized exchange model comes under scrutiny.
Bitcoin Falls Below $16K; Coinbase Hits Lowest Price Since Going Public
Shares of Coinbase (COIN) hit their lowest price since the the U.S.-based cryptocurrency exchange went public in April 2021. The Grayscale Bitcoin Trust (GBTC) is drawing market attention after sister company Genesis Global Capital said its lending unit would halt customer withdrawals in the wake of the collapse of Sam Bankman-Fried’s FTX crypto empire, Bernstein said in a research report Monday.