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Genesis
Beleaguered Gemini Earn Customers Will Be Made ‘Nearly Whole,’ DCG and Genesis Say About Remuneration Plan
A filing on Wednesday states that if the assorted creditor groups vote through the proposed deal, then “Gemini Earn users are estimated to recover approximately 95-110% of their claims.”
Genesis to Shutter Crypto Trading Desk for U.S. Market
The subsidiary had escaped parent company Genesis Global's lending-induced bankruptcy.
SEC Delays Spot Bitcoin ETF Decision; Creditors Accuse Genesis of Ballot-Stuffing Over FTX Deal
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories in crypto, as the markets react to the August jobs report and the SEC's move to delay the decision on spot bitcoin ETF applications. A stablecoin backed by one of the most volatile currencies rapidly grows. Creditors of Genesis Global Capital are making accusations of vote-buying to “manipulate” a proposed deal with the defunct exchange FTX. Genesis and CoinDesk share the same parent company, DCG.
Creditors Accuse Genesis of Ballot-Stuffing Over $175M FTX Deal
Genesis is facing headwinds as it seeks to finalize its wind-up after a January bankruptcy – and is now being accused by Gemini and other creditors of voter “manipulation.”
Gemini Opposes Genesis Bankruptcy Plan: 'Woefully Light on Specifics'
Gemini joins two other creditor groups in objecting to Genesis' proposed agreement to resolve its bankruptcy.
Robinhood’s Crypto Wallet Adds Bitcoin and Dogecoin; Genesis Lender Group Opposes DCG Deal
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories in crypto today, as Bloomberg analysts boost their bitcoin ETF approval odds after a court ruled the SEC must review Grayscale's bitcoin ETF. Robinhood is expanding its offerings for crypto wallet users. Seba has won approval-in-principle from Hong Kong's Securities and Futures Commission. Why creditors don't like a tentative deal between Genesis and DCG. DCG is the parent company of CoinDesk.
Genesis Lender Group Opposes ‘Wholly Insufficient’ DCG Deal
Creditors with $2.4 billion in claims against the bankrupt crypto lender could scupper an agreement made after months of wrangling.
DCG Reaches In-Principle Deal With Genesis Creditors
Court filings reveal that Digital Currency Group (DCG) has reached an in-principle deal with Genesis creditors to resolve the claims brought up in the crypto lender's bankruptcy. The plan could result in recoveries of 70% to 90% in USD equivalent for unsecured creditors and 65% to 90% recovery on an in-kind basis. "First Mover" hosts Jennifer Sanasie and Amitoj Singh weigh in. DCG is the parent company of Genesis Global and CoinDesk.
DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%
The plan could result in recoveries of 70% to 90% in USD equivalent for unsecured creditors and 65% to 90% recovery on an in-kind basis.
Powell Says Fed Is 'Prepared to Raise Rates'; Mastercard, Binance Back Away From Crypto Card Partnership
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as Federal Reserve Chair Jerome Powell addresses the current state of inflation at the Kansas City Fed’s Jackson Hole Economic Policy Symposium. Mastercard and Binance are ending their crypto card partnership. Plus, customer data of bankrupt crypto exchange FTX, Genesis and lender BlockFi have been compromised due to a hack.