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Genesis Files for Over $600M in Unpaid DCG Loans: Court Docs

Genesis Global Capital filed a suit against Digital Currency Group (DCG) and Digital Currency Group International (DCGI), seeking the repayment of multiple loans with a principal amount of over $600 million. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the filings and what the suit means for the crypto lender's ongoing bankruptcy case.

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Vídeos

Ric Edelman Predicts Bitcoin Could Reach $150K by Summer of 2025 Amid Start of 'Sea Change' for Crypto

Digital Assets Council of Financial Professionals founder Ric Edelman shares his price prediction for bitcoin (BTC) as JPMorgan analysts predict the SEC is likely to be forced to approve the spot bitcoin ETF applications from several asset managers, after a federal court ruled that the regulator must review its rejection of Grayscale’s attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF. Grayscale and CoinDesk are both owned by DCG.

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Vídeos

Grayscale Scores Legal Victory Against SEC; India Moves on Blockchain

Host Angie Lau takes a deep dive into Grayscale Investments' legal victory against the U.S. Securities and Exchange Commission (SEC) and what this means for other pending bitcoin ETF applications. Grayscale and CoinDesk are both owned by Digital Currency Group (DCG). Plus, the state of blockchain developments in India. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."

Forkast IQ

Vídeos

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.

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Vídeos

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.

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Regulación

DCG досягає важливої ​​принципової угоди з кредиторами Genesis, відшкодування може досягати 90%

План може призвести до відшкодування від 70% до 90% в еквіваленті доларів США для незабезпечених кредиторів і від 65% до 90% відшкодування в натуральній формі.

Barry Silbert. CEO & Founder Digital Currency Group (DCG)

Vídeos

Bitcoin Price Briefly Drops Below $26K as Crypto Traders Suffer $1B in Liquidations

Bitcoin (BTC) is trading near $26,000, as the largest cryptocurrency by market cap is on track for its worst weekly decline since the collapse of FTX. "The Hash" panel discusses the state of crypto amid bitcoin's latest sell-off along with current sentiment across the industry. Plus, insights on the absence of a court decision between the SEC and Grayscale. CoinDesk and Grayscale are both owned by Digital Currency Group (DCG).

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Finanzas

Кемерон Вінклвосс до DCG на тлі їхньої боротьби за кредитування Крипто : «Удача» переконала журі

Його Крипто Gemini та конгломерат Digital Currency Group борються — у суді та поза судом — через збій служби кредитування Gemini Earn.

Gemini's Cameron Winklevoss continues his war of words with DCG. (Getty Images)

Finanzas

Файли Digital Currency Group, щоб відхилити заяви Крипто Exchange Gemini про шахрайство

DCG назвав липневу скаргу Gemini продовженням «піар-кампанії», проведеної власниками біржі Кемероном і Тайлером Вінклвоссами.

Digital Currency Group's Barry Silbert, right (Getty Images)

Finanzas

Digital Currency Group призначає Марка Шифке фінансовим директором

Шифке заповнює прогалину, що залишилася після того, як Майкл Крайнс залишив посаду фінансового директора в квітні.

DCG CFO Mark Shifke (DCG)