Genesis Global Capital announced a successful sale of its Grayscale Bitcoin Trust (GBTC) shares. The defunct crypto lending firm used the funds to purchase 32,041 Bitcoins. The corporation is making this move to appease its creditors and customers. A total of over 36 million GBTC shares were sold out. The
Genesis Global Capital has opted to settle with the U.S SEC and agreed to pay $21 million to resolve the accusations over the Gemini Earn program. This is a historic milestone in the action launched by the SEC against Genesis and Gemini. Genesis Global Capital has consented to pay a
StarkDeFi announces the closing 10 days of their innovative ReGenesis campaign—A Blend of Traditional Leaderboard and Gamification StarkDeFi, a leading provider of DeFi solutions built on StarkNet, is entering the final stretch of their standout ReGenesis campaign. The campaign deviates from the current market trend, featuring a gamified twist to
Genesis, a defunct cryptocurrency firm, has been given the go light by a court to sell off its approx. 35 million Grayscale Bitcoin Trust (GBTC) shares. The crypto firm is now approved to sell its around $1.3 billion worth of GBTC after months of litigation were ultimately dismissed by the
Genesis Global Capital, a defunct cryptocurrency lender, has filed a fresh motion with the United States Bankruptcy Court for the Southern District of New York, requesting permission to liquidate almost $1.4 billion worth of trust assets. Genesis, a division of the Digital Currency Group (DCG), reportedly has $1.4 billion in
The short-term loans that Digital Currency Group (DCG) had with the now-defunct Genesis crypto lending platform have all been paid off, according to the venture capital company. On January 6th, DCG verified in a statement posted on X (formerly Twitter) that it had paid all of its debts, including almost
Bankrupt cryptocurrency lender Genesis has taken a bold step towards streamlining its Chapter 11 reorganization. The company has asked the court for permission to drastically decrease the claim of the bankrupt hedge fund Three Arrows Capital (3AC) from over $1 billion to $33 million. The proposed resolution is an important
The U.S. authorities said in a filing on Wednesday that a revised bankruptcy plan submitted by cryptocurrency lender Genesis last week marks a substantial change of intentions. Instead of reorganizing, the lender is now trying to sell off its assets. The filing by U.S. Trustee William Harrington said that the
In a lawsuit against Genesis Global, crypto exchange Gemini seeks to recover 60 million shares of the Grayscale Bitcoin Trust (GBTC) that were committed as collateral for the Gemini Earn product. To access the funds that were frozen when Genesis temporarily stopped processing withdrawals last year, Gemini has launched an
London, United Kingdom, October 26th, 2023, Chainwire XETA Genesis is a DeFi platform that has been delivering monthly returns of up to 20% to investors in a year. XETA Genesis was launched as XETA Capital in July 2022, under the leadership of Gavin Minty and the X user known as
