Search Results for: genesis

Genesis Horses in the Home Straight:
Dubai Verse Cup Announces Initial Public Sale of its $DVCC Tokens

The much-awaited announcement for horse racing and metaverse gaming enthusiasts is finally here! Dubai Verse Cup, the unique play-to-earn (P2E) horse racing game, has announced the Initial Public Sale of its $DVCC tokens in the form of Genesis Horses between 12th to 15th February 2023. The hands-down ultimate fusion of

February 15, 2023 2 mins read

Stellar Foundation Has $13 Million Exposure To Insolvent Genesis

On Thursday, Genesis, a struggling crypto lending behemoth, filed for bankruptcy protection. With the Stellar Development Foundation identified as one of the top creditors. According to Genesis’s bankruptcy papers, the foundation has a claim for $13 million. It was revealed that the foundation extended a loan of roughly $13 million

January 21, 2023 1 min read

Bybit Witnesses Increased Trading Volume Amid USDC Volatility

Bybit CEO Confirms Exposure of $150M to Bankruptcy Filed Genesis

On January 20th, major cryptocurrency lender Genesis Global Trading became the latest firm to declare bankruptcy. In the aftermath of FTX’s demise by filing for Chapter 11 bankruptcy protection in New York. The crypto community, however, is now more concerned about other businesses that were exposed to the lending organization.

January 20, 2023 2 mins read

Tokens.com Provides Further Update on Assets Held at Genesis Global Capital

TORONTO–(BUSINESS WIRE)–Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a publicly-traded company that invests in web3 assets and builds businesses linked to crypto staking, the metaverse and play-to-earn gaming, provides update on assets being held with Genesis Global Capital, LLC (“Genesis”). In

January 20, 2023 3 mins read

Bitcoin & Ethereum Signals Surge Even After Genesis Bankruptcy

Prominent cryptocurrencies Bitcoin ($BTC) and Ethereum ($ETH) continuously signal bullish momentum even after the largest crypto lender, Genesis Global, filed for bankruptcy protection. At the time of writing, $BTC traded at $20,956, and $ETH traded at $1550 with notable price surges. Recently, failures and scandals in the cryptocurrency industry reaching

January 20, 2023 2 mins read

Tokens.com Provides Update on Assets Held at Genesis Global Capital

January 20, 2023 3 mins read

Genesis Global Files For Chapter 11 Bankruptcy in New York

Genesis Global, a cryptocurrency lender, officially filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York on January 19. The failure of cryptocurrency exchange FTX has resulted in a slew of bankruptcies, the most recent of which being Genesis. It’s also a

January 20, 2023 1 min read

Genesis Initiates Process to Achieve Global Resolution to Maximize Value for All Clients and Stakeholders and Strengthen Its Business for the Future

Commences voluntary Chapter 11 restructuring of lending business to further advance ongoing stakeholder discussions and optimize outcome for Genesis clients and Gemini Earn users Outlines Chapter 11 plan contemplating potential sale and/or equitization transaction to enable lending business to emerge under new ownership Restructuring process led by independent special committee

January 20, 2023 4 mins read

Crypto Lender Genesis Nears to File for Bankruptcy

According to reports, Genesis , a cryptocurrency lender, plans to file for bankruptcy as early as this week. Since FTX’s demise and bankruptcy in November, bankruptcy filing has been expected. As per certain sources, Genesis was discussing a prepackaged bankruptcy plan with its creditors, which would entail striking a restructuring

January 19, 2023 1 min read

U.S Court Rejects Motion to Dismiss SEC Complaint on Gemini Earn Program

Genesis and Gemini Are Facing SEC Violation Charges

Genesis Capital and Gemini cryptocurrency exchange has been charged with violations of Sections 5(a) and 5(c) of the Securities Act of 1933, by the U.S. Securities and Exchange Commission (SEC). The charge was made for selling unregistered securities via Gemini Earn crypto asset lending program. Both crypto firms are also

January 13, 2023 2 mins read