Genesis

genesis-acquires-over-32,000-btc-after-offloading-gbtc-shares
Posted by | April 7, 2024
Genesis Acquires Over 32,000 BTC After Offloading GBTC Shares

Embattled crypto lender Genesis Global Capital has continued to ramp up efforts to pay up creditors after filing for bankruptcy protection in January 2023. As part of these efforts, Genesis...

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genesis-completes-redemption-of-gbtc-shares,-buys-32k-bitcoins-with-proceeds
Posted by | April 5, 2024
Genesis Completes Redemption of GBTC Shares, Buys 32K Bitcoins with Proceeds

Genesis has sold its shares of Grayscale Bitcoin Trust (GBTC) and used the proceeds to buy 32,041 bitcoins The bitcoins are worth $2.2 billion at today’s prices Bankrupt crypto lender...

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bitcoin-open-interest-surges-to-a-2-year-high,-btc-breaks-above-$51,000
Posted by | February 14, 2024
Bitcoin Open Interest Surges To A 2-Year High, BTC Breaks Above $51,000

Bitcoin’s open interest has surged past $11 billion for the first time in over two years. This uptick comes when the world’s most valuable coin surges, recently easing past $51,000,...

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Posted by | February 10, 2024
New York Attorney General Triples the Size of Genesis and Digital Currency Group’s Alleged Fraud in New Amended Complaint

In a newly amended complaint, New York State Attorney General (AG) Letitia James alleges that investment giant Digital Currency Group (DCG) and its affiliate Genesis defrauded some 230,000 investors out...

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Posted by | February 9, 2024
Dark Twist In Digital Currency Group Case: NYAG Pursues $3 Billion Restitution

New York Attorney General Letitia James has expanded the state’s lawsuit against Digital Currency Group ( DCG ) and tripled the estimated size of alleged fraud to more than $3...

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Posted by | February 9, 2024
New York Expands Fraud Case Against Digital Currency Group to $3 Billion

New York Attorney General Letitia James now says Digital Currency Group and Gemini are responsible for $3 billion in investor losses, boosting the size of her fraud lawsuit tied to...

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Posted by | February 6, 2024
Genesis Bankruptcy Plan Faces Criticism As DCG Alleges ‘Overpayment’ Of Customer Claims

In a recent development, Digital Currency Group (DCG), the parent company of bankrupt crypto lender Genesis Capital, has objected  to Genesis’ bankruptcy plan, arguing that it violates the Bankruptcy Code. ...

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Posted by | February 2, 2024
Crypto Lender Genesis Agrees to $21 Million Civil Penalty To Settle Gemini Earn SEC Lawsuit: Report

Bankrupt crypto lender Genesis is reportedly agreeing to pay a $21 million civil fine to settle with the U.S. Securities and Exchange Commission (SEC) over the now-defunct Gemini Earn program....

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Posted by | January 13, 2024
Genesis Global Trading Ordered To Pay $8,000,000 Fine by New York Financial Regulator Over Compliance Violations

A New York financial regulator is ordering crypto firm Genesis Global Trading to pay an $8 million fine after it was found to be in violation of the law. In...

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Posted by | January 12, 2024
Genesis Agrees To Settle With New York DFS, Surrenders BitLicense And Pays $8M Fine

A recent Fortune Magazine report revealed that the New York Department of Financial Services (DFS) is set to announce a settlement with Genesis Global, a subsidiary of the crypto conglomerate...

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