5 / 5 Relevant items tagged with #Genesis

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Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues

[Dec 18, 2022 1:00 PM] Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors…

Report: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets

[Dec 3, 2022 10:30 AM] According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to…

Bitcoin’s bottom might be below $15.5K, but data shows some traders turning bullish

[Nov 28, 2022 3:18 PM] Bitcoin whales and market makers continue to add to their leverage long positions, even though it’s unclear whether $15,500 was the final bottom.

Controlling shareholders' stakes in GBTC are 'highly illiquid': Report

[Nov 28, 2022 3:00 PM] "It's net good news for GBTC shareholders and FUD fighting," said Selkis.

Genesis Bankruptcy by EOY Now At 59% – Sentiment Of Bitcoin Investors Pivots

[Nov 28, 2022 10:16 AM] A possible Chapter 11 bankruptcy of Genesis Trading and parent company DCG is still depressing the sentiment on the Bitcoin market. Genesis last commented on Twitter on November 16. Parent company DCG last spoke out on November 18 via the social…

Report: State Securities Regulators Probe Crypto Lender Genesis

[Nov 26, 2022 1:00 PM] State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that the Alabama Securities Commission is…

Genesis / DCG: All Cool Again? Bitcoin Investors Should Be Cautions

[Nov 23, 2022 5:51 AM] The Bitcoin price plunged to a new bear market low at $15,487 on Monday after rumors intensified that Genesis Trading and Digital Currency Group (DCG), which also owns Grayscale with its 635,000 BTC strong GBTC, would go bankrupt. Since then, the…

DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North

[Nov 23, 2022 2:00 AM] Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two…

Genesis calls in restructuring expert in its fight to avoid bankruptcy

[Nov 22, 2022 9:19 PM] It is understood Moelis & Company has been brought on to help the troubled lending firm explore all possible options.

Ethereum bears have the upper hand according to derivatives data, but for how long?

[Nov 22, 2022 2:15 PM] ETH bears continue to suppress Ethereum price, but institutional traders’ buying activity and exchanges’ aiming to provide more transparency could improve investor sentiment.

Genesis denies 'imminent' plans to file for bankruptcy

[Nov 21, 2022 7:32 PM] The lending firm claims it's having "constructive conversations with creditors" and plans to resolve the situation without the need for a bankruptcy filing.

Data shows traders are slightly bullish even as crypto’s total market cap falls under $800B

[Nov 21, 2022 4:14 PM] The total crypto market cap has dropped under $800 billion, but data highlights a few reasons why some traders are bullish.

GBTC Manager Insists the ‘Holdings of Grayscale’s Digital Asset Products Are Safe and Secure’

[Nov 19, 2022 2:30 PM] On Nov. 18, 2022, at 5:47 p.m. (ET), Grayscale Investments’ official Twitter account shared information on the safety and security associated with Grayscale’s digital asset products. The update from Grayscale follows the recent FTX…

NYDIG Analyzed The FTX Collapse And Its Implications. What Did We Learn?

[Nov 19, 2022 2:19 AM] It’s time for NYDIG to chip in. The FTX fiasco is the theme of the month in the crypto world, and the show’s just beginning. The NYDIG research team avoids the temptation to summarize the whole saga and goes straight to the implications of the fall…

Crypto Lender Genesis Is On The Chopping Block As Contagion Continues

[Nov 19, 2022 2:00 AM] Genesis needs a $1 billion liquidity injection by Monday and Gemini sees significant bitcoin outflows as fears of insolvency spread throughout the industry. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin…

Nifty News: Celebs lose big on BAYC, Meghan and Harry building a metaverse, and more.

[Nov 18, 2022 12:25 AM] Celebrities are facing huge losses on their Bored Apes bought during the NFT peak, but big names like Sony and Adidas are pushing further into the industry.

Bitcoin price dips to $16.4K over Genesis woes as execs defend GBTC

[Nov 16, 2022 10:34 AM] The latest casualty of the FTX meltdown raises concerns over the Grayscale Bitcoin Trust institutional investment fund.

Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations

[Nov 16, 2022 9:30 AM] Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that the company’s…

Genesis Global Capital Halts Bitcoin, Crypto Withdrawals

[Nov 16, 2022 9:09 AM] Following the implosion of FTX and the locking up of over $175 million, Genesis’s lending arm faces a liquidity crisis and is actively seeking new capital.Cryptocurrency lender Genesis Global Capital has paused withdrawals and loan applications…

Genesis Trading reveals $175M of funds are locked in FTX

[Nov 10, 2022 7:20 PM] Genesis Trading is the latest firm to declare exposure to FTX and may look to its parent company for help as it did after the 3AC bankruptcy.