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Genesis

New York Skyline (Lukas Kloeppel/Pexels)
Policy
Genesis
NYAG Takes Victory Lap as Court Approves Genesis Settlement
NYAG says the settlement will establish a fund for New Yorkers who invested more than $1.1 billion in Genesis through the Gemini Earn program and blocks Genesis from operating...
New York Skyline (Lukas Kloeppel/Pexels)
By Sam Reynolds
May 21, 2024 at 5:16 a.m. UTC
May 21, 2024
GenesisGenesis global capitalGenesis Digital AssetsGenesis global holdco llcNYAGNew York Attorney General
Genesis Set to Return $3B to Creditors; Craig Wright Lied to UK Court 'Extensively': Judge
Video
Binance
Genesis Set to Return $3B to Creditors; Craig Wright Lied to UK Court 'Extensively': Judge
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Judge James Mellor released his written judgment on the Craig...
Genesis Set to Return $3B to Creditors; Craig Wright Lied to UK Court 'Extensively': Judge
By CoinDesk Staff
May 20, 2024 at 4:40 p.m. UTC
May 20, 2024
BinanceGenesisCraig WrightcdtvCd daily
Genesis' bankruptcy plans are being opposed by Gemini and others (Spencer Wing/Pixabay)
Markets
Genesis
Genesis Set to Return $3B Customer Assets in Finalized Bankruptcy Liquidation Plan
Bankruptcy claims began trading at 35% of account balance value when they were initially listed on claim trading marketplace Xclaim.
Genesis' bankruptcy plans are being opposed by Gemini and others (Spencer Wing/Pixabay)
By Sam Reynolds
May 20, 2024 at 5:47 a.m. UTC
May 20, 2024
GenesisDCGDigital Currency Group
Genesis has unloaded its entire stake in GBTC (Danny Nelson/CoinDesk)
Finance
Genesis
Genesis Completes Redemption of GBTC Shares, Buys 32K Bitcoins with Proceeds
The company in February got permission from a New York bankruptcy court to sell approximately 36 million shares of Grayscale's Bitcoin Trust.
Genesis has unloaded its entire stake in GBTC (Danny Nelson/CoinDesk)
By Cheyenne Ligon
Apr 5, 2024 at 7:19 p.m. UTC
Apr 5, 2024
GenesisGrayscaleGrayscale Bitcoin TrustGBTC
(Nikhilesh De/CoinDesk)
Policy
Regulations
Genesis to Pay SEC $21M Penalty to Settle Charges Over Gemini Earn Product
The settlement comes days after a New York judge denied motions by Genesis and crypto exchange Gemini to stop the SEC case.
(Nikhilesh De/CoinDesk)
By Amitoj Singh
Mar 19, 2024 at 1:51 p.m. UTC
Mar 19, 2024
RegulationsSECGary GenslerCryptoGeminiGenesis
(Nikhilesh De/CoinDesk)
Policy
Regulations
Gemini and Genesis Can Be Sued by SEC Over Defunct Earn Product, Judge Rules
The judge found that the SEC’s complaint “plausibly alleges” that the two crypto firms offered and sold unregistered securities via Gemini Earn.
(Nikhilesh De/CoinDesk)
By Cheyenne Ligon
Mar 13, 2024 at 7:40 p.m. UTC
Mar 13, 2024
RegulationsSECGenesisGemini
DCG CEO Barry Silbert (CoinDesk archives)
Finance
Dcg
DCG's Barry Silbert Pitched Genesis-Gemini Merger in a Drastic Bid to Save the Lender in 2022
Silbert’s motion to dismiss the New York Attorney General’s $3 billion lawsuit contains emails from around the time 3AC failed and the Genesis and Gemini loans business began...
DCG CEO Barry Silbert (CoinDesk archives)
By Ian Allison
Mar 8, 2024 at 8:30 p.m. UTC
Mar 8, 2024
DCGGeminiGenesismergers and acquisitions
Gemini founders Tyler and Cameron Winklevoss. (Joe Raedle/Getty Images)
Policy
Regulations
Winklevoss Twins' Gemini Promises to Return $1.1B to Earn Customers
The pact is tied to the bankruptcy of Genesis Global Capital, Gemini's partner for its Earn program.
Gemini founders Tyler and Cameron Winklevoss. (Joe Raedle/Getty Images)
By Nikhilesh De
Feb 28, 2024 at 9:38 p.m. UTC
Feb 28, 2024
RegulationsGeminiGenesisBankruptcy
Barry Silbert's Digital Currency Group is objecting to the settlement that Genesis struck with the New York attorney general. (CoinDesk)
Policy
Regulations
DCG Calls Out Subsidiary Genesis' Settlement With New York as 'Subversive'
DCG filed an objection in bankruptcy court to the deal its own subsidiary secured to end the New York attorney general's investigation of fraud and money laundering controls.
Barry Silbert's Digital Currency Group is objecting to the settlement that Genesis struck with the New York attorney general. (CoinDesk)
By Jesse Hamilton
Feb 21, 2024 at 10:48 p.m. UTC
Feb 21, 2024
RegulationsNew York Attorney GeneralSettlementFraudDigital Currency GroupGenesisBankruptcy
CEO Barry Silbert's Digital Currency Group is now accused by the New York Attorney General of a much heftier $3 billion in investor losses in a lawsuit amended Friday. (CoinDesk)
Policy
Regulations
New York Expands Fraud Case Against Digital Currency Group to $3 Billion
An initial lawsuit accusing crypto firm DCG of cheating people out of $1 billion has been amplified by investors coming forward with losses tripling that, the NY attorney gene...
CEO Barry Silbert's Digital Currency Group is now accused by the New York Attorney General of a much heftier $3 billion in investor losses in a lawsuit amended Friday. (CoinDesk)
By Jesse Hamilton
Feb 9, 2024 at 5:46 p.m. UTC
Feb 9, 2024
RegulationsDigital Currency GroupGenesisGeminiNew York Attorney GeneralLetitia JamesCourt Cases