Genesis Bankruptcy Parties Agree to 30-Day Mediation Period
The process can start once the parties agree on a mediator and submit an order to the U.S. bankruptcy court.
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Apr 28, 2023 at 2:01 p.m. UTC
Apr 28, 2023
Genesis Global Trading
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Gemini Escalates Dispute with DCG's Genesis; Coinbase Shares Jump Following Layoff Announcement
Crypto exchange Gemini is ramping up its dispute with Digital Currency Group's DCG Genesis Global Trading its partner on a crypto lending product pitched to smaller investors by terminating a key aspect of their relationship Coin Desk and Genesis are both owned by parent company DCG Plus Coinbase COIN shares are on the rise after [...]
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Jan 10, 2023 at 8:58 p.m. UTC
Jan 10, 2023
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More Time Is Needed To Sort Out Finances, Genesis’ CEO Tells Clients
The Hash panel discusses the latest developments for Genesis Global Trading as its interim CEO told clients it needs more time to sort out its tricky financial position This comes as Gemini co founder Cameron Winklevoss blasted DCG CEO Barry Silbert for bad faith stall tactics Genesis and Coin Desk share the same parent company [...]
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Jan 4, 2023 at 6:14 p.m. UTC
Jan 4, 2023
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Genesis Creditors Hire Lawyers to Help Prevent Bankruptcy Filing: Bloomberg
Genesis Global Trading's creditors have hired restructuring lawyers to help find a way prevent the crypto brokerage from having to file for bankruptcy, Bloomberg News reported on Wednesday, citing people with knowledge of the situation. "The Hash" hosts discuss the outlook for Genesis.
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Nov 30, 2022 at 6:17 p.m. UTC
Nov 30, 2022
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First Mover Americas: Coinbase Wallet Ditches 4 Tokens
The latest price moves in crypto markets in context for Nov. 30, 2022.
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Nov 30, 2022 at 1:28 p.m. UTC
Nov 30, 2022
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CoinFund President on FTX Contagion Fears
According to a Bloomberg report Genesis Global Trading is in talks with potential investors for at least 1 billion in fresh capital Coin Fund President Chris Perkins discusses the state of the crypto industry as it continues to suffer ripple effects from the collapse of crypto exchange FTX Genesis and Coin Desk are both owned [...]
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Nov 22, 2022 at 4:05 p.m. UTC
Nov 22, 2022
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CoinFund President on FTX Contagion Concerns, Bailout Speculation
"We're not expecting any bailouts here," CoinFund President Chris Perkins says on the continued contagion spreading throughout the crypto industry this year. Perkins, who was on the floor when Lehman Brothers went bankrupt, shares his perspective on the reported bankruptcy jitters regarding Genesis Global Trading, CoinDesk's sister company.
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Nov 22, 2022 at 3:48 p.m. UTC
Nov 22, 2022
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Temasek to Write Off up to $300M Invested in FTX; House Committee to Hold Hearing on FTX Collapse
Genesis Global Trading's lending arm is temporarily suspending redemptions and new loan originations Singapore's state investment fund Temasek is preparing to write off between 200 million and 300 million invested in FTX The House Financial Services Committee will hold a hearing into FTX next month Sam Bankman Fried Tom Brady and other FTX promoters have [...]
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Nov 16, 2022 at 9:07 p.m. UTC
Nov 16, 2022
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Genesis’ Crypto-Lending Unit Pauses Customer Withdrawals Amid FTX Collapse
The lending arm of crypto investment bank Genesis Global Trading is temporarily suspending redemptions and new loan originations in the wake of FTX s collapse Interim CEO Derar Islim told customers on a call Wednesday Genesis owner Digital Currency Group is also the parent company of Coin Desk Coin Desk Global Policy Regulation Managing Editor [...]
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Nov 16, 2022 at 5:30 p.m. UTC
Nov 16, 2022
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Crypto Investment Firm DCG Gives $140M Equity Infusion to Trading Firm Genesis
Genesis reported earlier that its derivatives business has about $175 million in locked funds in its FTX trading account.
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Nov 11, 2022 at 4:08 p.m. UTC
Nov 11, 2022