Genesis to return $3B to customers after court approves bankruptcy plan
Genesis Global gets court approval to repay $3 billion to customers. Judge Sean Lane overruled an objection from Genesis parent company Digital Currency Group. DCG argued payments to be in…
Genesis agrees to $21M SEC settlement over Gemini Earn
Genesis settles $21M SEC penalty, permanent injunction for Gemini Earn violations. SEC Chair Gensler emphasizes crypto compliance with securities laws. Genesis authorized to sell $1.6B GBTC assets. Genesis Global Capital…
Dymension mainnet launch and genesis rolldrop ignites DYM price surge
Dymension’s mainnet launch and genesis rolldrop drive DYM price up by 40% to $5.59. The strategic airdrop targets diverse blockchain communities, offering $390M worth of DYM tokens. Dymension’s RollApps infrastructure…
NYDFS says Genesis Global Trading to pay $8M fine, forfeit BitLicense
The New York Department of Financial Services (NYDFS) says Genesis Global Trading will pay an $8 million fine and surrender its BitLicense. NYDFS said in a press release that investigations…
DCG settles Genesis Debt, Memeinator’s token presale takes centre stage
Digital Currency Group (DCG) settles Genesis debt. Besides settling Genesis’s debt, DCG has repaid a total of $1B to its creditors. Memeinator’s MMTR token presale has raised $3.2M in its…
XETA Genesis yields millions via advanced high frequency trading algorithms
London, United Kingdom, October 26th, 2023, Chainwire XETA Genesis is a DeFi platform that has been delivering monthly returns of up to 20% to investors in a year. XETA Genesis…
New York AG sues Gemini and Genesis for alleged $1 billion fraud
The New York Attorney General Letitia James filed the lawsuit against Gemini, Genesis and DCG on Thursday. It’s alleged the crypto firms lied to investors and concealed losses of over…
Crypto lending firm Genesis to cease offering crypto trading
Genesis has been providing trading services through its international Genesis Global Capital (GGC) division. Genesis allegedly owes its top 50 creditors $3.5 billion. In August Genesis and DCG reached an…
Genesis Global Trading to close its over-the-counter trading platform
Genesis Global Trading avoided Genesis bankruptcy earlier this year. Genesis is currently trying to raise funds to pay back its creditors. Genesis’ parent company DCG came to its rescue and…
Genesis and DCG reach in-principle agreement to recover creditors’ funds
Digital Currency Group (DCG) moving toward resolving the financial challenges of its crypto lending subsidiary, Genesis. The agreement could possibly lead to a fair recovery for creditors. The agreement is…