FTX and Genesis agree to resolve claims in the bankruptcy case
FTX and Genesis are bankrupt and have been trying to collect funds for creditors under court supervision. The agreement will resolve FTX’s claims against Genesis debtors and vice versa. Genesis…
Play-and-Earn football prediction app Pooky launches its Genesis NFT collection
Pooky has announced the launch of its first NFT collection. Pookyball NFTs allow players to earn crypto-based rewards for guessing the outcomes of football matches. Players will earn MATIC and…
Genesis files for bankruptcy, what does it mean for crypto?
Key Takeaways Genesis has over $3 billion in debt and 100,000 creditors Gemini, the exchange founded by the Winklevoss twins, has threatened legal action over an unpaid $900 million loan…
Genesis could file for bankruptcy this week: report
Genesis Global Capital, a crypto lending platform owned by Digital Currency Group (DCG), is said to be considering filing for bankruptcy. According to a Bloomberg report, Genesis is likely to…
US SEC has filed charges against Gemini and Genesis
The US SEC is accusing Gemini and Genesis of selling unregistered securities. Genesis and Gemini did not register their partnership as a lending partnership. Genesis has been having liquidity issues…
Gemini launches page to help Gemini Earn users affected by Genesis crisis
The co-founder of Gemini, Cameron Winklevoss, on Wednesday announced via a series of tweets that the crypto exchange has launched a page to help Gemini Earn users. KEY TAKEAWAYS Gemini…
Binance will not invest in lending platform Genesis: WSJ report
Crypto lending platform Genesis is currently struggling and could be in need of investors to enable it to maintain its operations. Cryptocurrency exchange Binance will not invest in Genesis, according…
Genesis’ $2.8B crypto lending unit halts withdrawals
The crypto lending arm of Genesis Global Trading, which prices itself as the premier institutional digital asset financial services firm, has temporarily suspended the redemption and issuance of new loans.…