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Genesis Files $689 Million Lawsuit Against Gemini to Recover ‘Preferential Transfers’

Genesis Files $689 Million Lawsuit Against Gemini to Recover ‘Preferential Transfers’

Genesis Global Capital, a cryptocurrency lender, has filed a lawsuit against its former business partner, Gemini Trust, seeking the recovery of over $689 million. The court filing, made late on Tuesday, alleges that Gemini engaged in ‘preferential transfers’ totaling approximately $689,302,000 from Genesis. Genesis and Gemini Clash in Legal Battle The lawsuit contends that these …

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Grayscale Files for Fresh Spot Bitcoin ETF on NYSE Arca

Grayscale Files for Fresh Spot Bitcoin ETF on NYSE Arca

Grayscale has submitted a fresh application to the Securities and Exchange Commission (SEC), aiming to establish one of the first spot Bitcoin exchange-traded funds (ETFs) in the United States through its Grayscale Bitcoin Trust. The filing revealed that Grayscale intends to list Grayscale Bitcoin Trust shares on the New York Stock Exchange (NYSE) Arca. Issuers …

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