Genesis – Coin HD

Genesis Converts GBTC Shares into Bitcoin: Acquires 32,000 BTC in Major Move

Leave a Comment / Converts, Genesis / azlan90

Last updated: April 6, 2024 11:00 EDT | 2 min read Bankrupt crypto lending firm Genesis has converted approximately 36 million shares of Grayscale Bitcoin Trust (GBTC) into Bitcoin as part of preparations to settle its debts with creditors. According to a recent report by Bloomberg, the company liquidated the GBTC shares on April 2, at […]

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Genesis Global Capital Seeks Approval for $1.4B GBTC Liquidation in Bankruptcy Court

Leave a Comment / Genesis, Global / Nisha

Genesis Global Capital has formally requested authorization from the U.S. Bankruptcy Court for the Southern District of New York to proceed with an extensive sale of its holdings. The crypto lender, currently undergoing bankruptcy proceedings, submitted the new motion seeking approval to sell trust assets valued at approximately $1.6 billion. As per a court filing

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Genesis Global Trading Settles with NYDFS for $8 Million Over Compliance Failings

Leave a Comment / Genesis, Global / Nisha

Digital Currency Group (DCG) subsidiary – Genesis Global Trading – reached a settlement with the New York Department of Financial Services (NYDFS) on January 12th. Genesis will pay an $8 million penalty after an agency’s investigation found significant failings in anti-money laundering and cybersecurity programs. NYDFS said the compliance failures left the company vulnerable to

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Genesis Global Trading Settles with NYDFS, Pays $8 Million Penalty, and Surrenders BitLicense

2 Comments / Genesis, Global / Avery Clarkson

Last updated: January 13, 2024 07:08 EST | 3 min read Genesis Global Source: AdobeStock / TimonGenesis Global Trading, a subsidiary of Digital Currency Group, has agreed to pay an $8 million penalty to the New York State Department of Financial Services (NYDFS) after settling allegations of compliance failures. The NYDFS accused the company of

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

Leave a Comment / Files, Genesis / azlan90

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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Xeta Genesis Is What The Crypto Industry Needs, Learn How to Invest in ETFs With This Platform

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The crypto industry needs a lot more work before it can go truly global. There are some positive steps that it is taking, and one of the major requirements is the integration of the pivotal realm of Decentralized Finance (DeFi) with traditional financial markets, which could lead to a substantial flow of capital in both

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XETA Genesis Promises Amplified Returns: A Closer Look at the DeFi Magic

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The crypto market is known for its volatile price action that turns part-time investors into millionaires over the course of a year or two. But a strong, sustainable pump has been missing from the market for a while now. Investors are beginning to explore more means of earning high returns from the market. XETA Genesis

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