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Crypto Market Forecast: Week of September 18th 2023
A curated weekly summary of forward-focused crypto news that matters. This week, the market readies itself for the next Fed interest rate decision, DCG offers a recovery plan for out-of-pocket Genesis creditors, and a large chunk of short-term BTC holders are holding at a loss. дальше »
2023-9-18 15:01 | |
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Ethereum Holesky testnet launch flops, relaunch is expected in coming weeks
Ethereum’s Holesky testnet experienced an error that will require another launch attempt, community members and developers said on Sept. 15. Ethereum researcher Diederik Loerakker, aka protolambda, wrote that one developer entered certain data in the wrong part of the network’s genesis files. дальше »
2023-9-17 02:00 | |
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Market Bombshell: Crypto Firm Genesis Ceases Trading Operations
Per a report from The Block, Genesis, a prominent digital asset financial firm, has announced the discontinuation of crypto derivatives trading through its subsidiary GGC International (GGCI). The company conveyed this decision to its clients in an email on Wednesday. дальше »
2023-9-15 04:00 | |
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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 “agreement in principle” permitting creditors to get the majority of their money. дальше »
2023-9-15 22:56 | |
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Genesis to halt all trading services by Sept. 21
Genesis will soon close all of its services, according to a Sept. 14 report. A Genesis spokesperson was on record saying: “Genesis has decided to stop offering digital asset spot and derivatives trading through GGC International, Ltd. дальше »
2023-9-15 22:55 | |
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Genesis announces winding down of crypto trading services
In January, Genesis Global Capital announced it would eliminate its crypto spot trading services “voluntarily and for business reasons” without additional details. дальше »
2023-9-15 21:38 | |
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DCG And Gemini Ink A Plan: Users To Receive All Their Crypto?
Per a report from TheBlock, Digital Currency Group (DCG) reached an agreement with crypto exchange Gemini. The two parties have been negotiating for months after the collapse of crypto lender Genesis, a DCG subsidiary, and the Gemini Earn program. дальше »
2023-9-14 21:00 | |
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Digital Currency Group’s recovery plan claims to fully compensate Gemini Earn users
It has been proposed that Gemini Earn users might recover up to 110% of their claims against the now-bankrupt cryptocurrency lender, Genesis, according to a newly proposed creditor agreement plan filed by Digital Currency Group (DCG) on Sept. дальше »
2023-9-13 18:40 | |
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Beleaguered Gemini Earn Customers Will Be Made ‘Nearly Whole,’ DCG and Genesis Say About Remuneration Plan
A filing on Tuesday states that if the assorted creditor groups vote through the proposed deal, then “Gemini Earn users are estimated to recover approximately 95-110% of their claims.” дальше »
2023-9-13 15:07 | |
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FBI questions Winklevoss twins on DCG’s CEO misconduct
US federal officials are currently scrutinizing the internal financial transactions of DCG and its subsidiary, Genesis Global Capital. дальше »
2023-9-8 18:08 | |
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Part 4: Genesis of Ledger Recover – Controlling Access to the Backup: Identity Verification
How can Ledger Recover protect the entropy of a Secret Recovery Phrase without just introducing yet another additional mechanism secret-based such as a password, a two-factor authentication or similar? In this section, we will delve into Identity Verification mechanisms which provide access to your backup by yourself and only you. дальше »
2023-9-8 16:04 | |
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Криптокредитор Genesis подал в суд на DCG за неуплату долга на $620 млн
Криптокредитор Genesis Global Holdco LLC подал иск против компаний Digital Currency Group (DCG) и DCG International Investments Ltd, принадлежащих Барри Зильберту, за неуплату долга на $620 млн. дальше »
2023-9-7 10:40 | |
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Coinbase Introduces Crypto Loan Service For US Institutions
Prominent crypto exchange Coinbase has launched a crypto lending service targeted at institutional investors in the United States. According to a Tuesday report by Bloomberg, the largest American exchange seeks to fill the void created by the collapse of crypto lending firms such as BlockFi, Genesis Global, Celsius, etc. дальше »
2023-9-7 02:30 | |
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Genesis Global Capital Files for Over $600M in Unpaid DCG Loans: Court Docs
Genesis Global Capital, a subsidiary of Digital Currency Group, filed in court for DCG to repay outstanding loans in excess of $600 million on Wednesday. дальше »
2023-9-7 21:54 | |
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Genesis Global set to quit crypto spot trading business
Genesis Global Trading, an affiliate of Digital Currency Group (DCG), plans to cease its crypto spot trading operations this month due to undisclosed “business reasons.” This voluntary decision stems from a series of business considerations and follows the January bankruptcy… дальше »
2023-9-6 13:49 | |
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US-based Genesis Global Trading will eliminate its crypto spot trading service
The company, an affiliate of Barry Silbert’s Digital Currency Group, has been providing crypto spot trading since 2013. Its closure is “for business reasons.” дальше »
2023-9-6 00:39 | |
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Genesis Global Trading ends U.S. over-the-counter trading ‘voluntarily and for business reasons’
Genesis Global Trading is set to shutter its operations later this month, according to an email sent to clients on Sept. 5 and confirmed in a comment to CryptoSlate. The decision to cease the over-the-counter trading platform on Sept. дальше »
2023-9-6 21:10 | |
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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 reached an in-principle agreement with creditors. дальше »
2023-9-6 21:04 | |
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Gemini rejects Genesis, FTX proposed settlement, describes it as ‘sweetheart pre-plan deal’
Crypto exchange Gemini rejected the proposed settlement deal between bankrupt crypto platform FTX and Genesis, according to an Aug. 31 court filing. Gemini posited that the proposed settlement between the failed firms is an attempt to manipulate the voting process for the bankruptcy plan, further describing it as a “sweetheart pre-plan deal” designed to benefit […] The post Gemini rejects Genesis, FTX proposed settlement, describes it as ‘sweetheart pre-plan deal’ appeared first on CryptoSlate. дальше »
2023-9-1 14:01 | |
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Gemini filed an opposition to Genesis’s bankruptcy plan
Gemini, a crypto exchange led by the Winklevoss twins, opposed the bankruptcy plan by Genesis and Digital Currency Group (DCG). Gemini‘s lawyers explained that the bankruptcy plan lacks enough details and guarantees for some of the largest debtors. The Gemini’s filing stated… дальше »
2023-8-31 16:31 | |
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Gemini Raises Concerns About Genesis Bankruptcy Plan
Gemini has disputed Digital Currency Group's proposed bankruptcy plan for crypto lender Genesis, claiming it lacks clarity, crucial information, and creditor support. The post Gemini Raises Concerns About Genesis Bankruptcy Plan appeared first on BeInCrypto. дальше »
2023-8-31 11:02 | |
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Gemini Opposes Genesis Bankruptcy Plan: 'Woefully Light on Specifics'
Attorneys for crypto exchange Gemini argued that a proposed resolution for Genesis' bankruptcy doesn't have enough detail or provide any assurances for some if its largest debtors in a new filing Wednesday. дальше »
2023-8-31 00:43 | |
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Genesis lenders call DCG agreement ‘wholly insufficient’
The in-principle agreement reached by DCG and creditors also said that the ad hoc group and Gemini did not support the deal.
дальше »2023-8-30 16:46 | |
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Genesis Global And DCG Strike Crucial Deal With Creditors: 90% Recovery Imminent?
The latest update for the financial complications faced by Genesis Global, a notable name in the crypto lending space, and its parent company, Digital Currency Group (DCG), shows that both entities seem to have navigated their way out of the murky waters, striking an agreement with their creditors. дальше »
2023-8-30 02:00 | |
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Crypto firm Genesis secures landmark agreement
The agreement will mitigate financial challenges faced by Genesis. The proposed amendments could facilitate recoveries ranging from 65% to 90% of assets. Digital Currency Group (DCG) has reaThe post Crypto firm Genesis secures landmark agreement appeared first on AMBCrypto. дальше »
2023-8-29 16:00 | |
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DCG обещает возместить до 90% убытков кредиторам криптоброкера Genesis
Венчурная компания Digital Currency Group достигла принципиального соглашения с кредиторами своего дочернего криптовалютного кредитного сервиса Genesis. DCG обещает вернуть инвесторам до 90% их вложений. дальше »
2023-8-29 13:24 | |
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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 still subject to several handles, but Genesis expects the agreement to be completed in the coming weeks. дальше »
2023-8-29 13:14 | |
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DCG reaches ‘agreement in principle’ with Genesis creditors, debtors
The estimated U.S. dollar equivalent recoveries could amount to 70%–90% for Genesis creditors, should the amended plan be carried out. дальше »
2023-8-29 11:22 | |
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Digital Currency Group to pay $1.4B as agreement made with Genesis for up to 90% of funds
Genesis Global and affiliates have reached a deal in principle on a bankruptcy reorganization plan supported by creditors, according to a court filing Tuesday. The cryptocurrency lender aims to emerge from Chapter 11 protection after entering mediation in May to resolve disputes over a reorganization plan. дальше »
2023-8-29 10:28 | |
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DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%
Digital Currency Group (DCG) and Genesis creditors have reached a deal in principle to resolve the claims in the Genesis Capital Chapter 11 cases, according to a court filing on Tuesday. дальше »
2023-8-29 09:15 | |
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Oasys and Amazon Web Services Launch Web3 Gaming Hackathon
Oasys and AWS are co-hosting GameWave Genesis Hackathon in Singapore, focusing on Web3 game development, with a prize pool of 42,000 USD. The post Oasys and Amazon Web Services Launch Web3 Gaming Hackathon appeared first on NFT News Today. дальше »
2023-8-23 16:03 | |
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Один из крупнейших майнеров биткоинов инвестирует в расширение бизнеса
Genesis Digital Assets открывает майнинговое предприятие в Швеции. Американская компания Genesis Digital Assets, которая является одним из крупнейших майнеров биткоинов, объявила о том, что открывает новое майнинговое предприятие в Швеции. дальше »
2023-8-23 19:15 | |
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500 NFT Genesis Boxes and $CATCH Totems Now Live in Wallets
SpaceCatch's 500 NFT Genesis Boxes & $CATCH Totems are now live for airdrop participants. Dive into this exciting merge of classic gaming and blockchain tech. The post 500 NFT Genesis Boxes and $CATCH Totems Now Live in Wallets appeared first on NFT News Today. дальше »
2023-8-21 16:34 | |
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FTX pursues $175 million settlement with Genesis
FTX sought resolution in legal dispute through a $175 million settlement with Genesis entities. Persistent discord surrounded the proposal, as the FTX 2.0 coalition highlighted unfavorable dynaThe post FTX pursues $175 million settlement with Genesis appeared first on AMBCrypto. дальше »
2023-8-18 17:00 | |
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Alameda Research, Genesis Global resolve $3.88B claim dispute with $175M agreement
Alameda Research has agreed to claim $175 million from the estate of Genesis Global, according to an agreement submitted to the court on Aug. 16. This resolves the dispute between the two bankrupt entities over claims against each other. дальше »
2023-8-17 18:45 | |
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