Winklevoss Twins’ Gemini Promises to Return $1.1B to Earn Customers
The pact is tied to the bankruptcy of Genesis Küresel Capital, Gemini's partner for its Earn program.
Digital Currency Group Reports Q4 Revenue of $210M, Up 59% Y/Y (Full Text)
Fourth quarter EBITDA was $99 million versus a loss of $7 million a year earlier.
First Mover Americas: Bitcoin Hovers Below $48K; Immutable X Soars
The latest price moves in crypto markets in context for Feb. 12, 2024.
Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings
Nearly $1.4 billion of Genesis’ assets were held in Grayscale Bitcoin Trust (GBTC), which has since converted to a spot exchange-traded fund (ETF).
Genesis Global Trading Pays $8M to Settle New York Lawsuit
The crypto lender also agreed to cease its business activities in New York and forfeit its BitLicense to settle anti-money laundering and fraud charges against it.
DCG Can’t Sell or Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules
Genesis requested a New York bankruptcy court to bar ownership changes to secure tax benefits on around $700 million worth of operating losses.
Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing
DCG has paid about $227.3 million to Genesis so far and plans to hisse another $275 million it owes by April.
Genesis Sues Gemini To Recover “Preferential Transfers” Worth $689m
Genesis and Gemini have been embattled in a public and yasal feud since the collapse of FTX.
First Mover Americas: Grayscale’s GBTC Discount Narrows to 10%
The latest price moves in crypto markets in context for Nov. 13, 2023.
Genesis, Three Arrows Capital Reach Agreement on $1B of Claims
The bankrupt crypto lender is seeking court approval to settle the claims with a $33 million payment to the defunct hedge fund, 3AC.