Genesis

This Week in Web3: ETFs, Scams, More Pushes for Acceptance
This Week in Web3: ETFs, Scams, More Pushes for Acceptance
May 22, 2024  |  Blockchain

Can the world of payments and financial services embrace crypto and move on-chain? Maybe partly, and maybe one day. Ultimately, it all boils down to...

READ MORE >
Bankruptcy Court Approves Genesis Settlement With NY Attorney General
Bankruptcy Court Approves Genesis Settlement With NY Attorney General
May 20, 2024  |  Cryptocurrency

Cryptocurrency firm Genesis has been banned from operating in New York and will pay a settlement worth $2 billion, the Office of the New York State Attorney General (NYAG) said in...

READ MORE >
Genesis’ New Bankruptcy Plan Draws Ire of the Feds
Genesis’ New Bankruptcy Plan Draws Ire of the Feds
November 02, 2023  |  Legal

Genesis has altered its bankruptcy plans, and that doesn’t sit well with the federal government. The crypto lender said in a filing last week that it...

READ MORE >
Crypto-Trading Firm Genesis Halts International Spot and Derivatives Trading
Crypto-Trading Firm Genesis Halts International Spot and Derivatives Trading
September 14, 2023  |  Cryptocurrency

Cryptocurrency-trading business Genesis has stopped all its trading operations.  The company is closing its international spot and derivates trading operation, after shutting down its U.S....

READ MORE >
Crypto Collapse Yields $700 Million Payday for Turnaround Specialists
Crypto Collapse Yields $700 Million Payday for Turnaround Specialists
September 06, 2023  |  Cryptocurrency

The bankruptcies of five major cryptocurrency firms have been a boon for corporate turnaround specialists. That’s according to a report published Tuesday (Sept. 5) by...

READ MORE >
Crypto’s Lapses Hold Big Industry Lessons
Crypto’s Lapses Hold Big Industry Lessons
February 16, 2023  |  Cryptocurrency

For the cryptocurrency industry to grow, sector foibles can’t keep looking so avoidable in retrospect. This, as a recent class action lawsuit filed in California...

READ MORE >
Crypto Bank Silvergate Says Genesis Exposure ‘Minimal’
Crypto Bank Silvergate Says Genesis Exposure ‘Minimal’
January 22, 2023  |  Cryptocurrency

Crypto-centric bank Silvergate said its exposure to bankrupt lender Genesis has been limited. The bank made this announcement in an update Friday (Jan. 20), one...

READ MORE >
Genesis Is Preparing to File for Bankruptcy as Crypto Contagion Continues
Genesis Is Preparing to File for Bankruptcy as Crypto Contagion Continues
January 18, 2023  |  Cryptocurrency

Cryptocurrency lender Genesis Global Capital reportedly could file for bankruptcy this week. Bloomberg reported Wednesday (Jan. 18) that the unit of Digital Currency Group (DCG)...

READ MORE >
SEC Charges Genesis and Gemini Following Crypto Collapse Contagion 
SEC Charges Genesis and Gemini Following Crypto Collapse Contagion 
January 12, 2023  |  Cryptocurrency

The Securities and Exchange Commission (SEC) has charged two cryptocurrency companies with offering unregistered securities. The complaint charges Genesis Global Capital and Gemini Trust Company...

READ MORE >