Genesis

Genesis Reduces Headcount and Discusses Bankruptcy
Genesis Reduces Headcount and Discusses Bankruptcy
January 05, 2023  |  Cryptocurrency

Genesis Global Trading is reportedly considering filing for bankruptcy. The cryptocurrency lender has also laid off 30% of its staff across departments, The Wall Street...

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Wyre Reportedly Latest Victim of Crypto Winter
Wyre Reportedly Latest Victim of Crypto Winter
January 04, 2023  |  Cryptocurrency

Wyre is reportedly shutting down, the latest causality of an ongoing crypto downturn. “We’ll continue to do everything we can, but I want everyone to...

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Genesis Tells Clients It’s Working to Preserve Assets
Genesis Tells Clients It’s Working to Preserve Assets
January 04, 2023  |  Cryptocurrency

Genesis told clients it needs more time to fix its borrowing and lending intermediation business. “We remain focused on finding a solution for our borrowing...

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Crypto Exchange Gemini Seeks to Recover $900M Invested in Genesis
Crypto Exchange Gemini Seeks to Recover $900M Invested in Genesis
December 04, 2022  |  Cryptocurrency

Crypto broker Genesis owes $900 million to the Winklevoss twins’ Gemini exchange. A report Saturday (Dec. 3) by the Financial Times (FT) says brothers Tyler...

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Crypto Brokerage Genesis Tries to Raise Funds and Eyes Bankruptcy
Crypto Brokerage Genesis Tries to Raise Funds and Eyes Bankruptcy
November 22, 2022  |  Cryptocurrency

Cryptocurrency brokerage Genesis has reportedly said it may file for bankruptcy if it doesn’t raise at least $1 billion in new funding.  The firm has...

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Crypto Contagion Sends Coins and Companies Tumbling
Crypto Contagion Sends Coins and Companies Tumbling
November 22, 2022  |  Cryptocurrency

FTX continues to be an industry “market maker” from beyond the grave, as the realities of entangled counterparty risk rear their heads throughout the cryptocurrency...

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Genesis to Get $140M Equity Infusion from Parent Company
Genesis to Get $140M Equity Infusion from Parent Company
November 11, 2022  |  Cryptocurrency

Cryptocurrency brokerage Genesis will reportedly get an equity infusion of $140 million from its parent company to strengthen its balance sheet after saying its derivatives...

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Genesis Cuts Staff 20% Staff as CEO Michael Moro Exits, COO Named Interim Exec
Genesis Cuts Staff 20% Staff as CEO Michael Moro Exits, COO Named Interim Exec
August 17, 2022  |  Cryptocurrency

In a workforce and leadership shakeup, crypto brokerage Genesis is cutting 20% of its staff as CEO Michael Moro stepped down and Chief Operating Officer...

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Today in Crypto: Crypto Firms Offer High Pay to Lure UK Cybercrime Police; Crypto Broker Reports Falling Q1 Lending
Today in Crypto: Crypto Firms Offer High Pay to Lure UK Cybercrime Police; Crypto Broker...
May 01, 2022  |  Cryptocurrency

Coinbase is debuting features to add compliance support, according to a company blog post published April 28. The feature, called Coinbase Know Your Transaction, will...

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