Digital Currency Group (DCG) wants a lawsuit accusing it of defrauding cryptocurrency investors dismissed. The company is urging a New York court to throw out the lawsuit, which alleges DCG defrauded investors via its Genesis Global Capital business, Reuters reported Wednesday (March 6). New York Attorney General Letitia...
New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies. Now, Attorney General Letitia James is alleging that the fraud scheme carried out by Digital Currency Group (DCG), its Genesis Global Capital offshoot, and Gemini Trust was three times the size once thought, at $3 billion. In an amended...
Bullish, a regulated digital assets exchange, has acquired CoinDesk, a media, events and data company serving the global cryptocurrency economy. The move aims to accelerate CoinDesk’s global expansion and growth, the companies said in a Monday (Nov. 20) press release. Bullish plans to inject capital...
Genesis Global Trading, a U.S.-focused spot crypto trading business, will shut down its over-the-counter trading platform on Sept. 18. In an email sent to clients, the company stated that all trades must be settled by Sept. 21, and all remaining open accounts will be closed...
May 20, 2024
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 a Monday (May 20) press release. This settlement includes the bankrupt firms Genesis Global Capital, Genesis Asia Pacific and Genesis Global Holdco, according to the release. “This historic settlement is a major step toward ensuring […]
March 06, 2024
Digital Currency Group (DCG) wants a lawsuit accusing it of defrauding cryptocurrency investors dismissed. The company is urging a New York court to throw out the lawsuit, which alleges DCG defrauded investors...
February 11, 2024
New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies. Now, Attorney General Letitia James is alleging that the fraud scheme carried out by Digital Currency Group (DCG), its Genesis...
November 20, 2023
Bullish, a regulated digital assets exchange, has acquired CoinDesk, a media, events and data company serving the global cryptocurrency economy. The move aims to accelerate CoinDesk’s global expansion and growth,...
