Bookmarking Crypto Insights
Auto Added by WPeMatico
Gemini’s complaint filed in July alleged DCG and Barry Silbert had made “false, misleading, and incomplete representations and omissions” related to Genesis and the Earn program. Go to Source
Digital Currency Group (DCG) is reportedly under investigation in New York for financial transactions involving its subsidiary, Genesis Global Capital. Go to Source
This week’s Crypto Biz also explores Gemini’s fight with the Digital Currency Group (DCG) over user funds, new banking tools for the digital yuan, and OpenAI’s efforts to stop users from jumping paywalls. Go to Source Powered by WPeMatico
Gemini co-founder Cameron Winklevoss alleged Barry Silbert committed fraud by knowing Genesis was “massively insolvent” when attempting to continue the Earn program. Go to Source Powered by WPeMatico
The FTX debtors alleged that the claim was filed “without any advance notice,” and were not invited to participate in the mediation. Go to Source Powered by WPeMatico
Starting from May 31, TradeBlock will commence the official procedure of winding down its operations. Go to Source Powered by WPeMatico
The settlement plan proposed in February would give Genesis creditors 80% recovery of funds but many raised demands, leading to the mediation. Go to Source Powered by WPeMatico
Under the initial settlement plan, Genesis creditors were expected to receive 80% recovery of funds lost due to the bankruptcy. Go to Source Powered by WPeMatico
Negative headlines surrounding Silvergate dragged Bitcoin’s price below $20,000. Meanwhile, bankrupt Alameda is planning to sue Grayscale and its parent company DCG. Go to Source Powered by WPeMatico
The crypto conglomerate reported that falling crypto prices and the fallout from Three Arrows Capital’s loan default to Genesis affected its results. Go to Source Powered by WPeMatico
