Digital Currency Group (DCG) plans to hand Genesis its stake in the Genesis Global Trading business entity which will then be sold, pending court approval.
Powered by WPeMatico
Auto Added by WPeMatico
Digital Currency Group (DCG) plans to hand Genesis its stake in the Genesis Global Trading business entity which will then be sold, pending court approval.
Powered by WPeMatico
Bad news continues to dominate crypto media headlines but Bitcoin and the wider market appear to not care.
Powered by WPeMatico
Genesis CEO Barry Silbert should have come clean after FTX imploded. Instead, he’s still deflecting responsibility for his company’s bankruptcy.
Powered by WPeMatico
ETH price struggles to flip $1,700 to support, but key derivatives data show bulls making plans to break through the resistance.
Powered by WPeMatico
A lawyer for Genesis is optimistic it can resolve creditor disputes before the week is out while the firm could exit bankruptcy proceedings in four months.
Powered by WPeMatico
Genesis, a subsidiary of Barry Silbert’s Digital Currency Group, filed for Chapter 11 bankruptcy on Jan. 19. Its default could have big implications for the crypto industry.
Powered by WPeMatico
Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York.
Powered by WPeMatico
DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500 thousand would be a 39,900% return on its initial investment.
Powered by WPeMatico
Another one bites the dust? Reports suggest the initial filing could come later this week.
Powered by WPeMatico
Digital Currency Group, a venture capital firm that owns a stake in more than 200 crypto projects, announced the dividend halt while one of its subsidiaries is in financial strife.
Powered by WPeMatico