Genesis entity going up for sale as DCG makes creditor pact
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. Go to Source Powered by WPeMatico
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Total crypto market cap rises above $1T, and data suggests more upside is in store
Bad news continues to dominate crypto media headlines but Bitcoin and the wider market appear to not care. Go to Source Powered by WPeMatico
Opinion: Barry Silbert keeps quiet as Genesis goes down in flames
Genesis CEO Barry Silbert should have come clean after FTX imploded. Instead, he’s still deflecting responsibility for his company’s bankruptcy. Go to Source Powered by WPeMatico
Ethereum futures and options data reflect investors’ growing confidence in ETH price
ETH price struggles to flip $1,700 to support, but key derivatives data show bulls making plans to break through the resistance. Go to Source Powered by WPeMatico
Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May
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. Go to Source Powered by WPeMatico
Opinion: Digital Currency Group’s Genesis implosion: What comes next?
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. Go to Source Powered by WPeMatico
Crypto lender Genesis files for bankruptcy
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. Go to Source Powered by WPeMatico
CoinDesk could be up for grabs as parent company DCG scrambles for funds
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. Go to Source Powered by WPeMatico
Genesis is planning to file for bankruptcy: Report
Another one bites the dust? Reports suggest the initial filing could come later this week. Go to Source Powered by WPeMatico
Digital Currency Group halts dividends in an effort to preserve liquidity
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. Go to Source Powered by WPeMatico
