Genesis Global Capital Sued DCG: Can Fallen Lender Recover Creditors’ Funds?
The Genesis Litigation Oversight Committee filed two lawsuits against the parent company of Genesis Global Capital, hoping for a recovery.
Genesis Trading Moves 40,000 ETH, Suggesting Possible Asset Liquidation
By Leon Okwatch
These transfers come in the wake of a significant settlement Genesis reached with New York State.
Genesis Wins Court Approval to Refund $3B in Bankruptcy Case
With the approved plan to distribute $3 billion to customers, Gemini is poised to commence fund distributions to those affected by the Genesis liquidity crisis in 2022 through its Earn program.
Grayscale’s Q1 2024 Earnings Take Hit amid Bitcoin ETF Outflows
GBTC’s high management fees at 1.5% continue to hurt Grayscale as revenue of the firm remained flat in Q1 amid high redemptions from Bitcoin ETF.
20% of Swing State Voters Prioritize Crypto in Upcoming US Elections
By Bena Ilyas
The poll’s data shows crypto is top of mind for voters in swing Senate states and that a pro-crypto position is a net positive for policymakers and candidates.
Genesis Global Receives Court Approval to Sell $1.6B Worth of Grayscale Shares
By Tolu Ajiboye
Genesis now has legal approval to sell $1.6 billion in Grayscale shares, including GBTC and ETHE, even though DCG disagrees.
Bullish Pays Up to $80M to Acquire CoinDesk and Replaces Several Managers Including CEO Kevin Worth
By Tolu Ajiboye
The CoinDesk takeover by Bullish has resulted in a few changes, including the departure of the CEO among other key staff.
Digital Currency Group Reports $210M in Q4 2023 Revenue as Valuation Tops $4.4B
Digital Currency Group repaid more than $1 billion in debt during Q4 2023 as the litigation between DCG’s Genesis and the Gemini crypto exchange continues.
Polymer Labs Secures $23 Million in Series A Funding from Top Investors
Polymer Labs introduces an innovative solution for developers and businesses in Web3, facilitating projects in DeFi, NFTs, and real-world asset tokenization.
Grayscale Files Amended ETF Application Following Silbert’s Resignation
The amended ETF application came after a series of meetings between Grayscale and the SEC in December.
Grayscale Investments’ Top Executives Barry Silbert and Mark Murphy Resign from Board of Directors
In addition to top executives stepping aside from the board of directors, Grayscale Investments also filed an updated spot Bitcoin ETF application with the SEC on Tuesday.
Genesis Sues Gemini Seeking Return of $689M in Preferential Transfers
Genesis claims that, as market volatility increased, Gemini made significant withdrawal demands that harmed other creditors.
Justin Sun Reports Group’s Q3 2023 Revenue
Despite the impressive Q3 2023 performance, Sun acknowledged that the quarter was tough on the industry because of the Federal Reserve’s high interest rates and the declining industry’s revenue.
Grayscale Joins Hands with FTSE Russell to Unveil Crypto Sector Index Series
The Crypto Sector Index Series will include several indices tracking the prices of a bucket of different digital assets based on their use cases.
Gemini Withdrew $282M Worth of Earn Users’ Funds before Genesis Collapse
Gemini said that the recent report from New York Post is quite misleading and “pure fantasy”. The exchange added that all the funds belonged to its Earn users.