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Tag: Genesis Global Trading

Crypto lending firm Genesis to cease offering crypto trading

Genesis has been providing trading services through its international Genesis Global Capital (GGC) division. Genesis allegedly owes...

Genesis Launches Lawsuit Against DCG to Recover $620M

Genesis Global Holdco LLC, the crypto lender in financial distress that filed for bankruptcy earlier this year, has launched a lawsuit against its parent...

Genesis Global Trading is Exiting the US Crypto Spot Market

Investors and crypto enthusiasts on the X platform (formerly Twitter) have been abuzz with questions and speculation after Genesis Global Trading announced it will...

Genesis Hits Parent Company DCG With $600 Million Lawsuits – Decrypt

Collapsed crypto company Genesis Global on Wednesday filed two lawsuits against Digital Currency Group (DCG) and Digital Currency Group International (DCGI) demanding the repayment...

GGT Shuts Down US Crypto Trading Desk

Genesis Global Trading, a subsidiary of Genesis Global, is set to close its US-focused spot crypto trading operations by the end of this month. This decision,...

Genesis Winds Down its US Spot Crypto Trading Operation

Genesis joins a number of other market makers scaling back crypto spot trading in the US. Posted September 5, 2023 at 4:17...

Genesis Global Trading to close its over-the-counter trading platform

Genesis Global Trading avoided Genesis bankruptcy earlier this year. Genesis is currently trying to raise funds to...

Fintech Layoffs Rock Asia in 2023: Who’s Next? – Fintech Singapore

The fintech industry in Asia has been experiencing a wave of layoffs in 2023 as several companies grapple with economic uncertainties, market downturns, and...

Gemini’s Winklevoss Demands $1.46B Settlement from DCG In EARN Product Tussle

Advertisement &nbsp &nbsp Gemini has escalated its conflict with Digital Currency Group (DCG) after approximately seven months since Genesis Global Trading, DCG’s lending arm,...

Tokenized FTX claim is used as collateral for a loan

A creditor of now-bankrupted crypto exchange FTX pledged a claim as collateral for a loan in the decentralized finance (DeFi) protocol Arcade. The transaction...

Gemini Warns Barry Silbert’s Digital Currency Group of $630M Default Risk

Mediation is underway to resolve the outstanding issues between DCG, Genesis, and Gemini.Per an update, Gemini, Genesis, and its parent company Digital Currency Group...

Bybit suspends USD bank transfers amid service outages

Bybit, a Dubai-based cryptocurrency exchange, has announced that it is temporarily suspending United States dollar (USD) deposits via bank transfers in response to “service...

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