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Tag: Genesis Global Trading

Bybit halts USD bank transfers citing partner outages

Dubai-based crypto exchange Bybit has suspended United States dollar (USD) deposits via bank transfers in response to "service outages from a partner". Funds can...

Genesis Plans Sale to Help DCG Pay Off Creditors

Embattled crypto lender Genesis has unveiled a restructuring plan to help parent company Digital Currency Group (DCG) settle its dues with creditors. In a proposal...

Digital Currency Group plans restructuring to pay creditors of bankrupt Genesis unit

Digital Currency Group (DCG), the parent firm of failed crypto broker Genesis Global Capital, plans to transfer equity in another unit, Genesis Global Trading,...

Bankrupt Genesis Unveils Plan to Pay Back Creditors

Bankrupt crypto broker Genesis has filed details on how it will pay back its creditors.A Friday filing shows that Digital Currency Group (DCG) plans...

Genesis creditor reveals new proposed restructuring plan that will see creditors getting back

According to information provided by a Genesis creditor, the most recent suggested restructuring plan between Genesis, Digital Currency Group, and creditors would result in...

DCG to sell Grayscale holdings at a discount to pay creditors: report

Cryptocurrency conglomerate Digital Currency Group (DCG) has started to sell shares of its Grayscale cryptocurrency funds at a significant discount, according to U.S. securities...

Ending Months of Uncertainty, DCG and Genesis Reach Agreement

Digital Currency Group (DCG) and its subsidiary Genesis, a leading crypto lending platform that filed for Chapter 11 bankruptcy protection, have reached a preliminary...

Crypto Prices To Recover As DCG, Genesis, Gemini, And Creditors Reach Agreement

Crypto Prices News: Digital Currency Group (DCG) plans to sell Genesis Global Trading and bankrupt lending business Genesis Global Capital as part of...

Crypto Lender Genesis Reaches Principle Agreement With DCG and Creditors

On Feb. 6, Genesis announced that it has arrived at a global resolution that will “maximize value” for all Genesis clients and stakeholders. The...

Gemini, Genesis Reach $100 Million Agreement Over Earn Program

Gemini Earn users are a step closer to recovering their money with an agreement announced today between US cryptocurrency exchange Gemini, Genesis Global Capital,...

Crypto Lessons From 2022 The Industry Should Avoid in 2023

As any crypto industry observer surely knows, 2022 was one of the most turbulent years since Bitcoin hit mainstream notoriety and digital asset markets...

How much money will Sullivan & Cromwell make from the FTX cryptocurrency

The infamous legal firm Sullivan & Cromwell is reportedly on course to make a fortune as a result of its work on the bankruptcy...

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