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On Monday, New York Attorney General Letitia James announced that her office has secured a $2 billion settlement with the bankrupt cryptocurrency firm Genesis Global. This agreement comes in response to allegations that…
U.S. Bankruptcy Judge Sean Lane approved Genesis Global’s Chapter 11 liquidation plan on Friday, enabling the bankrupt cryptocurrency lender to return approximately $3 billion in cash and crypto to its creditors. This ruling…
Today, one of the largest bitcoin mining companies in the world in terms of hash rate, Genesis Digital Assets (GDA), announced that it will gain access to 36 MW of power from the…
Key Takeaways Genesis Global Capital LLC agrees to a $21 million settlement with the SEC over unregistered securities charges linked to the Gemini Earn program. The settlement emphasizes the SEC’s focus on bringing…
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Key Takeaways Digital Currency Group (DCG) cleared all short-term loans with Genesis, including a $700 million payment. DCG demonstrated resilience by repaying over $1 billion in debts amidst the 2023 crypto market downturn….
Key Takeaways On its 15th Genesis Day, Bitcoin’s value dropped sharply by about $3,000 in just two hours. Matrixport revised its forecast, predicting delays in the SEC’s approval of Bitcoin spot ETFs. The…