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Genesis
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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7 Things We Wish Someone Had Told Us Before We Started Trading
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FXGT.com: Pioneering a New Era in Trading with Crypto
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
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FXGT.com: Pioneering a New Era in Trading with Crypto
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Genesis
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CryptoCurrency
Genesis vs. Gemini: $689 Million Lawsuit Unravels Cryptocurrency Drama
Court documents filed on November 21 indicate that the legal action aims to recover the sum.
The CEOs of both companies publicly clashed, accusing each other of non-cooperation.
Wednesday, 22/11/2023 | 10:29 GMT
by
Tareq Sikder
CryptoCurrency
Gemini Sues Genesis over $1.6 Billion Dispute in GBTC Shares
Genesis served as the primary lending partner for Gemini's Earn program.
An ongoing legal battle in the cryptocurrency industry involves Gemini, Genesis, and DCG.
Monday, 30/10/2023 | 10:13 GMT
by
Tareq Sikder
CryptoCurrency
NY Attorney General Sues Gemini, Genesis, and DCG for Alleged Billion-Dollar Fraud
Genesis and DCG are accused of attempting to hide $1.1 billion in losses.
Gemini allegedly misled investors about the safety of its program with Genesis.
Thursday, 19/10/2023 | 12:14 GMT
by
Jared Kirui
CryptoCurrency
Genesis’ Exit: Crypto Lender Shuts Down All Trading Operations
The crypto lender is handling disputes with FTX and Gemini.
The closure of its operations affects both U.S. and international trading desks.
Thursday, 14/09/2023 | 17:57 GMT
by
Jared Kirui
CryptoCurrency
DCG’s Payment Plan on Shaky Ground as Genesis Lender Group Objects
The Ad Hoc Group called the agreement "wholly insufficient."
DCG proposed paying $830M seven years after Genesis' Chapter 11 plan becomes effective.
Wednesday, 30/08/2023 | 16:21 GMT
by
Solomon Oladipupo
CryptoCurrency
FTX, BlockFI and Genesis’ Customer Data Exposed in “SIM Swapping Attack”
The crypto exchange, FTX said compromised customer data is “non-sensitive.”
However, the firm urged customers to be on high alert for scam emails.
Friday, 25/08/2023 | 18:36 GMT
by
Solomon Oladipupo
CryptoCurrency
FTX Softens $4B Demand, Strikes $175M Settlement with Genesis
Both parties reached the agreement 'in principle' on or around July 20.
Genesis raised over $350M in customer, avoidance and loan claims against FTX.
Thursday, 17/08/2023 | 16:04 GMT
by
Solomon Oladipupo
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CryptoCurrency
FTX and Genesis Global Strike Deal to Settle Bankruptcy Disputes
The crypto lender is reportedly owed USD $226 million by FTX.
FTX claims Genesis owes it USD $2 billion.
Friday, 28/07/2023 | 08:46 GMT
by
Jared Kirui
CryptoCurrency
Gemini Sues DCG, Founder Barry Silbert over Genesis’ Debit in Earn Program
The exchange said that DCG lied about absorbing Genesis' 3AC losses.
DCG in a statement called Gemini's lawsuit another 'publicity stunt'.
Friday, 07/07/2023 | 20:45 GMT
by
Solomon Oladipupo
CryptoCurrency
Dutch Crypto Exchange Bitvavo Expects at Least 80% Recovery from DCG
Genesis has reached an in-principle agreement with its creditors on a restructuring plan.
The DCG-owned crypto lender filed for bankruptcy protection on January 20th.
Tuesday, 07/02/2023 | 20:14 GMT
by
Solomon Oladipupo
CryptoCurrency
Barry Silbert's DCG Sells Grayscale Assets to Raise Funds
The company is selling the assets at half price.
The funds will be used to repay creditors of the bankrupt lending business.
Tuesday, 07/02/2023 | 10:51 GMT
by
Arnab Shome
CryptoCurrency
Crypto Lender Genesis Files for Bankruptcy in New York
Three companies have been named in the bankruptcy filings.
The lending business has estimated to have more than 100,000 creditors.
Friday, 20/01/2023 | 08:01 GMT
by
Arnab Shome
CryptoCurrency
Genesis is Reportedly Preparing to File for Bankruptcy within Days
It is one of the many companies to collapse along with FTX.
The SEC recently charged Genesis and Gemini for selling unregistered securities.
Thursday, 19/01/2023 | 08:10 GMT
by
Arnab Shome
CryptoCurrency
SEC Takes Gemini, Genesis to Court for Selling Unregistered Securities
Genesis halted the withdrawals amid a liquidity crunch.
It owes about 340,000 Gemini Earn customers almost $900 million.
Friday, 13/01/2023 | 08:29 GMT
by
Arnab Shome
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CryptoCurrency
US DoJ and SEC Are Reportedly Probing Digital Currency Group
The authorities have not filed any indictment yet.
A DCG spokesperson denied any knowledge of such investigations.
Monday, 09/01/2023 | 08:24 GMT
by
Arnab Shome
CryptoCurrency
Crypto Downzing Continues as Huobi Plans to Prune Workforce by 20%
Huobi wants "a very lean team" in the face of a bear market.
Genesis and Silvergate Capital have also announced job cuts.
Friday, 06/01/2023 | 22:28 GMT
by
Solomon Oladipupo
CryptoCurrency
Crypto Lender Genesis Seeks $1B Emergency Loan
The company sought the loan before pausing withdrawals.
A spokesperson confirmed that it is now in talks with potential investors.
Friday, 18/11/2022 | 09:24 GMT
by
Arnab Shome
FinTech
Accel Leads $45 Million Series B Funding in UK Fintech Genesis
Genesis has now raised $50 million since its first external capital injection in November 2018.
Monday, 15/03/2021 | 18:48 GMT
by
Aziz Abdel-Qader
Institutional FX
StoneX Picks Genesis for Digitisation of Middle Office Workflows
The company has selected Genesis low-code application platform to fully automate its middle office workflows.
Thursday, 11/02/2021 | 10:02 GMT
by
Bilal Jafar
Institutional FX
FDCTech to Fully Acquire Financial Services Firm Genesis
Both the companies have signed a non-binding letter of intent for the deal.
Wednesday, 10/02/2021 | 08:29 GMT
by
Arnab Shome
Executive Moves
Dan Torrey Is Secured as Lukka's New Head of Institutional Sales
Torrey brings more than twenty-five years of experience from Wall Street in sales, product and liquidity management.
Tuesday, 02/02/2021 | 10:23 GMT
by
Tom Hazan
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Technology
Brazil’s B3 Exchange Deploys Low-code Technology from Genesis
B3 taps into Genesis’ Proof-of-Concept (PoC) to process and test millions of real-time post-trading allocation messages.
Wednesday, 16/12/2020 | 07:59 GMT
by
Aziz Abdel-Qader
Institutional FX
Genesis Integrates Symphony’s Collaboration Platform
The integration brings secure and compliant messaging to Genesis’s low-code application platform for innovation projects.
Thursday, 19/11/2020 | 07:59 GMT
by
Aziz Abdel-Qader
Executive Moves
Genesis Recruits Martin Sreba as Global Head of Strategic Accounts
Sreba brings wide experience as a product strategist and in growing businesses.
Wednesday, 28/10/2020 | 11:04 GMT
by
Tom Hazan
Institutional FX
Citi Invests in Low-Code Application Provider Genesis
The terms and amount of investment are undisclosed.
Monday, 05/10/2020 | 10:37 GMT
by
Arnab Shome
See more
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