Genesis
GBTC Discount Widening Amid Genesis' Chapter 11 Filing
CoinDesk Managing Editor of Tech Brad Keoun joins "All About Bitcoin" to discuss bitcoin's reaction to Genesis’ crypto lending businesses filing for bankruptcy protection and the widening GBTC discount. DCG is the parent company of Genesis, Grayscale, and CoinDesk.
Bitcoin Holds Firm Over $21K as DCG Responds to Genesis' Chapter 11 Filing
The price of bitcoin is remaining calm, after Genesis’ crypto lending businesses file for bankruptcy protection. In a statement on Friday, DCG said that neither it nor any of its employees, including those on Genesis’ board of directors, were involved in the decision to file for bankruptcy, and that DCG would continue to operate “business as usual." DCG is the parent company of CoinDesk and Genesis.
Bankrupt Crypto Lender Genesis Claims $5.1B in Liabilities
Crypto lending firm Genesis held $5.1 billion in liabilities in the weeks following its freeze on withdrawals last November, according to court documents signed by interim CEO Derar Islim. This comes as three of the institutional crypto brokerage's entities filed for Chapter 11 protection late Thursday. "The Hash" panel discusses the latest in Genesis' bankruptcy. DCG is the parent company of CoinDesk and Genesis.
Genesis’ Crypto Lending Businesses File for Bankruptcy Protection
Genesis Global Holdco LLC, the holding company of troubled cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection in New York after being pummeled by two of 2022's biggest industry collapses. CoinDesk News Desk Managing Editor Danny Nelson discusses what we know so far. DCG is the parent company of CoinDesk and Genesis.
La società di trading Cripto Cumberland DRW contesta l'esposizione a Genesis
La società con sede a Chicago è stata elencata tra i creditori di Genesis per un importo di 18 milioni di dollari, ma Cumberland ha detto che è troppo alto. Il documento include "informazioni fuorvianti e non corrette", ha twittato Cumberland.
Bitcoin Falls From Multi-Month High, Crypto-Related Stocks Pull Back
Earlier Wednesday, bitcoin (BTC) reached its highest point before the FTX collapse. Brad Keoun, CoinDesk Managing Editor of Tech and Protocols, discusses the latest price movement for the largest cryptocurrency by market capitalization, as Bloomberg reports Genesis is in confidential negotiations with various creditor groups, with the company warning it could seek bankruptcy protection if it fails to raise capital. Keoun also weighs in on Grayscale Bitcoin Trust discount narrowing. DCG is the parent company of Grayscale, CoinDesk, and Genesis.
Bitcoin on Pace for Best Weekly Performance Since March
Bitcoin (BTC) is trading near $19,500 as the early 2023 rally pumped the price to a two-month high. CoinDesk's Managing Editor of Markets Brad Keoun discusses bitcoin's recent price actions, macro influence on the markets and short-term outlook for bitcoin. CoinDesk and Genesis are sister companies owned by Digital Currency Group (DCG).