Genesis


Markets

First Mover Americas: FTX’s First Hearing, Genesis Seeks Help

The latest price moves in crypto markets in context for Nov. 23, 2022.

(Getty Images)

Finance

Genesis Global Capital Has Hired Investment Bank Moelis to Explore Options Including Bankruptcy: New York Times

Separately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis.

(Genesis Trading, modificado por CoinDesk)

Markets

Bitcoin Regains $16K, But Analysts Are Still Bearish

The cryptocurrency has rebounded after it hit a two-year low in the past 24 hours, although one analyst said $12,500 is possible by year end.

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Videos

Cathie Wood's Ark Invest Purchases $1.5M in Grayscale Bitcoin Trust Shares

Cathie Wood's Ark Investment Management bought 176,945 shares ($1.5 million) in Grayscale's Bitcoin Trust (GBTC) on Monday as the crypto market touched a two-year low. Genesis, Grayscale and CoinDesk are owned by Digital Currency Group. "The Hash" panel discusses what to make of Ark's latest crypto bets.

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Videos

FTX Fallout: Who’s Going Bankrupt Next?

Could Genesis be facing a fight for survival? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

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Markets

First Mover Americas: Bitcoin Drops as FTX Fallout Spreads

The latest price moves in crypto markets in context for Nov. 22, 2022.

FTX's collapse is having ripple effects across the crypto universe. (Leon Neal/Getty Images)

Finance

Genesis Bankruptcy Jitters Send Bitcoin to Fresh Low

The troubled crypto brokerage is in talks with potential investors for at least $1 billion in fresh capital, according to a Bloomberg report.

(Genesis Trading, modificado por CoinDesk)

Markets

Bernstein Says Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global

If Genesis is forced to file for bankruptcy, creditors will have no claim on GBTC assets, the report said.

Grayscale CEO Michael Sonnenshein (CoinDesk archives)

Markets

‘Grayscale Discount’ Widens to Record 43% as FTX Contagion Spreads

The added pressure comes after Genesis Global Capital – a corporate sibling to bitcoin trust manager Grayscale Investments – halted customer withdrawals from its lending unit this week.

GBTC has reached a record discount of 43% relative to the price of bitcoin. (Ycharts)