Genesis
Acreedores de Genesis y DCG proponen un plan para resolver los problemas de liquidez
El comité de acreedores espera recibir la respuesta de ambas compañías a finales de esta semana.
Genesis, DCG Creditors Propose Plan to Resolve Liquidity Issues, Gemini Says
The creditor committee expects to hear from Genesis and DCG by the end of the week.
Grayscale Bitcoin Trust Discount Touches Record 50%
"The Hash" panel discusses their take on Grayscale Bitcoin Trust (GBTC) shares hitting a record-high discount rate relative to the price of bitcoin (BTC), pushing past 50% for the first time. Genesis is a sister company of CoinDesk, owned by Digital Currency Group.
First Mover Americas: Cathie Wood’s Ark Buys More COIN; Do Kwon is in Serbia
The latest price moves in crypto markets in context for Dec. 12, 2022.
SBF's Alameda Research Secretly Funded Crypto Media Site 'The Block'; Crypto Contagion Concerns
Crypto media site The Block was secretly funded over the last two years by Sam Bankman-Fried’s Alameda Research, The Block confirmed on Friday. Bernstein reacted to Genesis’ extended withdrawal freeze, saying that saving Grayscale would cost a fortune for Digital Currency Group (DCG), which owns Genesis Trading, Grayscale and CoinDesk. Plus, details on Coinbase asking users to switch USDT for USDC and Bankman-Fried agreeing to testify before U.S. House Financial Committee.
First Mover Americas: It’s Time to Come Clean About Those Crypto Losses
The latest price moves in crypto markets in context for Dec. 9, 2022.
Bernstein Says Saving Grayscale Will Come at a Cost for Digital Currency Group
A feasible deal could involve a large minority partner or a buyout-like structure led by more strategic partners, Bernstein said.
Grayscale Bitcoin Trust Discount Widens to Record High Near 50%
The shares have not traded at a premium to bitcoin since March 2021.
Binance's Bitcoin Reserves Are Overcollateralized: Report; Genesis Developments
Binance released a new report from global financial audit, tax and advisory firm Mazars showing that its customer bitcoin (BTC) reserves are overcollateralized. However, the assessment is not an official audit, according to Francine McKenna, lecturer in financial accounting at The Wharton School at the University of Pennsylvania. Plus, Genesis interim CEO Derar Islim said resolution of his company’s lending unit’s withdrawal freeze is likely to be a matter of “weeks” rather than days. CoinDesk and Genesis share the same parent company.
Genesis Client Letter Suggests No Imminent Solution to Withdrawal Freeze
The institutional crypto brokerage has been in talks with creditors and potential investors since the collapse of exchange FTX.
