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Genesis
Bankrupt Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors: Source
The term sheet includes "an equitization of the 10-year promissory note that DCG gave Genesis in return for the 3AC claims," a person familiar with the situation said.
Crypto Exchange Gemini Emphasized FDIC Insurance in Communications With Earn Customers: Report
Gemini reportedly repeatedly implied that the assets of customers using its Earn product were safe thanks to being backed by the Federal Deposit Insurance Corp.
'Bitcoin Jesus' Says He Has the Money to Pay Crypto Lender Genesis
Roger Ver, the blockchain-industry veteran once known as “Bitcoin Jesus” thanks to his early evangelism for the cryptocurrency, said Wednesday that he has “sufficient funds” to make good on payments allegedly owed to the crypto lending firm Genesis Global. Genesis is a subsidiary of Digital Currency Group (DCG), a crypto conglomerate that also owns CoinDesk.
'Bitcoin Jesus' Says He Has the Money to Pay Ailing Crypto Lender Genesis
Roger Ver, an early Bitcoin advocate who now advocates for the Bitcoin Cash blockchain, has been accused in court by Genesis of failing to settle cryptocurrency options, with $20.9 million of damages sought.
Founders of Gemini-Owned NFT Marketplace Nifty Exchange Are Leaving the Company
The move comes amid wider problems and recent layoffs at Gemini.
Genesis Seeks $20.9M From ‘Bitcoin Jesus’ Over Crypto Options Trades That Weren’t Settled
The court action seeks damages from Bitcoin Cash backer Roger Ver related to the alleged failure to settle cryptocurrency options transactions that expired on Dec. 30, 2022.
Rep. Davidson on Crypto Regulation: SEC Is 'Asleep at the Wheel'
Rep. Warren Davidson (R-Ohio), Vice Chair of the Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, discusses the outlook for crypto regulation in the wake of Genesis' crypto lending businesses filing for bankruptcy. Plus, the future of CBDCs and stablecoins. DCG is the parent company of Genesis and CoinDesk.
Lawyers for Genesis and Its Creditors Are ‘Optimistic’ for a Quick Resolution to Bankruptcy Woes
Attorneys from all parties at Monday’s First Day hearing lauded “around-the-clock” efforts undertaken to resolve the brokerage’s disputes with its creditors.
