Genesis

Genesis Is Preparing to File for Bankruptcy as Crypto Contagion Continues

Genesis Is Preparing to File for Bankruptcy as Crypto Contagion Continues
Genesis Is Preparing to File for Bankruptcy as Crypto Contagion Continues
January 18, 2023  |  Cryptocurrency

Cryptocurrency lender Genesis Global Capital reportedly could file for bankruptcy this week. Bloomberg reported Wednesday (Jan. 18) that the unit of Digital Currency Group (DCG)...

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SEC Charges Genesis and Gemini Following Crypto Collapse Contagion 
SEC Charges Genesis and Gemini Following Crypto Collapse Contagion 
January 12, 2023  |  Cryptocurrency

The Securities and Exchange Commission (SEC) has charged two cryptocurrency companies with offering unregistered securities. The complaint charges Genesis Global Capital and Gemini Trust Company...

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Genesis Reduces Headcount and Discusses Bankruptcy
Genesis Reduces Headcount and Discusses Bankruptcy
January 05, 2023  |  Cryptocurrency

Genesis Global Trading is reportedly considering filing for bankruptcy. The cryptocurrency lender has also laid off 30% of its staff across departments, The Wall Street...

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Wyre Reportedly Latest Victim of Crypto Winter
Wyre Reportedly Latest Victim of Crypto Winter
January 04, 2023  |  Cryptocurrency

Wyre is reportedly shutting down, the latest causality of an ongoing crypto downturn. “We’ll continue to do everything we can, but I want everyone to...

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Genesis Tells Clients It’s Working to Preserve Assets
Genesis Tells Clients It’s Working to Preserve Assets
January 04, 2023  |  Cryptocurrency

Genesis told clients it needs more time to fix its borrowing and lending intermediation business. “We remain focused on finding a solution for our borrowing...

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Crypto Exchange Gemini Seeks to Recover $900M Invested in Genesis
Crypto Exchange Gemini Seeks to Recover $900M Invested in Genesis
December 04, 2022  |  Cryptocurrency

Crypto broker Genesis owes $900 million to the Winklevoss twins’ Gemini exchange. A report Saturday (Dec. 3) by the Financial Times (FT) says brothers Tyler...

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Crypto Brokerage Genesis Tries to Raise Funds and Eyes Bankruptcy
Crypto Brokerage Genesis Tries to Raise Funds and Eyes Bankruptcy
November 22, 2022  |  Cryptocurrency

Cryptocurrency brokerage Genesis has reportedly said it may file for bankruptcy if it doesn’t raise at least $1 billion in new funding.  The firm has...

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Crypto Contagion Sends Coins and Companies Tumbling
Crypto Contagion Sends Coins and Companies Tumbling
November 22, 2022  |  Cryptocurrency

FTX continues to be an industry “market maker” from beyond the grave, as the realities of entangled counterparty risk rear their heads throughout the cryptocurrency...

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