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Latest Genesis News

Genesis buys $2.1b of Bitcoin after selling 36m GBTC shares

Troubled crypto lending firm Genesis has reportedly bought $2.1 billion worth of Bitcoin (BTC) after selling off approximately 36 million shares of the Grayscale Bitcoin Trust (GBTC).

2 weeks ago

Genesis agrees to pay $21m penalty to settle SEC charges

Genesis Global Capital will pay a $21 million fine and enter a permanent injunction to resolve the SEC’s allegations. Genesis will seek an injunction alleging that it offered and sold securities without proper registration, according to a March 19 SEC…

March 19, 2024 at 1:41 pm

Gemini, Genesis motions to dismiss SEC Earn complaint denied

A U.S. judge found that a lawsuit alleging securities violation by crypto companies Gemini and Genesis was plausible.

March 13, 2024 at 8:36 pm

Crypto exchange Gemini planned public debute via Genesis merger, court documents show

Winklevoss’ crypto exchange Gemini was exploring an option to merge with crypto broker Genesis to compete with Coinbase and FTX. In October 2022, just a month before FTX filed for bankruptcy, Gemini co-founder Cameron Winklevoss discussed at a lunch with…

March 8, 2024 at 8:09 am

Digital Currency Group submits request to cancel New York AG lawsuit

Digital Currency Group, its subsidiary Genesis Global Capital, and DCG's founder and CEO, Barry Silbert, filed motions to dismiss a lawsuit filed by the New York Attorney General.

March 6, 2024 at 4:29 pm

Grayscale continues Bitcoin sell-off on Coinbase with $175m transfer

Crypto asset manager Grayscale has made a strategic move by transferring 3,443.1 Bitcoin, amounting to over $175 million, to an address associated with the Coinbase exchange.

February 24, 2024 at 5:36 pm

DCG files objection in bankruptcy court, calls out Genesis’ settlement subversive

Digital Currency Group (DCG) opposes the settlement between the New York Attorney General and Genesis. DCG filed a new application following an agreement with the prosecutor and Genesis, a bankrupt crypto lender that was one of DCG’s companies. Company executives…

February 22, 2024 at 10:36 am

Genesis granted court permission to sell $1.6b Grayscale GBTC shares

Grayscale’s GBTC may experience new sell pressure and outflows following a ruling in the Genesis bankruptcy case on Feb. 14.

February 14, 2024 at 7:41 pm

New York extends lawsuit against DCG to $3b after Genesis settlement

New York Attorney General Letitia James has revised a lawsuit against DCG and its affiliate Gemini Trust Co., escalating the demand for restitution to $3 billion.

February 9, 2024 at 8:32 pm

Bankrupt lender Genesis Global strikes settlement over NY fraud claims

Genesis Global, a bankrupt cryptocurrency lender, has reached a settlement with New York Attorney General Letitia James over allegations of defrauding customers through its now-defunct Gemini Earn program. The latest settlement aims to return assets to former Earn customers and…

February 9, 2024 at 8:08 am

Bankrupt Genesis seeks to sell over $1b worth of Bitcoin trust shares

Genesis Global Capital, a subsidiary of the embattled Genesis Global Holdco, has petitioned the U.S. Bankruptcy Court for the Southern District of New York for permission to conduct a massive sale of its assets

February 4, 2024 at 6:50 pm

Genesis agrees $21m SEC settlement in Gemini Earn lawsuit

The SEC’s civil lawsuit against Barry Silbert-backed Genesis has ended in a mutual settlement amid bankruptcy proceedings for the defunct crypto service provider.

February 1, 2024 at 7:31 pm

Genesis to surrender BitLicense, pay $8m fine in NYDFS lawsuit

Genesis Global Trading has settled with New York’s Department of Financial Services after the regulator filed a $1 billion lawsuit in October 2023.

January 12, 2024 at 5:32 pm

Unidentified wallet sends $1.19m in Bitcoin to Satoshi Nakamoto’s Genesis address

An unidentified individual deposited 26.9 BTC into the Genesis wallet — the first wallet ever created by the pseudonymous entity known as Satoshi Nakamoto.

January 6, 2024 at 9:42 pm

DCG completes $1b payoff of short-term loans, Genesis gets $700m

DCG — a major player in supporting emerging financial systems — plans to forge ahead as it pledges dedication to financial obligations.

January 6, 2024 at 5:03 pm

Most notable crypto bankruptcies in 2023

Explore the list of crypto bankruptcies in 2023, including detailed insights into the collapse of major exchanges. It’s quite evident that crypto had one of its worst years in 2022. The cascading collapse of two industry giants, Terraform Labs (responsible…

December 29, 2023 at 2:36 pm