Genesis
DCG Reaches In-Principle Deal With Genesis Creditors
Court filings reveal that Digital Currency Group (DCG) has reached an in-principle deal with Genesis creditors to resolve the claims brought up in the crypto lender's bankruptcy. The plan could result in recoveries of 70% to 90% in USD equivalent for unsecured creditors and 65% to 90% recovery on an in-kind basis. "First Mover" hosts Jennifer Sanasie and Amitoj Singh weigh in. DCG is the parent company of Genesis Global and CoinDesk.
Naabot ng DCG ang Mahalagang In-Principle Deal Sa Genesis Creditors, Maaaring Hanggang 90% ang Mga Pagbawi
Ang plano ay maaaring magresulta sa mga pagbawi ng 70% hanggang 90% sa katumbas ng USD para sa mga hindi secure na nagpapautang at 65% hanggang 90% na pagbawi sa isang in-kind na batayan.
Powell Says Fed Is 'Prepared to Raise Rates'; Mastercard, Binance Back Away From Crypto Card Partnership
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as Federal Reserve Chair Jerome Powell addresses the current state of inflation at the Kansas City Fed’s Jackson Hole Economic Policy Symposium. Mastercard and Binance are ending their crypto card partnership. Plus, customer data of bankrupt crypto exchange FTX, Genesis and lender BlockFi have been compromised due to a hack.
Bitcoin Slumps Below $28K; Genesis, FTX Strike Deal for $175M Bankruptcy Claim
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as bitcoin (BTC) trades below $28,000. FTX’s Alameda Research strikes a deal with bankrupt crypto company Genesis, according to new court filings. Valkyrie Digital Assets is doubling down on ether futures products. And, a closer look at where is PayPal pressing pause on crypto transactions.
Genesis, FTX Strike Deal para sa $175M Bankruptcy Claim
Bagama't isang matalim na pagbaba mula sa orihinal na inaangkin na $4 bilyon, umaasa ang mga abogado na hahayaan silang magpatuloy sa pagwawakas ng mga estate.
Sinabi ng DCG na Nakikita Nito ang Paglutas ng Genesis Kabanata 11 Malapit nang Pagkalugi
Ang Digital Currency Group ay nagkomento sa muling pagsasaayos sa isang sulat ng mamumuhunan.
Naabot ng FTX at Genesis ang Kasunduan sa Patuloy na Pagtatalo sa Pagkalugi
Ang Crypto lender na Genesis Global Capital ay ang pinakamalaking unsecured creditor ng FTX, na may $226 milyon sa mga claim.
Legal Expert Weighs in on Gemini's Lawsuit Against DCG
Crypto firm Gemini sued Digital Currency Group last week, alleging the industry conglomerate and its founder Barry Silbert committed "fraud" through DCG subsidiary Genesis, which held funds for Gemini tied to the latter company's Earn program. Hodder Law Firm Managing Partner Sasha Hodder discusses the key takeaways. Plus, what to make of Twitter threatening to sue Facebook parent company Meta over the Threads app. CoinDesk and Genesis are both owned by DCG.
Cameron Winklevoss Says Gemini Filed Lawsuit Against Digital Currency Group
Crypto trust firm Gemini is suing Digital Currency Group, alleging the industry conglomerate and its founder Barry Silbert committed "fraud" through DCG subsidiary Genesis. "The Hash" panel discusses the latest developments, as DCG calls Gemini's latest legal action "baseless" and "defamatory." Both CoinDesk and Genesis are owned by DCG.
Binago ng Crypto Lender Genesis ang Plano sa Reorganisasyon habang Nagpapatuloy ang Mediated Talks
Ang na-update na plano mula sa mga mediated na talakayan sa parent company na DCG ay nagpapakita ng "malaking kasunduan" sa ilang mahahalagang isyu.
