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.
DCG chega a acordo crucial em princípio com credores da Genesis, recuperações podem chegar a 90%
O plano pode resultar em recuperações de 70% a 90% em dólares equivalentes para credores não garantidos e 65% a 90% de recuperação em espécie.
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 $28,000. FTX’s Alameda Research strikes a deal with bankrupt crypto company Genesis, according to new court filings. Valkyrie Digital Assets is doubling down on ether futures products. And, a closer look at where is PayPal pressing pause on crypto transactions.
Genesis, FTX fecham acordo para reivindicação de falência de US$ 175 milhões
Embora seja uma queda acentuada em relação aos US$ 4 bilhões inicialmente reivindicados, os advogados esperam que isso lhes permita prosseguir com a liquidação de espólios.
DCG diz que vê a resolução da falência do Capítulo 11 da Genesis em breve
O Digital Currency Group comenta a reestruturação em uma carta aos investidores.
FTX e Genesis chegam a acordo em disputa de falência em andamento
A credora de Cripto Genesis Global Capital é a maior credora sem garantia da FTX, com US$ 226 milhões em reivindicações.
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.
O credor de Cripto Genesis altera o plano de reorganização enquanto as negociações mediadas continuam
O plano atualizado a partir de discussões mediadas com a empresa controladora DCG reflete um “acordo substancial” em várias questões importantes.
