Tag: Genesis
Police Arrests Two People Related to $243M Crypto Heist Targeting Genesis Creditor
Two people have been arrested following an investigation into a $243 million heist of a creditor of defunct trading firm Genesis, according to blockch [...]
Bitcoin Price (BTC) Hit by Slumping Nasdaq, Genesis Trading Coin Movement
Having already suffered the sale of 50,000 bitcoin by the German government in early July, the beginning of distributions from bankrupt exchange Mt. G [...]
DCG, Top Executives Renew Push to Get New York AG’s Civil Fraud Suit Dropped
Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top executives – CEO and founder Barry Silbert and Soichiro “Michael” Moro [...]
New York AG Pushes Back Against DCG, Silbert’s Motion to Dismiss Fraud Case
DCG and Silbert have denied that the promissory note was a sham. In their motions to dismiss, lawyers for DCG and Silbert claimed that the note was fu [...]
Gemini Announces Full Recovery of Earn Users’ Digital Assets
"From the start, Gemini’s goal was to obtain the return of 100% of its users’ digital assets from Genesis, and Gemini was dedicated to a coin-for-coin [...]
NYAG Takes Victory Lap as Court Approves Genesis Settlement
“This historic settlement is a major step toward ensuring the victims who invested in Genesis have a semblance of justice," Attorney General Letitia J [...]
Genesis Set to Return $3B Customer Assets in Finalized Bankruptcy Liquidation Plan
Bankruptcy claims began trading at 35% of account balance value when they were initially listed on claim trading marketplace Xclaim
www.coindesk.com [...]
SEDA, Data and Computation Network, Launches Mainnet Genesis
April 24: SEDA, a data transmission and computation network that enables a permissionless environment for developers to deploy data feeds, announced t [...]
Genesis Completes Redemption of GBTC Shares, Buys 32K Bitcoins with Proceeds
On Feb. 15, Genesis received permission from a New York bankruptcy court to sell the nearly 36 million shares in GBTC, as well as additional shares in [...]
Hyundai’s Genesis brand is a dark horse in U.S. luxury vehicle market
NEW YORK — When Hyundai Motor launched its Genesis luxury brand domestically in 2016, many were skeptical the South Korean automaker — recognized main [...]
Hyundai’s Genesis previews all-electric SUV concept, the Neolun
Genesis Neolun ConceptGenesisNEW YORK – Hyundai's Genesis is previewing the future of the growingly prominent luxury brand with a new large all-electr [...]
Genesis to Pay SEC $21M Penalty to Settle Charges Over Gemini Earn Product
The bankrupt crypto lender Genesis Global Capital has agreed to a final judgment ordering it to pay $21 million to settle charges with the U.S. Securi [...]
Judge Rules Against Gemini, Genesis Motion to Dismiss SEC Case Against Earn Product
Gemini Earn was first available to retail customers in February 2021, offering as much as 8% interest on crypto tokens invested through the program. A [...]
DCG’s Barry Silbert Pitched Genesis and Gemini Merger in 2022 in a Drastic Bid to Save the Lender
In an email from Oct. 20, 2022, Silbert described a lunch meeting with Winklevoss where he discussed the challenges facing Genesis and, by extension, [...]
Winklevoss Twins’ Gemini Promises to Return $1.1B to Earn Customers in NYDFS Settlement
"In addition to Gemini's failures related to Earn, the Department's investigation revealed that Gemini engaged in unsafe and unsound practices that ul [...]