Tag: Genesis
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 [...]
DCG Calls Out Genesis’ Settlement With New York as ‘Subversive’
Jason Brown, a former co-chief deputy of the attorney general's office and a former senior federal attorney in New York, backed DCG's objection to the [...]
New York Expands Fraud Case Against Digital Currency Group to $3 Billion
"The fraud and deceit were so expansive that many additional people have come forward to report similar harm," James said in a statement. "This illega [...]
Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings
Nearly $1.4 billion of Genesis’ assets were held in Grayscale Bitcoin Trust (GBTC), which has since converted to become a spot exchange-traded fund (E [...]
Sotheby’s Auction Nets $254K for ‘Genesis Cat’ From Taproot Wizards
"His research delves into the material history of computer-generated graphics, examining digital imaging from historical and conceptual perspectives," [...]
Genesis Global Trading Pays $8M to Settle New York Lawsuit
Genesis has faced a slew of legal troubles since last year. In January, the Securities Exchange Commission (SEC) charged Genesis with selling billions [...]
The Genesis Block: The First Bitcoin Block
Satoshi Nakamoto mined the Genesis Block on Jan. 3, 2009. That was three months after the pseudonymous inventor published the Bitcoin white paper in a [...]
DCG Cannot Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules
The carryforwards can be used to decrease Genesis’ federal income tax liability in current and future years, the motion said, adding that could “trans [...]