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Genesis

Video

Binance's Bitcoin Reserves Are Overcollateralized: Report; Genesis Developments

Binance released a new report from global financial audit tax and advisory firm Mazars showing that its customer bitcoin BTC reserves are overcollateralized However the assessment is not an official audit according to Francine Mc Kenna lecturer in financial accounting at The Wharton School at the University of Pennsylvania Plus Genesis interim CEO Derar Islim [...]

By CoinDesk Staff

Dec 7, 2022 at 9:36 p.m. UTC

Dec 7, 2022

BinanceGenesiscdtvaab clipWall StreetSignature BankDerar islimMazarsSbnyRaymond james

Finance

Genesis

Genesis Client Letter Suggests No Imminent Solution to Withdrawal Freeze

The institutional crypto brokerage has been in talks with creditors and potential investors since the collapse of exchange FTX.

By Lyllah Ledesma

Dec 7, 2022 at 4:38 p.m. UTC

Dec 7, 2022

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Video

Genesis

Lyn Alden on Crypto Industry Outlook After FTX Collapse

Lyn Alden, founder of Lyn Alden Investment Strategy and member of Swan Bitcoin's Board of Directors, discusses her crypto markets outlook as the fallout from FTX continues to ripple through the industry. "I wouldn't be surprised if another shoe [like Genesis] were to drop," Alden said.

By CoinDesk Inc

Dec 6, 2022 at 9:17 p.m. UTC

Dec 6, 2022

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Video

Nikhilesh de

Genesis Creditor Groups' Loans Amount to $1.8B and Counting: Sources

Customers whose money is locked up on trading and lending platform Genesis and who have taken legal advice on the matter currently account for some 1 8 billion of loans according to a Coin Desk source familiar with the situation Coin Desk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details Genesis and [...]

By CoinDesk Inc

Dec 5, 2022 at 4:00 p.m. UTC

Dec 5, 2022

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Markets

First mover

First Mover Americas: Axie Infinity's Token Takes Off

The latest price moves in crypto markets in context for Dec. 5, 2022.

By Lyllah Ledesma Omkar Godbole

Dec 5, 2022 at 1:34 p.m. UTC

Dec 5, 2022

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Finance

Genesis

Genesis Creditor Groups' Loans Amount to $1.8B and Counting: Sources

In addition to the previously reported group of Gemini customers owed $900 million, there are two other groups of Genesis creditors being represented by lawyers, CoinDesk has learned.

By Ian Allison

Dec 4, 2022 at 10:17 p.m. UTC

Dec 4, 2022

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Podcasts

Crypto Exchange Kraken Cuts 30% of Workforce; ECB Staffers Say Bitcoin Is on 'Road to Irrelevance'

The most valuable crypto stories for Wednesday, Nov. 30, 2022.

By Zack Seward Jennifer Sanasie William Foxley Wendy O

Nov 30, 2022 at 7:38 p.m. UTC

Nov 30, 2022

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Finance

Genesis

Genesis Creditors Hire Lawyers to Find Ways to Prevent Crypto Brokerage's Bankruptcy: Bloomberg

Genesis is in talks with creditors and potential investors, the report said.

By Greg Ahlstrand

Nov 30, 2022 at 3:31 a.m. UTC

Nov 30, 2022

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Video

Grayscale

Grayscale's Bitcoin Trust Shares Continue to Trade at a Discount

Bernstein Managing Director of Global Digital Assets Gautam Chhugani unpacks the outlook for Genesis and Grayscale's GBTC, amid the ongoing contagion concerns from the fallout of FTX. Grayscale Investments, which manages GBTC, Genesis and CoinDesk are owned by Digital Currency Group.

By CoinDesk Inc

Nov 29, 2022 at 6:42 p.m. UTC

Nov 29, 2022