Genesis Global Holdco filed for bankruptcy protection last month and unveiled the final details of a proposed plan to sell itself off alongside Genesis Global Trading to help parent Digital Currency Group DCG pay off some of the firm's creditors The Hash panel discusses the latest in Genesis bankruptcy process and what we know so [...]
Digital Currency Group (DCG) intends to sell its subsidiary Genesis' crypto trading business as well as its lending arm, which is restructuring through bankruptcy, a Genesis attorney said Monday as the company revealed a pact with creditors. Lumida CEO & Co-Founder Ram Ahluwalia shares his analysis. DCG is also the parent company of CoinDesk.
Earlier Monday, CoinDesk reported that DCG and Genesis had reached an agreement with a key group of creditors. Lumida CEO and co-founder Ram Ahluwalia discusses the potential outcomes for Digital Currency Group amid crypto winter. Genesis and CoinDesk are both owned by DCG.
Digital Currency Group DCG started selling holdings in several investment vehicles run by its subsidiary and digital assets manager Grayscale at a steep discount according to a Financial Times report citing U S securities filings This report comes after DCG and Genesis had reached an initial agreement with a key group of creditors Lumida CEO [...]
Crypto conglomerate Digital Currency Group DCG and its bankrupt Genesis subsidiaries reached an in principle agreement on terms of a restructuring plan with a group of the firm’s main creditors Coin Desk Global Policy Regulation Managing Editor Nikhilesh De discusses the terms of the proposed deal DCG is the parent company of Coin Desk and [...]