Genesis

Video

Binance

Binance to Pause US Dollar Bank Transfers This Week; Genesis, DCG Reach Initial Agreement With Main Creditors: Source

Crypto exchange Binance is temporarily suspending U S dollar bank transfers starting on Wednesday Binance's U S division Binance US is not affected by the suspension according to a tweet from Binance US Customer Support Separately crypto conglomerate Digital Currency Group DCG and its bankrupt Genesis subsidiaries reached an in principle agreement on terms of [...]

By CoinDesk Staff

Sponsored

Feb 6, 2023 at 9:43 p.m. UTC

Feb 6, 2023

BinanceDCGGenesisDigital Currency Groupcdtvaab clip

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Podcasts

The breakdown

Would a Genesis/DCG Deal With Creditors End the Crypto Contagion?

According to sources, an in-principle agreement has been reached.

By Nathaniel Whittemore

Sponsored

Feb 6, 2023 at 9:12 p.m. UTC

Feb 6, 2023

The BreakdownPodcastsGenesisGeminiBankruptcyDCG

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Finance

Dcg

Bankrupt Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors: Source

The term sheet includes "an equitization of the 10-year promissory note that DCG gave Genesis in return for the 3AC claims," a person familiar with the situation said.

By Ian Allison

Sponsored

Feb 6, 2023 at 5:42 p.m. UTC

Feb 6, 2023

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Policy

Gemini

Crypto Exchange Gemini Emphasized FDIC Insurance in Communications With Earn Customers: Report

Gemini reportedly repeatedly implied that the assets of customers using its Earn product were safe thanks to being backed by the Federal Deposit Insurance Corp.

By Jamie Crawley

Sponsored

Jan 30, 2023 at 12:56 p.m. UTC

Jan 30, 2023

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Podcasts

Consensus

Where Do Metaverses Go From Here?

Tech futurist Cathy Hackl breaks down the key trends in metaverse development. Plus: Genesis news and Policy Week. [reward]03782508-9608-4f1c-8973-591e65bc35a8[/reward]

By Ben SchillerDanny NelsonCam Thompson

Sponsored

Jan 26, 2023 at 1:00 p.m. UTC

Jan 26, 2023

ConsensusPodcastGenesisMetaversePolicy Week 2023

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Video

Blockchain

'Bitcoin Jesus' Says He Has the Money to Pay Crypto Lender Genesis

Roger Ver the blockchain industry veteran once known as Bitcoin Jesus thanks to his early evangelism for the cryptocurrency said Wednesday that he has sufficient funds to make good on payments allegedly owed to the crypto lending firm Genesis Global Genesis is a subsidiary of Digital Currency Group DCG a crypto conglomerate that also owns [...]

By CoinDesk Inc

Sponsored

Jan 25, 2023 at 7:02 p.m. UTC

Jan 25, 2023

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Tech

Bitcoin cash

'Bitcoin Jesus' Says He Has the Money to Pay Ailing Crypto Lender Genesis

Roger Ver, an early Bitcoin advocate who now advocates for the Bitcoin Cash blockchain, has been accused in court by Genesis of failing to settle cryptocurrency options, with $20.9 million of damages sought.

By Bradley Keoun

Sponsored

Jan 25, 2023 at 6:12 p.m. UTC

Jan 25, 2023

Bitcoin CashRoger VerBitcoinGenesisBankruptcy

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Web3

Nifty gateway

Founders of Gemini-Owned NFT Marketplace Nifty Exchange Are Leaving the Company

The move comes amid wider problems and recent layoffs at Gemini.

By Cam Thompson

Sponsored

Jan 25, 2023 at 4:00 p.m. UTC

Jan 25, 2023

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Tech

Lawsuit

Genesis Seeks $20.9M From ‘Bitcoin Jesus’ Over Crypto Options Trades That Weren’t Settled

The court action seeks damages from Bitcoin Cash backer Roger Ver related to the alleged failure to settle cryptocurrency options transactions that expired on Dec. 30, 2022.

By Bradley Keoun

Sponsored

Jan 24, 2023 at 10:11 p.m. UTC

Jan 24, 2023

LawsuitRoger VerNew YorkGenesisBankruptcy

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Video

Stablecoins

Rep. Davidson on Crypto Regulation: SEC Is 'Asleep at the Wheel'

Rep Warren Davidson R Ohio Vice Chair of the Financial Services Subcommittee on Digital Assets Financial Technology and Inclusion discusses the outlook for crypto regulation in the wake of Genesis crypto lending businesses filing for bankruptcy Plus the future of CBD Cs and stablecoins DCG is the parent company of Genesis and Coin Desk reward [...]

By CoinDesk Staff

Sponsored

Jan 24, 2023 at 3:47 p.m. UTC

Jan 24, 2023

StablecoinsDCGGenesiscdtvCBDCsFM Clipcrypto regulationState of CryptoStateCrypto_Sponsor

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