News
Stay updated with the latest blockchain and cryptocurrency news, trends, and insights from MENA and globally. Explore breaking stories, in-depth analysis, and industry updates on UNLOCK Blockchain.
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Bitcoin Dips Below $63K as Genesis Distributes Assets Following Bankruptcy
Bitcoin has dropped below $63,000, falling as much as 3.5% to $62,411 amid market risk aversion and news that Genesis…
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Genesis Sells GBTC Shares, Acquires 32K Bitcoins for Debt Settlement
Genesis Global Capital said Friday it has finished monetizing its Grayscale Bitcoin Trust shares and used the proceeds to buy 32,041 Bitcoin, which…
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Genesis Global Settles SEC Lawsuit for $21 Million
Bankrupt firm Genesis Global Holdco and its affiliates have finally announced a settlement with the United States Securities and Exchange…
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Genesis Settles with NYDFS: Forfeits BitLicense and Pays $8M Fine
Genesis Global Trading, a subsidiary of Digital Currency Group (DCG), a prominent cryptocurrency conglomerate, has come to an agreement with…
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Genesis and DCG Settle $620M Lawsuit with Repayment Deal
In a bid to resolve a lengthy legal battle, bankrupt crypto lender Genesis and its parent company, Digital Currency Group…
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Gemini Slams DCG and Genesis Bankruptcy Plan as Deceptive and Inadequate
Cryptocurrency exchange Gemini has voiced strong objections to a bankruptcy recovery plan associated with its lending program partner, Genesis. In…
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Genesis Halts Crypto Trading Services Amid Credit Agreement with DCG
Genesis has made a significant announcement regarding the cessation of its crypto trading services, encompassing both digital asset spot and…
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NY Attorney General Probes Digital Currency Group’s Dealings with Genesis Global Capital
Bloomberg’s report on Aug. 4 reveals that the New York Attorney General is currently investigating Digital Currency Group (DCG), a…
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Crypto Exchange FTX and Genesis Agree on Preliminary Settlement in Bankruptcy Case
FTX, a crypto exchange facing bankruptcy, and Genesis, a crypto lending company also undergoing bankruptcy, have come to a tentative…
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FTX Pursues $4B in Funds from Bankrupt Lender Genesis in Legal Dispute
Cryptocurrency exchange FTX is attempting to retrieve approximately $4 billion from Genesis, a bankrupt crypto lender, and a solvent British…
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