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Digital Currency Group receives offers to buy CoinDesk: report

CoinDesk, an online cryptocurrency news site, has attracted potential buyers to take over the media outlet from Digital Currency Group amid market turmoil, Semafor...

Barry Silbert Addresses Genesis Liquidity and DCG’s Debt

Digital Currency Group (DCG) CEO Barry Silbert has addressed concerns about its subsidiary Genesis’s loan book and DCG’s ongoing debt to Genesis. In a letter...

DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North

Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that...

Barry Silbert: DCG Has a Liability to Genesis Global Capital of Around $575 Million

On Tuesday (22 November 2022), Barry Silbert, the founder and CEO of incubator and crypto-focused venture capital firm Digital Currency Group (DCG) talked about troubled crypto lender Genesis...

Genesis Global Denies Bankruptcy Rumors

.Over the past few weeks, the FTX disaster has taken everybody by surprise. The scandal keeps on shaking the industry in unexpected ways....

Binance Cites Conflict of Interest for Passing on Genesis Investment: Report

Binance has reportedly rejected an offer to invest in troubled crypto lending firm Genesis due to a potential conflict of interest some of its...

Genesis Warns of Bankruptcy If Funding Plans Fail: Report

Genesis Global Trading may be looking at filing for bankruptcy if it doesn’t acquire new funding, Bloomberg reported on Monday.The report, citing people with...

Barry Silbert’s DCG, Genesis Fallout Could Be Worse Than FTX, Here’s Why

Crypto trading firm Genesis’ exposure to bankrupt crypto firms FTX and Three Arrows Capital is pulling its parent Digital Currency Group (DCG) and...

Bitcoin holds steady over $16k amid widening FTX fallout

On Wednesday, the lending arm of Genesis Global Capital joined the list of firms caught in FTX fallout as it halted customer withdrawals. In...

Crypto Lender Genesis Is On The Chopping Block As Contagion Continues

Coinsmart. Europe’s Best Bitcoin and Crypto Exchange.Click Here Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here. Source: https://bitcoinmagazine.com/business/crypto-lender-genesis-contagion-continues

Confidential Doc Reveals Genesis Sought $1B Emergency Loan From Investors: WSJ

Crypto lending firm – Genesis – reportedly sought an emergency loan of $1 billion from investors before notifying its clients of suspending redemptions...

Genesis Global Capital Halts Bitcoin, Crypto Withdrawals

Cryptocurrency lender Genesis Global Capital has paused withdrawals and loan applications following the collapse of FTX Exchange, per a tweet from Genesis Trading.Genesis Global...

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