(Bloomberg) -- Bankrupt crypto lender Genesis Global Holdco LLC asked the judge overseeing its reorganization to appoint a mediator in order to save the outline of a deal with its parent, Digital Currency Group. Most Read from BloombergFox Fired Its Bigge
The motion complicates a bankruptcy case that seemed well on its way to being resolved two months earlier.
The move comes months after an initial agreement was reached between Genesis' creditors and its owner, DCG.
London based crypto exchange Luno, owned by the Digital Currency Group (DCG), is latest to show signs of contagion from ongoing market crisis.
Gemini, the crypto exchange business run by the Winklevoss twins, is hoping mediation will produce a swift resolution to negotiations with Digital Currency Group.
Genesis, Gemini, and crypto giant DCG have reached an agreement to settle outstanding issues raised as part of Genesis' bankruptcy filing earlier this month.
The crypto conglomerate also paid off a $350 million senior secured term loan, which was issued by a lender syndicate led by Eldridge.
Genesis, Gemini, and crypto giant DCG have reached an agreement to settle outstanding issues raised as part of Genesis' bankruptcy filing earlier this month.
The latest price moves in bitcoin (BTC) and crypto markets in context for May 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
(Bloomberg) -- The squabble between crypto billionaires Cameron and Tyler Winklevoss and Digital Currency Group’s Barry Silbert appears to be over, paving the way for a resolution of one of the industry’s biggest bankruptcies. An emerging accord may end a
According to a new report, Silbert's DCG, which runs the crypto broking agency Genesis, allegedly owes its creditors more than $3 billion.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
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