NYT: Genesis does not rule out bankruptcy
The financially troubled crypto lender Genesis Global Capital has hired investment bank Moelis & Company to study options, including bankruptcy. The New York Times reports, citing its own sources.Genesis Global Capital is a cryptocurrency lending firm.
NYT: Genesis does not rule out bankruptcy
The financially troubled crypto lender Genesis Global Capital has hired investment bank Moelis & Company to study options, including bankruptcy. The New York Times reports, citing its own sources.
Messari founder outlines best-case scenario for a struggling DCG
DCG can attract the necessary funding only when the obligations of the troubled OTC platform Genesis Trading are defined, capped, and not growing. This was stated by Messari founder and CEO Ryan Selkis.
WSJ: Binance declines to rescue Genesis Global Capital
The bitcoin exchange Binance will not invest in Genesis Trading amid the crypto-lending platform's search for emergency funding of $1 billion. The Wall Street Journal reports.
B2C2 plans to acquire Genesis Global Capital loan portfolio
The cryptocurrency OTC platform B2C2 plans to acquire a loan portfolio worth about $2.8 billion from the financially distressed rival Genesis Trading.
Genesis Global Capital Conducted the First OTC Block Trade in Bitcoin Futures
Genesis Global Capital, an institutional-investor-focused service, and market maker Akuna Capital conducted the first OTC trade of a large block of CME Bitcoin futures on a BTIC basis.
Genesis Global Capital lent $5.2 billion in Q3
Genesis Global Capital, a service aimed at institutional investors, reported activity for the third quarter of 2020. From July to September, the company issued cryptocurrency loans worth $5.2 billion.
Genesis Capital Doubles Crypto Loan Portfolio in a Quarter
Lender Genesis Global Capital, oriented to institutional investors, released a fresh quarterly report. For April–June, crypto loans issuance hit a record $2.2 billion, lifting the outstanding balance to $1.4 billion by early July. Yield farming was the driver.
Circle and Genesis to Develop DeFi Products Built on the USDC Stablecoin
Genesis Global Capital, the lending arm of Digital Currency Group, and the cryptocurrency company Circle, which manages the USD Coin (USDC) ecosystem within the Centre consortium, will join forces to create DeFi protocols built on the stablecoin.We use cookies to improve the quality of our service.
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