Cardano founder Charles Hoskinson recently stoked the excitement of the cryptocurrency world with a succinct yet evocative post on X stating, “Genesis is coming.” This proclamation was linked to an in-depth blog entry by Nicholas Frisby, a software engineer at IOHK, shedding light on the forthcoming Ouroboros Genesis protocol, a …
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In a recent development, US District Judge Edgardo Ramos has denied motions from cryptocurrency exchange Gemini and crypto lender Genesis to dismiss the case brought by the US Securities and Exchange Commission (SEC). The SEC alleges that both companies offered and sold “unregistered securities” through the Gemini Earn program. The …
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The initial distribution of cryptocurrencies such as XRP has always been a hot topic for investors in the crypto community. A lot of times, the discussions stem from the fact that investors believe there was some foul play at Genesis, where some people received an unfair share of the token …
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A recent Fortune Magazine report revealed that the New York Department of Financial Services (DFS) is set to announce a settlement with Genesis Global, a subsidiary of the crypto conglomerate Digital Currency Group (DCG). In a statement shared with Fortune, Superintendent Adrienne Harris expressed concerns about Genesis’ failure to maintain …
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The crypto industry needs a lot more work before it can go truly global. There are some positive steps that it is taking, and one of the major requirements is the integration of the pivotal realm of Decentralized Finance (DeFi) with traditional financial markets, which could lead to a substantial …
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[PRESS RELEASE – Bangkok, Thailand, November 2nd, 2023] In an era where “blockchain” is a highly searched and discussed term while the current cryptocurrency market is experiencing volatility and prices of digital assets are fluctuating. Nonetheless, there are still many investors and experts who believe that the crypto market is …
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New York Attorney General Letitia James has taken decisive action against major players in the cryptocurrency industry, filing a lawsuit against Gemini Trust, Genesis Global Capital, and Digital Currency Group (DCG). The legal action centers around Gemini Earn, a joint effort between Genesis and Gemini that offered investors significant returns …
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In the heart of El Zonte, El Salvador, a profound transformation is underway, captivating the global Bitcoin community. Bitcoin Beach, an innovative initiative, has not only changed lives but also paved the way for El Salvador’s historic Bitcoin legal tender law. The documentary “Dare to Dream: A Story From El …
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The accusations of vote-buying and manipulation have added complexity and uncertainty to the Genesis bankruptcy case. Bankrupt crypto lender Genesis Global Capital (GGC) is facing new charges from creditors that the proposed $175 million transaction with the insolvent FTX exchange is an attempt to manipulate the bankruptcy process through vote …
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In addition to the partial repayment agreement, DCG has also committed to paying an additional $275 million, disbursed in four installments after the date of the initial partial repayment. In a welcome development that has sent ripples through the crypto space, creditors of the defunct Genesis platform are set to …
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Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has filed a lawsuit against Digital Currency Group (DCG) and its founder Barry Silbert in a New York court on July 7. The company is seeking to recover the damages and losses incurred due to DCG’s and Silbert’s alleged “false, …
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Gemini seeks to exact its owed payment sum from Genesis parent DCG and is working with several creditors on a forbearance plan. Gemini Trust Company LLC recently said that Genesis parent DCG missed a $630 million loan payment last week. This development is the latest occurrence in the ongoing dispute …
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