Gemini and Genesis are seeking the dismissal of a lawsuit filed in January by the Securities and Exchange Commission. The SEC accused the firms of the unregistered offer and sales of securities in the form of Gemini’s Earn lending program.
TheBlockGenesis creditors said the request raises various concerns for the committee as previous intercompany transactions are being investigated.
CryptoSlateDCG’s subsidiary underwent a second round of job cuts after being hit by FTX implosion.
cryptopotatoWe’ve now passed the second full week of 2023 and crypto fans’ patience and resilience have been rewarded with the first big price leaps in a long time.
decryptThe question of whether Genesis Trading and Digital Currency Group (DCG) will go bust currently hangs over the crypto and Bitcoin market.
BitcoinistGenesis has spent the past several days seeking at least US$1 billion (S$1.4 billion) in fresh capital.
OthersThis comes after the collapse of hedge fund Three Arrows Capital and crypto exchange FTX.
BeincryptoFinancial police in the Bahamas are working with the local securities regulator to investigate if any criminal conduct has occurred.
Others
NulltxCryptoVoxels will be the home of the Spells of Genesis trading card exhibit as NFT galleries become increasingly commonplace in the metaverse.
Cointelegraph