Gemini and Bankrupt Lender Genesis Ask U.S. Court to Dismiss SEC Lawsuit Targeting Earn Program
The U.S. Securities and Exchange Commission alleged the two entities had sold unregistered securities through Gemini's Earn program.
CoindeskThe U.S. Securities and Exchange Commission alleged the two entities had sold unregistered securities through Gemini's Earn program.
CoindeskWe’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 beleaguered Gemini Earn program is now the linchpin in a new set of charges filed by the Securities and Exchange Commission against both Genesis and Gemini.
decryptFederal prosecutors in New York, along with the SEC, are investigating DCG for internal transfers at its lending subsidiary Genesis, Bloomberg reported on Friday.
decryptThe troubled crypto investment bank is in talks with potential investors for at least $1 billion in fresh capital, according to a Bloomberg report.
CoindeskGenesis and its parent company, Digital Currency Group (DCG), are under pressure, and there are growing concerns about their potential default.
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.
BeincryptoCryptoVoxels will be the home of the Spells of Genesis trading card exhibit as NFT galleries become increasingly commonplace in the metaverse.
Cointelegraph