After reaching an agreement with the U.S. Securities and Exchange Commission (SEC), the bankrupt company Genesis Global Capital has submitted a petition to the bankruptcy court to dispose of holdings from Grayscale’s Bitcoin Trust, Ethereum Trust, and Ethereum Classic Trust. These assets are estimated to be worth approximately $ 1.59 billion, and the debtors …
Facing charges from the SEC over its crypto lending practices, Genesis has agreed to a $ 21 million settlement. This move aims to close a chapter of legal challenges following the company’s bankruptcy filing last year amid a wider crypto market collapse. Genesis Strikes $ 21 Million Deal With SEC to Resolve Lawsuit …
“Genesis Cat,” a 1-of-1 digital artwork in the Quantum Cats collection on the Bitcoin blockchain, has achieved a remarkable sale price of $ 254,000 along with several other notable sales at a recent Sotheby’s auction. ‘Genesis Cat’ Fetches Over Quarter Million Dollars in Sotheby’s Sale “Genesis Cat,” a unique piece of digital art created …
According to the New York State Department of Financial Services (DFS), Genesis Global Trading has agreed to a settlement fine of $ 8 million and will forfeit its New York state Bitlicense as part of the agreement over compliance failures. Adrienne Harris, the DFS Superintendent said Genesis displayed a “demonstrated a disregard for the …
After the enigmatic transaction on Jan. 5, 2024, in which an unidentified bitcoin wallet transferred 26.917 bitcoin worth $ 1.19 million to Satoshi Nakamoto’s Genesis wallet, there has been a surge of about 34 dust transfers to the same address in the past 24 hours. A Slew of Micro Transactions Trails Million-Dollar Mystery Gift …