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.
TheBlockDCG’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.
decryptBankruptcy may be inevitable if a bailout cannot be secured.
BeincryptoThe 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.
Beincrypto
NulltxCryptoVoxels will be the home of the Spells of Genesis trading card exhibit as NFT galleries become increasingly commonplace in the metaverse.
Cointelegraph