Home Tags Genesis
Genesis Global Holdco (GGH), the parent company of struggling crypto brokerage Genesis, has filed for bankruptcy protection.
The SEC has charged Genesis and Gemini for the unregistered offer and sale of securities to retail investors through the Gemini Earn crypto asset lending program.
Cryptocurrency brokerage Genesis reportedly owes creditors over $3bn, which is prompting its owner, Digital Currency Group (DCG), to sell assets in its venture portfolio to raise money.
Genesis, a cryptocurrency brokerage, is reportedly set to receive a $140m equity infusion from its parent company, Digital Currency Group, to support its balance sheet.
Genesis, which builds applications for financial markets organisations, has raised $200m in funding.
Genesis Global Technology has completed a strategic investment from Citi to support its innovation efforts for the Low-Code Application Platform (LCAP).
Circle, which is a software company helping businesses to use stablecoins and public blockchains, has raised $25m in a strategic investment from Digital Currency Group.