JPMorgan: We Are Bullish on Digital Assets Into 2025
Global investment bank JPMorgan is bullish on cryptocurrency into 2025, driven by regulatory shifts and geopolitical tensions. Analysts suggest a Donald Trump re-election as the U.S. president could propel BTC higher, reinforcing the “debasement trade” as investors seek refuge in digital assets. With major liquidations behind and institutional support increasing, JPMorgan sees strong momentum for […]
Bullish Bitcoin traders better positioned for Friday’s $5.5B options expiry
Bullish Bitcoin options traders expect a hefty profit from Friday’s expiry now that Germany and Mt. Gox wallets have been emptiedThis post was originally published on this site
Genesis-labelled address moves $720M BTC to Coinbase, pointing to start of asset liquidations
Genesis Trading transferred over 12,600 Bitcoin to Coinbase over the past 30 days, two months after reaching a settlement with the state of New York.This post was originally published on this site
New York Recovers $50 Million From Gemini — Bans the Exchange From Crypto Lending in the State
New York Attorney General Letitia James has secured a $50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were unable to withdraw when the program collapsed. Additionally, Gemini is now banned from operating any crypto lending program in […]
NY Attorney General Secures $2 Billion Settlement With Bankrupt Crypto Lender Genesis
New York Attorney General Letitia James has secured a $2 billion settlement with bankrupt cryptocurrency firms Genesis Global Capital, Genesis Asia Pacific, and Genesis Global Holdco. The settlement, which requires bankruptcy court approval, will establish a victims’ fund to compensate over 29,000 New Yorkers who invested more than $1.1 billion through the Gemini Earn program. […]
New York AG reaches $2B settlement with Genesis ’for defrauded victims’
The attorney general’s office filed a lawsuit against Genesis in October 2023 for allegedly defrauding investors through the Gemini Earn program.This post was originally published on this site
New York AG reaches $2B settlement with Genesis ’for defrauded victims’
The attorney general’s office filed a lawsuit against Genesis in October 2023 for allegedly defrauding investors through the Gemini Earn program.This post was originally published on this site
Court Approves Crypto Lender Genesis’ $3 Billion Payout to Customers
Crypto lender Genesis Global obtained court approval Friday to return approximately $3 billion to its customers as part of its bankruptcy liquidation. U.S. Bankruptcy Judge Sean Lane approved Genesis’ Chapter 11 plan, overruling an objection from its equity owner, Digital Currency Group (DCG), which argued that repayments should be based on January 2023 cryptocurrency values. […]
Genesis Sells Grayscale Shares, Buys $2.17 Billion in Bitcoin for Customer Reimbursement
Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041 bitcoin, aimed at reimbursing its clientele. Genesis Liquidates Grayscale GBTC Holdings According to Bloomberg Law, court filings dated April 2 reveal that Genesis liquidated approximately […]
FTX, Genesis reach in-principle agreement to settle bankruptcy case
FTX and Genesis lawyers have sent a letter to the bankruptcy judge regarding a settlement agreement. This post was originally published on this site