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Genesis Capital's Settlement Disrupted by Creditors
Digital currency company Genesis Capital’s settlement process has been disrupted by creditors, raising concerns about the timing of the process. Genesis’ parent company, Digital Currency Group (DCG), has filed a motion for mediation, citing renewed demands from creditors. (Read More)
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Report: Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital
Report: Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to pause withdrawals. He added Luno customers still have access to funds in the savings wallet despite its lending partner’s decision to freeze withdrawals. Customers Retain Access to Funds in the…
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SBF leads $50M funding round to bring DeFi to Maps.me's 140M users
SBF leads $50M funding round to bring DeFi to Maps.me’s 140M users
A travel and mapping application with 140 million users worldwide has raised $50 million to integrate decentralized finance protocols into its platform.
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SBF leads $50M funding round to bring DeFi to Maps.me's 140M users
SBF leads $50M funding round to bring DeFi to Maps.me’s 140M users
Leading offline mapping application Maps.me has conducted a $50 million seed funding round to embed decentralized finance tools onto its platform. The funding round for “Maps.me 2.0” was led by Sam Bankman-Fried of Alameda Research and also featured participation from crypto venture heavyweights CMS Holdings and Genesis Capital. Maps.me 2.0 will be a wide-ranging application, featuring travel…
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Genesis’ Lending Surges Again in Q2 – and Not Just in Crypto Genesis Global Trading’s crypto-related lending business remains on a growth tear – especially its loans of U.S.
Compared to Traditional Banks, Crypto Lenders See Booming Growth
Compared to Traditional Banks, Crypto Lenders See Booming Growth
A lukewarm U.S. economy is making big banks like JPMorgan Chase struggle to produce fast loan growth – even with interest rates close to historic lows. Yet, in the white-hot cryptocurrency industry, lenders are burgeoning.
The Commerce Department reported Thursday that U.S. gross domestic product rose at a 2.1 percent annual pacein the fourth quarter, on par with the third quarter’s clip, even…
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Genesis Capital Records $870 Million in Q3 Loans as Centralized Crypto Lending Market Widens
Genesis Capital Records $870 Million in Q3 Loans as Centralized Crypto Lending Market Widens
Genesis Capital, an institutional crypto lending company, has seen a 38 percent increase in loans originated from Q2 this year, with $870 million worth of loans given out. As per their Q3 insights report, total originations in the last one and a half years stands at a whopping $3.1 billion, October 31, 2019. Crypto CreditRead More
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Genesis Clocks Quarterly Surge in Cash and Stablecoin Lending Genesis Capital saw another jump in cash and stablecoin lending this quarter. The lending arm of the over-the-counter trading subsidiary of Digital Currency Group (DCG) …
