Paul Aronzon, an independent director at Genesis, said: We have crafted a deliberate process and roadmap through which we believe we can reach the best solution for clients and other stakeholders. We look forward to advancing our dialogue with DCG and our creditors’ advisors as we seek to implement a path to maximize value and…
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A bankruptcy filing has been in the works for weeks after the bank froze all customer withdrawals on 16 November. The events followed the collapse of major crypto exchange FTX. The liquidity crisis also impacted Genesis’ partnership with Gemini, founded by the Winklevoss twins. The two companies had an agreement to offered a crypto lending…
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Furthermore, SEC highlighted that in November 2022, Genesis announced it will not allow its Gemini Earn investors to withdraw their crypto assets as it lacked sufficient liquid assets due to volatility in the crypto asset market. The US regulator claims that the Gemini Earn program is essentially an offer and sale of securities under applicable…
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Stephen Murphy, CEO of Genesis, said: Billy's proven leadership skills, financial expertise and passion for next-gen low-code/no-code innovation will play a key role as Genesis continues to build on its huge momentum. Ireland is one of Europe's fastest-growing regions, and we couldn't be more thrilled to have Billy on the ground spearheading this latest chapter…
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Multi-asset broker Exness will be taking part in the iFEX virtual expo on the 10th and 11th of February as a strategic sponsor. The first financial virtual expo in the MENA region will attract attendees from leading brands in the online trading, fintech, banking, digital assets, blockchain, and payments sphere, in a full-scale, highly immersive…
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The Genesis Low-Code Platform (LCAP) is the only low-code platform native to financial markets and created to focus on the specific requirements of the industry. It offers rapid creation and deployment of applications to meet the traditional automation and simple Business Process Management (BPM) needs and the complex use cases requiring event handling processors and…
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Genesis operates its business mainly in the Asia-Pacific region through two Australian entities. The company reported consolidated revenue and EBITDA of USD 15.6 million and USD1.2 million, respectively for 2020. With FDC's software development resources, Genesis is planning to expand in Australia's fragmented Independent Dealer Group business sector. FDC's Chief Executive Officer, Mitchell M. Eaglstein,…
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Bitcoin broke records yesterday by soaring through its previous all-time high, up more than 15% in the past 24 hours. At the time of writing yesterday, bitcoin was trading around $22,838 – well above any previous high achieved by the cryptoasset. In its wake other peers such as ethereum are also soaring. ETH has hit a…
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The collaboration between the two companies follows a thorough due diligence process and review of a number of low-code platforms. B3 selected Genesis to deliver a Proof-of-Concept (PoC) to process and test millions of real-time post-trading allocation messages, in a low-latency and high-throughput secure and performant environment. Within a period of six week, the PoC…
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The blockchain startup CryptoKaiju has just announced the launch of its individual product. CryptoKaiju is producing the world's first vinyl toys fully traceable on a public blockchain. Kaiju has also released the launch of its subscription box service. Kaiju’s first figure name is Genesis and illustrates a Bitcoin-themed traditional Kaiju monster. Genesis figures are only 130 and their shipment…
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