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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In its agreement with Nexo, the US watchdog pointed out that the crypto company has cooperated with the staff. Furthermore, Nexo announced in December it will cease the offer and sale of EIP in certain states and is phasing out of products and services in the US. Nexo released a statement regarding the resolution with…
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According to the official announcement, Integral Digital is offered on a subscription basis and can integrate with in-house and third-party providers via FIX and Rest APIs. Additionally, the newly launched platform offers a fully integrated Prime Brokerage solution providing direct market access to multiple exchanges and market makers via a single account, which maximizes netting…
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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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Coinbase made the announcement on Wednesday, telling its customers they can withdraw their fiat and crypto holdings from Coinbase until 16 February 2023. The company recommends that its clients transfer their funds to other Virtual Assets Service Provider, Coinbase Wallet or any other self-hosted wallet or they can liquidate their portfolio and withdraw their funds…
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Haider Rafique, Global CMO, OKX, commented: In the last year we have added a number of features that make it easy for new traders to follow or learn from other successful traders on the platform. Advancing social trading to include copy trading now adds more utility to the community of traders available to anyone on…
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Court filings reveal around 117 interested parties have lined up for FTX’s subsidiaries. The collapsed crypto exchange’s lawyers sought after the sale of the assets earlier in December citing loss of value. Cypriot regulator CySEC suspended the FTX Europe's license and FTX Japan’s operations were suspended. It recently came to light that FTX’s liquidators have…
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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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Furthermore, the prosecutor’s office stated that more than 3.6 million transactions have gone through Nexo, some of which involving “risky players”. Nexo has not responded to local media for comment but has posted on Twitter, speaking against the investigation. The company also said that they have taken preventive measures against money laundering. The company tweeted:…
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Richard Teng, Head of Europe and MENA at Binance, commented: Binance continues to demonstrate its commitment to work closely with regulatory agencies to uphold global standards. Our registration in Sweden is the result of many months of diligent, hard work from our team, underpinning our commitment to the Swedish market and our users. We are…
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