Genesis
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#Xclaim, a Revolutionary Bankruptcy Claims Trading Platform, Secures $7 Million in Round A Financing
According to reports, Xclaim, a bankruptcy claims trading platform, has completed a round A financing of $7 million. Xclaim allows for the trading of major bankruptcy creditor clai
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**BitGo Trust to Provide Cryptocurrency Custody Services for Genesis’ Institutional Clients**
It is reported that BitGo Trust, a cryptocurrency custody company, will provide qualified custody and cold storage services for assets held by institutional clients representing Ge
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Former Vice President of Genesis Roshun Patel joins venture capital firm Hack VC as a partner
On March 23rd, Linkedin revealed that Roshun Patel, a former vice president of Genesis, had joined Hack VC as a partner in February of this year. Before leaving in March of last year, Roshun Pate worked for Genesis for more than three years. Interpretation of this information: The news of Roshun Patel joining Hack VC as a partner comes in the wake of LinkedIn’s announcement on March 23rd. Patel’s previous position was as a vice president at Genesis. According to reports, he began his new role at Hack VC in…
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Genesis requires creditors to submit the amount owed by May 22
According to reports, according to bankruptcy court documents, the bankruptcy lending platform Genesis has requested creditors to explain how much the company owes them before the deadline of May 22, and has requested an auction to be held by the deadline of June 27. Bidders considering the acquisition of Genesis must indicate their interest by May 5th. Interpretation of this information: Genesis, a lending platform that had filed for bankruptcy, has requested creditors to submit their claims before the deadline of May 22. This is a necessary step in the…
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Core developer of Ethereum: Goerli test network will eventually be closed in the future
According to reports, Tim Beiko, the core developer of Ethereum, tweeted: “The Goerli test network will eventually be closed; in the future, the test network including Sepolia can cast more ETHs; I hope that more addresses can be included in the Genesis file later.” Interpretation of this information: Tim Beiko, the core developer of Ethereum, recently announced on Twitter that the Goerli test network will be eventually closed in the near future. The Goerli test network is one of the five testnets that the Ethereum network has, which is running…
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Creditors apply to the court to restrict Genesis from conducting intercompany transactions
It is reported that according to a court document released on February 20, the unsecured creditor of Genesis raised an objection to the company’s request to continue the intercompany transaction. They believe that the request of Genesis has caused the concern of the creditor committee, because the intercompany transaction of Genesis has been investigated before, and no relevant information such as the address of the encrypted wallet has been provided so far, so they hope that the court will prohibit the company from conducting all intercompany transactions and require it…
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Overview of important developments in the evening of February 21
12:00-21:00 Key words: Cypher Capital, G20, Genesis, BIS Interpretation of this information: The message at hand pertains to a certain time period from 12:00 to 21:00 and contains multiple keywords, namely Cypher Capital, G20, Genesis, and BIS. From this, we can assume that the message is related to finance and economics, and it is likely that these keywords are referring to significant events or trends in the financial world. Starting with Cypher Capital, it is important to note that this is a private equity firm that specializes in developing and…
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Genesis: Roger Ver owes the company more than $20 million
It is reported that a department of Genesis accused Roger Ver, the Bitcoin preacher “Bitcoin Jesus”, of failing to settle some outstanding cryptooption transactions. The amount exceeds US $20 million. In response, Roger Ver said on social media that he had enough money to solve the problem. Interpretation of this information: Recently, a department of Genesis, a major cryptocurrency lender, has accused Roger Ver, also known as the “Bitcoin Jesus,” of not fulfilling his part in settling some of his outstanding cryptooption transactions amounting to over US $20 million. The…