Letitia James has accused Gemini Trust, Genesis Global Capital and Digital Currency Group of misleading investors in a program promising low risk and high returns.
Category: Digital Currency Group Inc
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Why Regulators Plan to Sue Over JetBlue’s Deal for Spirit
The New York Times – Business:Regulators looking to block JetBlue’s $3.8 billion bid to buy Spirit Airways think there’s no other way to address their competition concerns.
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Genesis, a Crypto Lending Firm, Files for Bankruptcy
The New York Times – Business:Genesis was caught in the fallout of the collapse of FTX, the crypto exchange founded by Sam Bankman-Fried.
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Oliver Stone Goes Nuclear at Davos
The New York Times – Business:At the World Economic Forum, the provocative filmmaker received a warm reception for his film promoting nuclear power.
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CoinDesk Broke Big News About FTX. Now the News Is Closer to Home.
The New York Times – Business:The parent company of CoinDesk, one of the first news sites focused on the industry, faces questions about the operations and financial health of some of its subsidiaries.
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The S.E.C.’s Crypto Crackdown Intensifies
The New York Times – Business:The agency has charged the crypto trading firms Genesis Global Capital and Gemini with operating an illegal lending service that lost customers millions.
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SEC Charges Crypto Companies With Offering Unregistered Securities
The New York Times – Business:The S.E.C. charged Genesis Global Capital and Gemini Trust, which is run by Cameron and Tyler Winklevoss, as crypto companies face heightened regulatory scrutiny.
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Tesla Investors Fear for a Tough 2023
The New York Times – Business:A huge sell-off wiped billions of dollars from the electric carmaker’s market capitalization on Tuesday. Analysts see more trouble ahead.
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FTX Victims Face a Tough Road Getting Their Money Back
The New York Times – Business:The bankrupt crypto exchange owes billions to a long line of creditors. Getting their money back could prove difficult, given the unique nature of cryptocurrency assets.