GenesisCapital
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đŒđ° Digital Currency Group (DCG) reports progress! Court documents reveal that DCG has reached a preliminary agreement with Genesis Capital's creditors. This agreement allows unsecured creditors to redeem 70-90% of their dollar-denominated bonds and recover 65-90% in cryptocurrency. This development follows FTX's bankruptcy filing last year, impacting Genesis' crypto loans. A step toward resolution in the financial landscape. đđ± #DCG #GenesisCapital #CreditorsAgreement
đŒđ Digital Currency Group (DCG) nears a principle agreement regarding its Genesis Capital Chapter 11 bankruptcy claim, as per CoinDesk. Genesis had filed for Chapter 11 bankruptcy in January đïžđ°
#DCG #GenesisCapital #CryptoNews đđ€
#DCG #GenesisCapital #CryptoNews đđ€
Genesis Capital's Strategic Investment Sweetens Sugar Kingdom's Journey in Web3 Gaming. đ„đ€
In the ever-evolving landscape of Web3 gaming, Sugar Kingdom emerges as a flavorful platform, bringing together BRC20 tokens and alt-coins to create a delightful gaming universe.
This innovative gaming platform offers a variety of hyper-casual games where users can vie for supremacy on leaderboards, with the chance to earn up to 100X returns.
Sugar Kingdom has forged strategic partnerships, allowing it to accept a diverse range of tokens. These tokens play a pivotal role in the platform's unique Cross-Community Tournaments, enhancing the overall gaming experience.
A key feature of Sugar Kingdom is its ticket system, where participants use tokens to purchase tickets, contributing to specific tournament pools. These pools, named after categories like Memeâs pool, AIâs pool, and BRC-20 tournament, add an exciting layer to the gaming dynamics.
The tournament structure adds an element of competition, where a player's performance directly influences their ranking on the leaderboard. Prizes are swiftly distributed post-tournament, with higher ranks enjoying more substantial token rewards.
A notable feather in Sugar Kingdom's cap is the partnership with Genesis Capital. As an incubation partner, Genesis Capital's strategic investment marks a significant milestone for Sugar Kingdom, solidifying its position as the ultimate BRC20 project in the Web3 space.
In conclusion, Sugar Kingdom's fusion of gaming, partnerships, and strategic investments positions it as a leading player in the Web3 gaming realm. The collaboration with Genesis Capital not only sweetens the pot but also propels Sugar Kingdom toward even greater heights in the exciting world of decentralized gaming.
#SKO #SugarKingdom #SugarKingdomOdyssey #GenesisCapital #BRC20
In the ever-evolving landscape of Web3 gaming, Sugar Kingdom emerges as a flavorful platform, bringing together BRC20 tokens and alt-coins to create a delightful gaming universe.
This innovative gaming platform offers a variety of hyper-casual games where users can vie for supremacy on leaderboards, with the chance to earn up to 100X returns.
Sugar Kingdom has forged strategic partnerships, allowing it to accept a diverse range of tokens. These tokens play a pivotal role in the platform's unique Cross-Community Tournaments, enhancing the overall gaming experience.
A key feature of Sugar Kingdom is its ticket system, where participants use tokens to purchase tickets, contributing to specific tournament pools. These pools, named after categories like Memeâs pool, AIâs pool, and BRC-20 tournament, add an exciting layer to the gaming dynamics.
The tournament structure adds an element of competition, where a player's performance directly influences their ranking on the leaderboard. Prizes are swiftly distributed post-tournament, with higher ranks enjoying more substantial token rewards.
A notable feather in Sugar Kingdom's cap is the partnership with Genesis Capital. As an incubation partner, Genesis Capital's strategic investment marks a significant milestone for Sugar Kingdom, solidifying its position as the ultimate BRC20 project in the Web3 space.
In conclusion, Sugar Kingdom's fusion of gaming, partnerships, and strategic investments positions it as a leading player in the Web3 gaming realm. The collaboration with Genesis Capital not only sweetens the pot but also propels Sugar Kingdom toward even greater heights in the exciting world of decentralized gaming.
#SKO #SugarKingdom #SugarKingdomOdyssey #GenesisCapital #BRC20
Big Move by Genesis: $3 Billion in BTC and ETH Transferred, Sell-Off Ahead?
Date- Fri, 02 Aug 2024, 05:15 PM GMT:
In a significant move that has caught the attention of the cryptocurrency market, Genesis Trading has transferred nearly $3 billion worth of Bitcoin (BTC) and Ethereum (ETH). This massive transfer is aimed at returning assets to customers, according to on-chain analytics firm Lookonchain.
Lookonchain announced on X (formerly Twitter) that over the last three days, Genesis Trading has moved 32,256 $BTC , valued at $2.12 billion, and 256,775 $ETH , valued at $838 million, to various addresses. This activity is raising concerns about potential market impacts.
To put this into perspective, between June 12 and July 15, 2024, Genesis Trading transferred 13,291 BTC, worth $830.7 million, to Coinbase. This action led to a significant market reaction, with the BTC price dropping from $68,000 to $55,800, an 18% decline. Market observers are now bracing for a possible similar outcome.
Currently, BTC is trading near $63,162, having experienced a nearly 0.65% price drop in the last hour. Despite this recent dip, BTC has seen a 0.81% gain over the past 24 hours.
As the market processes this substantial transfer, all eyes will be on the price movements of BTC and ETH in the coming days.
#Genesis #GenesisCapital #CryptoNews
In a significant move that has caught the attention of the cryptocurrency market, Genesis Trading has transferred nearly $3 billion worth of Bitcoin (BTC) and Ethereum (ETH). This massive transfer is aimed at returning assets to customers, according to on-chain analytics firm Lookonchain.
Lookonchain announced on X (formerly Twitter) that over the last three days, Genesis Trading has moved 32,256 $BTC , valued at $2.12 billion, and 256,775 $ETH , valued at $838 million, to various addresses. This activity is raising concerns about potential market impacts.
To put this into perspective, between June 12 and July 15, 2024, Genesis Trading transferred 13,291 BTC, worth $830.7 million, to Coinbase. This action led to a significant market reaction, with the BTC price dropping from $68,000 to $55,800, an 18% decline. Market observers are now bracing for a possible similar outcome.
Currently, BTC is trading near $63,162, having experienced a nearly 0.65% price drop in the last hour. Despite this recent dip, BTC has seen a 0.81% gain over the past 24 hours.
As the market processes this substantial transfer, all eyes will be on the price movements of BTC and ETH in the coming days.
#Genesis #GenesisCapital #CryptoNews
