News with the tag "genesis"

Genesis Digital Assets Limited (GDA) is expanding its bitcoin (BTC) mining operations in West Texas with a 50-megawatt (MW) energization increase across its Pyote and Vernon sites. GDA is a private company with offices in the United Arab Emirates and the United States, with a total power capacity of...

The U.S. Securities and Exchange Commission (SEC) is hitting venture capitalist firm Digital Currency Group (DCG) and a former executive of Genesis with a multimillion-dollar fine, claiming they misled investors. The regulatory agency says it’s slapping DCG and Soichiro “Michael” Moro – the former c...

The U.S. Securities and Exchange Commission (SEC) has recently charged Digital Currency Group (DCG) and former Genesis CEO Soichoro “Michael” Moro with allegedly misleading investors about the financial stability of Genesis Trading in the aftermath of the Three Arrows Capital (3AC) collapse. The cha...

The US Securities and Exchange Commission (SEC) has initiated formal cease-and-desist proceedings against venture capital firm Digital Currency Group (DCG) due to its alleged negligent conduct in relation to a lending program offered by its subsidiary, Genesis Global Capital (GGC). This action arise...

The U.S. Securities and Exchange Commission (SEC) announced enforcement actions against Digital Currency Group (DCG) and its subsidiary Genesis on Friday, citing violations of securities laws. The SEC accused DCG and Genesis of defrauding investors through misrepresentation, resulting in penalties a...

Digital Currency Group (DCG) and Soichoro “Michael” Moro, the former CEO of its now-defunct Genesis subsidiary, have agreed to pay a combined $38.5 million in civil penalties to settle securities fraud charges with the U.S. Securities and Exchange Commission (SEC). The crypto venture capital firm wi...

Former Genesis CEO Michael Moro has been sanctioned by the U.S. Securities and Exchange Commission as part of a 2023 lawsuit against its parent company, Digital Currency Group Digital Currency Group, a crypto-focused investment conglomerate, has reached a $38 million settlement agreement with the SE...

Sixteen years ago, the world witnessed the launch of a groundbreaking peer-to-peer electronic cash system, Bitcoin, by its enigmatic creator, Satoshi Nakamoto. This innovation sparked a revolution in how people perceive money, currency, and financial assets. Since the release of the Genesis block, o...

From the historic genesis block to $100,000 BTC, Bitcoin’s journey spans 16 years of resilience, growth and innovation.

Today marks Bitcoin’s 16th Genesis Day, commemorating the mining of the first Bitcoin block—the Genesis Block—by its pseudonymous creator, Satoshi Nakamoto, on Jan. 3, 2009. This milestone celebrates the inception of the blockchain revolution, which began two months after Nakamoto published the Bitc...