
DCG responds to Genesis bankruptcy; Bitcoin jumps 4% as contagion fears lessen
Only the lending arm of Genesis has filed for bankruptcy while DCG still has $526M in debt owed to Genesis by May 2023
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Sun may spend his personal wealth to support Genesis' troubled parent company.

The SEC, CFIUS and New Jersey regulators will be allowed to raise objections to the final approval of the deal in the future.

CZ confirmed that Binance was a majority shareholder from 2020, but has injected more funds to increase its ownership of the Indonesian exchange.

The takeover of Bankhaus von der Heydt will see the Bitcoin Group own two banking licenses from Germany, following its earlier acquisition of the Futurm digital bank.

The deal is set to expire on 10 Dec but can be extended to 31 Jan, 2023, should Concord decide to call a shareholder vote.

Struggling institutional crypto platform Genesis may be causing parent company DCG a billion-dollar problem that it cannot solve possibly linked to 3AC