Luno's sister company declares bankruptcy — what it means for South Africans
With threats of a lawsuit against parent company Digital Currency Group (DCG) and sister company and lending partner Genesis Global filing for bankruptcy, Luno has assured that it remains unaffected.
Luno is a South...
Genesis preparing bankruptcy filing — could happen this week
Genesis Global Capital is laying the groundwork for a bankruptcy filing as soon as this week, according to people with knowledge of the situation.
The cryptocurrency lending unit of Digital Currency Group has been in confidential...
SEC sues Genesis and Gemini
US regulators sued crypto brokerages Genesis Global Capital and Gemini Trust Co. for breaking securities rules.
The Securities and Exchange Commission said on Thursday that the firms illegally raised billions of dollars from hundreds of thousands of investors...
Luno kills off Savings Wallet
Cryptocurrency exchange and custodial service provider Luno will discontinue its Savings Wallet functionality from tomorrow — 1 December 2022.
“Cryptocurrency held in a Savings Wallet will be transferred to primary wallets, and will continue to be stored safely...
Luno Savings Wallet partner halts withdrawals
Luno’s lending partner for its Savings Wallet product, Genesis Global Capital, has temporarily suspended redemptions and new loan originations.
All cryptocurrency withdrawals on Luno remained available at the time of publication.