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Genesis

All articles tagged with #genesis

Genesis Launches Magma Racing Team and Unveils Le Mans Hypercar

Originally Published 1 year ago — by Sportscar365

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Source: Sportscar365

Genesis has unveiled its GMR-001 Hypercar, set to debut in the FIA World Endurance Championship in 2026 and the IMSA WeatherTech SportsCar Championship in 2027. Built on an Oreca chassis, the car will feature the LMDh hybrid setup. Genesis Magma Racing, led by Cyril Abiteboul, will operate from Circuit Paul Ricard, with testing starting next summer. The launch marks Genesis' entry into high-performance motorsport, with Hyundai Motorsport playing a key role in the program.

Genesis Unveils Ambitious LMDh Racing Program with Star Drivers

Originally Published 1 year ago — by Sportscar365

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Source: Sportscar365

Andre Lotterer and Pipo Derani have been announced as the first drivers for Genesis Magma Racing's LMDh program, set to debut in the FIA World Endurance Championship in 2026. Both drivers bring significant experience, with Derani joining from Action Express Racing and Lotterer from Porsche Penske Motorsport. Additionally, Genesis will partner with IDEC Sport for a 2025 European Le Mans Series LMP2 entry, featuring drivers Jamie Chadwick, Logan Sargent, and Mathys Jaubert as part of their "trajectory program."

Hyundai and Kia Recall Over 240,000 Vehicles for Safety Concerns

Originally Published 1 year ago — by The Washington Post

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Source: The Washington Post

Over 240,000 vehicles from Hyundai, Genesis, and Kia are being recalled in the US and Canada due to safety issues. The recalls involve potential loss of drive power in certain electric models and transmission issues in others, increasing crash risks. Affected models include the Kia EV6, Genesis G80 EV, Hyundai Ioniq 5, and others. Owners will be notified in December and January, and are advised to take precautions or visit dealerships for repairs.

Hyundai and Kia Recall Over 208,000 EVs for Power Loss Issue

Originally Published 1 year ago — by TechCrunch

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Source: TechCrunch

Hyundai, Kia, and Genesis are recalling approximately 208,000 electric vehicles in the U.S. due to a defect in the integrated charging control unit that may lead to a sudden loss of power. The recall affects Hyundai's Ioniq 5 and Ioniq 6, Genesis GV60, GV70, and G80 models from 2022-2025, and Kia's EV6. Dealers will repair the issue at no cost to owners.

"Bitcoin Analyst Predicts 10x Price Post-Halving: What Makes This Time Different?"

Originally Published 1 year ago — by AMBCrypto News

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Source: AMBCrypto News

Genesis, a struggling crypto-lending company, sold off 36 million shares of GBTC to acquire 32,041 BTC, valued at $2.1 billion, in a bid to address financial challenges and potential bankruptcy. This move was likely prompted by the desire to capitalize on the recent surge in Bitcoin prices and to settle debts with creditors. As Bitcoin's fourth halving approaches, whales are accumulating BTC, hinting at a bullish outlook. Analysts, including Anthony Scaramucci, anticipate a significant upside for Bitcoin post-halving, with a potential surge of six to ten times, although not immediately.

"Genesis: The Rising Star in the U.S. Luxury Vehicle Market"

Originally Published 1 year ago — by CNBC

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Source: CNBC

Hyundai's Genesis luxury brand has defied skepticism to become a dark horse in the U.S. luxury vehicle market, surpassing Infiniti in annual sales and focusing on unique styling, comfort, and quality. Executives expect continued double-digit growth over the next five years, with plans to maintain restricted pace to retain vehicle values. The brand faces the challenge of growing awareness but aims to expand its lineup with performance models and a potential three-row SUV, while also benefiting from a new local manufacturing plant in Georgia.

"Billie Eilish and Alicia Keys' Heartwarming Son Reunion Stories with Taylor Swift"

Originally Published 1 year ago — by Entertainment Weekly News

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Source: Entertainment Weekly News

Alicia Keys shared how Billie Eilish took the time to reply to her 9-year-old son's message, expressing his desire to be friends and admiration for her music. Genesis had persistently asked his mother to leave a voice message for Eilish, and after she did, he eagerly awaited a response. Keys also recounted Genesis's recent reunion with Taylor Swift, showing a photo of Swift kissing him on the cheek, demonstrating that she remembered him from their previous meeting.

"ESA Contracts Thales Alenia Space for Radar Instrument Development on Earth Explorer Harmony Satellites"

Originally Published 1 year ago — by SpaceNews

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Source: SpaceNews

The European Space Agency has awarded contracts worth 233.4 million euros for its FutureNAV program, including missions called Genesis and LEO-PNT. Genesis, led by OHB Italia, aims to improve the International Terrestrial Reference Frame (ITRF) with a suite of instruments, while LEO-PNT, led by GMV Aerospace and Defence and Thales Alenia Space, will test the feasibility of a low Earth orbit satellite constellation to enhance positioning, navigation, and timing (PNT) services. These missions are part of ESA's efforts to meet the growing demand for more resilient and precise navigation systems.

"ESA's Precision Navigation Missions: Advancing Earth Measurement and Satellite Technology"

Originally Published 1 year ago — by The Register

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Source: The Register

The European Space Agency is investing €76.6 million in the development of Genesis, a flying observatory that will provide positioning services accurate to a single millimeter by co-locating various Earth-measuring techniques on board. This will contribute to the International Terrestrial Reference Frame (ITRF) and benefit fields such as aviation, traffic management, climate change monitoring, and more. Additionally, the agency has allocated separate funds for the Low Earth Orbit Positioning Navigation and Timing demonstrator (LEO-PNT) to improve positional accuracy and test new signals and frequency bands for satnav systems. Both Genesis and LEO-PNT are part of the FutureNAV program and are expected to launch by 2028.

Gemini Exchange to Return $1.1 Billion to Customers in Regulatory Settlement

Originally Published 1 year ago — by New York Post

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Source: New York Post

Gemini, founded by the Winklevoss twins, has agreed to return at least $1.1 billion to customers of its failed "Earn" lending program and pay a $37 million fine for compliance failures as part of a settlement with regulators. The program promised up to 8% interest on crypto deposits but collapsed when its lending partner, Genesis, faced financial troubles. The New York State Department of Financial Services found that Gemini failed to vet Genesis and engaged in unsafe practices, leading to over 200,000 customers being unable to access their funds. Gemini also faces lawsuits and regulatory scrutiny over the program's collapse.

"Winklevoss Twins' Start-Up to Compensate Customers with $1B Payout"

Originally Published 1 year ago — by The Daily Beast

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Source: The Daily Beast

Gemini, the crypto startup owned by the Winklevoss twins, has agreed to return $1.1 billion to customers who lost money in their partnership with the now-bankrupt crypto lender Genesis. The New York State Department of Financial Services stated that Gemini failed to fully vet or monitor Genesis, leading to significant losses for around 200,000 customers. Gemini will also pay $40 million to the Genesis bankruptcy for the benefit of customers and a $37 million fine for regulatory failures.

"Hyundai Recalls 90,000 Genesis Vehicles Over Fire Risk"

Originally Published 1 year ago — by ABC News

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Source: ABC News

Hyundai is recalling over 90,000 Genesis vehicles, including certain 2015-2016 Genesis, 2017-2019 Genesis G80, Genesis G90, and 2019 Genesis G70 models, due to a fire risk caused by water entering the starter solenoid and causing an electrical short. Owners are advised to park outside and away from structures until a repair is completed, and dealers will install a remedy relay kit in the engine junction box for free.

"Genesis Capital Seeks Approval for $1.6 Billion Crypto Asset Sale"

Originally Published 1 year ago — by CoinDesk

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Source: CoinDesk

Bankrupt crypto lender Genesis seeks approval to sell over $1.6 billion in bitcoin, ether, and ethereum classic held in Grayscale's trust products, potentially adding significant selling pressure on the market. The assets include $1.4 billion in Grayscale Bitcoin Trust, $165 million in Grayscale Ethereum Trust, and $38 million in Grayscale Ethereum Classic Trust. Genesis owes over $3.5 billion to its top 50 creditors, including Gemini, and its bankruptcy has affected more than 100,000 users who are owed between $1 billion and $10 billion.