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Nalezeno "Digital Currency Group": 262

Barry Silbert Resigns as Chairman of Grayscale Investments

26.12.2023
Digital Currency Group (DCG) founder Barry Silbert has resigned from his position as the chairman of Grayscale Investments. Current DCG chief financial officer Mark Shifke succeeds Silbert and is joined by Edward McGee and Matthew Kummell as members of the new look board. Preparing...

DCG Can't Sell or Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules

19.12.2023
Genesis requested a New York bankruptcy court to bar ownership changes to secure tax benefits on around $700 million worth of operating losses

Barry Silbert Navigated Fallout From 2022's Crypto Scandals

4.12.2023
The former owner of CoinDesk faced a slew of lawsuits and complications in 2023, but, by year-end, his Digital Currency Group (DCG) had put some issues behind it

Genesis Reaches Settlement With Parent Company DCG in $620M Lawsuit

29.11.2023
Source: AdobeStock / Timon The beleaguered crypto lender Genesis and its parent company, Digital Currency Group (DCG), have reached a settlement that could end the protracted lawsuit aimed at recovering $620 million in repayments from DCG. DCG Commits to Settling $324.5M in Loans by April According...

Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing

29.11.2023
The deal would see DCG repay $275 million it owes to Genesis by April

Genesis Alleges Multi-Million Dollar Preferential Transfers by Gemini Amidst Crypto Turmoil

22.11.2023
In a recent legal move, Digital Currency Group’s (DCG) subsidiary Genesis Global Capital LLC has filed a complaint against the crypto exchange platform and custodian Gemini. Genesis hopes to claw back $689 million from the centralized crypto trading platform founded by Cameron and Tyler Winklevoss...

Crypto Media Firm Coindesk Acquired by Bullish in All-Cash Deal

20.11.2023
Crypto media firms in 2023 are emerging with new owners. After Foresight Ventures, a Singaporean Web3 venture capital firm acquired a major stake in the publication The Block, a week later, the crypto publication Coindesk was acquired by Bullish, a firm led by former New York Stock Exchange...

Crypto exchange Bullish buys 100% stake in crypto media site CoinDesk: Report

20.11.2023
CoinDesk was owned by Digital Currency Group who acquired the media company in 2016 for $50M. The new owner, Bullish, is headed by former New York Stock Exchange president Tom Farley

Bankrupt Crypto Lender Genesis Seeks Court Help to Reduce Settlement Payout to 3AC

10.11.2023
Source: Pexels Digital Currency Group’s (DCG) subsidiary Genesis Global is seeking approval from the US court to revise its settlement agreement with the bankrupt Three Arrows Capital Ltd (3AC). According to a document filed on November 9 with the US bankruptcy court of the Southern District...

DCG Hires Former Trump Impeachment Counsel in Defense Against NYAG Civil Lawsuit

1.11.2023
Digital Currency Group (DCG) has found itself under intense legal scrutiny after it was confronted with a civil lawsuit filed by New York Attorney General Letitia James on October 19. In an attempt to challenge the allegations, DCG has enlisted renowned litigator Barry Berke, who previously served...

Sam Bankman-Fried Rebuffed Barry Silbert's and Celsius' Requests for Help, Ex-FTX CEO Testifies at His Trial

27.10.2023

Gemini sues Genesis over GBTC shares used as Earn collateral, now worth $1.6B

27.10.2023
Genesis wants to use the shares’ initial value in claims and is not releasing additional collateral transferred by DCG, the suit claims

Digital Currency Group’s Q3 Shareholder Letter: Surprise Over NYAG Lawsuit

25.10.2023
Crypto industry powerhouse Digital Currency Group (DCG) has provided a response to its latest fraud lawsuit from the New York Attorney General (NYAG) last week, alongside updated Q3 financial figures. The conglomerate raked in $188 million in the third quarter, compared to $153 million in Q3 2022....

Today in Crypto: DCG Paid Off $575 Million in Debt Since End of 2022, $720 Million Stolen across 117 Breaches in Q3

25.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Investment news Digital Currency Group (DCG), the crypto company founded by finance veteran Barry Silbert, has paid...

Best Crypto to Buy Now October 19 – Rollbit Coin, Radix, Render

19.10.2023
New York Attorney General Letitia James made headlines today by filing a lawsuit against cryptocurrency firms Genesis Global, Digital Currency Group (DCG), and Gemini. The lawsuit accuses the firms of defrauding investors of more than $1 billion. With the recent news from the New York Attorney...

Gemini, Genesis, DCG Face $1B Fraud Lawsuit by NY Attorney General; Gemini Says It’s the ‘Victim’ in Scandal

19.10.2023
New York Attorney General Letitia James filed a lawsuit against crypto companies Gemini Trust Company, Genesis Global Capital, and its parent company Digital Currency Group (DCG) for allegedly defrauding over 230,000 investors out of more than $1 billion. The lawsuit claims the companies lied about...

Gemini Reportedly Withdrew $280 Million From Genesis Before Crypto Lender Filed for Bankruptcy

28.9.2023
Tyler and Cameron Winklevoss owned Gemini exchange reportedly withdrew approximately $280 million from Genesis Global just months before the crypto lender initiated a freeze on customer deposits and ultimately filed for bankruptcy. Genesis and Gemini had jointly offered an "Earn" program that...