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SEC Charges Genesis and Gemini — Winklevoss Says Regulator’s Lawsuit Is ‘Super Lame’
13.1.2023
The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG). “Through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from...
Genesis Owes Its Creditors $3 Billion - Is That too Much for DCG to Swallow? Barry Silbert Breaks Silence on Twitter
13.1.2023
Digital Currency Group's crypto brokerage firm Genesis owes over $3 billion to creditors, pressing the crypto conglomerate to consider selling assets in its large venture portfolio to raise money.
According to a report by the Financial Times, DCG, the parent company of Genesis, plans to raise...
Crypto Lending Crisis - Gemini and Genesis Charged by US SEC With Selling Unregistered Securities
13.1.2023
The US Securities and Exchange Commission (SEC) brought charges against major crypto exchange Gemini and the troubled crypto lending and trading firm Genesis.
Per the press release issued by the regulator on January 12,
"The [SEC] today charged Genesis Global Capital, LLC and Gemini Trust...
DCG Said to be in Talks with Creditors - Will Gemini Crypto Depositors Get Their Money Back?
12.1.2023
Barry Silbert’s crypto conglomerate Digital Currency Group (DCG) is “actively engaged” in talks with creditors, according to a little-known crypto exchange....
Read More: DCG Said to be in Talks with Creditors - Will Gemini Crypto Depositors Get Their Money Back?
Jack Ma surrenders control of fintech giant Ant Group
12.1.2023
After founding Ant Group in 2014, Chinese billionaire Jack Ma is now ceding control of the company as part of Ant’s corporate structure changes
Chinese Billionaire Jack Ma Agrees to Cede Control of Fintech Giant Ant Group
12.1.2023
Chinese billionaire Jack Ma recently agreed to give up control of Ant Group as part of changes to the fintech’s corporate structure, which will supposedly not have an impact on “the economic interests of any shareholders of Ant Group and their beneficiaries.” Once the process...
Today in Crypto: Coinbase to Close Down Most Japanese Operations, Voyager Granted Initial Approval to Sell Assets to Binance.US, Ledger Integrates 'Cometh Battle' Card Game
11.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Coinbase to Close Down Most Japanese Operations, Voyager Granted Initial Approval to Sell Assets...
Digital Currency Group CEO Barry Silbert Responds to Accusations by Gemini’s Cameron Winklevoss With Shareholders Letter
11.1.2023
Barry Silbert, CEO of Digital Currency Group (DCG), has released a letter to shareholders in response to a recent open letter from Gemini CEO Cameron Winklevoss. The letter, issued Tuesday by Winklevoss, calls for the DCG board to force Silbert to step down as CEO. Silbert shared his letter...
Group One “Beneficially” Owns 13% of MicroStrategy in Big Bitcoin Bet - Is the BTC Bottom In?
11.1.2023
Chicago-based trading firm Group One Trading has taken a massive bet on bitcoin (BTC) by taking a “beneficial” position representing 13% of bitcoin bull Michael Saylor’s company MicroStrategy.
The bet on MicroStrategy’s stock included bullish options that gives the trading firm the right to...
Dutch exchange Bitvavo rejects DCG’s proposal to repay 70% of debt
11.1.2023
After having about $290 million locked at Digital Currency Group, Bitvavo decided to prefund the assets on its own and is now looking for full repayment
DCG chief Barry Silbert pens letter to shareholders, community reacts
11.1.2023
Barry Silbert’s letter to shareholders came just hours after Cameron Winklevoss wrote an open letter to him accusing him of defrauding customers
Crypto Boss Mike Novogratz Says Its Time to Cut Costs and Survive This ‘Transition period’
11.1.2023
Michael Novogratz, the founder of the US-based crypto financial services firm Galaxy Digital Holdings, argued that the events of 2022 have 'cleansed' the industry and that it is now time to survive the "transition period".
Talking to CNBC on Tuesday, Novogratz said that 2022 was a "grand washout"...
Cameron Winklevoss Calls for DCG Board to Sack Barry Silbert
11.1.2023
Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, has written an open letter to the Digital Currency Board (DCG) board, asking for the removal of the venture capital firm's CEO Barry Silbert....
Read More: Cameron Winklevoss Calls for DCG Board to Sack Barry Silbert
Market Maker Group One Discloses 13.5% Stake in MicroStrategy
10.1.2023
Alongside a big drop in the price of bitcoin, MicroStrategy slumped more than 70% in 2022
Bipartisan Group of US Senators Calls for Independent Examiner to Investigate FTX
10.1.2023
Four senators are urging the judge in the bankruptcy case to support a motion for to appoint an examiner
Metaverse Can Build Access for Big Companies, Says Virtual Brand Group CEO
10.1.2023
The metaverse-building company is looking to leverage the digital ecosystem so big brands can expand their demographic footprint while increasing their revenue streams
Gemini Co-Founder Accuses Digital Currency Group of Misrepresentation, Demands CEO Resignation
10.1.2023
Gemini CEO Cameron Winklevoss has published another open letter on Twitter, addressed to the board members of Digital Currency Group (DCG). In the letter, Winklevoss accuses DCG and CEO Barry Silbert of making poor decisions with the now-defunct crypto hedge fund Three Arrows Capital (3AC),...
Today in Crypto: Traders at an Institutional Crypto Firm Targeted by Hackers Since July 2022, Huobi Korea to Reportedly Cut Ties with Huobi Global
9.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Traders at an Institutional Crypto Firm Targeted by Hackers Since July 2022, Huobi Korea to Reportedly...
Digital Currency Group under investigation by U.S. authorities: Report
8.1.2023
U.S. authorities are reportedly investigating internal transfers from Digital Currency Group to its subsidiary Genesis
Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal
8.1.2023
Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy...