DCG records over $1b loss in 2022 amid crypto collapses

2023-2-28 13:19

Digital Currency Group (DCG), a venture capital conglomerate with subsidiaries including Genesis and crypto news publication Coindesk, recorded over $1 billion loss in 2022, majorly as a result of Three Arrows Capital’s collapse which impacted Genesis. According to the report…

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crypto dcg genesis 2022 capital loss three

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Источник: btcmanager.com

crypto dcg → Результатов: 93

Crypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022

DCG held cash and cash equivalents of just $262 million at the end of 2022, while investment assets amounted to $670 million.

2023-2-28 23:07
2022 million cash conglomerate 262 investment 670

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Bearish Signal? DCG Starts Selling Grayscale Crypto Shares At Almost 50% Discount

The issues at Digital Currency Group (DCG) seem to be coming to a head as the company has now begun offloading its Grayscale crypto shares. This move is one that was under speculation for a long time in the crypto community, as well as what kind of impact such a move could have on the market.

2023-2-9 21:00	Grayscale
crypto move shares grayscale dcg time long

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Bitvavo will receive 80% of DCG debt

Bitvavo just released a statement announcing that they expect to receive at least 80% of the debt owed to them by DCG. According to incoming reports, Digital Currency Group currently owes Bitvavo, a famous Dutch crypto trading network, around $300…

2023-2-7 16:54
bitvavo dcg debt receive currently owes group

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Barry Silbert’s DCG selling off assets at distressed prices, but market doesn’t care

Key Takeaways DCG own the Grayscale Bitcoin Trust, which has been trading at a sizeable discount following concern around the reserves held DCG has begun selling off crypto assets at distressed prices following bankruptcy of Genesis Market seems to have priced this in, but there could be more twists to come A couple of weeks […] The post Barry Silbert’s DCG selling off assets at distressed prices, but market doesn’t care appeared first on CoinJournal.

2023-2-7 16:30	Grayscale
dcg market prices distressed selling assets off

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DGC liquidates Grayscale subsidiary shares to repay creditors

Digital Currency Group has begun liquidating stakes in crypto subsidiaries to raise funds to repay Genesis creditors. US securities filings seen by Financial Times reveal that DCG is having trouble balancing its financial books. The liquidations serve as an effort…

2023-2-7 15:08	Grayscale
creditors repay financial having dcg trouble reveal

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Breaking: DCG And Genesis Close Initial Agreement With Creditors

Per a report from CoinDesk, crypto lending firm Genesis and its parent company Digital Currency Group (DCG) are moving forward with the former’s bankruptcy process. The companies reached a “principle agreement” to restructure the lending firm.

2023-2-7 21:32	genesis
agreement firm genesis dcg lending moving former

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Gemini Vows Legal Action Against Genesis’ Parent Company amidst Bankruptcy Filing

US-based cryptocurrency exchange Gemini – founded by twin brothers Cameron Winklevoss and Tyler Winklevoss – is embroiled in a fresh tussle with Genesis Capital’s parent company DCG after the crypto lender (Genesis) filed for bankruptcy protection.

2023-1-30 22:18	Gemini
genesis company bankruptcy gemini parent winklevoss tussle

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DCG subsidiary Luno to sack 35% of its employees

Luno, a crypto exchange subsidiary of the Digital Currency Group (DCG), announced that it plans to cut about 330 of its 960 global workers.

2023-1-26 22:23
dcg subsidiary luno cut plans 330 global

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Lenders accuse DCG CEO of hoax deal to hide $1.1b loss

In a proposed securities class action lawsuit against Digital Currency Group Inc., a group of lenders claimed that Barry Silbert, the CEO of an insolvent crypto firm, concocted a “misleading phony deal” to hide an impending $1 billion implosion. Former…

2023-1-25 14:25
hide lenders deal group ceo firm concocted

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Could Cardano Buy Coindesk in DCG Fire Sale?

Learn about Charles Hoskinson's interest in buying CoinDesk, a crypto news service that is currently exploring options including a partial or full sale. The post Could Cardano Buy Coindesk in DCG Fire Sale? appeared first on BeInCrypto.

2023-1-24 00:30	Cardano (ADA)
coindesk sale could dcg fire cardano buy

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The Fall of Genesis: A Wake-up Call for the Crypto Industry

The crypto industry has received a significant blow as Genesis, a prominent cryptocurrency lender, filed for bankruptcy. The SEC charges Genesis for illegal crypto sales. Genesis is a part of the DCG conglomerate of 200+ crypto-focused businesses.

2023-1-23 23:15	Blockchain News
genesis crypto industry businesses sales illegal charges

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Genesis could file for bankruptcy this week: report

Genesis Global Capital, a crypto lending platform owned by Digital Currency Group (DCG), is said to be considering filing for bankruptcy. According to a Bloomberg report, Genesis is likely to file for bankruptcy this week.

2023-1-19 23:31	Cryptocurrency News
bankruptcy genesis report week said bloomberg likely

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Crypto Conglomerate DCG Suspends Dividends Amid Distress at Genesis Unit

"In response to the current market environment, DCG has been focused on strengthening our balance sheet by reducing operating expenses and preserving liquidity," it told shareholders in a letter Tuesday.

2023-1-18 02:30	Business
dcg reducing expenses operating balance strengthening sheet

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Crypto.news weekly recap: former FTX boss maintains innocence, Nexo’s woes, DCG and Gemini face-off

From Sam Bankman-Fried's claims of innocence, crypto rebounce, FTX bankruptcy proceedings, Nexo raids, Coinbase layoffs, Gemini and DCG drama, the past week was activity-stuffed.

2023-1-16 19:23	sam bankman-fried
dcg gemini crypto innocence nexo ftx activity-stuffed

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Tron Founder Justin Sun Ready To Invest $1 Billion On DCG Assets

Digital Currency Group (DCG), the parent firm of struggling cryptocurrency lender Genesis, is liquidating some of its holdings. Tron founder and Chinese crypto entrepreneur Justin Sun is prepared to invest $1 billion to acquire the network.

2023-1-15 17:05	Tron
dcg tron billion justin founder invest sun

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Crypto Biz: DCG’s ‘carefully crafted campaign of lies’?

The public battle between Cameron Winklevoss and Digital Currency Group CEO Barry Silbert continues to rage.

2023-1-15 00:15	Coinbase
winklevoss digital cameron between public battle currency

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DCG considers selling assets to pay $3b Genesis debt

Digital Currency Group (DCG), the conglomerate that owns crypto broker Genesis, is reportedly considering selling assets from its portfolio to pay Genesis’ $3 billion debt.

2023-1-13 19:45	genesis
genesis pay dcg debt selling assets reportedly

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DCG scrambling to raise funds to cover Genesis’ $3B debt burden

Embattled crypto lender Genesis owes over $3 billion to its creditors, the Financial Times reported on January 12, citing sources familiar with the matter. The post DCG scrambling to raise funds to cover Genesis’ $3B debt burden appeared first on CryptoSlate.

2023-1-13 18:45	lending
genesis dcg burden debt raise scrambling funds

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Troubled Crypto Lender Genesis Owes Creditors Over $3B: FT

As part of its fundraising efforts, DCG is reportedly looking at selling some of its venture capital portfolio, worth around $500 million.

2023-1-12 16:23	Business
selling reportedly looking venture 500 million around

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Crypto Lender Genesis Owes Creditors Over $3B: FT

As part of its fundraising efforts, DCG is reportedly looking at selling some of its venture capital portfolio, worth around $500 million.

2023-1-13 16:23	Business
selling reportedly looking venture 500 million around

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Gemini Puts An End To The Crypto Earn Program Amidst DCG Fallout

The contention between Gemini and the Genesis group has been spiraling, especially with the most recent development. Gemini has officially put a stop to the interest-bearing product, which is the flagship Earn program.

2023-1-12 18:33	genesis
gemini earn program recent development officially interest-bearing

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Bitvavo rejects DCG’s 70% repayment proposal

Bitvavo, a Dutch crypto exchange, has rejected a 70% repayment proposal from Digital Currency Group (DCG). DCG is currently experiencing a liquidity crunch. For Bitvavo, it’s an all-or-none situation Bitvavo has released an update on the DCG situation. According to…

2023-1-11 16:58
bitvavo dcg situation proposal repayment all-or-none released

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Gemini's Cameron Winklevoss Calls for Barry Silbert's Ouster From Crypto Conglomerate DCG

Winklevoss, on behalf of Gemini, called for Silbert's removal for his involvement in the disagreement between Genesis and its creditors.

2023-1-11 17:05	Business
silbert gemini winklevoss disagreement involvement genesis creditors

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First Mover Americas: DCG Reportedly Probed for Genesis Transfers

The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 9, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

2023-1-9 16:21	Markets
latest markets mover crypto context jan 2023

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How the GBTC premium trade ruined Barry Silbert, his DCG empire and took crypto lending platforms with them

The post How the GBTC premium trade ruined Barry Silbert, his DCG empire and took crypto lending platforms with them appeared first on CryptoSlate.

2023-1-9 21:00	Research
crypto took lending platforms empire trade dcg

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Crypto Conglomerate DCG Under Investigation By U.S. Authorities

Digital Currency Group, better known as DCG, is currently under investigation by U.S. authorities. According to a report by Bloomberg, U.S. prosecutors in New York – specifically, the city of Brooklyn – are assessing the internal transfers between the multibillion-dollar crypto conglomerate and its crypto lending arm, Genesis Global Capital. The crypto lending company has […]

2023-1-9 16:08
crypto conglomerate dcg lending authorities investigation under

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Crypto Conglomerate DCG Being Investigated by DOJ, SEC: Report

Officials with the U.S. Department of Justice's Eastern District of New York and the Securities and Exchange Commission are examining transfers between Digital Currency Group and Genesis, one of its subsidiaries, a report late Friday said.

2023-1-7 08:12	Business
report digital between examining commission transfers group

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Digital Currency Group: Is the Fallout From FTX Over, or Is the Worst yet to Come?

After the FTX collapse, concerns around the Digital Currency Group (DCG) and its subsidiaries (Genesis, Grayscale) began spreading across the industry. Can the crypto market witness yet another contagion? Fears around the most exposed and whether this could lead to a chain reaction of cascading liquidations and insolvencies.

2023-1-7 18:00
digital yet group ftx currency around exposed

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Crypto Giant DCG Shuts Down HQ Subsidiary amid Global Economic Crisis

Coinspeaker Crypto Giant DCG Shuts Down HQ Subsidiary amid Global Economic Crisis DCG once appeared to be untouchable but may fast be losing its stability. Crypto Giant DCG Shuts Down HQ Subsidiary amid Global Economic Crisis

2023-1-6 15:31
dcg amid economic crisis subsidiary crypto global

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DCG Closes Subsidiary HQ Digital, Fueling Fears In Bitcoin Market

Digital Currency Group (DCG), the crypto conglomerate that owns lender Genesis Trading and asset manager Grayscale, among others, today made public that it has closed its asset management division called HQ Digital, fueling new fears within the bitcoin and crypto industry, given that the company managed $3.

2023-1-6 13:00
digital crypto dcg bitcoin fears asset fueling

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Crypto Conglomerate DCG Closes Wealth-Management Business

The division reportedly had more than $3.5 billion in assets.

2023-1-6 02:44	Business
had billion assets reportedly division dcg conglomerate

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Research Firm Issues Warning For Bitcoin And ETH Investors Over DCG Situation

Renowned crypto firm Arcane Research has issued a warning to Bitcoin (BTC) and Ethereum (ETH) investors in light of the escalating events surrounding Digital Currency Group (DCG), Genesis, and Grayscale.

2023-1-5 16:30	Grayscale
firm eth bitcoin dcg research warning investors

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"Crypto King” Barry Silbert Hits Back at Cameron Winklevoss

Silbert's response follows up on an open letter written by Winklesvoss in which he accuses DCG of engaging in “bad faith stall tactics” with regard to the $900 million owed to Earn users

2023-1-3 19:51
silbert faith stall tactics bad engaging accuses

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Crypto Exchange Binance Dispels FUD Of A ‘Financial Black Box’

In addition to the macroeconomic headwinds, the Binance rumors and the uncertainty surrounding Grayscale/DCG are clouding the sentiment in the Bitcoin market. In a renewed attempt to dispel the “FUD,” Binance released a detailed report today in which the world’s largest crypto exchange addresses current questions from the media and the community.

2022-12-23 14:30
binance crypto exchange fud report today released

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New Chelsea owner will receive $350 million if Genesis is bankrupt

The new Chelsea FC CEO Todd Boehly will acquire $350 million if the crypto lender Genesis declares bankruptcy. Digital Currency Group will be liable for such an outstanding loan. DCG tries to raise funds to support Genesis Digital Currency Group…

2022-12-22 22:09	genesis
genesis new digital group currency 350 million

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Grayscale Says It May Return 20% Of Investor Capital, Bitcoin Refuses To Budge

Besides the macroeconomic headwinds, when it comes to crypto, there are two main concerns at the moment: Binance and DCG. The situation surrounding Genesis Trading, Digital Currency Group (DCG) and Grayscale, which is still unresolved after a month, is depressing the market sentiment around Bitcoin.

2022-12-19 18:00	Grayscale
dcg grayscale bitcoin surrounding genesis trading situation

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Crypto exchange Bitvavo says €280m are locked at DCG

Bitvavo claims that €280 million of its funds are locked at DCG. The organization claims that this will not affect users’ finances. Bitvavo explains DCG’s troubles won’t affect users Amid the crypto drawdowns, including FTX fall, the Dutch cryptocurrency exchange…

2022-12-17 18:16
dcg bitvavo crypto claims affect exchange locked

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Gemini launches creditor committee to recover customers’ funds

Winklevoss twins have created a committee of creditors to reclaim Gemini’s funds from DCG and Genesis, who reportedly owe the exchange about $900 million. Cameron Winklevoss has revealed that Gemini, the crypto exchange he co-founded with his brother Tyler in 2014, has…

2022-12-7 17:51	Winklevoss twins
gemini winklevoss 160 exchange funds committee revealed

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Crypto lender Genesis owes Gemini crypto exchange customers $900M

Major crypto lender Genesis Trading and its parent company Digital Currency Group (DCG) owe users of cryptocurrency exchange Gemini $900 million. Financial Times reported on Dec. 3, 2022, that users of Gemini Earn lost $900 million when Genesis — the external firm that…

2022-12-5 22:00	genesis
gemini crypto 160 genesis 900 million users

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DCG CEO Barry Silbert addresses investors’ concerns in a letter to shareholders

The crypto contagion sparked by the downfall of FTX seems to have found its latest victim- Genesis Global Capital. However, the trouble isn’t limited to the New Jersey-based crypto lender. MarkeThe post DCG CEO Barry Silbert addresses investors’ concerns in a letter to shareholders appeared first on AMBCrypto.

2022-11-23 20:00	News
dcg barry ceo crypto letter shareholders silbert

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Op-Ed: Could DCG be the catalyst for max pain in the crypto markets?

Following the recent collapse of FTX, the fallout spread to Genesis, which had already been bailed out by parent company Digital Currency Group (DCG) earlier this year following the failure of Three Arrows Capital.

2022-11-20 16:00	rumors
following dcg company digital parent bailed out

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Nouriel Roubini Says with Bankruptcy Risk to Digital Currency Group Bitcoin May Drop Harder

Prominent economist keeps bashing crypto space, saying that Barry Silbert’s DCG may go bankrupt and push prices lower

2022-11-19 13:27
may barry saying space bashing crypto silbert

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Crypto price prediction: SSV, SafePal (SFP), Chiliz (CHZ)

Cryptocurrency prices remained on edge this week as the collapse of FTX continued. During the week, Genesis, a leading crypto exchange, suspended its withdrawals briefly. Similarly, a crypto lender associated with Digital Currency Group (DCG) suspended most of its business.

2022-11-18 13:37	Analysis
crypto week suspended briefly withdrawals exchange similarly

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Crypto Investment Firm DCG Gives $140M Equity Infusion to Trading Firm Genesis

Genesis reported earlier that its derivatives business currently has about $175 million in locked funds in its FTX trading account.

2022-11-12 19:08	Business
genesis trading firm currently million ftx account

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Galaxy Digital, BitMex, DCG announce staff cuts

Crypto companies Galaxy Digital, BitMex, and Digital Currency Group (DCG) announced staff cuts to deal with the adverse state of the market, according to crypto reporter Wu Blockchain. The post Galaxy Digital, BitMex, DCG announce staff cuts appeared first on CryptoSlate.

2022-11-2 13:30	Exchanges
digital galaxy staff cuts bitmex dcg announce

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Crypto Investment Firm Digital Currency Group Registers Executive as Lobbyist

The move suggests DCG will be getting more involved in lobbying efforts in the future.

2022-8-17 19:58	Business
dcg getting involved future efforts lobbying suggests

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GameFi on Fire: Dragon Crypto Gaming’s Dragon Crypto Argenti Token and The Legend of Aurum Draconis

Dragon Crypto Gaming (DCG) initial dex offering (IDO) of Dragon Crypto Argenti ($DCAR), a utility token for its expanding GameFi ecosystem, will be open for...

2022-7-25 19:13	NFT
dragon crypto token gamefi argenti gaming utility

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Crypto Mining and Staking Firm Foundry Starts Training Program for Miners

DCG subsidiary Foundry is launching a training program for mining engineers.

2022-7-19 16:00	Business
program foundry training mining subsidiary launching engineers

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Crypto Biz: Another billionaire admits he was wrong about Bitcoin, Feb. 25–Mar. 3

Citadel Securities will enter the crypto market, CEO Ken Griffin confirmed. DCG announced a $250 million share repurchase for Grayscale products.

2022-3-4 21:45
crypto confirmed dcg griffin ceo market announced

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3AC founder Kyle Davies ‘not sorry’ for company’s bankruptcy

Kyle Davies, co-founder of the hedge fund Three Arrows Capital, gave an extensive interview to journalist Laura Shin.

Эндрю Канг покупает оригинальный Pepe NFT у 3AC Estate на распродаже Sotheby

Соучредитель Mechanism Capital, Эндрю Канг, приобрел оригинальный NFT, Pepe the Frog у обанкротившегося крипто-хедж-фонда Three Arrows Capital, известного как 3AC, за нераскрытую сумму. Аукционный дом Sotheby’s способствовал частной продаже в рамках ликвидации оставшихся NFT 3AC.

DCG подает ходатайство об отклонении «необоснованных» исков NYAG

Digital Currency Group подала сегодня ходатайство об отклонении иска генерального прокурора Нью-Йорка, Летиши Джеймс, против нее и ее дочерней компании Genesis Global Capital. Иск был подан в октябре 2023 года, а в прошлом месяце его расширили.

Gemini заплатит штраф в размере $37 млн и вернет более $1 млрд долларов клиентам Earn

Криптовалютная биржа Gemini согласилась выплатить крупный штраф финансовому регулятору Нью-Йорка за несоблюдение требований и должна вернуть не менее 1,1 миллиарда долларов клиентам программы кредитования Gemini Earn.

Another crypto exchange supported by Su Zhu raises $4m

OX.FUN, reportedly supported by controversial Three Arrows Capital (3AC) founder Su Zhu, has closed a new $4 million funding round led by Foresight Ventures. According to the OX.FUN post on X, investment will be used for product iteration, team building,…

Hong Kong, Singapore attract increasing crypto VC funding

Over 11% of global VC funding in blockchain and crypto was funneled towards ventures based in Hong Kong and Singapore, PitchBook data shows.

Hong Kong, Singapore attracting increasing crypto VC funding

Over 11% of global VC funding in blockchain and crypto was funneled towards ventures based in Hong Kong and Singapore, PitchBook data shows.

2023-2-28 13:19

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