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DCG And Gemini Ink A Plan: Users To Receive All Their Crypto?
Per a report from TheBlock, Digital Currency Group (DCG) reached an agreement with crypto exchange Gemini. The two parties have been negotiating for months after the collapse of crypto lender Genesis, a DCG subsidiary, and the Gemini Earn program. дальше »
2023-9-14 21:00 | |
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Digital Currency Group subsidiary Luno to pause certain UK services, citing forthcoming regulations
Luna, a subsidiary of Digital Currency Group (DCG), will soon pause certain services in the U. K. , according to a report on Sept. 11. That report indicates that the company will halt some crypto trading features by Oct. дальше »
2023-9-12 02:30 | |
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FBI Interviews Winklevoss Twin On DCG’s Crypto Fraud Charges
Cameron Winklevoss, co-founder of the crypto trading platform Gemini Trust Co, has been interviewed by agents from the Federal Bureau of Investigation (FBI), staff from the Securities and Exchange Commission (SEC), and New York City prosecutors in recent months, according to a source familiar with the matter. дальше »
2023-9-8 09:10 | |
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Genesis Global set to quit crypto spot trading business
Genesis Global Trading, an affiliate of Digital Currency Group (DCG), plans to cease its crypto spot trading operations this month due to undisclosed “business reasons.” This voluntary decision stems from a series of business considerations and follows the January bankruptcy… дальше »
2023-9-6 13:49 | |
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Gemini filed an opposition to Genesis’s bankruptcy plan
Gemini, a crypto exchange led by the Winklevoss twins, opposed the bankruptcy plan by Genesis and Digital Currency Group (DCG). Gemini‘s lawyers explained that the bankruptcy plan lacks enough details and guarantees for some of the largest debtors. The Gemini’s filing stated… дальше »
2023-8-31 16:31 | |
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Genesis Global And DCG Strike Crucial Deal With Creditors: 90% Recovery Imminent?
The latest update for the financial complications faced by Genesis Global, a notable name in the crypto lending space, and its parent company, Digital Currency Group (DCG), shows that both entities seem to have navigated their way out of the murky waters, striking an agreement with their creditors. дальше »
2023-8-30 02:00 | |
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Crypto firm Genesis secures landmark agreement
The agreement will mitigate financial challenges faced by Genesis. The proposed amendments could facilitate recoveries ranging from 65% to 90% of assets. Digital Currency Group (DCG) has reaThe post Crypto firm Genesis secures landmark agreement appeared first on AMBCrypto. дальше »
2023-8-29 16:00 | |
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Genesis and DCG reach in-principle agreement to recover creditors’ funds
Digital Currency Group (DCG) moving toward resolving the financial challenges of its crypto lending subsidiary, Genesis. The agreement could possibly lead to a fair recovery for creditors. The agreement is still subject to several handles, but Genesis expects the agreement to be completed in the coming weeks. дальше »
2023-8-29 13:14 | |
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CoinDesk to lay off 45% of editorial staff amid restructuring: Report
Crypto media outlet CoinDesk is laying off 45% of its editorial staff in a sweeping restructuring move as its parent company Digital Currency Group (DCG) seeks to bring on strategic investors, according to an internal memo reviewed by The Block. дальше »
2023-8-14 19:03 | |
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Barry Silbert And DCG On The Offensive: Look To Dismiss Gemini’s Lawsuit
Per a Bloomberg report, Digital Currency Group and its CEO Barry Silbert are moving to try to dismiss the lawsuit filed by their former partner, crypto exchange Gemini. The two entities have been in a legal battle since early 2023 due to its “Earn Program,” which collapsed with Genesis. дальше »
2023-8-11 02:00 | |
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DCG labels Gemini lawsuit as ‘character assassination’ in motion to dismiss
Digital Currency Group (DCG) filed motions to dismiss the lawsuit brought against it by crypto exchange Gemini, according to an Aug. 10 court filing. DCG described the Gemini lawsuit as a continuation of the exchange’s public relations “character assassination” campaign started by its co-founders, Cameron and Tyler Winklevoss. дальше »
2023-8-11 00:55 | |
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DCG and Barry Silbert move to dismiss crypto exchange Gemini's lawsuit
DCG moves to court to dismiss Gemini's lawsuit. The lawsuit was filed against the platform in July 2023 The lawsuit claims that Gemini cannot hold DCG accountable for the misrepresentations madThe post DCG and Barry Silbert move to dismiss crypto exchange Gemini's lawsuit appeared first on AMBCrypto. дальше »
2023-8-11 23:00 | |
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Barry Silbert’s DCG Asks Judge to Toss Gemini Lawsuit
Digital Currency Group (DCG) and its CEO, Barry Silbert, are seeking the dismissal of a lawsuit brought against them by the Gemini Trust Inc. crypto exchange, following disputes linked to DCG’s Genesis Global freezing withdrawals дальше »
2023-8-10 21:25 | |
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Alameda Research wants GBTC shareholders to join lawsuit against Grayscale
Alameda Research, a bankrupt crypto investment firm, is soliciting the support of claimants holding 10% of Grayscale’s Bitcoin Trust (GBTC) shares in its ongoing lawsuit against the crypto investment management company and its parent firm, Digital Currency Group (DCG). дальше »
2023-7-29 00:30 | |
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Grayscale Bitcoin Trust’s Premium Falls To 28% As Tug-Of-War With SEC Continues
The Grayscale Bitcoin Trust (GBTC) has been on an uncertain journey over the last year as crypto headwinds have fluctuated. This was a result of the uncertainty triggered by the Genesis Trading bankruptcy, a company under the same Digital Currency Group (DCG) umbrella, of which the GBTC is a part. However, the trust has done […] дальше »
2023-7-12 02:30 | |
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Crypto exchanges in the crosshairs as Gemini sues DCG, BlackRock resubmits bitcoin ETF application | Weekly recap
Gemini sues DCG for alleged fraud, adding to ongoing tension. Regulatory matters a global concern. BlackRock submits renewed application for bitcoin ETF дальше »
2023-7-9 16:41 | |
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Crypto Biz: Winklevoss slams Silbert, Twitter’s double-edged sword and more
This week’s Crypto Biz also explores Gemini’s fight with the Digital Currency Group (DCG) over user funds, new banking tools for the digital yuan, and OpenAI’s efforts to stop users from jumping paywalls. дальше »
2023-7-8 17:32 | |
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Crypto Clash: Gemini And Genesis Owner Barry Silbert Go To Court Over Lost Bitcoin
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has filed a lawsuit against Digital Currency Group (DCG) and its founder Barry Silbert in a New York court on July 7. The company is seeking to recover the damages and losses incurred due to DCG’s and Silbert’s alleged “false, misleading, and incomplete” representations and […] дальше »
2023-7-8 01:00 | |
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Crypto exchange Gemini takes its trouble with DCG and Barry Silbert to court
Gemini launched a lawsuit against DCG and its head claiming misrepresentation of facts and financial statements. DCG class the accusations of wrongdoings as "baseless, defamatory, and completThe post Crypto exchange Gemini takes its trouble with DCG and Barry Silbert to court appeared first on AMBCrypto. дальше »
2023-7-7 21:00 | |
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Gemini Sues Digital Currency Group and Founder Barry Silbert Alleging 'Fraud'
Gemini and its founders sued Digital Currency Group on Friday alleging that it incurred losses due to DCG's "false, misleading and incomplete representations" tied to DCG subsidiary Genesis' work with Gemini on the crypto company's Earn product. дальше »
2023-7-7 18:06 | |
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Pro-XRP Lawyer Responds To Winklevoss’ Letter To DCG CEO: Legal Battle On The Horizon?
A recent dispute within the industry has seen Cameron Winklevoss, a prominent investor, and co-founder of the crypto platform Gemini, engage in public discourse with Barry Silbert, CEO of the Digital Currency Group (DCG). дальше »
2023-7-4 14:30 | |
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Renewed Crypto Drama: Gemini’s Winklevoss Threatens DCG With Lawsuit Within 72 Hours
In a recent open letter addressed to Barry Silbert, the CEO of Digital Currency Group (DCG), Cameron Winklevoss, co-founder of the popular cryptocurrency exchange Gemini, has reignited the ongoing saga surrounding the alleged fraudulent behavior of DCG and its subsidiary, Genesis. дальше »
2023-7-4 09:10 | |
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Crypto Lender Genesis Amends Reorganization Plan as Mediated Talks Continue
The updated plan from mediated discussions with parent company DCG reflects “substantial agreement” on several key issues. дальше »
2023-6-14 18:58 | |
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DCG shutters TradeBlock institutional trading platform
Digital Currency Group (DCG) will close its institutional trading platform, TradeBlock, by the end of the month, Bloomberg reported May 25. Crypto market challenges DCG’s decision to close TradeBlock comes amidst a harsh crypto market. дальше »
2023-5-26 02:01 | |
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Genesis’ Parent Company DCG Missed a $650M Payment to Gemini, 232,000 Earn Users in Limbo
The Digital Currency Group (DCG), a leading crypto conglomerate and parent company of Genesis lending division, finds itself entangled in the bankruptcy proceedings between Gemini and Genesis. The last few... дальше »
2023-5-23 01:00 | |
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Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment
Bankrupt crypto lender Genesis has filed a motion to extend the exclusivity period for its reorganization plan by 100 days. Why Genesis sought an extension In a May 19 court filing to the United States Bankruptcy Court for the Southern District of New York, the bankrupt lender, said it needed the extension “to achieve a […] The post Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment appeared first on CryptoSlate. дальше »
2023-5-22 14:45 | |
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DCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital
The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments. дальше »
2023-5-9 16:18 | |
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Gemini enters mediation, hopes to quickly resolve DCG dispute
The Gemini crypto exchange hopes mediation will produce a swift resolution to negotiations with Digital Currency Group (DCG) about returning funds belonging to users of the now-defunct Gemini Earn program. дальше »
2023-5-1 12:51 | |
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Multiple Genesis Capital creditors walk away from agreement – DCG responds
A group of unnamed Genesis Capital creditors have raised new demands and walked away from their previous agreement with the bankrupt crypto firm. Genesis Capital wants the court to appoint a mediator In an April 24 court filing, the bankrupt crypto lender applied for appointing a sitting bankruptcy judge in the Southern District of New […] The post Multiple Genesis Capital creditors walk away from agreement – DCG responds appeared first on CryptoSlate. дальше »
2023-4-25 15:17 | |
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DCG Lost Over $1 Billion In 2022 Due To Crypto Market Crash: Report
The crypto winter of 2022 affected many firms, digital assets, and investors. The fall of crypto asset prices led to massive losses for many participants. Fast-forward to 2023, some firms still struggle to survive the aftermath of last year’s revenue loss. дальше »
2023-3-1 15:30 | |
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DCG records over $1b loss in 2022 amid crypto collapses
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… дальше »
2023-2-28 13:19 | |
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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. дальше »
2023-2-9 21:00 | |
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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… дальше »
2023-2-7 16:54 | |
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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. дальше »
2023-2-7 16:30 | |
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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… дальше »
2023-2-7 15:08 | |
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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. дальше »
2023-2-7 21:32 | |
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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. дальше »
2023-1-30 22:18 | |
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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… дальше »
2023-1-25 14:25 | |
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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. дальше »
2023-1-24 00:30 | |
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