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Genesis lenders call DCG agreement ‘wholly insufficient’
The in-principle agreement reached by DCG and creditors also said that the ad hoc group and Gemini did not support the deal.
дальше »2023-8-30 16:46 | |
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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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DCG обещает возместить до 90% убытков кредиторам криптоброкера Genesis
Венчурная компания Digital Currency Group достигла принципиального соглашения с кредиторами своего дочернего криптовалютного кредитного сервиса Genesis. DCG обещает вернуть инвесторам до 90% их вложений. дальше »
2023-8-29 13:24 | |
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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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DCG reaches ‘agreement in principle’ with Genesis creditors, debtors
The estimated U.S. dollar equivalent recoveries could amount to 70%–90% for Genesis creditors, should the amended plan be carried out. дальше »
2023-8-29 11:22 | |
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DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%
Digital Currency Group (DCG) and Genesis creditors have reached a deal in principle to resolve the claims in the Genesis Capital Chapter 11 cases, according to a court filing on Tuesday. дальше »
2023-8-29 09:15 | |
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Coindesk сократил численность персонала на 45%
В начале 2023 года деловые СМИ сообщили о намерении компании Digital Currency Group (DCG) продать портал Coindesk. Он был запущен в мае 2013 года и за короткое время стал одним из ведущих новостных сайтов о криптовалютах и блокчейн-технологиях. дальше »
2023-8-15 09:07 | |
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CoinDesk lays off over 40% of editorial staff to ‘ensure a financially sound business’ ahead of sale
Digital Currency Group (DCG) is laying off staff as the company tries to ensure that its expenses-to-profit ratio looks better for potential acquirers. DCG — the owner of CoinDesk — is cutting the publication’s editorial team by almost 45%, or… дальше »
2023-8-15 19:06 | |
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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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Gemini’s Cameron Winklevoss slams DCG for denying involvement in failed Earn program
Gemini co-founder Cameron Winklevoss criticized Digital Currency Group (DCG) on Aug. 11 as part of an ongoing dispute between the two firms. On Twitter, Winklevoss said: “[DCG’s] response [to Gemini’s lawsuit] … is filled with carefully crafted statements that are incredibly revealing … It completely ignores the reality of the situation in a comical way. дальше »
2023-8-12 00:08 | |
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Digital Currency Group (DCG) Files Motion to Dismiss Lawsuit by Gemini
Coinspeaker Digital Currency Group (DCG) Files Motion to Dismiss Lawsuit by Gemini The DCG filing notes that Silbert and the company "played an insignificant role in the Gemini Earn program", and Gemini's allegations of fraudulent behavior don't hold merit. дальше »
2023-8-14 13:54 | |
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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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Digital Currency Group files motion to dismiss Gemini lawsuit, claiming it’s a PR campaign
Gemini’s complaint filed in July alleged DCG and Barry Silbert had made “false, misleading, and incomplete representations and omissions” related to Genesis and the Earn program. дальше »
2023-8-10 22:15 | |
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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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New York AG probes transactions at Genesis, ties with Barry Silbert: Report
Digital Currency Group (DCG) is reportedly under investigation in New York for financial transactions involving its subsidiary, Genesis Global Capital. дальше »
2023-8-5 20:34 | |
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Report: New York’s Attorney General investigating DCG’s subsidiary
Digital Currency Group's subsidiary, Genesis Global Capital, is reportedly being investigated by the New York State Attorney General's Office дальше »
2023-8-5 10:58 | |
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New York Attorney General probing Digital Currency Group in relation to Genesis Global Capital : Report
The New York Attorney General (NYAG) is currently probing Digital Currency Group (DCG), according to reports from Bloomberg on Aug. 4. In recent months, the regulator has reportedly been investigating the DCG over its dealings with its subsidiary Genesis Global Capital. дальше »
2023-8-5 00:53 | |
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BREAKING: Digital Currency Group Faces Investigation By New York Attorney General’s Office
New York Attorney General Letitia James has reportedly launched an investigation into Digital Currency Group (DCG), the parent company of Genesis, a cryptocurrency firm that has been facing financial troubles. дальше »
2023-8-4 23:05 | |
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Digital Currency Group nearing settlement with Genesis creditors; reports $216M Q2 revenue as new CFO takes helm
Digital Currency Group (DCG) is close to settling with the creditors of its subsidiary, Genesis, Bloomberg said on July 31. DCG reportedly released its second-quarter shareholder letter on the same day as Bloomberg’s article. дальше »
2023-8-1 04:00 | |
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Genesis Chapter 11 Bankruptcy Set To Be Resolved Soon, DCG Says
Genesis Global Holdco, the parent company of cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection on January 20. The move came after Genesis Global Capital halted customer repayments on November 16, raising concerns about the potential failure of other firms. дальше »
2023-8-1 03:00 | |
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DCG Says It Sees Resolving Genesis Chapter 11 Bankruptcy Soon
Digital Currency Group comments on the restructuring in an investor letter. дальше »
2023-8-1 20:27 | |
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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 CEO Barry Silbert over Genesis Capital insolvency
Cryptocurrency exchange Gemini, founded by the Winklevoss twins, has filed a civil lawsuit against Digital Currency Group (DCG) and its CEO Barry Silbert. The lawsuit is rooted in a dispute over the insolvency of Genesis Capital, a firm with which Gemini had a significant business partnership. дальше »
2023-7-7 20:40 | |
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Gemini Files Legal Complaint Over DCG and Genesis ‘Fraud Against Creditors’
Cameron Winklevoss of Gemini on Friday took to Twitter to detail a legal action against Genesis and its parent company, Digital Currency Group. The post Gemini Files Legal Complaint Over DCG and Genesis ‘Fraud Against Creditors’ appeared first on BeInCrypto. дальше »
2023-7-8 20:30 | |
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Gemini files lawsuit against DCG and Barry Silbert alleging fraudulent activities
Cryptocurrency exchange Gemini has filed a lawsuit in a New York court against DCG (Digital Currency Group) and Barry Silbert. Cameron Winklevoss, the co-founder of Gemini, alleged in a tweet published today, June 7, that Silbert played a central role… дальше »
2023-7-7 18:23 | |
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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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Gemini’s Winklevoss Demands $1.46B Settlement from DCG In EARN Product Tussle
Gemini has escalated its conflict with Digital Currency Group (DCG) after approximately seven months since Genesis Global Trading, DCG’s lending arm, suspended withdrawals. On Tuesday, Gemini co-founder Cameron Winklevoss presented Barry Silbert, the founder of DCG, with a “best and final offer” letter to settle the $1. дальше »
2023-7-7 20:31 | |
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Will DCG and Barry Silbert Respond to Winklevoss Offer?
Gemini co-founder Cameron Winklevoss has given business partner Barry Silbert until 4p.m. ET today to respond to a proposed agreement for Earn customers. The post Will DCG and Barry Silbert Respond to Winklevoss Offer? appeared first on BeInCrypto. дальше »
2023-7-6 14:08 | |
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Кэмерон Уинклвосс угрожает Барри Силберту иском
Сегодня, 4 июля, соучредитель Gemini Кэмерон Уинклвосс опубликовал открытое письмо. В нем он пригрозил Барри Силберту, основателю DCG, иском, если конгломерат не погасит долг перед биржей и ее клиентами на сумму в $1,46 млрд. дальше »
2023-7-5 19:54 | |
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Gemini gives DCG a $1.46b debt repayment ultimatum
Gemini co-founder Cameron Winklevoss has proposed a final offer, mandating Digital Currency Group’s (DCG) Barry Silbert and his embattled company to start reimbursing Gemini Earn creditors by July 21 or face a lawsuit. There appears to be a glimmer of… дальше »
2023-7-4 16:15 | |
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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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Winklevoss gives DCG 2 days to accept Gemini’s ‘best and final offer’
The co-founder of the Gemini cryptocurrency exchange, Cameron Winklevoss, publicly issued an ultimatum to Barry Silbert, the CEO of the Digital Currency Group (DCG), on July 4. In an open letter, he announced Gemini’s “best and final offer” for debt restructuring, giving Silbert a tight deadline of just two days to respond. дальше »
2023-7-4 12:58 | |
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Gemini пригрозила судом основателю DCG за неуплату долга по программе Gemini Earn
Криптовалютная биржа Gemini направила письмо основателю Digital Currency Group (DCG) Барри Зильберту, потребовав погашения долга $1,46 млрд. В противном случае Gemini может подать на DCG в суд. дальше »
2023-7-5 09:20 | |
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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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