Tag: digital currency group

Jan 24 2023

Jan 23 2023

What to Watch in Crypto This Week

Here are some of the most important things to watch out for this week: 1\. Genesis’s First Bankruptcy Hearing Digital Currency Group subsidiary Genesis has filed for Chapter 11 bankruptcy protection and is scheduled to have its first...

Jan 20 2023

Crypto Lender Genesis Files for Bankruptcy

Digital Currency Group subsidiary Genesis Global Capital has filed for bankruptcy protection. It owes over $3.5 billion to its top 50 creditors $3.5 Billion in Liabilities After months of uncertainty,...

Will “Gemini Earn” Users Get Their Money Back?

Gemini co-founder Cameron Winklevoss on Friday said the firm will continue with its decision to take legal action against...

Crypto Lender Genesis Filed for Bankruptcy Amid Troubles

Jan 20 2023 Published at Coingape under tags  digital currency group genesis global news

On Thursday, January 19, crypto lender Genesis Global finally filed for Chapter 11 bankruptcy protection in the Manhattan federal court. This makes Genesis the latest victim of...

Jan 18 2023

Digital Currency Group Halts Quarterly Dividends Amid Genesis Lawsuit

Digital Currency Group (DCG) announced that it is suspending its quarterly dividend payouts, “until further notice” as it aims to preserve liquidity. The firm cited that it is currently...

Jan 14 2023

The Chopping Block: Why Gemini Users Are Mad at Genesis and DCG – Ep. 443

Welcome to “The Chopping Block!” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. Show topics: Haseeb’s TL;DR of the ongoing situation between DCG, Genesis and Gemini whether DCG committed fraud because of a misrepresentation of its financials why DCG did Genesis a favor by absorbing the losses from exposure to Three...

Jan 13 2023

DCG’s Dilemma: Should It Sell Its GBTC Holdings to Repay Gemini? – Ep. 442

Gemini has accused Digital Currency Group CEO Barry Silbert of fraud after allegedly misrepresenting the financials of his company. The accusations follow a dispute over the return of $900 million in assets owed to Gemini Earn’s users. Karim Dandashy, CFA and portfolio manager at XBTO Group, discusses everything about the ongoing drama between Genesis, its parent company DCG, and Gemini. Show highlights: the...

Potential Paths Forward For The Grayscale Bitcoin Trust

An interesting saga is developing for Digital Currency Group and its Grayscale Bitcoin Trust with accusations of fraud coming from the co-founder of Gemini.The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,...

Jan 10 2023

Gemini’s Winklevoss Alleges DCG, Genesis Defrauded His Exchange And 340,000 Users

Cameron Winklevoss, president and co-founder of Gemini, has written an open letter demanding Barry Silbert’s removal as CEO of Digital Currency Group.The Co-Founder of Gemini, Cameron Winklevoss, has released an extensive letter alleging that Genesis and its parent company, Digital Currency Group (DCG), defrauded Gemini and more than...

Gemini’s Cameron Winklevoss Calls for Barry Silbert’s Ousting as DCG CEO

Gemini made a new move against Digital Currency Group today when co-founder Cameron Winklevoss called on the companys board to fire Barry Silbert. A Campaign of Lies The tension between...

Jan 03 2023

DCG Drama Recap: Winklevoss Letter, Grayscale Troubles, Class-Action Arbitration

Barry Silberts woes continue as Cameron Winklevoss ratchets up the pressure, Gemini Earn customers file for class-action arbitration, and Grayscales Ethereum Trust trades at its lowest discount ever. New Year,...

Nov 22 2022

Digital Currency Group Reveals $2B in Liabilities, Including Debt to Its Own Subsidiary

Nov 22 2022 Published at Crypto Briefing under tags  digital currency group genesis news

Digital Currency Group (DCG) currently has $2 billion worth of loans according to a letter sent to shareholders today. DCG Outlines Lending Situation In a shareholder letter sent to investors...

Nov 16 2022

Gemini Halts Withdrawals For Its EARN Program. Is The Giant Under Water?

Make no mistake, Gemini promises that “all customer funds held on the Gemini exchange are held 1:1 and available for withdrawal at any time.” And, apparently, they’re just temporally halting withdrawals in one of its services. However, in the fear-ridden climate we’re living in, is it worth the risk to keep funds in the exchange? Especially considering that their website was down for...

Nov 11 2022

Genesis Trading Claims $175M Of Funds Are Locked In FTX

The most recent company to declare exposure to FTX is Genesis Trading and it may seek assistance from its parent company. Genesis Trading, the market maker and lending arm of Digital Currency Group, disclosed that its derivatives business has about $175 million in funds stashed away in an FTX trading account in what it describes […] The post...

Aug 17 2022

From Genesis To Exodus: Crypto Broker Replaces CEO As It Cut 20% Of Staff

The CEO of institutional cryptocurrency broker Genesis Global Trading, Michael Moro, has announced his resignation and that the company will lay off 20% of its staff. The decision represents additional fallout from the failure of Three Arrows Capital, a company to which Genesis had a sizable exposure. Genesis CEO To Resign As 20% Of Workforce Is Axed In an effort to restructure and...

Jun 03 2022

Digital Currency Group’s NY Expansion In Doubt After Crypto Mining Ban

Digital Currency Group (DCG) CEO Barry Silbert expressed doubt over the company's New York expansion if a crypto mining ban became law. DCG-...

Dec 22 2021

Nov 18 2021

Know a good blog/source that is not listed? Contact us or fill the form below to add one: