Tagged: digital currency group

NYAG Amends Lawsuit Against Gemini and DCG, Alleging that Investors Were Defrauded Out of Over $3 Billion

New York Attorney General Letitia James recenty filed an amended complaint, expanding the Office of the Attorney General’s (OAG) lawsuit against Digital Currency Group, Inc., DCG’s CEO, Barry Silbert, and Genesis Global Capital, LLC and its affiliates’ (Genesis) former CEO, Soichiro Moro, for allegedly “defrauding… Read More

Barry Silbert’s Exit as Board Member of Grayscale Described as Christmas Gift

Barry Silbert, the founder of Grayscale, which is part of the Digital Currency Group (DCG), has resigned from his position as a board member of Grayscale. Grayscale is the sponsor of the Grayscale Bitcoin Trust (OTC:GBTC), an OTC markets traded vehicle that allows investors to… Read More

Gemini Is Encouraging Other Creditors to Get Behind a Plan to Obtain More Money from Genesis’ Parent Firm, Digital Currency Group

Digital currency exchange Gemini is attempting to encourage various other creditors behind a plan to get more money from bankrupt cryptocurrency lending company Genesis‘ parent firm, the Digital Currency Group (DCG), This, according to an update from the Information shared this past Friday. The latest… Read More

Gemini Sues Digital Currency Group (DCG), CEO Barry Silbert After Dispute Over Unit’s Restructuring Process

Digital asset firm Gemini, one of the largest creditors of bankrupt virtual currency lending platform Genesis, has reportedly sued parent firm Digital Currency Group (DCG) and its CEO. This update has been announced the day after DCG missed the crypto exchange’s deadline for agreeing to… Read More

Cameron Winklevoss of Gemini Sends Terms to DCG, Barry Silbert

The ongoing battler between the Digital Currency Group (DCG) and Gemini has ratcheted up as Cameron Winklevoss has sent a demand letter to DCG and founder Barry Silbert. To take a step back, Gemini had utilized the services of DCG subsidiary Genesis for its yield… Read More

Genesis Reaches an Agreement in Principle with Parent Digital Currency Group

Genesis Global Holdco, LLC says that it has reached an “agreement in principle” with Digital Currency Group (DCG) and the ad hoc groups of creditors of Genesis Global Capital, LLC, which holds or represents more than $2 billion in claims, according to a note from… Read More

Genesis Files for Bankruptcy After Holding Out for Weeks as Crypto Contagion Continues

Late last night, Genesis, part of the Digital Currency Group (DCG), filed for Chapter 11 bankruptcy protection as it looks to restructure in light of a challenging environment in the crypto sector which has impacted multiple firms. Genesis is a digital asset prime brokerage that… Read More

Gemini Comments on SEC Enforcement Action Targeting it and Genesis

Yesterday, the Securities and Exchange Commission (SEC) announced an enforcement action against Gemini, a digital asset platform, and Genesis – a subsidiary of Digital Currency Group (DCG). The revelation of the lawsuit arrived at a challenging time for both firms as Gemini is in the… Read More

Boom. SEC Files Charges Against BOTH Gemini and Genesis for Sale of Unregistered Securities in Earn Program

The ongoing virtual fisticuffs between Gemini and Genesis – a subsidiary of Digital Currency Group (DCG), just took a dramatic twist as the Securities and Exchange Commission (SEC) has filed charges against both Gemini and Genesis pertaining to the Gemini Earn program and the sale… Read More

Accounting Fraud and Private Lies: Cameron Winklevoss Calls Out Digital Currency Group as Temperatures Rise in Dispute

Cameron Winklevoss, co-founder of the Gemini, has taken to Twitter once again to take Digital Currency Group (DCG) to task in regards to their relationship with DCG subsidiary Genesis. Last week, Winklevoss posted a letter on Twitter criticizing founder Barry Silbert and his DCG, hammering… Read More

Crypto Analyst Provides Gloomy Perspective on Digital Currency Group, Genesis: “Curtains are Closing”

The drums are pounding for institutional crypto trading firm Genesis and its parent company Digital Currency Group (DGC). Genesis halted redemptions in November following “abnormal withdrawal requests which have exceeded our current liquidity.” This event has impacted the crypto trading platform Gemini as it utilized… Read More

Genesis Pondering Bankruptcy Filing: Report

Genesis, part of the Digital Currency Group (DCG) and previously a big crypto lender, is considering filing for Chapter 11 bankruptcy, according to a report. The institutional-focused digital asset platform revealed issues in November when it temporarily suspended redemptions. Genesis, like some other crypto firms,… Read More

Gemini Sends Letter to Barry Silbert, Digital Currency Group Founder: You took this money … to fuel greedy share buybacks, illiquid venture investments

Crypto firm Gemini has posted an open letter criticizing Barry Silbert and his company Digital Currency Group (DCG). In November, following the collapse of FTX, Genesis – a subsidiary of DCG – halted redemptions. Gemini had utilized the Genesis lending platform for its Earn program… Read More

Grayscale Affirms All Crypto is Safe

Grayscale, part of the Digital Currency Group (DCG), published a blog post in recent days telling users that “all digital assets are safe and secure.” Grayscale is the issuer of multiple digital asset-based funds like the Grayscale Bitcoin Trust (OTCQX:GBTC), which is traded on OTC… Read More

Genesis Suspends Redemptions: “Abnormal withdrawal requests which have exceeded our current liquidity”

Genesis, an institutional-focused digital asset platform, has posted a series of Tweets revealing a strained platform following the collapse of FTX this past week. Genesis is part of the Digital Currency Group – one of the most prominent entities in the digital asset world. Genesis… Read More

dWallet Labs Raises $5 Million Seed Round led by Digital Currency Group, Node Capital

dWallet Labs has raised a $5 million seed round led by Digital Currency Group and Node Capital, according to a company statement. Other investors include; Amplify Partners, Lightshift Capital, Liquid2 Ventures, Collider Ventures, Lemnsicap, Heroic Ventures, Impatient Ventures, Zero Knowledge, Dispersion Capital, Token Bay Capital,… Read More

Digital Asset Prime Brokerage Genesis Announces Leadership Shake Up

Genesis, a digital asset prime brokerage providing services for qualified individuals and global institutional investors, has announced a number of executive changes to “position the company for its next phase of growth.” Genesis is controlled by the Digital Currency Group. Effective immediately, Michael Moro, Genesis… Read More

Genesis Q2: Crypto Lending Drops 9%, OTC Trading Jumps 51%

Digital asset prime brokerage Genesis has published its Q2 report sharing some interesting insight into crypto markets. According to Genesis, crypto lending declined while OTC trading rocketed higher. Genesis shares: The lending desk originated $40.4 billion in new loans, a decline of 9% from the… Read More

Institutional Digital Asset Lending Platform, CLST, Acquires Funding from Spartan Group, Others

CLST, an institutional-only lending and borrowing venue for stablecoins and crypto assets, has closed a seed round, led by Spartan Group, with participation from Coinbase Ventures, Kraken Ventures, GSR, Menai Financial Group, Luno Expeditions, a subsidiary of Digital Currency Group, and TX Ventures – the… Read More

HBAR CEO on Crypto Markets: I don’t think the bottom is in

While Barry Silbert, founder and CEO of Digital Currency Group, says he is buying Bitcoin right now, others are not so convinced the bottom is in. Shayne Higdon, co-founder and CEO of the HBAR Foundation, believes there is more pain on the way. HBAR Foundation… Read More

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