Barry Silbert News

11.01 / 16:41

cryptocurrency Bloomberg Opinion Crypto's Hotel California traps the Winklevoss twins

You can get into crypto any time you like, but can you ever leave? A fierce $900 million Bitcoin feud between the billionaire Winklevoss twins and Barry Silbert suggests the virtual currency bubble’s main legacy is a version of Hotel California, with clients desperately hoping for fresh money to pick up the tab — or a change in management that will let them check out.

11.01 / 16:23

business Gemini Bitcoin dutch Dutch exchange Bitvavo rejects DCG’s proposal to repay 70% of debt

Cryptocurrency exchange Bitvavo, a major creditor of the troubled crypto company Digital Currency Group (DCG), has dismissed DCG’s proposal of partial debt repayment.

11.01 / 15:11

regulation Grayscale FTX Bitcoin letter DCG chief Barry Silbert pens letter to shareholders, community reacts

The crypto community woke up to another drama-filled day after the Digital Currency Group (DCG) chief's reflection went wrong. DCG chief Barry Silbert penned a letter to the shareholders on Jan. 10, reflecting on the state of the crypto market and the growing FUD around the company. DCG is the parent company of Genesis Global Capital, a crypto lending firm and Grayscale, the world’s leading crypto asset manager.

11.01 / 13:13

Gemini Winklevoss Twins Digital Currency Group Cameron Winklevoss Calls for DCG Board to Sack Barry Silbert

Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, has written an open letter to the Digital Currency Board (DCG) board, asking for the removal of the venture capital firm's CEO Barry Silbert.

10.01 / 19:57

markets Federal Reserve Bitcoin Bitcoin Price Bitcoin price targets include new $14K dip as Fed's Powell avoids inflation

Bitcoin (BTC) traders faced disappointment at the Jan. 10 Wall Street open after the United States Federal Reserve declined to comment on future policy.

10.01 / 17:35

business Gemini Cameron Winklevoss: 'There is no path forward as long as Barry Silbert remains CEO of DCG'

Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, has penned an open letter to the board of Digital Currency Group, or DCG, saying CEO Barry Silbert was “unfit” to run the company.

06.01 / 23:31

business FTX Digital Currency Group Crypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds

After Sam Bankman-Fried was handed over to United States officials last month, his top lieutenants — Caroline Ellison and Gary Wang — had already been cooperating with the feds. The two pleaded guilty to a slew of charges and agreed to assist the Southern District of New York to investigate FTX and their former boss. SBF had his day in court on Jan. 3 and pled not guilty to all criminal charges.

06.01 / 19:31

BTC Platform Bitcoin Luna Will DCG Insolvency Lead to Another Major Scandal?

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

05.01 / 15:05

FTX Digital Currency Group Time Crypto Brokerage Genesis Global Trading Asks for More Time to Resolve Lending Issues – What is Going On?

Derar Islim, the interim CEO of crypto brokerage Genesis Global Trading, has told clients that they need more time to resolve the financial crisis plaguing its lending business.

05.01 / 00:11

business Gemini Digital Currency Group Time Financial Genesis tells clients it needs more time on financial woes after Gemini demands action

Derar Islim, interim CEO of crypto market maker and lender Genesis, has sent a letter to clients updating them on the company’s efforts to prop up its finances and resume withdrawals and new lending. The letter, sent on Jan. 4, comes two days after a Twitter exchange between Barry Silbert, CEO of Genesis’ owner the Digital Currency Group, and Cameron Winklevoss, cofounder of the Gemini crypto exchange, in which Winklevoss criticized Genesis’ handling of its problems.

04.01 / 08:13

business Ethereum Gemini Bitcoin Grayscale ETH trust nears record 60% discount as nerves continue over DCG

The Grayscale Ethereum Trust (ETHE) is trading at nearly a 60% discount to the underlying value of its assets, with shares falling 93% from its Jun. 2019 all-time high (ATH).

03.01 / 23:13

Ethereum Binance Gemini Bitcoin Rocky week 3 reasons why it could be a rocky week for Bitcoin, Ethereum and altcoins

Continuing with 2022’s trend, there is a lack of positive excitement in the crypto market. While Bitcoin (BTC) and altcoins have remained stagnant to start 2023, there are a few reasons why volatility could spike in January.

02.01 / 19:15

business BLOCK Gemini letter open Cameron Winklevoss pens open letter to Barry Silbert about Gemini’s blocked funds

Jan. 2 “marks 47 days since Genesis halted withdrawals,” Cameron Winklevoss, cofounder of the cryptocurrency exchange Gemini, pointed out in an open letter to Barry Silbert, CEO of the Digital Currency Group (DCG), which owns Genesis. Winklevoss went on to make a blunt appraisal of DCG’s business practices.

24.12 / 22:01

Binance coinbase Gemini Forbes Lost Crypto billionaires lost $116M since March: Report

The bear market and the wave of bankruptcies in the crypto industry drained $116 billion from the pockets of founders and investors in the past nine months, according to recent estimates by Forbes.

08.12 / 20:09

Twitter Digital Hack DappRadar Lost New Report: November Month Alone Saw Record-Breaking $4.88 Billion Worth of Crypto Lost or Stolen – Here’s What Happened

As much as $4.88bn worth of crypto was either lost or stolen in November, with one incident alone accounting for a whopping $2.8bn, a new report from DappRadar has revealed.

04.12 / 13:59

Gemini Winklevoss Twins Digital Currency Group Crypto lender Genesis Gemini Exchange Seeks to Retrieve $900 Million from Crypto Lender Genesis

Cryptocurrency exchange Gemini is trying to recover the $900 million it had paid in loan to crypto broker Genesis and its parent company Digital Currency Group (DCG).

04.12 / 00:41

business Digital Currency Grayscale Will Grayscale be the next FTX?

On Nov. 18, Grayscale, the asset manager running the world’s largest Bitcoin (BTC) fund, released a statement detailing the security of its digital assets products and affirming that it won’t share its proof of reserves with customers.

30.11 / 17:23

COST Digital Kirklands genesis creditors Creditors of Troubled Crypto Brokerage Genesis Seek Options to Avoid Bankruptcy

Creditors of the troubled crypto broker and lending firm Genesis Global are working with restructuring lawyers to draft a plan to could allow the firm to avoid bankruptcy.

25.11 / 19:17

markets business Disaster Disaster looms for Digital Currency Group thanks to regulators and whales

The cryptocurrency tide is flowing out, and it looks more and more like Digital Currency Group (DCG) has been skinny dipping. But let’s be clear: The current crypto contagion isn’t a failure of crypto as a technology or long-term investment. DCG’s problem is one of failure by regulators and gatekeepers.

23.11 / 23:21

Digital Digital Currency Group genesis Genesis Has $2.8 Billion in Outstanding Loans, Parent Company DCG Was Lent Substantial Amounts - Here’s What You Need to Know

Troubled crypto trading and lending firm Genesis Global has lent out some $2.8bn to various crypto firms, including large loans to its parent company, Barry Silbert’s Digital Currency Group (DCG).

23.11 / 18:59

markets Grayscale Bitcoin Bitcoin Price analyst BTC price holds $16K as analyst says Bitcoin fundamentals 'unchanged'

Bitcoin (BTC) lingered near $16,500 at the Nov. 23 Wall Street open as United States markets awaited Thanksgiving cues.

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