Digital Currency Group Financial News

26.04 / 10:51

Legal Digital Currency Group DCG DCG Boosts Legal Arsenal with First Chief Hire During New York AG Dispute

Digital Currency Group (DCG), parent firm of bankrupt crypto lender Genesis, has brought on its first-ever chief legal officer as it faces a lawsuit from New York’s Attorney General.

21.05 / 16:43

Digital Currency Group Bitcoin Price Crypto lender Genesis Customers Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down

Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group (DCG), with no recovery from the bankruptcy. US Bankruptcy Judge Sean Lane approved Genesis' Chapter 11 liquidation plan and overruled an objection raised by DCG, which had argued that Genesis should pay its customers and creditors no more than what the crypto assets were valued at in January 2023, when Genesis filed for bankruptcy.

22.02 / 07:29

Digital Currency Group genesis DCG Objects Settlement Between NY Attorney and Failed Genesis

Crypto VC Digital Currency Group (DCG) has called the settlement between subsidiary Genesis and New York as a “subversive arrangement.”

13.01 / 00:37

Digital Currency Group NYDFS Genesis Global Trading Settles with NYDFS, Pays $8 Million Penalty, and Surrenders BitLicense

Genesis Global Trading, a subsidiary of Digital Currency Group, has agreed to pay an $8 million penalty to the New York State Department of Financial Services (NYDFS) after settling allegations of compliance failures. The NYDFS accused the company of violating virtual currency and cybersecurity regulations, leading to its vulnerability to illicit activities and cybersecurity threats.

10.01 / 06:22

Digital Currency Group DCG Controversy Arises as Genesis Creditors Challenge DCG’s Claim of Full Debt Repayment

Digital Currency Group (DCG) is facing allegations from an ad hoc group of lenders, claiming that DCG has not fulfilled its repayment requirements to its bankrupt subsidiary, Genesis Global.

08.01 / 17:56

Digital Digital Currency Group President Universities Celebrity Courts Former DCG Advisor Larry Summers Named Among Academics Linked to Epstein List

Larry Summers, a former Digital Currency Group (DCG) advisor, has been named as one of several academics in connection with the infamous American financier Jeffrey Epstein.

08.01 / 12:09

Digital CEO Platform Gemini Digital Currency Group genesis social Digital Currency Group has Settled Over $1 Billion in Debt, Including $700 Million Owed to Bankrupt Genesis

Digital Currency Group (DCG) has successfully settled over $1 billion in debt, including the substantial amount of nearly $700 million owed to its bankrupt subsidiary, Genesis.

29.11 / 03:31

business Court Digital Currency Group Bankruptcy end Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit

Bankrupt crypto lender Genesis and its parent company, Digital Currency Group (DCG), has struck a deal that could end an ongoing lawsuit to claw back $620 million in repayments from DCG.

20.11 / 15:25

business Blockchain Social Media Media Digital Currency Group stake Crypto exchange Bullish buys 100% stake in crypto media site CoinDesk: Report

Crypto media platform CoinDesk has been acquired by crypto exchange Bullish on Nov. 20 for an undisclosed sum, according to a report published in The Wall Street Journal (WSJ).

27.10 / 20:43

regulation Gemini Fraud Winklevoss Twins Digital Currency Group Bankruptcy Gemini sues Genesis over GBTC shares used as Earn collateral, now worth $1.6B

Cryptocurrency exchange Gemini filed an adversary proceeding against bankrupt crypto lender Genesis Global Holdco in the Southern District of New York Bankruptcy Court on Oct. 27. At issue is the fate of 62,086,586 shares of Grayscale Bitcoin Trust (GBTC). They were used as collateral to secure loans made by 232,000 Gemini users to Genesis through the Gemini Earn Program. That collateral is currently worth close to $1.6 billion.

19.10 / 18:37

DEX Web3 Decentralized Exchange Digital Currency Group Lawsuit radix Render Best Crypto to Buy Now October 19 – Rollbit Coin, Radix, Render

New York Attorney General Letitia James made headlines today by filing a lawsuit against cryptocurrency firms Genesis Global, Digital Currency Group (DCG), and Gemini.

19.10 / 12:39

regulation Gemini Digital Currency Group New York Attorney General sues Gemini, Genesis, DGC for allegedly defrauding investors

New York’s attorney general has filed a lawsuit against cryptocurrency firms Gemini, Genesis and Digital Currency Group for allegedly defrauding investors through the Gemini Earn investment program.

28.09 / 05:21

Gemini Winklevoss Twins Digital Currency Group genesis Gemini Reportedly Withdrew $280 Million From Genesis Before Crypto Lender Filed for Bankruptcy

Tyler and Cameron Winklevoss owned Gemini exchange reportedly withdrew approximately $280 million from Genesis Global just months before the crypto lender initiated a freeze on customer deposits and ultimately filed for bankruptcy.

15.09 / 21:29

Law regulation Gemini Court Digital Currency Group Gemini legal team accuses DCG of 'gaslighting' Genesis creditors

Lawyers representing Gemini Trust have pushed back against a plan proposed by Digital Currency Group (DCG) for creditors of Genesis Global.

14.09 / 19:07

business lending Digital Currency Group Bankruptcy services Genesis announces winding down of crypto trading services

Crypto lending firm Genesis, a subsidiary of Digital Currency Group (DCG), will stop offering spot and derivatives trading for crypto assets through its British Virgin Islands unit.

13.09 / 18:26

Gemini Digital Currency Group genesis Gemini Earn Users Could Recover Almost All Assets as Part of New Agreement – Here’s the Latest

Gemini Earn users may be able to recover almost all their cryptocurrency holdings as part of a new agreement between Digital Currency Group (DCG) and Genesis.

13.09 / 13:01

business Digital Currency Group Bankruptcy Gemini Earn users could recover all funds in new DCG remuneration scheme

Digital Currency Group (DCG) has proposed a new agreement plan for the creditors of the now-bankrupt Genesis Global that would also see Gemini Earn users recover nearly all of their claims.

07.09 / 04:39

Digital Currency Group genesis DCG Genesis Sues Parent Firm DCG Over $600 Million Loan Repayment

Genesis Global Capital (GGC), a subsidiary of Digital Currency Group (DCG) based in New York, has initiated two lawsuits against DCG and its international arm, DCGI, aiming to secure the repayment of loans totaling $600 million.

06.09 / 21:27

business Digital Currency Group Bankruptcy Genesis sues parent company DCG, other affiliate for $600M in overdue loans

Bankrupt cryptocurrency lender Genesis Global Capital (GGC) filed two suits on Sept. 6 seeking the repayment of overdue loans from affiliated companies. The loans are worth over $600 million in total.

05.09 / 21:47

business Digital Currency Group Bankruptcy spot trading US-based Genesis Global Trading will eliminate its crypto spot trading service

Genesis Global Trading (GGT) will close down its cryptocurrency spot trading service on Sept. 18, according to press reports. GGT is affiliated with the Digital Currency Group (DCG), but it was not affected when the parent company’s crypto lender, Genesis Global Capital, declared bankruptcy in January.

30.08 / 14:05

Law regulation Court Digital Currency Group Bankruptcy Bitcoin Genesis lenders call DCG agreement ‘wholly insufficient’

The lenders of the bankrupt cryptocurrency lender Genesis are not satisfied with the latest in-principle settlement agreement with other parties including the Digital Currency Group (DCG).

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