Digital Currency Group Financial News

29.08 / 11:41

Digital Currency Group genesis creditors recovery DCG Reaches Preliminary Agreement with Genesis Creditors, Offering Potential 70%-90% Recovery

Digital Currency Group has reached a preliminary agreement with Genesis creditors to settle the claims by reimbursing 70-90% in USD equivalent to unsecured creditors.

29.08 / 09:15

regulation Court Digital Currency Group Bankruptcy Bitcoin creditors DCG reaches ‘agreement in principle’ with Genesis creditors, debtors

Digital Currency Group (DCG), a major venture capital firm in the cryptocurrency industry, has reached an agreement in principle with creditors of its crypto lending subsidiary, Genesis.

14.08 / 18:53

business Media Digital Currency Group Editorial stake CoinDesk to lay off part of editorial staff in preparation for sale of stake: Report

CoinDesk is reportedly planning layoffs in its editorial department ahead of the sale of a stake in the publication to investors, according to media reports.

10.08 / 20:51

Law regulation Gemini Court Digital Currency Group Digital Currency Group files motion to dismiss Gemini lawsuit, claiming it’s a PR campaign

Venture capital firm Digital Currency Group (DCG) has filed a motion to dismiss a lawsuit brought by cryptocurrency exchange Gemini that alleged fraud related to its Earn program.

05.08 / 17:57

business Digital Currency Group Bankruptcy New York AG probes transactions at Genesis, ties with Barry Silbert: Report

Digital Currency Group (DCG) is now under scrutiny for its financial transactions involving its subsidiary, Genesis Global Capital. The investigation is reportedly being conducted by New York Attorney General Letitia James, Bloomberg reported, citing sources familiar with the matter.

03.08 / 10:17

Digital Currency Group Bankruptcy genesis Bankrupt crypto Deal end Mediation Period for Bankrupt Crypto Firm Genesis Nearing End, Deal Uncertain

Mediation between bankrupt cryptocurrency lender GenesisGlobal Holdco and creditors is set to conclude by August 16, but a deal is yet not certain.

01.08 / 09:51

Gemini Digital Currency Group surges Digital Currency Group Hires Mark Shifke as CFO; Q2 Revenue Surges

Digital Currency Group (DCG), the crypto conglomerate led by Barry Silbert, has appointed Mark Shifke as its new chief financial officer (CFO).

28.07 / 14:33

FTX Digital Currency Group Bankrupt FTX and Genesis Global to Settle Dispute in Bankruptcy Cases

Bankrupt crypto exchange FTX and crypto lender Genesis have come to an agreement to settle their disputes within their bankruptcy cases.

23.07 / 08:27

ETF Coindesk Digital Currency Group Investors close in on acquiring CoinDesk for $125 million: Report

CoinDesk for about $125 million. CoinDesk is currently owned by crypto conglomerate Digital Currency Group (DCG), which acquired it in 2016. According to the Wall Street Journal, a group led by blockchain investors Matthew Roszak of Tally Capital and Peter Vessenes of Capital6 are «nearing a $125 million deal for CoinDesk». CoinDesk did not immediately comment on the report.

11.07 / 18:23

Gemini Winklevoss Twins Digital Currency Group Billionaire Winklevoss Twins and DCG's Barry Silbert Dispute Takes a Nasty Turn

Cameron and Tyler Winklevoss, the billionaire twins who owns crypto exchange Gemini, may have a hidden agenda with their lawsuit against Barry Silbert’s crypto conglomerate Digital Currency Group (DCG), a recent Fortune article has suggested.

08.07 / 15:03

business Twitter Gemini Digital Currency Group Crypto Biz: Winklevoss slams Silbert, Twitter’s double-edged sword and more

Twitter’s plans to roll out a payment platform took a major step forward this week as its subsidiary, Twitter Payments, received its first money transmitter licenses in the United States states of Michigan, New Hampshire and Missouri.

07.07 / 15:59

Law regulation Gemini Winklevoss Twins Digital Currency Group Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program

United States-based cryptocurrency exchange Gemini has announced legal action against the conglomerate Digital Currency Group (DCG) and its CEO Barry Silbert, claiming “fraud against creditors”.

06.06 / 19:51

FTX Digital Currency Group genesis Judge Rules Against FTX in Genesis Bankruptcy Mediation Case

FTX will not be allowed to join in the mediation between now-bankrupt crypto lender Genesis Global and its parent company, Barry Silbert’s crypto conglomerate Digital Currency Group (DCG), a judge has ruled.

02.06 / 08:25

Law regulation Digital Currency Group DCG asks judge to consolidate class-action suits to avoid conflicting decisions

Venture capital firm the Digital Currency Group (DCG) and its CEO Barry Silbert have requested to consolidate two class-action lawsuits over alleged losses during the crypto winter.

26.05 / 15:29

business Blockchain Technology Investments Digital Currency Group Digital Currency Group to shutter institutional trading unit TradeBlock

Venture capital conglomerate Digital Currency Group (DCG) is closing its prime brokerage subsidiary TradeBlock, citing the state of the broader economy and an uncertain regulatory environment for crypto in the United States.

10.05 / 21:47

business Court Digital Currency Group Loans Bankruptcy settlement DCG settlement with Genesis still undecided as 30-day mediation period proceeds

Digital Currency Group (DCG), the parent company of crypto firm Genesis Capital, has reported no solution to its “outstanding intercompany obligations” that could help reimburse creditors.

03.05 / 13:29

UPS Digital Gemini Digital Currency Group Bitcoin Digital Currency Group's Q1 2023 Revenue Jumps, CFO Michael Kraines Resigns – Here's the Latest

Barry Silbert’s crypto conglomerate Digital Currency Group (DCG) saw its revenue rise 63% in the first quarter compared to the prior quarter, but it was still down on a year-over-year basis.

25.04 / 14:17

business Law regulation Court Digital Currency Group Bankruptcy settlement Genesis settlement disrupted by new creditor demands, DCG says

Troubled digital currency company Genesis Capital saw its settlement disrupted by creditors in two months after the initial agreement, raising concerns about the timing of the process.

11.03 / 00:37

business Grayscale Digital Currency Group Bankruptcy Crypto Biz: Silvergate shutting down, Alameda suing Grayscale

With the Bitcoin (BTC) halving more than a year away, don’t expect crypto industry narratives to change anytime soon. Nay, crypto winter is still in full force, and the nasty headlines show no signs of abating.

28.02 / 04:09

business Report Digital Currency Group Bankruptcy DCG losses top $1B on the back of 3AC collapse in 2022

Cryptocurrency venture capital conglomerate Digital Currency Group (DCG) has reported losses of over $1 billion in 2022 due largely to the contagion relating tocollapse of crypto hedge fund, Three Arrows Capital (3AC).

10.02 / 23:49

business FTX Digital Currency Group Bankruptcy Silver Crypto Biz: FTX clawbacks, Genesis silver lining?

Remember when Sam Bankman-Fried admitted to being a significant donor to the Democratic and Republican parties? Well, the recipients of the tainted money have been formally requested to return the funds to FTX’s creditors. So far, we know of three prominent Democratic groups — the DNC, the Democratic Senatorial Campaign Committee and the Democratic Congressional Campaign Committee — that have returned SBF-linked donations in December 2022. Will the rest follow?

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