Digital Currency Group Financial News

07.02 / 17:31

Gemini Digital Currency Group Digital Currency Group Announces Major Shake-Up: Genesis Trading and Lending Arms to be Sold

The troubled crypto firm Genesis has reached an agreement with key creditors that would involve a sale of the crypto lending and trading arm of the company.

07.02 / 02:45

business Court Digital Currency Group Bankruptcy Genesis entity going up for sale as DCG makes creditor pact

Genesis Global has announced it has reached an "agreement in principle" with Digital Currency Group (DCG) which will eventually see its crypto lending and trading arm sold as part of restructuring efforts.

04.02 / 23:25

business defi lending Digital Currency Group Bankruptcy creditors committee Genesis unsecured creditors' committee appointed

A seven-member committee has been appointed to represent the interests of unsecured creditors in Genesis Global bankruptcy case, according to court filings on Feb. 4.

31.01 / 09:21

markets business coinbase exchanges Digital Currency Group Job Crypto firms cut nearly 3,000 jobs in January despite Bitcoin’s rise

Crypto companies tightened their purse strings in the first month of 2023, with at least 2,900 crypto staff cut loose across 14 crypto firms in January.

31.01 / 01:19

business ETF Grayscale Digital Currency Group GBTC ETF approval Osprey sues Grayscale for misrepresenting likelihood of GBTC ETF approval

Digital asset manager Osprey Funds filed suit against Grayscale Investments in Connecticut Superior Court on Jan. 30, alleging violation of the state’s Unfair Trade Practices Act. The suit concerns Grayscale advertising and promotion of the Bitcoin (BTC) exchange-traded fund (ETF) it is seeking to create.

26.01 / 22:25

business Gemini Grayscale FTX Winklevoss Twins Digital Currency Group Opinion: Barry Silbert keeps quiet as Genesis goes down in flames

Just two months after the collapse of FTX, Genesis is following suit.

26.01 / 13:45

Luno Digital Currency Group Crypto Exchange DCG-Owned Crypto Exchange Luno Just Laid-Off 35% of Its Workforce – Here’s Why

Cryptocurrency exchange Luno, which is owned by crypto conglomerate Digital Currency Group, has slashed 35% of its global workforce.

26.01 / 00:21

business Grayscale Venture Capital Digital Currency Group 500 DCG companies have laid off over 500 employees as contagion spreads

Hundreds of people have lost their jobs at companies owned by crypto venture capital firm Digital Currency Group (DCG), as the long crypto winter, made colder by the FTX collapse, continues to affect the sector.

24.01 / 14:37

Law regulation Court Digital Currency Group Bitcoin creditors Genesis creditors file securities lawsuit against Barry Silbert and DCG

Troubled cryptocurrency company Digital Currency Group (DCG) is facing more legal issues as its subsidiary Genesis Capital got slapped with a new class action lawsuit.

24.01 / 08:23

business lending Court Digital Currency Group Bankruptcy exit resolution Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May

A lawyer for bankrupt crypto lending firm Genesis is optimistic the firm can resolve its creditor disputes as early as this week and the company could come out of Chapter 11 proceedings by late May.

22.01 / 23:17

business lending Digital Currency Group Bankruptcy hearing Genesis bankruptcy case scheduled for first hearing

The first hearing in Genesis Capital's bankruptcy case will be held on January 23 at 2:00 pm (EST), according to court filings. Judge Sean H. Lane of the United States Bankruptcy Court for the Southern District of New York will hear the case.

21.01 / 13:59

Decentraland Digital Currency Group creditors Decentraland Founders Are Creditors of Bankrupt Genesis - How Much Are They Owed?

Three Decentraland executives, including two co-founders and the platform's CFO, are named among the top creditors of now-bankrupt cryptocurrency lender Genesis Global.

20.01 / 23:47

business Digital Currency Group Bankruptcy committee Genesis' bankruptcy filing was decided by independent committee according to DCG

Genesis Capital's parent company Digital Currency Group (DCG) denied involvement in Genesis' bankruptcy filing in a statement on Jan. 20. According to DCG, a special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection.

20.01 / 23:13

business Web3 Venture Capital FTX Digital Currency Group Crypto Biz: SBF’s newest Excel spreadsheet reveals all

Large enterprise businesses spend tons of money keeping track of their financial dealings — think accountants, financial analysts, consultants and enterprise-grade accounting software. Sam Bankman-Fried, meanwhile, used Microsoft Excel.

20.01 / 22:59

business Gemini Grayscale Decentraland Winklevoss Twins Digital Currency Group Opinion: Digital Currency Group's Genesis implosion marks another bottom in trust for crypto

It looks as if the bear cycle is going to claim another high-profile crypto company. On Jan. 19, Digital Currency Group’s (DCG’s) lending subsidiary, Genesis, filed for Chapter 11 bankruptcy. Here we have yet another industry giant with a tale of incestuous lending, little risk management to speak of and opaque reporting policies.

20.01 / 15:25

Blockchain regulation Gemini Digital Currency Group Bybit CEO offers clarity on exposure to Genesis, but community demands more

Genesis Global Trading, a prominent crypto lender, filed for Chapter 11 bankruptcy protection in New York on Jan. 20, becoming the latest company to declare bankruptcy in the wake of FTX’s collapse. However, the focus of the crypto community has shifted toward other firms that had exposure to the lending firm.

20.01 / 12:05

SEC Gemini Exchange Legal Digital Currency Group genesis creditors Genesis Files for Bankruptcy as it Seeks Protection From its Creditors – Which DCG Unit is Next to Fail?

After months of struggling, crypto lending and trading firm Genesis has filed for bankruptcy - but it's not the end of its troubles.

20.01 / 07:57

business Digital Currency Group Bankruptcy Crypto lender Genesis Crypto lender Genesis files for bankruptcy

Cryptocurrency lender Genesis has filed for Chapter 11 bankruptcy in the Southern District of New York,on Jan. 19.

19.01 / 12:45

Coindesk Digital Currency Group genesis Top crypto Top Crypto Media Site CoinDesk Puts Itself Up For Sale - Is This A Sign of How Deep DCG’s Liquidity Problems Are?

Crypto news website CoinDesk has tapped advisors at Lazard, a leading financial advisory and asset management firm, to explore a full or partial sale of its business. The move comes as CoinDesk's sister company Genesis has been hit with a liquidity crunch following the collapse of FTX.

18.01 / 22:43

business Liquidity Digital Currency Group Bankruptcy Genesis is planning to file for bankruptcy: Report

Cryptocurrency lending firm Genesis Global Capital, a subsidiary of crypto conglomerate Digital Currency Group, is reportedly preparing to file for bankruptcy as early as this week.

18.01 / 17:11

Binance FTX Digital Currency Group Would a Clear Out of Crypto Moguls and Their Centralized Companies Be Good for the Digital Asset Class?

As more and more crypto companies face scrutiny – and some throw in the towel after a rough bear market - questions are being raised whether that could be a good thing for crypto after all.

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