Digital Currency Group Financial News

14.01 / 14:51

Digital Currency Group genesis Justin Sun Says He's Interested in Putting Up to $1 Billion for a DCG Asset Fire Sale

Justin Sun, founder of TRON Foundation, has revealed he is willing to spend up to $1 billion of his own money to buy assets of embattled cryptocurrency lender Genesis’ parent firm, Digital Currency Group (DCG).

14.01 / 00:47

business coinbase Digital Currency Group Crypto Biz: DCG’s ‘carefully crafted campaign of lies’?

The monumental collapse of FTX didn’t just destroy a crypto exchange and wipe out billions in customer deposits — it also exposed accounting irregularities at Barry Silbert’s empire, the Digital Currency Group, or DCG. That’s according to Bitcoin (BTC) billionaire and Gemini co-founder Cameron Winklevoss. The FTX blow-up caused Genesis Global Trading, another DCG firm, to pause new loan originations and redemptions — a decision that directly affected Winklevoss’ Gemini Earn program. The pause on withdrawals has been active for nearly two months, prompting Winklevoss to pen two open letters addressed to Silbert and DCG’s board. The second open letter, published this week, claimed that Silbert was “unfit” to run DCG and that there would be no way forward with him at the helm.

13.01 / 15:43

Gemini FTX Digital Currency Group genesis creditors Genesis Owes Its Creditors $3 Billion - Is That too Much for DCG to Swallow? Barry Silbert Breaks Silence on Twitter

Digital Currency Group's crypto brokerage firm Genesis owes over $3 billion to creditors, pressing the crypto conglomerate to consider selling assets in its large venture portfolio to raise money.

12.01 / 18:13

Digital Currency Group creditors DCG Said to be in Talks with Creditors - Will Gemini Crypto Depositors Get Their Money Back?

Barry Silbert’s crypto conglomerate Digital Currency Group (DCG) is “actively engaged” in talks with creditors, according to a little-known crypto exchange.

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.

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.

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.

03.01 / 17:33

markets Digital Currency Group Bitcoin Bitcoin Price Weekly Bitcoin teases weekly highs as traders eye BTC price leg up to $17.3K

Bitcoin (BTC) inched closer to $17,000 on Jan. 3 as the first Wall Street open of the year loomed.

03.01 / 11:41

business regulation FTX Digital Currency Group Terra Su Zhu gets called out by the community as he fires off accusations against DCG

As liquidity issues surround the Digital Currency Group (DCG), Three Arrows Capital (3AC) founder Su Zhu made a Twitter thread containing allegations against DCG and FTX. However, the founder immediately got called out by the crypto community for blaming others and not taking accountability.

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).

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 / 06:21

business Grayscale Digital Currency Group Bankruptcy Genesis calls in restructuring expert in its fight to avoid bankruptcy

Cryptocurrency lending firm Genesis Global Capital has reportedly hired a restructuring adviser to explore all possible options that include, but aren’t limited to, a potential bankruptcy.

22.03 / 18:37

Investments Altcoin Smart Contracts Digital Currency Group Grayscale launches smart contract fund for Ethereum competitors

Digital asset manager Grayscale Investments has unveiled a new cryptocurrency fund dedicated to smart contract platforms excluding Ethereum, underscoring growing investor appetite for alternative blockchain networks.

03.03 / 21:51

business Donations Digital Currency Group Crypto Biz: Another billionaire admits he was wrong about Bitcoin, Feb. 25-Mar. 3

After spending years ridiculing Bitcoin and cryptocurrency, Wall Street’s billionaire class is finally warming up to the idea of virtual assets powering the digital economy. This week, Citadel founder and billionaire Ken Griffin formally backtracked on his anti-crypto stance as he announced that his firm would begin offering digital assets to its clients. Of course, Griffin isn’t the only wealthy investor to have a change of heart, so we’re not going to bust his chops too much.

02.03 / 19:55

business Grayscale Digital Currency Group GBTC DCG announces $250M share repurchase for Grayscale products

Grayscale parent Digital Currency Group, better known as DCG, announced that it intends to repurchase up to $250 million in shares for various Grayscale investment products.

17.02 / 20:31

business Funding Venture Capital Digital Currency Group DCG leads $205M growth fund for The Graph

Blockchain data indexing protocol The Graph has launched a $205 million ecosystem fund to lure new developers to its platform, offering further evidence that venture capital firms were still keen to support growth funds centered around decentralized applications.

01.12 / 19:35

business Zcash Digital Currency Group surges ZCash surges 7% after Digital Currency Group CEO announces $85M purchase

Digital Currency Group CEO and founder Barry Silbert has purchased more ZCash to add to his company’s coffers as the price of the token moved above $240 for the first time in days.

Digital Currency Group Financial News

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