April 30th, 2025
DCG News - Page 3
Genesis Bankruptcy Case Scheduled for First Hearing on January 23rd
By Tolu Ajiboye
January 23rd, 2023
The bankruptcy hearing for embattled crypto lender Genesis commences today at a New York Southern District court.
Cameron Winklevoss Threatens Lawsuit after Genesis Filed for Bankruptcy
By Godfrey Benjamin
January 20th, 2023
Winklevoss said this move will afford the firm to recoup its funds as the Barry Silbert-led DCG has continued to refuse to offer its creditors a fair deal.
Cardano Co-Founder Hoskinson Considering Acquiring CoinDesk
By Sanaa Sharma
January 20th, 2023
Hoskinson predicted that the purchase would cost him around two hundred million USD and that he will examine the financial details before taking concrete action.
Genesis Files for Bankruptcy in Latest FTX-Fueled Contagion
By Godfrey Benjamin
January 20th, 2023
The collapse of Genesis was major fueled by its deep exposure to two of the most severe bankruptcies in the digital currency ecosystem.
CoinDesk Contemplates Full or Partial Sale as Parent Company Scampers for Funds
By Mayowa Adebajo
January 19th, 2023
DCG is currently looking for ways to save its business and grow its capital.
SEC Charges Genesis and Gemini for Offering and Selling Unregistered Securities
By Ibukun Ogundare
January 13th, 2023
The SEC also revealed that Genesis and Gemini generated assets worth hundreds of dollars from hundreds of thousands of investors.
Gemini Ends Earn Program amid Growing Feud with Genesis
By Mayowa Adebajo
January 11th, 2023
The master loan agreement (MLA) between Gemini’s customers and Genesis now ceases to exist.
Gemini Co-founder Writes Open Letter to DCG, Wants Barry Silbert to Step Down
By Bhushan Akolkar
January 11th, 2023
Winklevoss accused Genesis of recklessly lending to Three Arrows Capital (3AC) and hoping to “buy time to dig themselves out of the hole which they had created”.
US Authorities Investigating Financial Transactions between DCG and Genesis
By Godfrey Benjamin
January 9th, 2023
The crypto winter has exposed the frailty in the business models of many companies in Web3, and the implosion of the FTX Derivatives Exchange back in November further aggravated the financial inconsistencies in Genesis and DCG as a whole.
Crypto Giant DCG Shuts Down HQ Subsidiary amid Global Economic Crisis
By Mayowa Adebajo
January 6th, 2023
DCG once appeared to be untouchable but may fast be losing its stability.
Discount on Grayscale Ethereum Trust (ETHE) Reaches to Record 60%
By Bhushan Akolkar
January 4th, 2023
Along with the Ethereum Trust, several other Grayscale products are trading at steep discounts recently as parent firm DCG is grappling with liquidity issues.
Gemini’s Cameron Winklevoss Accuses Barry Silbert for Acting in Ball Faith on $900M Debt
By Ibukun Ogundare
January 3rd, 2023
Cameron also blamed Silbert for the entire financial headwinds, saying that DCG owed Genesis $1.675 billion, and it is the money that Genesis owes Gemini clients.
Crypto Lending Platform Genesis Global Owes $900 Million to Gemini Clients
By Bhushan Akolkar
December 5th, 2022
Gemini has formed a creditor’s committee to recoup the funds from crypto lender Genesis and its parent company Digital Currency Group (DCG).
CoinDesk Might Be Heading for Buyout Sooner or Later
By Tolu Ajiboye
November 30th, 2022
Crypto news site CoinDesk has reportedly sparked buyout interest following the platform’s report on FTX and Alameda ties.
Digital Currency Group CEO Says Company Will Come Out Stronger from Current Crisis
By Bhushan Akolkar
November 23rd, 2022
DCG chief Barry Silbert assured investors that the situation at hand is manageable and that they would come out ‘stronger’ from the current liquidity crisis at Gensis Global.