Tag: DCG
Decentralized AI favored by majority of Americans: DCG poll
Nearly three-quarters of surveyed Americans believe decentralized artificial intelligence is more likely to support innovation and progress over a cen [...]
Genesis files dual lawsuits to claw back $3.3B from DCG, Barry Silbert
Genesis has launched a pair of lawsuits against its parent company, Digital Currency Group (DCG), and its CEO, Barry Silbert, accusing them of fraud, [...]
Digital Currency Group’s Barry Silbert Bets Big on AI Blockchain Bittensor
“If you ask five people: 'What is Bittensor?' You will get five different answers,” Silbert, a cryptocurrency OG investor and evangelist, said in an i [...]
DCG, Top Executives Renew Push to Get New York AG’s Civil Fraud Suit Dropped
Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top executives – CEO and founder Barry Silbert and Soichiro “Michael” Moro [...]
New York AG Pushes Back Against DCG, Silbert’s Motion to Dismiss Fraud Case
DCG and Silbert have denied that the promissory note was a sham. In their motions to dismiss, lawyers for DCG and Silbert claimed that the note was fu [...]
Grayscale to Replace CEO Michael Sonnenshein With Goldman Sachs’ Peter Mintzberg
"Michael guided the firm through exponential growth & oversaw its pivotal role in bringing spot bitcoin ETFs to market, leading the way for the br [...]
Genesis Set to Return $3B Customer Assets in Finalized Bankruptcy Liquidation Plan
Bankruptcy claims began trading at 35% of account balance value when they were initially listed on claim trading marketplace Xclaim
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DCG, parent of GBTC Sponsor, Reports Q1 Revenue of $229M
In January, Grayscale converted GBTC, which had been in existence as a closed-end fund for over a decade, into a spot ETF, becoming one of ten issuers [...]
DCG’s Barry Silbert Pitched Genesis and Gemini Merger in 2022 in a Drastic Bid to Save the Lender
In an email from Oct. 20, 2022, Silbert described a lunch meeting with Winklevoss where he discussed the challenges facing Genesis and, by extension, [...]
Digital Currency Group Files for Dismissal of New York Attorney General’s Lawsuit
The crypto firm's boss, Barry Silbert, also filed a motion to dismiss the Attorney General’s accusation that he concealed losses at the firms and so c [...]
DCG Calls Out Genesis’ Settlement With New York as ‘Subversive’
Jason Brown, a former co-chief deputy of the attorney general's office and a former senior federal attorney in New York, backed DCG's objection to the [...]
Digital Currency Group Reports Q4 Revenue of $210M, Up 59% Y/Y (Full Text)
Fourth quarter EBITDA was $99 million versus a loss of $7 million a year earlier.
www.coindesk.com [...]
DCG Cannot Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules
The carryforwards can be used to decrease Genesis’ federal income tax liability in current and future years, the motion said, adding that could “trans [...]
Barry Silbert’s Digital Currency Group (DCG) Navigated Fallout From 2022’s Crypto Scandals
Since its inception in 2015, DCG, which is based in Stamford, Connecticut, has evolved into a conglomerate with holdings across the blockchain sector [...]
Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing
The deal would see DCG repay $275 million it owes to Genesis by April.
www.coindesk.com [...]