Tag: DCG
Crypto Conglomerate DCG Suspends Dividends Amid Distress at Genesis Unit
DCG, which owns CoinDesk and other crypto companies, has become embroiled in the financial distress at its once-prolific lending platform Genesis. DCG [...]
DCG owes creditors over $3B, considering $500M VC portfolio sale
Cryptocurrency broker Genesis Global allegedly owes its creditors more than $3 billion, according to a new report published by the Financial Times on [...]
DCG chief Barry Silbert pens letter to shareholders, community reacts
The crypto community woke up to another drama-filled day after the Digital Currency Group (DCG) chief's reflection went wrong. DCG chief Barry Silbert [...]
DCG crisis likely won’t ‘include a lot of selling’ — Novogratz
Galaxy Digital Holdings CEO Mike Novogratz hosed down fears over the crisis facing Digital Currency Group (DCG) and Genesis saying while it’s “not goo [...]
Grayscale Bitcoin Trust Discount Narrows to 8-Week Low as DCG Faces Pressure
Also possibly at work could be any investor positioning taking place around the start of the year. Having grown fat in a number of one-way (mostly dow [...]
‘There is no path forward as long as Barry Silbert remains CEO of DCG’
Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, has penned an open letter to the board of Digital Currency Group, or DCG, saying [...]
Gemini's Cameron Winklevoss Calls For Barry Silbert's Ouster From DCG
Winklevoss, on behalf of Gemini, called for Silbert's removal for his involvement in the disagreement between Genesis and its creditors.
www.coindesk [...]
First Mover Americas: DCG Probed For Genesis Transfers
The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 9, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes [...]
Crypto Conglomerate DCG Being Investigated by DOJ, SEC: Report
The prosecutors with the DOJ's Eastern District of New York office have so far requested interviews and documents from DCG and Genesis, the report sai [...]
Crypto Conglomerate DCG Closes Wealth-Management Business: The Information
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Grayscale ETH trust nears record 60% discount as nerves continue over DCG
The Grayscale Ethereum Trust (ETHE) is trading at nearly a 60% discount to the underlying value of its assets, with shares falling 93% from its Jun. 2 [...]
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 [...]
Genesis and DCG seek path for the recovery of assets amid liquidity issues
The co-founder of Gemini, Cameron Winklevoss, shared in an update on Twitter that global investment bank Houlihan Lokey had devised a plan on behalf o [...]
Bitvavo to prefund locked DCG assets worth $296.7M amid liquidity crisis
The Digital Currency Group and its affiliates (DCG), which manages $296.7 million (280 million euros) in deposits and digital assets of crypto exchang [...]
Crypto exchange Bitvavo says 280 million euros ‘locked’ at DCG By Reuters
© Reuters. FILE PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum and DogeCoin are placed on PC motherboard in this illustration taken, [...]