1 / 4 Relevant items tagged with #DCG

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DCG, Top Executives Renew Push to Get New York AG’s Civil Fraud Suit Dropped

[Jul 2 1:24 PM] Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top executives – CEO and founder Barry Silbert and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned trading arm Genesis – have made a final effort to convin

New York Recovers $50 Million From Gemini — Bans the Exchange From Crypto Lending in the State

[Jun 15 10:21 AM] New York Attorney General Letitia James has secured a $50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were…

New York AG Pushes Back Against DCG, Silbert’s Motion to Dismiss Fraud Case

[Jun 7 1:26 PM] New York Attorney General Letitia James is not backing down from her lawsuit against Digital Currency Group, its founder and CEO Barry Silbert, and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned crypto trading arm, Genesis.

Bitcoin price tops $68K, but a few concerning headwinds remain

[May 20 12:30 PM] Bitcoin price shows strength as investors expect the Fed to resume printing, but a handful of global macroeconomic headwinds are still in play.

Grayscale CEO Michael Sonnenshein Steps Down, to Be Replaced by TradFi Veteran

[May 20 7:36 AM] Sonnenshein's replacement will be Peter Mintzberg, currently head of strategy for asset and wealth management at Goldman Sachs.

Grayscale CEO Michael Sonnenshein steps down

[May 20 7:23 AM] The CEO will be replaced by Goldman Sachs executive Peter Mintzberg effective Aug. 15.

Genesis Set to Return $3B Customer Assets in Finalized Bankruptcy Liquidation Plan

[May 19 11:47 PM] Bankruptcy claims began trading at 35% of account balance value when they were initially listed on claim trading marketplace Xclaim

Swing State Voters Highlight Cryptocurrency as a Key Issue for 2024 Elections, Survey Finds

[May 9 12:24 PM] A recent survey conducted by The Harris Poll and commissioned by Digital Currency Group (DCG) reveals that cryptocurrency is emerging as a critical issue among voters in key swing states. Over 20% of respondents from states like Michigan, Ohio, and…

Genesis Acquires Over 32,000 BTC After Offloading GBTC Shares

[Apr 7 1:47 AM] Embattled crypto lender Genesis Global Capital has continued to ramp up efforts to pay up creditors after filing for bankruptcy protection in January 2023. As part of these efforts, Genesis has now reportedly sold off the entirety of its Grayscale…

Digital Currency Group Pushes Back Against NYAG Lawsuit

[Mar 11 7:00 AM] The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now…

DCG's Barry Silbert Pitched Genesis-Gemini Merger in a Drastic Bid to Save the Lender in 2022

[Mar 8 2:30 PM]

Report: DCG, Barry Silbert Seek Dismissal of NYAG Lawsuit, Citing ‘Baseless Innuendo’ and Integrity in Operations

[Mar 6 12:30 PM] Digital Currency Group (DCG) has submitted a request to the court to drop the legal action taken against it by New York Attorney General Letitia James. DCG argues that it’s “wrongfully” depicted and maintains that the lawsuit is nothing but a…

Digital Currency Group Files for Dismissal of New York Attorney General’s Lawsuit

[Mar 6 7:25 AM] 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 cheated customers and investors.

Digital Currency Group Reports Q4 Revenue of $210M, Up 59% Y/Y (Full Text)

[Feb 12 8:52 AM] Fourth quarter EBITDA was $99 million versus a loss of $7 million a year earlier.

Barry Silbert Navigated Fallout From 2022's Crypto Scandals

[Dec 4, 2023 7:22 AM] The former owner of CoinDesk faced a slew of lawsuits and complications in 2023, but, by year-end, his Digital Currency Group (DCG) had put some issues behind it.

Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing

[Nov 28, 2023 10:55 PM] The deal would see DCG repay $275 million it owes to Genesis by April.

Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit

[Nov 28, 2023 9:09 PM] Digital Currency Group has over $320 million left to repay, according to Genesis, and the deal would see that remaining sum repaid by April next year.

Genesis Alleges Multi-Million Dollar Preferential Transfers by Gemini Amidst Crypto Turmoil

[Nov 22, 2023 11:00 AM] In a recent legal move, Digital Currency Group’s (DCG) subsidiary Genesis Global Capital LLC has filed a complaint against the crypto exchange platform and custodian Gemini. Genesis hopes to claw back $689 million from the centralized crypto…

Genesis Sues Gemini to Recover 'Preferential Transfers' Worth $689M

[Nov 22, 2023 1:34 AM] Crypto lender Genesis Global Capital has sued cryptocurrency exchange Gemini Trust, its former business partner, to recover more than $689 million.

Crypto Exchange Bullish Completes Purchase of CoinDesk: WSJ

[Nov 20, 2023 7:23 AM] Bullish, which is run by former NYSE President Tom Farley, bought 100% of CoinDesk from crypto-focused venture capital firm DCG in an all-cash deal.

Genesis’ New Liquidation Plan Is a Material Swerve, U.S. Government Says

[Nov 2, 2023 2:44 AM] The bankrupt crypto lender appears to be no longer seeking to reorganize, after a lawsuit from the New York Attorney General dimmed hopes of a deal.

Sam Bankman-Fried Rebuffed Barry Silbert's and Celsius' Requests for Help, Ex-FTX CEO Testifies at His Trial

[Oct 27, 2023 3:06 PM]

DCG, Genesis Were the ‘Adults in the Room’ but Didn’t Behave Like It

[Oct 19, 2023 12:42 PM]

Gemini, Genesis, DCG Face $1B Fraud Lawsuit by NY Attorney General; Gemini Says It’s the ‘Victim’ in Scandal

[Oct 19, 2023 7:56 AM] New York Attorney General Letitia James filed a lawsuit against crypto companies Gemini Trust Company, Genesis Global Capital, and its parent company Digital Currency Group (DCG) for allegedly defrauding over 230,000 investors out of more than $1…

Genesis Has Ceased All Crypto Trading Services: Spokesperson

[Sep 14, 2023 10:11 AM]

DCG And Gemini Ink A Plan: Users To Receive All Their Crypto?

[Sep 13, 2023 12:00 PM] Per a report from TheBlock, Digital Currency Group (DCG) reached an agreement with crypto exchange Gemini. The two parties have been negotiating for months after the collapse of crypto lender Genesis, a DCG subsidiary, and the Gemini Earn program…

Beleaguered Gemini Earn Customers Will Be Made ‘Nearly Whole,’ DCG and Genesis Say About Remuneration Plan

[Sep 13, 2023 6:07 AM] A filing on Tuesday states that if the assorted creditor groups vote through the proposed deal, then “Gemini Earn users are estimated to recover approximately 95-110% of their claims.”

Bitcoin derivatives data suggests BTC price holds the current range

[Sep 12, 2023 2:47 PM] BTC investor sentiment turns increasingly bullish after this week’s quick rebound from a sharp price correction.

Ether price risks losing the $1.6K support as multiple ETH price metrics decline

[Sep 5, 2023 3:20 PM] A lack of network activity and ground lost to competitors could eventually play a role in ETH losing the $1,600 support.

DCG Reaches Crucial in Principle Deal With Genesis Creditors, Recoveries Could be Upto 90%

[Aug 29, 2023 12:15 AM] Digital Currency Group (DCG) and Genesis creditors have reached a deal in principle to resolve the claims in the Genesis Capital Chapter 11 cases, according to a court filing on Tuesday.