[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.”
[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.
[Aug 24, 2023 7:00 AM] IntroductionA group of shareholders of the Grayscale Bitcoin Trust (GBTC) have banded together in the first-of-its-kind activist campaign organized through X (formerly Twitter). Their goal: bringing legal action against Grayscale in an attempt to…
[Aug 11, 2023 11:43 AM] His Gemini crypto exchange and conglomerate Digital Currency Group are battling – in and out of court – over the failure of Gemini's Earn lending service.
[Aug 10, 2023 10:00 PM] Digital Currency Group (DCG) has filed a motion to dismiss the lawsuit brought against them by Gemini Trust Company, LLC. The motion, filed in the Southern District of New York, argues that Gemini’s allegations of fraudulent…
[Aug 10, 2023 10:04 AM] DCG called Gemini’s July complaint a continuation of a “public relations campaign” carried out by the exchange’s owners, Cameron and Tyler Winklevoss.
[Jul 29, 2023 2:00 PM] The legal tussle between bankrupt crypto exchange FTX and crypto lender Genesis seems to be coming to a resolution, a recent court filing reveals. According to the letter filed yesterday at the US bankruptcy court for the Southern District of New…
[Jul 3, 2023 7:59 PM] Creditors of the crypto financial firm Genesis call for $1.5 billion of forbearance payments and loans denominated in dollars, bitcoin and ether, according to a term sheet posted on Twitter by the Gemini co-founder.
[Jun 5, 2023 3:25 PM] Bitcoin’s price dropped to $25,500 after the SEC announced a lawsuit against Binance and Changpeng Zhao, a move which also has BTC bulls wondering if the bottom is truly in.
[Jun 4, 2023 12:27 AM] The FTX debtors alleged that the claim was filed "without any advance notice," and they were not invited to participate in the mediation.
[May 26, 2023 2:00 PM] Digital Currency Group has revealed its decision to sunset its institutional trading platform, Tradeblock, on May 31, 2023. The company attributes the move to the “challenging regulatory environment” and the enduring effects of the…
[May 23, 2023 4:00 AM] In the midst of the financial dispute between crypto exchange Gemini and Digital Currency Group (DCG), Gemini has alleged that DCG failed to make a payment of around $630 million that was due last week. In response, Gemini has stated that it may…
[May 12, 2023 10:10 AM] U.S. Congressman Brad Sherman has sent a letter to Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), regarding the situation of Grayscale Bitcoin Trust (GBTC).According to Sherman, as many as 850,000 retail investors…
[May 2, 2023 7:33 AM] The crypto conglomerate also paid off a $350 million senior secured term loan, which was issued by a lender syndicate led by Eldridge.
[Apr 17, 2023 1:00 AM] The partnership will see launch of Luno Large Cap Bundle, helping customers to easily manage and maintain different investment strategies.
[Apr 6, 2023 6:12 PM] The largest mining pool by hash rate share will no longer offer its services for free, according to a notice sent to clients. Foundry, the Bitcoin mining arm of Digital Currency Group, will stop providing its services for free, according to a…
[Mar 1, 2023 6:30 AM] The crypto winter of 2022 affected many firms, digital assets, and investors. The fall of crypto asset prices led to massive losses for many participants. Fast-forward to 2023, some firms still struggle to survive the aftermath of last year’s…
[Feb 27, 2023 5:55 PM] The crypto conglomerate reported that falling crypto prices and the fallout from Three Arrows Capital’s loan default to Genesis affected its results.
[Feb 8, 2023 12:00 PM] The issues at Digital Currency Group (DCG) seem to be coming to a head as the company has now begun offloading its Grayscale crypto shares. This move is one that was under speculation for a long time in the crypto community, as well as what kind of…
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