1 / 4 Relevant items tagged with #DigitalCurrencyGroup

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Hedge Funds and Brokerages Dominate Bitcoin Assets, Coinshares 13F Filing Analysis Shows

[Aug 16 8:30 PM] A recent analysis from Coinshares, spearheaded by its lead research analyst, James Butterfill, brings to light the evolving landscape of bitcoin investments among institutional investors. This report, derived from 13F filings submitted to the U.S…

Bankrupt crypto firm Genesis completes restructuring

[Aug 2 8:03 PM] In a January open letter, Gemini co-founder Cameron Winklevoss accused entities related to Genesis of inflating their assets.

Genesis-labelled address moves $720M BTC to Coinbase, pointing to start of asset liquidations

[Jul 12 6:42 AM] Genesis Trading transferred over 12,600 Bitcoin to Coinbase over the past 30 days, two months after reaching a settlement with the state of New York.

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

Genesis Global secures court approval for $3B payout

[May 18 1:43 AM] According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake.

Grayscale Battling Outflows And Lower-Cost ETFs, Q1 Revenue Stays Flat At $156M

[May 9 7:00 PM] Grayscale Investments, the issuer of one of the recently approved spot Bitcoin exchange-traded funds (ETFs) in the US, saw flat revenues in the first quarter of the year due to its decision to maintain fees on its flagship Grayscale Bitcoin Trust…

Digital Currency Group revenue jumps 51% in 1Q24 despite GBTC outflows

[May 9 1:20 PM] Revenue at Digital Currency Group (DCG) increased 51% to $229 million in the first quarter of 2024, driven by the rebound in crypto markets.

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…

Grayscale Parent Digital Currency Group Reports $229M Revenue for Q1

[May 9 10:05 AM] Digital Currency Group (DCG), the parent company of asset manager Grayscale, reported a first quarter revenue up 11% from the previous quarter to $229 million.

Financial system ‘outdated’ but crypto is no fix either: US swing voters

[May 7 11:12 PM] In a survey by the Digital Currency Group, 70% of swing state voters agreed the current financial system is "outdated" and in need of an overhaul, but most didn’t think crypto was the answer either.

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…

DCG Calls Out Subsidiary Genesis' Settlement With New York as 'Subversive'

[Feb 21 4:48 PM] Digital Currency Group (DCG) is objecting to the settlement between the New York attorney general and Genesis – the failed crypto lender that was among DCG's array of digital assets businesses.

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.

New York Expands Fraud Case Against Digital Currency Group to $3 Billion

[Feb 9 11:46 AM] New York Attorney General Letitia James has amplified its fraud case against Digital Currency Group (DCG), now saying the company is responsible for $3 billion in investor losses tied to the Gemini Earn product and to direct investments with…

DCG Can't Sell or Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules

[Dec 19, 2023 4:17 AM] Genesis requested a New York bankruptcy court to bar ownership changes to secure tax benefits on around $700 million worth of operating losses.

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.

Crypto Media Firm Coindesk Acquired by Bullish in All-Cash Deal

[Nov 20, 2023 12:30 PM] Crypto media firms in 2023 are emerging with new owners. After Foresight Ventures, a Singaporean Web3 venture capital firm acquired a major stake in the publication The Block, a week later, the crypto publication Coindesk was acquired by Bullish, a…

Crypto exchange Bullish buys 100% stake in crypto media site CoinDesk: Report

[Nov 20, 2023 8:28 AM] CoinDesk was owned by the Digital Currency Group, which acquired the media company in 2016 for $500,000. Its new owner is headed by former New York Stock Exchange president Tom Farley.

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]

Gemini sues Genesis over GBTC shares used as Earn collateral, now worth $1.6B

[Oct 27, 2023 2:29 PM] Genesis wants to use the shares’ initial value in claims and is not releasing additional collateral transferred by DCG, the suit claims.

Gemini Files Court Statement Accusing Digital Currency Group Of Fraudulent Actions

[Sep 15, 2023 6:00 PM] In a Friday 15 court filing, Gemini, the US-based crypto exchange platform, has accused Digital Currency Group (DCG) of engaging in “fraudulent activities” and attempting to evade responsibility for the harm caused to creditors.  The filing…

Gemini legal team accuses DCG of ‘gaslighting’ Genesis creditors

[Sep 15, 2023 3:25 PM] Lawyers representing Gemini Trust filed a response in bankruptcy court to Digital Currency Group’s plan claiming to offer unsecured creditors a “70–90% recovery."

Gemini Blasts DCG and Genesis Bankruptcy Plan, Calling It ‘Misleading at Best’

[Sep 15, 2023 11:22 AM]

Genesis announces winding down of crypto trading services

[Sep 14, 2023 12:38 PM] In January, Genesis Global Capital announced it would eliminate its crypto spot trading services “voluntarily and for business reasons” without additional details.

Gemini Earn users could recover all funds in new DCG remuneration scheme

[Sep 13, 2023 6:50 AM] DCG suggests a new deal in Genesis bankruptcy, offering unsecured creditors 70%–90% baseline recovery; if approved, it would involve the renegotiation of a $630-million loan between Genesis and DCG.

Genesis sues parent company DCG, other affiliate for $600M loans, then stays action

[Sep 6, 2023 3:03 PM] DCG borrowed $500,000 from its subsidiary last year, and DCG Investments borrowed over 18,000 BTC. Both have allegedly defaulted.

Genesis Global Capital Files for Over $600M in Unpaid DCG Loans: Court Docs

[Sep 6, 2023 12:54 PM] Genesis Global Capital, a subsidiary of Digital Currency Group, filed in court for DCG to repay outstanding loans in excess of $600 million on Wednesday.

US-based Genesis Global Trading will eliminate its crypto spot trading service

[Sep 5, 2023 3:39 PM] The company, an affiliate of Barry Silbert’s Digital Currency Group, has been providing crypto spot trading since 2013. Its closure is “for business reasons.”