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Gemini’s Winklevoss Alleges DCG, Genesis Defrauded His Exchange And 340,000 Users

[Jan 10, 2023 11:24 AM] Cameron Winklevoss, president and co-founder of Gemini, has written an open letter demanding Barry Silbert’s removal as CEO of Digital Currency Group.The Co-Founder of Gemini, Cameron Winklevoss, has released an extensive letter alleging that…

Digital Currency Group under investigation by U.S. authorities: Report

[Jan 8, 2023 10:47 AM] U.S. authorities are reportedly investigating internal transfers from Digital Currency Group to its subsidiary Genesis.

Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis

[Jan 7, 2023 11:30 AM] Following accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal prosecutors from New York are…

Crypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds

[Jan 6, 2023 12:30 PM] The founder of FTX pleaded not guilty to all criminal charges related to the collapse of crypto exchange FTX.

Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy Process

[Jan 5, 2023 3:30 PM] The founders of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have been served subpoenas by the fund’s liquidators via Twitter. While serving subpoenas on Twitter is rare, it has happened on various occasions in the…

Genesis tells clients it needs more time on financial woes after Gemini demands action

[Jan 4, 2023 3:00 PM] Genesis interim CEO Derar Islim has sent a second letter to clients to say the crypto lender is working on its liquidity issues resulting from the FTX collapse, but they’re not there yet.

Gemini’s Cameron Winklevoss Insists Digital Currency Group Needs to Resolve Liquidity Issues in Open Letter to CEO Barry Silbert

[Jan 3, 2023 9:30 AM] Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47 days since withdrawals from Genesis had been halted. In…

Crypto lender Genesis has no solution yet for withdrawal halts

[Dec 7, 2022 10:48 PM] Genesis said it will take additional weeks to carve out a recovery path for its lending business.

Report: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets

[Dec 3, 2022 10:30 AM] According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to…

Report: State Securities Regulators Probe Crypto Lender Genesis

[Nov 26, 2022 1:00 PM] State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that the Alabama Securities Commission is…

Disaster looms for Digital Currency Group thanks to regulators and whales

[Nov 25, 2022 9:44 AM] Regulators failed to regulate, and venture capital firms invested without conducting the proper due diligence.

DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North

[Nov 23, 2022 2:00 AM] Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two…

Genesis denies 'imminent' plans to file for bankruptcy

[Nov 21, 2022 7:32 PM] The lending firm claims it's having "constructive conversations with creditors" and plans to resolve the situation without the need for a bankruptcy filing.

Why is Bitcoin price down today?

[Nov 21, 2022 4:59 PM] Bitcoin price is down again, but what are the primary reasons behind BTC’s drawn-out decline?

Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations

[Nov 16, 2022 9:30 AM] Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that the company’s…