Binance is set to reduce its stake in Gopax, a move that would make it the second-largest shareholder in the exchange. Some sources have disclosed that the move is influenced…
Browsing: DCG
New York Attorney General Letitia James has sued Gemini, Genesis and DCG for defrauding investors. This lawsuit compounds the firms’ woes considering an earlier SEC suit filed against them over…
Genesis has officially sued Digital Currency Group (DCG) and Digital Currency Group International (DCGI) for loan repayment default. According to the report, DCG alone borrowed up to $500 million in…
During the DCG’s liquidity issue and the bankruptcy of its subsidiary Genesis Capital, Hoskinson showed interest in acquiring news outlet CoinDesk. However, Hoskinson thinks the $200 million asking price by…
With the subtle regulatory crackdown on Paxos and Binance, the crypto industry is on the edge. Industry leaders are convinced this turmoil will pass and advocate shunning FUD. While the…
Digital Currency Group has reportedly started selling off shares of its Grayscale Ethereum and Bitcoin Trusts. The sell-off is an attempt to accrue funds to pay Genesis creditors. Amid the…
Crypto-focused media company CoinDesk considering a partial or full sale. The media outlet has retained investment bankers from Lazard Inc. as DCG’s financial troubles escalate. Crypto-focused media company CoinDesk Inc.…
There have also been reports that the Winklevoss twins are one of the interested parties willing to serve as a creditor for Genesis. Genesis’ problems were further compounded last week…
Following its recent struggles, DCG has sought to offload part of its portfolio to raise money. In response, Chinese crypto entrepreneur Justin Sun has reportedly shown a willingness to spend…
Digital Currency Group (DCG) owes creditors up to $3 billion through Genesis. The firm is exploring the sale of its Venture Capital Portfolio worth about $500 million to offset the…
Crypto veteran, Mike Novogratz is convinced the latest crypto crisis won’t be detrimental to the industry. The hurdles, according to him may make investors prioritize how they engage with the…
Neither the Eastern District of New York attorney office nor the US SEC has issued any comment or released any official statement concerning the matter. The Silbert-founded DCG started displaying…
Digital Currency Group (DCG) has taken the decision to shut down its wealth management subsidiary HQ Digital. In an email statement, the company’s spokesperson cited the prolonged crypto winter as…
With the digital asset industry enveloped in the red following the fallout of FTX, Tether has raised another possible risk to the crypto space over its lending activities. A Wall…
Gemini announced that it has been working alongside DCG to enable its users to redeem their funds after halting withdrawals due to the FTX crisis. Genesis is exploring several ways…
Sources familiar with the matter said that Genesis has hired an investment bank to explore different options, including bankruptcy. DCG chief Barry Silbert wrote to investors explaining the current situation…
Today’s the last day for Digital Currency Group (DCG) to raise $1 billion in cash to protect Genesis from failing. The crypto market fears that DCG might start selling its…
DOGE investors were hugely disappointed as prices flopped following Elon Musk’s appearance on SNL. Digital Currency Group CEO has taken the opportunity to tease the community and make a $1…