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Tag: Digital Currency Group (DCG)

Bankrupt Genesis Unveils Plan to Pay Back Creditors

Bankrupt crypto broker Genesis has filed details on how it will pay back its creditors.A Friday filing shows that Digital Currency Group (DCG) plans...

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DCG to sell Grayscale holdings at a discount to pay creditors: report

Cryptocurrency conglomerate Digital Currency Group (DCG) has started to sell shares of its Grayscale cryptocurrency funds at a significant discount, according to U.S. securities...

Gemini agrees to put US$100 mln to Earn asset recovery efforts

Cryptocurrency exchange Gemini has agreed to put up US$100 million to Earn users’ asset recovery as part of bankrupt lender Genesis Capital’s in-principle agreement...

Firms Unlawfully Advertising Crypto in UK Could Face Jail Time: FCA

Peddling crypto products in the UK? You’ll soon need authorization for that, says the country’s financial regulator. In a new statement from the Financial Conduct...

Genesis unsecured creditors’ committee appointed

A seven-member committee has been appointed to represent the interests of unsecured creditors in Genesis Global bankruptcy case, according to court filings on Feb....

Cameron Winklevoss Pens Letter Calling for DCG Head’s Resignation

Cameron Winklevoss – one half of the Winklevoss Twins which run the digital currency exchange Gemini in New York – has penned a letter...

Bitcoin Cash advocate Roger Ver sued for $20.8 million

An affiliate of the cryptocurrency loan company Genesis has filed a lawsuit against the Bitcoin Cash (BCH) supporter Roger Ver for unresolved crypto options...

DCG-owned Luno exchange to axe 35% of its staff

Cryptocurrency exchange Luno, the London-based trading platform owned by venture capital firm Digital Currency Group (DCG), will let go of 35% of its global...

Will Genesis meet its maker amid creditors closing in?

In this issueGenesis: End times?FTX: From the ashesDigital yuan: Smart moneyFrom the Editor’s DeskDear Reader,It’s ironic that one of the main attributes the digital...

DCG’s subsidiary Genesis Capital slapped with new class

A new class action lawsuit has been filed against the cryptocurrency corporation Digital Currency Group (DCG), making the company's legal woes even more numerous....

DCG & Barry Silbert Face Class Action Lawsuit From Creditors

DCG and Barry Silbert are facing a class action lawsuit from creditors of Genesis. The lawsuit alleges a violation of federal securities laws by...

Genesis Lawyer Has ‘Some Measure of Confidence’ in Creditor Resolution This Week

Sean O’Neal, a lawyer representing the bankrupt crypto broker Genesis, said there’s "some measure of confidence" the firm would resolve its disputes with creditors...

Class Action Lawsuit Filed Against DCG and Barry Silbert

The Digital Currency Group (DCG) and its founder Barry Silbert have been sued following the bankruptcy of their subsidiary Genesis last week. Silver Golub &...

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