Grayscale CEO Michael Sonnenshein steps down 2024-05-20 at 17:01 By Cointelegraph by Zoltan Vardai The CEO will be replaced by Goldman Sachs executive Peter Mintzberg effective Aug. 15. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:
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Genesis Global secures court approval for $3B payout 2024-05-18 at 12:01 By Cointelegraph by Amaka Nwaokocha 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. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:
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Digital Currency Group revenue jumps 51% in 1Q24 despite GBTC outflows 2024-05-09 at 23:01 By Cointelegraph by Ana Paula Pereira Revenue at Digital Currency Group (DCG) increased 51% to $229 million in the first quarter of 2024, driven by the rebound in crypto markets. This article is an excerpt from Cointelegraph.com News View Original Source
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Financial system ‘outdated’ but crypto is no fix either: US swing voters 2024-05-08 at 09:01 By Cointelegraph by Brayden Lindrea In a survey by the Digital Currency Group, 70% of swing state voters agreed the current financial system is “outdated” and in need of an overhaul, but most didn’t think crypto was the answer either.
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Crypto exchange Bullish buys 100% stake in crypto media site CoinDesk: Report 20/11/2023 at 18:02 By Cointelegraph By Prashant Jha CoinDesk was owned by the Digital Currency Group, which acquired the media company in 2016 for $50 million. It’s new owner is headed by former New York Stock Exchange president Tom Farley. This article is
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Gemini legal team accuses DCG of ‘gaslighting’ Genesis creditors 16/09/2023 at 01:03 By Cointelegraph By Turner Wright 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.” This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:
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Genesis announces winding down of crypto trading services 14/09/2023 at 22:02 By Cointelegraph By Turner Wright In January, Genesis Global Capital announced it would eliminate its crypto spot trading services “voluntarily and for business reasons” without additional details. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:
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Gemini Earn users could recover all funds in new DCG remuneration scheme 13/09/2023 at 16:02 By Cointelegraph By Savannah Fortis 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. This article is an excerpt from
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Genesis sues parent company DCG, other affiliate for $600M in overdue loans 07/09/2023 at 01:02 By Cointelegraph By Derek Andersen DCG borrowed $500,000 from its subsidiary last year, and DCG Investments borrowed over 18,000 BTC. Both have allegedly defaulted. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:
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US-based Genesis Global Trading will eliminate its crypto spot trading service 06/09/2023 at 01:05 By Cointelegraph By Derek Andersen 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.” This article is an excerpt from Cointelegraph.com News View Original Source React
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Genesis lenders call DCG agreement ‘wholly insufficient’ 30/08/2023 at 17:02 By Cointelegraph By Helen Partz The agreement in-principle reached by DCG and creditors also said that the Ad Hoc Group and Gemini did not support the deal. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:
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DCG agrees deal with Genesis that would see recoveries of up to 90% 29/08/2023 at 12:02 By Cointelegraph By Helen Partz The estimated U.S. dollar equivalent recoveries could amount to 70%–90% for Genesis creditors, should the amended plan be carried out. This article is an excerpt from Cointelegraph.com News View Original Source React to this
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