Digital Currency Group

March 07, 2024

Digital Currency Group files motion to dismiss $3B NYAG lawsuit

In October 2023, the New York Attorney General’s Office (NYAG) filed a $3 billion lawsuit against crypto firms Gemini, Genesis, and DCG, accusing them of defrauding […]
January 05, 2024

Digital Currency Group confirms settling $700M of debt with Genesis

The CEO of Digital Currency Group, Barry Silbert, stated that the company has now satisfied all its obligations that are currently due.   The venture capital […]
November 29, 2023

Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit

Digital Currency Group has over $320 million left to repay, according to Genesis, and the deal would see that remaining sum repaid by April 2024.   […]
August 29, 2023

DCG reaches ‘agreement in principle’ with Genesis creditors, debtors

The estimated U.S. dollar equivalent recoveries could amount to 70%–90% for Genesis creditors, should the amended plan be carried out.   Digital Currency Group (DCG), a […]
July 04, 2023

Winklevoss slams DCG’s Silbert — not even SBF was ‘capable of such delusion’

In an open letter, Cameron Winklevoss slammed DCG’s Barry Silbert for allegedly playing the victim card while owing $1.2 billion to Gemini’s 232,000 Earn customers.   […]
February 07, 2023

Genesis creditors to expect 80% recovery under a proposed restructuring plan

Digital Currency Group (DCG) plans to hand its equity stake in Genesis’ trading arm to Genesis Global, which will then be sold, pending court approval.   […]
January 19, 2023

CoinDesk could be up for grabs as parent company DCG scrambles for funds

DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500,000 would be a 39,900% return on […]
January 18, 2023

Digital Currency Group halts dividends in an effort to preserve liquidity

Digital Currency Group, a venture capital firm that owns a stake in more than 200 crypto projects, announced the dividend halt while one of its subsidiaries […]
January 04, 2023

Grayscale ETH trust nears record 60% discount as nerves continue over DCG

Grayscale’s Ethereum, Litecoin, and Bitcoin Cash Trusts are at steep discounts as concerns whirl around Digital Currency Group’s liquidity.   The Grayscale Ethereum Trust (ETHE) is […]

Get $200 Free Bitcoins every hour! No Deposit No Credit Card required. Sign Up