Tag Archives: dcg

CoinspeakerGenesis Creditors to Receive 90% in Funds amidst Agreement with DCG In addition to the partial repayment agreement, DCG has also committed to paying an additional $275 million, disbursed in four installments after the date of the initial partial repayment.  Genesis Creditors to Receive 90% in Funds amidst Agreement with DCG

CoinspeakerCoinDesk Lays Off 45% of Its Editorial Staff as It Explores Sales Option The investor letter noted that CoinDesk has enlisted the expertise of financial advisers to facilitate the process of onboarding new institutional and strategic investors, in collaboration with  DCG. CoinDesk Lays Off 45% of Its Editorial Staff as It Explores Sales Option

CoinspeakerDigital Currency Group (DCG) Files Motion to Dismiss Lawsuit by Gemini The DCG filing notes that Silbert and the company "played an insignificant role in the Gemini Earn program", and Gemini's allegations of fraudulent behavior don't hold merit. Digital Currency Group (DCG) Files Motion to Dismiss Lawsuit by Gemini

TradeBlock will officially begin the process of shutting down on May 31. Digital Currency Group (DCG), a New York-based venture capital firm that invests and provides services to crypto companies is winding down its TradeBlock subsidiary. According to a May 25 report from Bloomberg, the company, headed by Breanne Madigan, who previously worked at Goldman Sachs for 15 years, will begin the shutdown of the platform by the end of the month, specifically on May 31. TradeBlock, dedicated...

Gemini seeks to exact its owed payment sum from Genesis parent DCG and is working with several creditors on a forbearance plan. Gemini Trust Company LLC recently said that Genesis parent DCG missed a $630 million loan payment last week. This development is the latest occurrence in the ongoing dispute between the Cameron Winklevoss-run crypto custodian and digital currency VC firm. In January, Gemini CEO Winklevoss threatened to sue his DCG counterpart Barry Silbert, and the entire company,...

The officials claim FTX-affiliated Alameda Research had largely repaid the $8 billion borrowed from Genesis Trading, a few weeks before the former filed for Chapter 11 bankruptcy protection. The bankrupt FTX and Alameda Research officials are stopping at nothing to recover lost funds by the former administration led by Sam Bankman-Fried (SBF). The crypto exchange under John J. Ray III, Chief Executive Officer and Chief Restructuring Officer, has sued several entities including soliciting...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Cameron Winklevoss – one half of the Winklevoss Twins which run the digital currency exchange Gemini in New York – has penned a letter calling for the resignation of Barry Silbert, the man who runs the Digital Currency Group (DCG). Cameron Winklevoss to Barry Silbert: Resign! Cameron stated that Silbert engaged in deceptive and fraudulent tactics during his tenure as head of his organization. The feud between the two began when the now defunct crypto exchange FTX...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.