
DCG News
Latest DCG News

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Read more - Gemini, Genesis, DCG Slammed with $1b Crypto Fraud Lawsuit
New York Attorney General Letitia James filed a lawsuit on Thursday accusing three major cryptocurrency companies — Gemini Trust, Genesis Capital, and Digital Currency Group — of perpetrating a $1 billion fraud scheme that harmed investors.

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Read more - Tonya Evans, blockchain expert, joins DCG’s board of directors
Digital Currency Group (DCG) has added Tonya Evans, a tenured professor at Penn State Dickinson Law with expertise in intellectual property, blockchains, and distributed ledger technology, to its board of directors. In her new role, Evans will contribute to the…

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Read more - Gemini: Barry Silbert’s DCG continues to ‘gaslight creditors’
Gemini took issue with DCG's creation of a $1.1 billion promissory note, claiming it was an attempt to obscure substantial financial losses stemming from the collapse of Three Arrows Capital.

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Read more - DCG proposes repayment plan for Genesis creditors
DCG, parent company of insolvent Genesis, is proposing a creditor repayment plan, including that of Gemini Earn investors

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Read more - FBI questions Winklevoss twins on DCG’s CEO misconduct
US federal officials are currently scrutinizing the internal financial transactions of DCG and its subsidiary, Genesis Global Capital.

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Read more - Genesis suing DCG to recover $620m in outstanding loans
Genesis Global is suing DCG, aiming to reclaim $620 million in unpaid loans

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Read more - Genesis Global set to quit crypto spot trading business
Genesis Global Trading, an affiliate of Digital Currency Group (DCG), plans to cease its crypto spot trading operations this month due to undisclosed “business reasons.” This voluntary decision stems from a series of business considerations and follows the January bankruptcy…

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Read more - Gemini filed an opposition to Genesis’s bankruptcy plan
Gemini, a crypto exchange led by the Winklevoss twins, opposed the bankruptcy plan by Genesis and Digital Currency Group (DCG). Gemini‘s lawyers explained that the bankruptcy plan lacks enough details and guarantees for some of the largest debtors. The Gemini’s filing stated…

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Read more - DCG and Genesis reach landmark settlement over bankruptcy
DCG's has reached a settlement with Genesis as they agree to reimburse creditors 70-90% as they seek tp address bankruptcy complexities and setting new recovery standards.

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Read more - CoinDesk lays off over 40% of editorial staff to ‘ensure a financially sound business’ ahead of sale
CoinDesk lays off over 40% of editorial staff to ‘ensure a financially sound business’ ahead of sale
Digital Currency Group (DCG) is laying off staff as the company tries to ensure that its expenses-to-profit ratio looks better for potential acquirers. DCG — the owner of CoinDesk — is cutting the publication’s editorial team by almost 45%, or…

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Read more - Crypto media Coindesk might be sold for $125m
A group of investors are reportedly nearing a deal to acquire crypto media outlet Coindesk for $125 million. According to the Wall Street Journal citing “people familiar with the matter,” the investor group is led by Matthew Roszak, founder and…

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Read more - Gemini files lawsuit against DCG and Barry Silbert alleging fraudulent activities
Cryptocurrency exchange Gemini has filed a lawsuit in a New York court against DCG (Digital Currency Group) and Barry Silbert. Cameron Winklevoss, the co-founder of Gemini, alleged in a tweet published today, June 7, that Silbert played a central role…

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Read more - Gemini gives DCG a $1.46b debt repayment ultimatum
Gemini co-founder Cameron Winklevoss has proposed a final offer, mandating Digital Currency Group’s (DCG) Barry Silbert and his embattled company to start reimbursing Gemini Earn creditors by July 21 or face a lawsuit. There appears to be a glimmer of…

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Read more - DCG to cease operation of its institutional trading subsidiaryÂ
Digital Currency Group (DCG) is shutting down one of its subsidiaries offering trading services to institutional investors, with the venture capital conglomerate citing a tough regulatory environment along with the bear market as reasons for its action.  DCG is set…

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Read more - Gemini enters mediation, hopes to quickly resolve DCG dispute
The Gemini crypto exchange hopes mediation will produce a swift resolution to negotiations with Digital Currency Group (DCG) about returning funds belonging to users of the now-defunct Gemini Earn program. In an update on April 28, Gemini stated that DCG,…

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Read more - DCG’s mining subsidiary to introduce access feesÂ
Bitcoin (BTC) mining pool Foundry USA has reportedly notified its users of its plans to introduce service access fees. Its parent firm, Digital Currency Group, is one of the entities hit hard by Sam Bankman-Fried’s FTX collapse. Foundry USA, a…