Gemini, the cryptocurrency exchange helmed by the Winklevoss twins, is planning to sue Digital Currency Group (DCG) and its CEO Barry Silbert unless they offer a plan for repaying the $900 million loa...
Tag: Currency
China’s Central Bank Digital Currency (CBDC)
Improvements have been implemented into China’s Central Bank Digital Currency (CBDC), often known as the digital yuan or eCNY. These upgrades have given the digital yuan the ability to participa...
Digital Currency Group’s Genesis Global files for bankruptcy protection
Genesis Global Holdco filed for bankruptcy protection late Thursday in New York federal district court. The news comes after the firm failed in a bid to raise cash for its troubled lending unit and cu...
Crypto Winter Chills at Digital Currency Group, Coinbase
Digital Currency Group, a crypto conglomerate that owns CoinDesk, is suspending its dividends until further notice. “In response to the current market environment, DCG has been focused on streng...
Top Challenges To Incorporate Fiat Currency In Cryptocurrency Gambling Sites
Introduction The casino industry has seen impressive growth over the past few years, including introducing new goods, marketing strategies, payment methods, and other innovations. The adoption of cryp...
Digital Currency Group Hits the Brakes on Dividends in Order to Conserve Liquidity
Digital Currency Group claims that it is aiming to rebuild its balance sheet by cutting operational costs and conserving liquidity. Barry Silbert founded DCG in 2015. Digital Currency Group (DCG), a v...
Nearly $1 Billion Poured Into Egypt’s Forex Market — Local Currency Now World’s Worst Performing Currency in 2023 – Economics Bitcoin News
The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’ return to the country’s foreign market where they reportedly poured...
Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis – Bitcoin News
According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the...
Digital Currency Group Suspends Payouts To Maintain Liquidity
In an effort to maintain its existing level of liquidity, the venture capital company Digital Currency Group (DCG) has informed its shareholders that it would temporarily suspend the payment of its qu...
Digital Currency Group (DCG) Suspends Dividends To Save Cash
The Digital Currency Group is halting dividend payments in a bid to maintain liquidity. Distressed subsidiaries, including Genesis, have prompted DCG to make this decision. The company’s CEO has been ...
Crypto giant Digital Currency Group halts dividend payments: Coindesk
Crypto giant Digital Currency Group (DCG) has suspended its quarterly dividends, according to a shareholder letter seen by Coindesk. “In response to the current market environment, DCG has...
Decoding the Meme Currency: A Technical Analysis of Dogecoin
Dogecoin is in uptrend from past few days A decent chance for short-term investors Dogecoin is trading around its 50 EMA (the blue line) and is in an uptrend at the moment .The coin is currently at i...
XRP Rival Stellar (XLM) Turns Green as Commercial Bank Runs Pilot Program for New Digital Currency System
XRP‘s most prominent rival is rallying this week as a Ukrainian banking giant announces the results of using its blockchain in a new digital currency system pilot program. Stellar (XLM) is a multi-cur...
Tron Founder Justin Sun Looking To Spend $1,000,000,000 on Digital Currency Group’s Assets: Report
Justin Sun is reportedly eyeing the assets of Digital Currency Group (DCG), the parent company of embattled crypto broker Genesis and many other firms in the industry. According to Reuters, the founde...
Does Historically Low Bitcoin Price Volatility Make It A Currency Yet?
The Bitcoin price has taken a battering over the past year. But at the same time, its volatility is at a historic low. Will BTC critics finally admit it’s a currency yet? Crypto markets are making a r...
BTC in Dubai: How is the virtual currency doing?
Introduction The virtual money known as Bitcoin, which has gained popularity in the corporate sector, may be familiar to you. But just what is Bitcoin? How is Dubai’s Bitcoin market doing right now? P...
Justin Sun is prepared to spend up to $1 billion on Digital Currency Group’s assets
Embattled cryptocurrency lender Genesis’ parent firm, Digital Currency Group (DCG), is selling some of its assets. Chinese crypto entrepreneur and former Tron blockchain co-founder, Justin Sun, is pre...
ReFi Crypto Currency Xrp Classic Develops Eco-Friendly Blockchain Technology
Launched in December, Xrp Classic promotes eco-friendly ReFi using blockchain. It has received confirmation from SolidProof on credibility and authenticity. DUBAI, United Arab Emirates–(BUSINESS WIRE)...
Digital Currency Group May Offload Assets to Pay $3 Billion Debt
As the crypto market continues to evolve and mature, one of the industry’s major players, Digital Currency Group (DCG), is facing a significant financial crisis. According to sources familiar with the...
With Genesis Over $3,000,000,000 in Debt, Digital Currency Group Weighs Selling Venture Portfolio Assets: Report
A new report claims that the parent company of crypto broker Genesis is considering selling venture capital assets to pay back creditors. With Genesis more than $3 billion in debt, the Financial Times...
Gemini Co-Founder Accuses Digital Currency Group of Misrepresentation, Demands CEO Resignation – Bitcoin News
Gemini CEO Cameron Winklevoss has published another open letter on Twitter, addressed to the board members of Digital Currency Group (DCG). In the letter, Winklevoss accuses DCG and CEO Barry Silbert ...
Is Digital Currency Group (DCG) a Sinking Ship? What To Expect in 2023 – Another Bankruptcy?
Digital Currency Group (DCG) is a venture capital firm that invests and builds businesses in cryptocurrency, and blockchain-related companies. It is founded in 2015 by Barry Silbert and is headquarter...
Federal Prosecutors and SEC Probing Crypto Titan Digital Currency Group: Report
Federal authorities are reportedly investigating the internal finances of crypto giant Digital Currency Group (DCG). According to a new report by Bloomberg, anonymous sources familiar with the matter ...
Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization – Economics Bitcoin News
During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that i...
Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis – Bitcoin News
Following accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal pro...