Alameda Research Ltd, the FTX debtor, has filed a lawsuit against Grayscale Investment’s CEO and owners over firm mismanagement in part of the Trust agreement violation. The fallen crypto exchange pl...
Tag: DCG
FTX sues Grayscale and DCG, citing ‘exorbitant’ fees
Collapsed crypto exchange FTX filed a lawsuit against Grayscale Investment, citing mismanagement of the firm as evidence that it was in violation of Trust agreements. The FTX debtors also filed ...
3AC Collapse Costs DCG $1B
The Digital Currency Group (DCG) has reported losses worth $1 billion in 2022 in the aftermath of the collapse of Three Arrows Capital (3AC). 3AC Owes DCG $2B DCG recently released the investor repor...
Crypto Giant DCG Revealed a Loss of Over $1 Billion in 2022 (Report)
The venture capital firm focused on cryptocurrencies – Digital Currency Group (DCG) – reportedly marked a loss of $1.1 billion last year. Some of the primary reasons for the downfall were the collaps...
DCG records over $1b loss in 2022 amid crypto collapses
Digital Currency Group (DCG), a venture capital conglomerate with subsidiaries including Genesis and crypto news publication Coindesk, recorded over $1 billion loss in 2022, majorly as a result of Thr...
DCG losses top $1B on the back of 3AC collapse in 2022
Cryptocurrency venture capital conglomerate Digital Currency Group (DCG) has reported losses of over $1 billion in 2022 due largely to the contagion relating to the collapse of the crypto hedge fund T...
DCG reported loss of $1.1 billion in 2022, CoinDesk says
Digital Currency Group said it lost $1.1 billion last year amid falling crypto prices and the restructuring of its Genesis lending platform, CoinDesk reported. “In addition to the negati...
Genesis Unveils Sale Plan With DCG, Crypto Daily TV 13/2/2023
In Todays Headline TV CryptoDaily News: Ethereum sets February date for Sepolia testnet to get Shanghai hard fork. Ethereum developers agreed on Feb. 28 as the target date for pushing the Sepolia test...
Know details about Genesis Plans with DCG
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DCG Dumps ETH Trust Shares Despite Steep Discount: Report
Digital Currency Group (DCG) has reportedly been selling shares of some of Grayscale Investments’ crypto trusts in an effort to raise capital following the bankruptcy filing of Genesis. Founded ...
Bitvavo Expects a DCG Deal Recovery of 80–100% on Outstanding Debt
Join Our Telegram channel to stay up to date on breaking news coverage Crypto exchange Bitvavo expects Digital Currency Group (DCG) to fulfill at least 80% of its obligations to the exchange. What: Bi...
DCG Strikes A Debt Deal To Cut Off Some Limbs To Try Save The Patient
Join Our Telegram channel to stay up to date on breaking news coverage Following its high-profile bankruptcy three weeks ago, the lending arm of crypto institutional brokerage Genesis has reportedly a...
Bitvavo will receive 80% of DCG debt
Bitvavo just released a statement announcing that they expect to receive at least 80% of the debt owed to them by DCG. According to incoming reports, Digital Currency Group currently owes Bitvavo, a ...
DCG Dumps Grayscale Shares at Discounted Prices
The Digital Currency Group (DCG) is attempting to raise funds by selling its Grayscale stake at a discount, which may lead to more pain in the market. DCG, one of the oldest players in the industry, h...
DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy
“Under the settlement, DCG would contribute that entity, [Genesis Global Trading], to [Genesis Global Holdco] … that will happen on the effective date,” O’Neal said. “In ...
DCG and Genesis reach initial deal to restructure plan with creditors
The Digital Currency Group and Genesis have reached an initial deal with a group of the firm’s main creditors. The agreement involves selling Genesis’ bankrupt entities and refinancing outstanding lo...
Digital Currency Group (DCG) And Genesis Reach Initial Deal With Creditors
– Advertisement – The Digital Currency Group (DCG) and Genesis have reached an in-principle agreement with the conglomerate’s main creditors. The deal involves the sale of bankrupt Genesi...
Genesis and DCG close “agreement in principle” to help the crypto lending company
According to a CoinDesk report, crypto lending company Genesis and its parent company, Digital Currency Group (DCG), are moving forward with the former’s bankruptcy process. In this regard, the ...
Will Bitcoin, Ethereum Crash? DCG Sells Grayscale Shares
After a long back-and-forth, the Genesis and DCG drama appears to be coming to a relatively smooth end after Genesis reached an agreement with DCG and other creditors yesterday – but a price crash cou...
Relief As Gemini, Genesis, And DCG Reach Agreement Over Assets
Gemini Earn users heaved a collective sigh of relief as Gemini, Genesis Global Capital (Genesis), and Digital Currency Group reached an agreement over the Earn Program. Digital Currency Group will al...
Crypto Lender Genesis Reaches Principle Agreement with DCG
On Feb. 6, Genesis announced that it has arrived at a global resolution that will “maximize value” for all Genesis clients and stakeholders. The in principle agreement is with its parent company DCG a...
DCG Creditors Bail Genesis Out of Possible Bankruptcy
Digital Currency Group (DCG) appears to have avoided possible bankruptcy as its sister firms, and Genesis subsidiaries, have reached an agreement with creditors to avoid going under. Digital Currency ...
Genesis, Gemini and DCG reach agreement in bankruptcy court
Genesis, its parent Digital Currency Group, Gemini and other creditors have reached a bankruptcy agreement to recover assets. Sean O’Neal, a lawyer representing the debtors, said the sides agre...
DCG And Genesis Close Initial Agreement With Creditors
Per a report from CoinDesk, crypto lending firm Genesis and its parent company Digital Currency Group (DCG) are moving forward with the former’s bankruptcy process. The companies reached a “principle ...
DCG and Genesis branches agree on a restructuring plan: CoinDesk
Digital Currency Group and Genesis subsidiaries have reached an initial agreement on a restructuring plan with a group of the firm’s main creditors, according to CoinDesk. This comes after Gene...
Cameron Winklevoss Pens Letter Calling for DCG Head’s Resignation
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 th...
Bitvavo Crypto Exchange Rejects 70% Repayment Plan from DCG
Bitvavo – a Dutch bitcoin exchange – has rejected a proposal from the Digital Currency Group (DGC) headed by Barry Silbert to repay approximately 70 percent of the debt owed to it by Genesis Trading. ...
Luno Crypto Exchange Owned by DCG Announces 35% Layoff
2 hours ago | 2 mins read Exchange News More than 300 workers would be impacted by the company’s decision. The DCG is already under pressure from the liquidity crisis. Another member of the Digital Cu...
Luno Slashes 35% of its Workforce as DCG Battles Challenges
The layoffs by crypto exchanges continues, with employees of Luno being the latest victim. The company has announced it will let go of approximately 336 employees. Unfortunately, back-to-back layoffs ...
DCG Subsidiary Luno Lays Off 35% of Employees (Report)
The London-based cryptocurrency platform – Luno – will reportedly trim the size of its team by over 330 people. It adds its name to the growing list of industry players dismissing staff due to the bea...