Digital Currency Group (DCG) is reportedly looking to sell some of its venture capital holdings to raise capital after affiliate Genesis was among those who took a major hit during last year’s market ...
Tag: DCG
Justin Sun eyes up to $1 billion spend on DCG assets: Reuters
Tron founder Justin Sun is reportedly considering spending as much as $1 billion on assets of crypto conglomerate Digital Currency Group, which owns troubled crypto lender Genesis among several notabl...
Justin Sun says he may spend $1 billion on DCG assets
Justin Sun could spend $1 billion of his funds to buy assets belonging to Digital Currency Group, according to a report from Reuters on Jan. 13. Sun told the media company that he could spend that amo...
DCG considers selling assets to pay $3b Genesis debt
Digital Currency Group (DCG), the conglomerate that owns crypto broker Genesis, is reportedly considering selling assets from its portfolio to pay Genesis’ $3 billion debt. DCG explores selling VC as...
DCG plans to sell assets to help Genesis
The Financial Times reported on Thursday that Digital Currency Group might be selling off some of its venture portfolio assets to generate enough funds for Genesis, their wholly-owned subsidiary, to c...
DCG Looking to Sell Off Some Assets as Genesis Owes Creditors Over $3B: Report
Digital Currency Group (DCG), the parent company of wholly-owned subsidiary, crypto brokerage firm Genesis, is reportedly looking to offload some of its venture capital portfolios to raise funds to co...
DCG scrambling to raise funds to cover Genesis’ $3B debt burden
Embattled crypto lender Genesis owes over $3 billion to its creditors, the Financial Times reported on Jan. 12, citing sources familiar with the matter. The lender owes $900 million to users of Gemini...
DCG crisis likely won’t ‘include a lot of selling’ — Novogratz
Galaxy Digital Holdings CEO Mike Novogratz has hosed down fears over the crisis facing Digital Currency Group (DCG) and Genesis, saying while it’s “not good news,” it won’t “include a lot of selling.”...
DCG Head Silbert Fights For His Life As Winklevoss Brothers Demand He Quits
Join Our Telegram channel to stay up to date on breaking news coverage Digital Currency Group CEO Barry Silbert is fighting for his life as the Winklevoss brothers demand he quits. Based on recent rep...
Bitvavo protests the 70% repayment offer by DCG
Bitvavo claimed that Digital Currency Group (DCG) owned more assets than they were willing to owe up. Events leading up to the offer go back to the bankrupt Genesis Capital, owned by DCG. Multiple par...
Gemini End To The Crypto Earn Program Amidst DCG Fallout
The contention between Gemini and the Genesis group has been spiraling, especially with the most recent development. Gemini has officially put a stop to the interest-bearing product, which is the flag...
Bitvavo rejects DCG’s partial loan repayment offer
Bitvavo has rejected an offer by Digital Currency Group to pay part of the €280 million ($297 million) owed by its beleaguered crypto lending subsidiary Genesis, the Dutch crypto exchange said on Tues...
Gemini co-founder calls to oust DCG CEO; Binance liquidates $75M SHIB
The biggest news in the cryptoverse on Jan. 10 saw Gemini co-founder Cameron Winklevoss accuse DCG CEO Barry Silbert of fraud and demand his removal — only to receive a rebuttal from DCG itself. Elsew...
DCG labels Gemini co-founder’s allegations as ‘publicity stunts’
The Digital Currency Group (DCG) has responded to recent allegations made by Gemini co-founder Cameron Winklevoss against the DCG, calling them “desperate and unconstructive publicity stunts.” This is...
Valueless Crypto Worth Hundreds Of Millions Of Dollars
I expect a slow motion wreck in 2023, but right now bitcoin is doing a remarkable job remaining … [+] stable. getty 2023 and even 2024 are going to be tough economic times with large amounts of ...
Winklevoss publicly accuse Genesis and DCG of defrauding its 340,000 customers
Cameron Winklevoss, the co-founder of Gemini crypto exchange, has hit out at digital assets investment firm Genesis and its parent company Digital Currency Group (DCG) for orchestrating an alleged fra...
Gemini CEO Winklevoss escalates DCG spat, demands removal of Silbert
Gemini CEO Cameron Winklevoss demanded the removal of Digital Currency Group CEO Barry Silbert in an open letter, escalating an ongoing spat over the frozen funds of the exchange’s Earn users. &...
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...