The crypto winter has exposed the frailty in the business models of many companies in Web3, and the implosion of the FTX Derivatives Exchange back in November further aggravated the financial inconsis...
Tag: DCG
Crypto Conglomerate DCG Under Investigation by DOJ and SEC
Cryptocurrency conglomerate Digital Currency Group, or DCG, is reportedly under investigation by the United States Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). The aut...
DCG Wind Down Wealth Management Unit HQ
After DCG subsidiary Genesis Global Capital halted withdrawals from its platform in November 2022, the second biggest blow hit the US-based venture capital company. On Thursday, DCG announced that the...
Genesis Parts Ways With Sales Staffers, Said To Spell More Bad Tidings
There’s no end in sight for Genesis’ prickly problems as executives exhaust avenues to keep the crypto company above water. Among the 30% of firm-wide employees Genesis cut on Thursday was the majorit...
Crypto Giant DCG Shuts Down HQ Subsidiary amid Global Economic Crisis
DCG once appeared to be untouchable but may fast be losing its stability. Digital Currency Group (DCG) has announced that it is shutting down operations at its wealth management division HQ. According...
DCG Reportedly Under Investigations From US Prosecutors
Digital Currency Group (DCG) is now facing investigations from US authorities over its internal financial transactions, Bloomberg reported, citing people familiar with the matter. According to the rep...
DCG Faces Regulatory Investigation Over Internal Transfers
A day after Digital Currency Group (DCG) announced shutting down its wealth management unit, US authorities launched an investigation into the internal financial dealings of the company. DCG is the pa...
Crypto Conglomerate DCG Being Investigated by DOJ, SEC: Report
Officials with the U.S. Department of Justice’s Eastern District of New York (EDNY) and the U.S. Securities and Exchange Commission are examining transfers between Digital Currency Group and the...
Silbert’s DCG is being investigated by DOJ, SEC over internal transactions
The U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have opened investigations into Barry Silbert’s Digital Currency Group (DCG) to examine its internal money transfe...
DCG Confirms Shutdown of Wealth Management Subsidiary HQ
Digital Currency Group (DCG), the crypto conglomerate that owns beleaguered crypto broker Genesis and digital asset manager Grayscale, confirmed Thursday that it is shuttering HQ, its wealth managemen...
US Attorneys Delve Into DCG Finances: No Accusations Yet
The US Attorneys have initiated their investigation on DCG and its subsidiaries. The company or its subsidiaries haven’t been accused of any illegal activities. SEC has also started to investigate the...
DCG Wealth Management Division Shuts Down Hours After Genesis Announced Layoffs: Report
Yesterday, the DCG Group – a conglomerate that manages Genesis, Grayscale, and wealth management service HQ – announced a 30% workforce reduction as the shadow of bankruptcy looms over the battered cr...
Can DCG, Genesis, and Grayscale Survive the FTX Fallout?
After the FTX collapse, concerns around the Digital Currency Group (DCG) and its subsidiaries (Genesis, Grayscale) began spreading across the industry. Can the crypto market witness yet more contagion...
Report: Crypto Firm DCG Is Contending with Tons of Debt
DCG (Digital Currency Group) – the crypto company that owns Grayscale – is allegedly $2 billion in debt, giving traders and crypto analysts a lot to be anxious about. DCG Is Allegedly Dealing with Ton...
Digital Currency Group (DCG) Shuts Downs Wealth Division Unit
Genesis has been experiencing significant liquidity difficulty since the FTX crash. Co-founder of Gemini recently addressed an open letter to DCG CEO. Digital Currency Group (DCG), Genesis Global’s pa...
DCG Closes Subsidiary HQ, Fueling Fears In Bitcoin Market
Digital Currency Group (DCG), the crypto conglomerate that owns lender Genesis Trading and asset manager Grayscale, among others, today made public that it has closed its asset management division cal...
Prominent Research Firm Issues a Warning. Here’s What Will Happen if DCG Files for Bankruptcy
Arcane Research, in a new report, has highlighted that investors should keep an eye on Digital Currency Group’s (DCG) prolonged financial troubles because it could have a negative impact on the crypto...
Research Firm Warns Bitcoin And ETH Investors Over DCG
Renowned crypto firm Arcane Research has issued a warning to Bitcoin (BTC) and Ethereum (ETH) investors in light of the escalating events surrounding Digital Currency Group (DCG), Genesis, and Graysca...
Larry Summers gives up advisory role at crypto firm DCG amid criticism
Larry Summers, the Harvard professor and former top financial advisor during the Obama administration, has cut ties with troubled crypto conglomerate Digital Currency Group (DCG). Summers joined DCG ...
You Have One Week To Return Gemini Funds, Winklevoss Tells DCG Boss
The debacle between the Gemini exchange and crypto lender Genesis, and by extension, Digital Currency Group (DCG), has grown heated over the last couple of weeks. Now, with Gemini customers and credit...
Gemini Accuses DCG of Being Behind Genesis’ Woes ⋆ ZyCrypto
Advertisement     Gemini’s co-founder Cameron Winklevoss wrote an open letter Tuesday accusing Barry Silbert, CEO of DCG, the parent company of Genesis trading, of cau...
BTC and ETH most affected if DCG and Grayscale collapse
There is increasing pressure on Grayscale and the Digital Currency Group (DCG). In addition, customers of Gemini Earn have filed a class action lawsuit against both firms, and the Winklevoss twins hav...
Su Zhu gets called out by the community as he fires off accusations against DCG
As liquidity issues surround the Digital Currency Group (DCG), Three Arrows Capital (3AC) founder Su Zhu made a Twitter thread containing allegations against DCG and FTX. However, the founder immediat...
3AC’s Su Zhu accuses FTX and DCG of plotting these moves against LUNA
3AC’s Su Zhu has alleged that DCG and FTX conspired to attack LUNA and stETH. Su Zhu and Kyle Davis previously alleged that Alameda Research had hunted 3AC’s positions. Su Zhu, the man behind Three Ar...
3AC founder says DCG and FTX helped cause Terra collapse
In a recent Twitter thread, Zhu Su claimed DCG and FTX directly fueled the collapse of Terra, and that they could have helped Terra and 3AC peacefully restructure. 3AC founder says DCG helped Terra im...
This is BIG: DCG and Genesis the next FTX and Alameda?
In collaborative efforts with DCG’s crypto company Genesis, Gemini provides a crypto lending product called Earn. After the bankruptcy of major cryptocurrency exchange FTX in November, Genesis stoppe...
These Altcoins Will Be Hit Hardest If DCG And Grayscale Fall
The pressure on the Digital Currency Group (DCG) and Grayscale continues to mount. The Winklevoss twins have given DCG an ultimatum of January 8th to return the $900 million Gemini Earn customer funds...