Crypto exchange Bitvavo is expecting Digital Currency Group (DCG) to repay at least 80% of its debt to the exchange, according to a Reuters report. DCG owes €280 million to Bitvavo — which equates to ...
Tag: DCGs
Genesis Bankruptcy Restructuring Advances with DCG’s Plan to Sell Trading Division
Digital Currency Group (DCG) and its subsidiary Genesis have reached an agreement with a key group of creditors over the restructuring of its crypto trading business and lending arm, which filed for b...
DCG’s subsidiary Genesis Capital slapped with new class
A new class action lawsuit has been filed against the cryptocurrency corporation Digital Currency Group (DCG), making the company’s legal woes even more numerous. The claim was filed against DCG...
Binance Reportedly Eliminates DCG’s TWAP Trades Citing Legal Risks
The world’s largest crypto exchange Binance has reportedly eliminated Barry Silbert’s Digital Currency Group’s (DCG) ability to make time-weighted average price (TWAP) trades. The potential reasons be...
DCG’s Subsidiary Genesis Global Files for Chapter 11 Bankruptcy
Digital Currency Group (DCG) subsidiary Genesis has finally filed for Chapter 11 bankruptcy in the Southern District of New York (SDNY) court late Thursday night. The platform was engaged in a series ...
DCG’s CoinDesk receives buyout interest; exploring partial or full sale
Cryptocurrency news company Coindesk is seeking a buyer through investment bankers, The Wall Street Journal reported Jan. 18. Coindesk CEO Kevin Worth told the Journal that his company has “received n...
DCG’s ‘carefully crafted campaign of lies’?
The monumental collapse of FTX didn’t just destroy a crypto exchange and wipe out billions in customer deposits — it also exposed accounting irregularities at Barry Silbert’s empire, the Digital Curre...
Crypto Mogul Justin Sun Looking to buy Crypto Conglomerate DCG’s Assets
Crypto mogul and blockchain-based platform Tron’s founder Justin Sun, recently discussed plans to buy Digital Currency Group’s (DCG) assets worth $1 billion. DCG is the parent company of Crypto tradin...
Bitvavo Rejects DCG’s 70% Debt Repayment Offer
The cryptocurrency exchange Bitvavo, which is a significant creditor of the financially challenged cryptocurrency startup Digital Currency Group (DCG), has rejected DCG’s proposal of partial deb...
Dutch Crypto Exchange Refuses DCG’s Offer to Pay 70% of its Debt
Dutch crypto exchange Bitvavo claimed to have received an offer from Digital Currency Group (DCG) on January 9th to repay 70% of its debt within an acceptable period. However, the company refused the ...
Dutch exchange Bitvavo rejects DCG’s proposal to repay 70% of debt
Cryptocurrency exchange Bitvavo, a major creditor of the troubled crypto company Digital Currency Group (DCG), has dismissed DCG’s proposal of partial debt repayment. Bitvavo officially announced on J...
Bitvavo rejects DCG’s 70% repayment proposal
Bitvavo, a Dutch crypto exchange, has rejected a 70% repayment proposal from Digital Currency Group (DCG). DCG is currently experiencing a liquidity crunch. For Bitvavo, it’s an all-or-none situation...
Bitvavo rejects DCG’s 70% repayment proposal
Crypto exchange Bitvavo rejected Digital Currency Group’s (DCG) proposal to repay 70% of its debt because the embattled firm has sufficient funds to make full repayment, according to a Jan. 10 stateme...
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’s Winklevoss, DCG’s Silbert spar over frozen funds on Genesis
Gemini co-founder Cameron Winklevoss accused Digital Currency Group head Barry Silbert of “bad faith stall tactics” and comingling funds at his conglomerate in a pointed open letter posted...
Gemini co-founder accuses DCG’s Silbert of “Bad Faith” while dispute over $900 million in locked funds stagnates
Join Our Telegram channel to stay up to date on breaking news coverage The CEO of Digital Currency Group, Barry Silbert, has been accused of “bad faith stall tactics” by the co-founder of cryptocurren...
Gemini Co-Founder Accuses DCG’s Silbert of ‘Bad Faith’ Stalling in $900M Locked Funds Dispute
Gemini Trust Co., which is co-owned by Winklevoss and his twin brother Tyler, paused redemptions on an interest-earning product called Earn in mid-November, a week after rival crypto exchange FTX file...
DCG’s Subsidiary Foundry Launches Training Program for Miners
Foundry, a crypto mining and staking firm, has launched a new training program for miners. Foundry’s training program gives tough competition to Bitmain and MicroBT’s training courses. First co...
‘Governments Have Unintentionally Created The Perfect Environment For Bitcoin To Thrive’ — DCG’s Silbert ⋆ ZyCrypto
Advertisement     Key Takeaways DCG founder and CEO, Barry Silbert expects Bitcoin to continue to thrive. The billionaire’s optimism stems from the recent actions of w...