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**🚨 Breaking News: ⚖️ Digital Currency Group (DCG) responds to fraud charges from NY Attorney General's Office, asserting legality in business operations and faithful cooperation with the investigation. DCG counters claims, stating there is no evidence for alleged illegal acts. CEO Barry Silbert expresses regret over the indictment. NYAG previously charged DCG, Barry Silbert, Gemini, Genesis, and former Genesis CEO Michael Moreau with fraud and conspiracy to commit fraud. 🔍💼 #DCG #FraudCharges #LegalProceedings
Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert's DCG empire.
Check #DCG Portfolio to Understand which Crypto Projects Can affect to this Bankruptcy.
#crypto2023 #dyor #Binance #genesis
Check #DCG Portfolio to Understand which Crypto Projects Can affect to this Bankruptcy.
#crypto2023 #dyor #Binance #genesis
Cameron Winklevoss, co-founder of the well-known #cryptocurrency exchange #Gemini, has recently revived the continuing dispute involving the alleged fraudulent behaviour of DCG and its subsidiary, Genesis, in an open letter addressed to Barry Silbert, the CEO of Digital Currency Group (#DCG ). Winklevoss represents 232,000 Earn users who have been negatively impacted by DCG's actions and has over $1.2 billion worth of assets stuck in Genesis.
#Winklevoss charges Silbert and his business with cultivating a culture of falsehoods, deceit, and financial malfeasance in a vehement letter.
#Winklevoss charges Silbert and his business with cultivating a culture of falsehoods, deceit, and financial malfeasance in a vehement letter.
DCG Nears Settlement with Genesis Creditors: Reports $216M Q2 Revenue with New CFO
CryptosHeadlines.com - The Leading Crypto Research Network:
Digital Currency Group (DCG) announced that they have chosen Mark Shifke to be their new chief financial officer (CFO).
Digital Currency Group (DCG) is close to reaching a settlement with Genesis, its subsidiary’s creditors, as reported by Bloomberg on July 31.
In DCG’s second-quarter shareholder letter released on the same day, they mentioned making significant progress in negotiations to resolve the claims in the Genesis Capital Chapter 11 cases. The company is optimistic about bringing these cases to a close soon and will provide updates as the claim resolution process moves forward.
DCG Reports Revenue Growth but Records Loss in Q2:
Regarding financials, DCG reported $216 million in revenue for the second quarter, showing a 17% increase in sequential revenue growth. However, the company also incurred a consolidated quarterly loss of about $79 million. The loss was mainly due to a one-time counterparty default at Genesis, which cost $113 million.
As part of the developments, DCG appointed Mark Shifke as its new CFO. Shifke has a background in the fintech industry, having held executive roles in companies like Billtrust and Green Dot, as well as traditional financial firms like JP Morgan and Goldman Sachs. He is relatively new to the cryptocurrency industry.
Genesis Commences Bankruptcy in Early 2023:
Genesis Global Holdco’s lending arm, a subsidiary of DCG, filed for bankruptcy protection on January 19, 2023, stating a debt of $3.5 billion owed to its 50 largest creditors. The bankruptcy proceedings are still ongoing and have significantly impacted Gemini, a crypto exchange that collaborated with Genesis to offer an interest-bearing “Earn” product. Gemini is now one of Genesis’ largest creditors and expressed frustration with a deal expected to close in mid-July.
In early July, Gemini filed a lawsuit against DCG and its CEO, Barry Silbert, accusing them of “fraud and deception.” DCG has denied any wrongdoing.
On the other hand, Genesis reached an agreement with another creditor, the defunct crypto exchange FTX, as per court filings on July 27. The situation remains complex, with ongoing legal actions and negotiations.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#NFT #Web3 #Blockchain #DCG #GENESIS
Digital Currency Group (DCG) announced that they have chosen Mark Shifke to be their new chief financial officer (CFO).
Digital Currency Group (DCG) is close to reaching a settlement with Genesis, its subsidiary’s creditors, as reported by Bloomberg on July 31.
In DCG’s second-quarter shareholder letter released on the same day, they mentioned making significant progress in negotiations to resolve the claims in the Genesis Capital Chapter 11 cases. The company is optimistic about bringing these cases to a close soon and will provide updates as the claim resolution process moves forward.
DCG Reports Revenue Growth but Records Loss in Q2:
Regarding financials, DCG reported $216 million in revenue for the second quarter, showing a 17% increase in sequential revenue growth. However, the company also incurred a consolidated quarterly loss of about $79 million. The loss was mainly due to a one-time counterparty default at Genesis, which cost $113 million.
As part of the developments, DCG appointed Mark Shifke as its new CFO. Shifke has a background in the fintech industry, having held executive roles in companies like Billtrust and Green Dot, as well as traditional financial firms like JP Morgan and Goldman Sachs. He is relatively new to the cryptocurrency industry.
Genesis Commences Bankruptcy in Early 2023:
Genesis Global Holdco’s lending arm, a subsidiary of DCG, filed for bankruptcy protection on January 19, 2023, stating a debt of $3.5 billion owed to its 50 largest creditors. The bankruptcy proceedings are still ongoing and have significantly impacted Gemini, a crypto exchange that collaborated with Genesis to offer an interest-bearing “Earn” product. Gemini is now one of Genesis’ largest creditors and expressed frustration with a deal expected to close in mid-July.
In early July, Gemini filed a lawsuit against DCG and its CEO, Barry Silbert, accusing them of “fraud and deception.” DCG has denied any wrongdoing.
On the other hand, Genesis reached an agreement with another creditor, the defunct crypto exchange FTX, as per court filings on July 27. The situation remains complex, with ongoing legal actions and negotiations.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#NFT #Web3 #Blockchain #DCG #GENESIS
Winklevoss Threatens Legal Action Against DCG over Genesis Debacle
Winklevoss Threatens Legal Action Against DCG
In an open letter, #Gemini CEO Cameron Winklevoss accused #DigitalCurrency Group (DCG) and its CEO, Barry Silbert, of delaying the resolution for Genesis, impacting 232,000 Earn users. Winklevoss claimed #DCG engaged in "fraudulent behavior" and "abused" the mediation process. He gave Silbert an ultimatum: accept Gemini’s final $1.47 billion offer by July 6 or face a lawsuit on July 7.
Source - https://www.coingabbar.com/en/crypto-shorts-news/winklevoss-threatens-legal-action-against-dcg
In an open letter, #Gemini CEO Cameron Winklevoss accused #DigitalCurrency Group (DCG) and its CEO, Barry Silbert, of delaying the resolution for Genesis, impacting 232,000 Earn users. Winklevoss claimed #DCG engaged in "fraudulent behavior" and "abused" the mediation process. He gave Silbert an ultimatum: accept Gemini’s final $1.47 billion offer by July 6 or face a lawsuit on July 7.
Source - https://www.coingabbar.com/en/crypto-shorts-news/winklevoss-threatens-legal-action-against-dcg
Barry Silbert's #DCG Looks to refinance outstanding Genesis obligations and raise growth capital.
More Info👇
https://www.coindesk.com/policy/2023/05/09/dcg-looks-to-refinance-outstanding-genesis-obligations-raise-growth-capital/
#crypto2023
More Info👇
https://www.coindesk.com/policy/2023/05/09/dcg-looks-to-refinance-outstanding-genesis-obligations-raise-growth-capital/
#crypto2023
Digital Currency Group is closing down its institutional trading platform, TradeBlock. The trading platform will officially cease operations on May 31st.
#DCG #crypto #crypto2023
#DCG #crypto #crypto2023
Crypto prices stabilizes, diverging from rising interest rates👐
Interestingly, despite DCG still mired in a myriad of litigation battles with various counterparties, Greyscale Trust's long-standing discount to NAV has sharply corrected over the past month thanks to all the various spot ETF filing applications, with the discount now at levels that's the narrowest going back to just after the 3AC/Celsius and pre-FTX days. On the other hand, on the BTC = digital gold argument, known gold ETF holdings have been declining steadily since 2020 on the back of higher rates, and this trend is very likely to continue as long as the CBs stay hawkish. Something to keep in mind for the longer trend in crypto prices against the background of a still rising interest rate environment.
#DCG #ETF #FTX $BTC #crypto
Interestingly, despite DCG still mired in a myriad of litigation battles with various counterparties, Greyscale Trust's long-standing discount to NAV has sharply corrected over the past month thanks to all the various spot ETF filing applications, with the discount now at levels that's the narrowest going back to just after the 3AC/Celsius and pre-FTX days. On the other hand, on the BTC = digital gold argument, known gold ETF holdings have been declining steadily since 2020 on the back of higher rates, and this trend is very likely to continue as long as the CBs stay hawkish. Something to keep in mind for the longer trend in crypto prices against the background of a still rising interest rate environment.
#DCG #ETF #FTX $BTC #crypto
Bullish Accelerates Growth with CoinDesk Acquisition. 💳🗞️📮
Bullish, a prominent institutional digital assets exchange, has recently acquired CoinDesk, a leading media, events, and index platform in the finance industry. This strategic move aims to bolster CoinDesk's global presence and enhance its media, events, and indexing businesses. Here are the key highlights:
Leadership Continuity:
CoinDesk will continue to operate independently under the leadership of Kevin Worth and the existing management team, ensuring a seamless transition.
Capital Injection:
Bullish plans to infuse capital into CoinDesk's growth initiatives, enabling the launch of new services, events, and products.
Commitment to Independence:
Bullish emphasizes unwavering support for CoinDesk's journalistic independence, underlining the importance of unbiased reporting in the crypto space.
Editorial Committee Leadership:
Matt Murray, former Editor-in-Chief of The Wall Street Journal, assumes the role of Chair of CoinDesk's Editorial Committee, reinforcing the commitment to editorial excellence.
CoinDesk Indices Strength:
CoinDesk Indices, a leading provider of digital asset indices, continues to innovate with new indicators and expand its global client base.
Award-Winning Media:
CoinDesk Media, known for its award-winning news and analysis, remains a pivotal player in the crypto news landscape, with flagship conferences like Consensus drawing over 15,000 attendees in 2023.
Bullish's Trading Volume Milestone:
Since its launch in November 2021, Bullish has executed over $300 billion in total trading volume, establishing itself as a significant player in the institutional digital assets sector.
Regulatory Compliance:
Regulated by the Gibraltar Financial Services Commission, Bullish ensures best execution trading, deep liquidity, and tight spreads.
Strategic Advisory:
Lazard advised DCG and CoinDesk, while Citi played a key advisory role for Bullish in this transaction.
#Coindesk #DCG #Bullish
Bullish, a prominent institutional digital assets exchange, has recently acquired CoinDesk, a leading media, events, and index platform in the finance industry. This strategic move aims to bolster CoinDesk's global presence and enhance its media, events, and indexing businesses. Here are the key highlights:
Leadership Continuity:
CoinDesk will continue to operate independently under the leadership of Kevin Worth and the existing management team, ensuring a seamless transition.
Capital Injection:
Bullish plans to infuse capital into CoinDesk's growth initiatives, enabling the launch of new services, events, and products.
Commitment to Independence:
Bullish emphasizes unwavering support for CoinDesk's journalistic independence, underlining the importance of unbiased reporting in the crypto space.
Editorial Committee Leadership:
Matt Murray, former Editor-in-Chief of The Wall Street Journal, assumes the role of Chair of CoinDesk's Editorial Committee, reinforcing the commitment to editorial excellence.
CoinDesk Indices Strength:
CoinDesk Indices, a leading provider of digital asset indices, continues to innovate with new indicators and expand its global client base.
Award-Winning Media:
CoinDesk Media, known for its award-winning news and analysis, remains a pivotal player in the crypto news landscape, with flagship conferences like Consensus drawing over 15,000 attendees in 2023.
Bullish's Trading Volume Milestone:
Since its launch in November 2021, Bullish has executed over $300 billion in total trading volume, establishing itself as a significant player in the institutional digital assets sector.
Regulatory Compliance:
Regulated by the Gibraltar Financial Services Commission, Bullish ensures best execution trading, deep liquidity, and tight spreads.
Strategic Advisory:
Lazard advised DCG and CoinDesk, while Citi played a key advisory role for Bullish in this transaction.
#Coindesk #DCG #Bullish
💼💰 Digital Currency Group (DCG) reports progress! Court documents reveal that DCG has reached a preliminary agreement with Genesis Capital's creditors. This agreement allows unsecured creditors to redeem 70-90% of their dollar-denominated bonds and recover 65-90% in cryptocurrency. This development follows FTX's bankruptcy filing last year, impacting Genesis' crypto loans. A step toward resolution in the financial landscape. 📜💱 #DCG #GenesisCapital #CreditorsAgreement
- 𝘿𝙞𝙜𝙞𝙩𝙖𝙡 𝘾𝙪𝙧𝙧𝙚𝙣𝙘𝙮 𝙂𝙧𝙤𝙪𝙥 (𝘿𝘾𝙂) 𝙝𝙖𝙨 𝙤𝙥𝙥𝙤𝙨𝙚𝙙 𝙖 𝙨𝙚𝙩𝙩𝙡𝙚𝙢𝙚𝙣𝙩 𝙥𝙧𝙤𝙥𝙤𝙨𝙖𝙡 𝙢𝙖𝙙𝙚 𝙗𝙮 𝙞𝙩𝙨 𝙨𝙪𝙗𝙨𝙞𝙙𝙞𝙖𝙧𝙮 𝙂𝙚𝙣𝙚𝙨𝙞𝙨 𝙂𝙡𝙤𝙗𝙖𝙡 𝙬𝙞𝙩𝙝 𝙩𝙝𝙚 𝙉𝙚𝙬 𝙔𝙤𝙧𝙠 𝘼𝙩𝙩𝙤𝙧𝙣𝙚𝙮 𝙂𝙚𝙣𝙚𝙧𝙖𝙡'𝙨 𝙊𝙛𝙛𝙞𝙘𝙚.
- 𝙂𝙚𝙣𝙚𝙨𝙞𝙨 𝙂𝙡𝙤𝙗𝙖𝙡 𝙝𝙖𝙙 𝙧𝙚𝙖𝙘𝙝𝙚𝙙 𝙖𝙣 𝙖𝙜𝙧𝙚𝙚𝙢𝙚𝙣𝙩 𝙚𝙖𝙧𝙡𝙞𝙚𝙧 𝙩𝙝𝙞𝙨 𝙢𝙤𝙣𝙩𝙝 𝙩𝙤 𝙨𝙚𝙩𝙩𝙡𝙚 𝙖𝙡𝙡𝙚𝙜𝙖𝙩𝙞𝙤𝙣𝙨 𝙤𝙛 𝙙𝙚𝙛𝙧𝙖𝙪𝙙𝙞𝙣𝙜 𝙞𝙣𝙫𝙚𝙨𝙩𝙤𝙧𝙨, 𝙗𝙪𝙩 𝘿𝘾𝙂 𝙗𝙚𝙡𝙞𝙚𝙫𝙚𝙨 𝙩𝙝𝙞𝙨 𝙞𝙨 𝙣𝙤𝙩 𝙖𝙣 𝙖𝙥𝙥𝙧𝙤𝙥𝙧𝙞𝙖𝙩𝙚 𝙨𝙤𝙡𝙪𝙩𝙞𝙤𝙣.
- 𝘿𝘾𝙂 𝙛𝙞𝙡𝙚𝙙 𝙖𝙣 𝙤𝙗𝙟𝙚𝙘𝙩𝙞𝙤𝙣, 𝙨𝙩𝙖𝙩𝙞𝙣𝙜 𝙩𝙝𝙖𝙩 𝙂𝙚𝙣𝙚𝙨𝙞𝙨 𝙨𝙝𝙤𝙪𝙡𝙙 𝙣𝙤𝙩 𝙪𝙨𝙚 𝙩𝙝𝙚 𝙨𝙚𝙩𝙩𝙡𝙚𝙢𝙚𝙣𝙩 𝙩𝙤 𝙚𝙭𝙩𝙧𝙖𝙘𝙩 𝙫𝙖𝙡𝙪𝙚 𝙛𝙧𝙤𝙢 𝙡𝙤𝙬𝙚𝙧 𝙘𝙡𝙖𝙨𝙨𝙚𝙨 𝙖𝙣𝙙 𝙧𝙚𝙙𝙞𝙨𝙩𝙧𝙞𝙗𝙪𝙩𝙚 𝙞𝙩 𝙩𝙤 𝙥𝙧𝙞𝙤𝙧𝙞𝙩𝙮 𝙘𝙧𝙚𝙙𝙞𝙩𝙤𝙧𝙨, 𝙫𝙞𝙤𝙡𝙖𝙩𝙞𝙣𝙜 𝙩𝙝𝙚 𝙖𝙗𝙨𝙤𝙡𝙪𝙩𝙚 𝙥𝙧𝙞𝙤𝙧𝙞𝙩𝙮 𝙧𝙪𝙡𝙚.
- 𝙁𝙤𝙧𝙢𝙚𝙧 𝘾𝙤-𝘾𝙝𝙞𝙚𝙛 𝙤𝙛 𝙩𝙝𝙚 𝘼𝙩𝙩𝙤𝙧𝙣𝙚𝙮 𝙂𝙚𝙣𝙚𝙧𝙖𝙡'𝙨 𝙊𝙛𝙛𝙞𝙘𝙚, 𝙅𝙖𝙨𝙤𝙣 𝘽𝙧𝙤𝙬𝙣, 𝙨𝙪𝙥𝙥𝙤𝙧𝙩𝙨 𝘿𝘾𝙂'𝙨 𝙤𝙥𝙥𝙤𝙨𝙞𝙩𝙞𝙤𝙣, 𝙨𝙪𝙜𝙜𝙚𝙨𝙩𝙞𝙣𝙜 𝙩𝙝𝙖𝙩 𝙩𝙝𝙚 𝙨𝙚𝙩𝙩𝙡𝙚𝙢𝙚𝙣𝙩 𝙙𝙚𝙩𝙖𝙞𝙡𝙨 𝙢𝙖𝙮 𝙣𝙤𝙩 𝙝𝙖𝙫𝙚 𝙗𝙚𝙚𝙣 𝙥𝙧𝙤𝙥𝙚𝙧𝙡𝙮 𝙛𝙞𝙣𝙖𝙡𝙞𝙯𝙚𝙙.
#DCG #Write2Earn #BTC
- 𝙂𝙚𝙣𝙚𝙨𝙞𝙨 𝙂𝙡𝙤𝙗𝙖𝙡 𝙝𝙖𝙙 𝙧𝙚𝙖𝙘𝙝𝙚𝙙 𝙖𝙣 𝙖𝙜𝙧𝙚𝙚𝙢𝙚𝙣𝙩 𝙚𝙖𝙧𝙡𝙞𝙚𝙧 𝙩𝙝𝙞𝙨 𝙢𝙤𝙣𝙩𝙝 𝙩𝙤 𝙨𝙚𝙩𝙩𝙡𝙚 𝙖𝙡𝙡𝙚𝙜𝙖𝙩𝙞𝙤𝙣𝙨 𝙤𝙛 𝙙𝙚𝙛𝙧𝙖𝙪𝙙𝙞𝙣𝙜 𝙞𝙣𝙫𝙚𝙨𝙩𝙤𝙧𝙨, 𝙗𝙪𝙩 𝘿𝘾𝙂 𝙗𝙚𝙡𝙞𝙚𝙫𝙚𝙨 𝙩𝙝𝙞𝙨 𝙞𝙨 𝙣𝙤𝙩 𝙖𝙣 𝙖𝙥𝙥𝙧𝙤𝙥𝙧𝙞𝙖𝙩𝙚 𝙨𝙤𝙡𝙪𝙩𝙞𝙤𝙣.
- 𝘿𝘾𝙂 𝙛𝙞𝙡𝙚𝙙 𝙖𝙣 𝙤𝙗𝙟𝙚𝙘𝙩𝙞𝙤𝙣, 𝙨𝙩𝙖𝙩𝙞𝙣𝙜 𝙩𝙝𝙖𝙩 𝙂𝙚𝙣𝙚𝙨𝙞𝙨 𝙨𝙝𝙤𝙪𝙡𝙙 𝙣𝙤𝙩 𝙪𝙨𝙚 𝙩𝙝𝙚 𝙨𝙚𝙩𝙩𝙡𝙚𝙢𝙚𝙣𝙩 𝙩𝙤 𝙚𝙭𝙩𝙧𝙖𝙘𝙩 𝙫𝙖𝙡𝙪𝙚 𝙛𝙧𝙤𝙢 𝙡𝙤𝙬𝙚𝙧 𝙘𝙡𝙖𝙨𝙨𝙚𝙨 𝙖𝙣𝙙 𝙧𝙚𝙙𝙞𝙨𝙩𝙧𝙞𝙗𝙪𝙩𝙚 𝙞𝙩 𝙩𝙤 𝙥𝙧𝙞𝙤𝙧𝙞𝙩𝙮 𝙘𝙧𝙚𝙙𝙞𝙩𝙤𝙧𝙨, 𝙫𝙞𝙤𝙡𝙖𝙩𝙞𝙣𝙜 𝙩𝙝𝙚 𝙖𝙗𝙨𝙤𝙡𝙪𝙩𝙚 𝙥𝙧𝙞𝙤𝙧𝙞𝙩𝙮 𝙧𝙪𝙡𝙚.
- 𝙁𝙤𝙧𝙢𝙚𝙧 𝘾𝙤-𝘾𝙝𝙞𝙚𝙛 𝙤𝙛 𝙩𝙝𝙚 𝘼𝙩𝙩𝙤𝙧𝙣𝙚𝙮 𝙂𝙚𝙣𝙚𝙧𝙖𝙡'𝙨 𝙊𝙛𝙛𝙞𝙘𝙚, 𝙅𝙖𝙨𝙤𝙣 𝘽𝙧𝙤𝙬𝙣, 𝙨𝙪𝙥𝙥𝙤𝙧𝙩𝙨 𝘿𝘾𝙂'𝙨 𝙤𝙥𝙥𝙤𝙨𝙞𝙩𝙞𝙤𝙣, 𝙨𝙪𝙜𝙜𝙚𝙨𝙩𝙞𝙣𝙜 𝙩𝙝𝙖𝙩 𝙩𝙝𝙚 𝙨𝙚𝙩𝙩𝙡𝙚𝙢𝙚𝙣𝙩 𝙙𝙚𝙩𝙖𝙞𝙡𝙨 𝙢𝙖𝙮 𝙣𝙤𝙩 𝙝𝙖𝙫𝙚 𝙗𝙚𝙚𝙣 𝙥𝙧𝙤𝙥𝙚𝙧𝙡𝙮 𝙛𝙞𝙣𝙖𝙡𝙞𝙯𝙚𝙙.
#DCG #Write2Earn #BTC
#Gemini threatens a lawsuit against DCG and founder Barry Silbert if they fail to accept the offer by July 6.
Gemini Earn users are still in limbo with over $1.2 billion trapped in Genesis, #Winklevoss says.
Cameron Winklevoss, co-founder of crypto exchange Gemini, issued a “final offer” to Barry Silbert, founder of Digital Currency Group (DCG), to repay a total debt of $1.46 billion or risk a lawsuit.
In an open letter published Monday on #Twitter, Winklevoss said that the “games are over” — with Gemini Earn users still stuck in limbo with over $1.2 billion of assets stuck in Genesis Global, which #DCG owns.
Winklevoss demanded DCG make payments totaling $1.465 billion, including the US$630 million payment that was due in May. As part of the offer, a payment of $275 million should be made by July 21.
Gemini Earn users are still in limbo with over $1.2 billion trapped in Genesis, #Winklevoss says.
Cameron Winklevoss, co-founder of crypto exchange Gemini, issued a “final offer” to Barry Silbert, founder of Digital Currency Group (DCG), to repay a total debt of $1.46 billion or risk a lawsuit.
In an open letter published Monday on #Twitter, Winklevoss said that the “games are over” — with Gemini Earn users still stuck in limbo with over $1.2 billion of assets stuck in Genesis Global, which #DCG owns.
Winklevoss demanded DCG make payments totaling $1.465 billion, including the US$630 million payment that was due in May. As part of the offer, a payment of $275 million should be made by July 21.
#DCG Nears Settlement with #Genesis Creditors: Reports $216M Q2 Revenue with New CFO
#Blockchain #DCG #GENESIS
#Blockchain #DCG #GENESIS
💼📝 Digital Currency Group (DCG) nears a principle agreement regarding its Genesis Capital Chapter 11 bankruptcy claim, as per CoinDesk. Genesis had filed for Chapter 11 bankruptcy in January 🏛️💰
#DCG #GenesisCapital #CryptoNews 📉🤝
#DCG #GenesisCapital #CryptoNews 📉🤝
Crypto Surges Amidst Gold Spike and Equities Dip👀
Crypto prices outperformed on the day, benefitting more from the jump in gold prices than the sell off in equities. On the regulation side, NY Attorney General filed new lawsuits against Gemini Trust and DCG for allegedly defrauding customers to the tune of $1.1bln, focusing on Gemini Earn. Two steps forward, one step back for these beleaguered firms as they battle their way out of a multi-year legislative quagmire.
#GoldPrices #Equities #DCG #BTC #Ethereum
Crypto prices outperformed on the day, benefitting more from the jump in gold prices than the sell off in equities. On the regulation side, NY Attorney General filed new lawsuits against Gemini Trust and DCG for allegedly defrauding customers to the tune of $1.1bln, focusing on Gemini Earn. Two steps forward, one step back for these beleaguered firms as they battle their way out of a multi-year legislative quagmire.
#GoldPrices #Equities #DCG #BTC #Ethereum
Офис генерального прокурора Нью-Йорка предъявил обвинения Gemini Trust, Genesis Global и DCG в обмане 230 000 инвесторов на сумму более $1 млрд.
Иск также содержит обвинения против бывшего генерального директора Genesis и основателя DCG Барри Силберта в попытке скрыть финансовое состояние компании.
#Gemini #DCG #Genesis
Иск также содержит обвинения против бывшего генерального директора Genesis и основателя DCG Барри Силберта в попытке скрыть финансовое состояние компании.
#Gemini #DCG #Genesis
#DCG misses a 630 Million USD payment for a US Exchange
https://www.coindesk.com/business/2023/05/22/gemini-says-genesis-parent-dcg-missed-630-million-payment/
#crypto #cryptocurrency
https://www.coindesk.com/business/2023/05/22/gemini-says-genesis-parent-dcg-missed-630-million-payment/
#crypto #cryptocurrency
⚡️ Crypto exchange Bullish acquires 100% of CoinDesk from Digital Currency Group
Cryptocurrency exchange Bullish has purchased 100% of CoinDesk from crypto-focused investor Digital Currency Group (DCG) in an all-cash deal. After the deal, CoinDesk will operate as an independent subsidiary of Bullish. Last week, Foresight Ventures bought a majority stake in The Block for a ~$60M deal.
#Coindesk #bulllish #DCG #Media #TheBlock
Cryptocurrency exchange Bullish has purchased 100% of CoinDesk from crypto-focused investor Digital Currency Group (DCG) in an all-cash deal. After the deal, CoinDesk will operate as an independent subsidiary of Bullish. Last week, Foresight Ventures bought a majority stake in The Block for a ~$60M deal.
#Coindesk #bulllish #DCG #Media #TheBlock
