Bitcoin News / Bitcoin.com - 1 month ago
Digital Currency Group (DCG) has submitted a request to the court to drop the legal action taken against it by New York Attorney General Letitia James. DCG argues that it’s “wrongfully” depicted and maintains that the lawsuit is nothing but a “...
Cryptocoins News / Finance Magnates - 2 months ago
The New York Attorney General Letitia James has expanded her legal pursuit against Digital Currency Group (DCG), its CEO, Barry Silbert, and Genesis Global Capital. The amended complaint, following the initial lawsuit filed last year, exposes an addi...
Cryptocoins News / Blockchain - 2 months ago
DCG opposes Genesis Global Capital's bankruptcy plan, citing legal violations and ethical concerns over asset valuation and creditor compensation in the volatile crypto market. (Read More)
Bitcoin News / Bitcoinist - 2 months ago
In a recent development, Digital Currency Group (DCG), the parent company of bankrupt crypto lender Genesis Capital, has objected to Genesis’ bankruptcy plan, arguing that it violates the Bankruptcy Code. DCG’s objection centers around G...
Bitcoin News / Bitcoinist - 3 months ago
Venture capital firm Digital Currency Group (DCG) has completed a $700 million payment to its subsidiary company Genesis Global Capital (GGC) as a settlement of its short-term loans from the now-bankrupt crypto lending platform. This development come...
Cryptocoins News / Blockchain - 3 months ago
Digital Currency Group paid up all short-term loans to Genesis, a previous bitcoin lending platform, as promised. DCG repaid $700 million in 2023 despite crypto sector woes. Genesis filed for bankruptcy in early 2023 after a withdrawal halt due to ob...
Cryptocoins News / CoinJournal - 3 months ago
Digital Currency Group (DCG) settles Genesis debt. Besides settling Genesis’s debt, DCG has repaid a total of $1B to its creditors. Memeinator’s MMTR token presale has raised $3.2M in its eleventh stage. Digital Currency Group (DCG) has...
Bitcoin News / Bitcoinist - 4 months ago
The insolvent cryptocurrency lender, Genesis, has reached an agreement with Digital Currency Group (DCG), its parent firm, to settle their $620 million lawsuit. A court document dated November 28 states that DCG settled part of the issue by pledging...
by COINS NEWS - 4 months ago
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Cryptocoins News / The Cointelegraph - 4 months ago
Digital Currency Group has over $320 million left to repay, according to Genesis, and the deal would see that remaining sum repaid by April 2024. Bankrupt crypto lende...
Bitcoin News / Bitcoinist - 5 months ago
The aftermath of FTX’s collapse sent ripples across the crypto industry, and the fallout is still being felt almost a year after the exchange’s failure. FTX co-founder and former CEO Sam Bankman-Fried has recently been found guilty and is...
by COINS NEWS - 5 months ago
To understand first we need a short primer of how Grayscale Bitcoin Trust (GBTC) works. You have two ways to investing GBTC. You can do so through a regular brokerage account equivalent to trading stocks. But you can also acquire GBTC shares by...
Bitcoin News / Bitcoinist - 5 months ago
Digital Currency Group (DCG) recently unveiled its third-quarter revenue, revealing a 23% climb. This uptick starkly contrasts the tumultuous market fluctuations observed in 2022. According to the report, the crypto industry’s recent resurgence...
Bitcoin News / Google News Bitcoin - 6 months ago
Gemini, DCG, Genesis Sued by New York Attorney General& & CoinDesk
Bitcoin News / Bitcoinist - 6 months ago
The New York Attorney General, Letitia James, has set her sights on three major players in the crypto space, alleging investor fraud. Genesis Global, its parent company, Digital Currency Group (DCG), and the renowned crypto platform Gemini find thems...
Bitcoin News / Bitcoin.com - 6 months ago
New York Attorney General Letitia James filed a lawsuit against crypto companies Gemini Trust Company, Genesis Global Capital, and its parent company Digital Currency Group (DCG) for allegedly defrauding over 230,000 investors out of more than $1 bil...
Cryptocoins News / The Cointelegraph - 6 months ago
A filing from New York Attorney General Letitia James alleges that the cryptocurrency companies defrauded investors of over $1 billion. New York’s attorney general has...
Cryptocoins News / Finance Magnates - 6 months ago
The New York Attorney General Letitia James has initiated a lawsuit against Gemini Trust Company, Genesis Global Capital, LLC, and Digital Currency Group, Inc. (DCG), alleging a fraudulent scheme that cost over 230,000 investors more than $1 billion....
by COINS NEWS - 6 months ago
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Cryptocoins News / The Cointelegraph - 7 months ago
Lawyers representing Gemini Trust filed a response in bankruptcy court to Digital Currency Group’s plan claiming to offer unsecured creditors a “70–90% recovery." Lawy...
by COINS NEWS - 7 months ago
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Cryptocoins News / The Cointelegraph - 7 months ago
DCG suggests a new deal in Genesis bankruptcy, offering unsecured creditors 70%–90% baseline recovery; if approved, it would involve the renegotiation of a $630-million loan between Genes...
Bitcoin News / Bitcoinist - 7 months ago
Cameron Winklevoss, co-founder of the crypto trading platform Gemini Trust Co, has been interviewed by agents from the Federal Bureau of Investigation (FBI), staff from the Securities and Exchange Commission (SEC), and New York City prosecutors in re...
Bitcoin News / Bitcoinist - 7 months ago
Genesis Global Capital, the cryptocurrency lending unit that filed for Chapter 11 bankruptcy protection earlier this year, has taken legal action against its parent company, Digital Currency Group (DCG). The lawsuit comes as both parties grapple with...
Cryptocoins News / The Cointelegraph - 7 months ago
DCG borrowed $500,000 from its subsidiary last year, and DCG Investments borrowed over 18,000 BTC. Both have allegedly defaulted. Bankrupt cryptocurrency lender Genes...
