Bitcoin News / Google News Bitcoin - 1 year ago
Without Genesis, the Future of Barry Silbert's DCG Hinges on a ... - The Information
Without Genesis, the Future of Barry Silbert's DCG Hinges on a ...& & The Information
Bitcoin News / Google News Bitcoin - 1 year ago
Without Genesis, the Future of Barry Silbert's DCG Hinges on a ...& & The Information
Cryptocoins News / The Cointelegraph - 1 year ago
The purported sales are the latest measures the embattled firm has taken following moves in recent months to raise capital and preserve liquidity. Cryptocurrency congl...
Bitcoin News / Google News Bitcoin - 1 year ago
First Mover Asia: Bitcoin Flirts With $23.4K as Jerome Powell Repeats Comment About Waning Inflation; Market Weighs DCG-Genesis Deal With Creditors& & CoinDesk
Cryptocoins News / Finance Magnates - 1 year ago
<p>Bitvavo, an Amsterdam-based <a href="https://www.financemagnates.com/terms/c/cryptocurrency-exchange/" class="terms__main-term" id="601e2e5f-0c28-4253-9ad4-5e6b251ba2fa" target="_blank">cryptocur...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: DCG has started selling assets held by Grayscale, the Financial Times reported.Recent SEC filings show that most of its holdings sales have come from the company’s Ethereum fund.The group hopes to raise cash to meet more than $3 billion...
Cryptocoins News / CoinJournal - 1 year ago
Key Takeaways DCG own the Grayscale Bitcoin Trust, which has been trading at a sizeable discount following concern around the reserves held DCG has begun selling off crypto assets at distressed prices following bankruptcy of Genesis Market seems to...
Cryptocoins News / Finance Magnates - 1 year ago
<p>Digital Currency Group (DCG), a crypto conglomerate, is selling holdings in several investment vehicles run by its subsidiary Grayscale at a steep discount to raise capital for its <a href="https://www.financemagnates.com/cryptocurre...
Bitcoin News / Google News Bitcoin - 1 year ago
Will Bitcoin, Ethereum Crash? DCG Sells Grayscale Shares& & Bitcoinist
Bitcoin News / Bitcoinist - 1 year ago
After a long back-and-forth, the Genesis and DCG drama appears to be coming to a relatively smooth end after Genesis reached an agreement with DCG and other creditors yesterday – but a price crash could be looming as DCG is forced to sell share...
Cryptocoins News / EthereumWorldNews - 1 year ago
The Digital Currency Group (DCG) and Genesis have reached an in-principle agreement with the conglomerate’s main creditors.& The deal involves the sale of bankrupt Genesis entities and winding down its loan book.& DCG’s controversial $1.1 bi...
Bitcoin News / Bitcoinist - 1 year ago
Per a report from CoinDesk, crypto lending firm Genesis and its parent company Digital Currency Group (DCG) are moving forward with the former’s bankruptcy process. The companies reached a “principle agreement” to restructure the lending firm. The...
More / Bitcoin Reddit - 1 year ago
submitted by /u/Fiach_Dubh [link] [comments]
Cryptocoins News / The Cointelegraph - 1 year ago
Cryptocurrency exchange Luno fired 330 employees on Jan. 25, joining other DCG companies in cutting headcounts. Hundreds of people have lost their jobs at companies o...
Cryptocoins News / Blockchain - 1 year ago
Genesis Capital, a DCG subsidiary, faces a class action lawsuit. Digital asset lending clients filed the complaint. Genesis violated securities laws by providing unregistered securities. (Read More)
by COINS NEWS - 1 year ago
submitted by /u/Fritz1818 [link] [comments]
Cryptocoins News / The Cointelegraph - 1 year ago
Amid Genesis going through its first bankruptcy hearings, a group of creditors have slapped the firm with a new class action lawsuit. Troubled cryptocurrency company D...
Cryptocoins News / Blockchain - 1 year ago
CoinDesk may sell. Digital Currency Group (DCG), its parent firm, looks to be struggling financially. DCG has received many bids over $200 million for the media group in recent months. (Read More)
Cryptocoins News / The Cointelegraph - 1 year ago
A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection. In a Jan. 20 statement, Genesis Capital’s parent com...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Genesis filed for bankruptcy protection late on Thursday revealing $3.6 billion owed to the top 50 creditors.Top unsecured claimants included Gemini, Babel Finance, VanEck, and Cumberland among others.Gemini President Cameron Winklevoss...
by COINS NEWS - 1 year ago
submitted by /u/Tatakae69 [link] [comments]
by COINS NEWS - 1 year ago
submitted by /u/fadufadu [link] [comments]
Cryptocoins News / The Cointelegraph - 1 year ago
DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500,000 would be a 39,900% return on its initial investment....
by COINS NEWS - 1 year ago
submitted by /u/Bitcoin_Maximalist [link] [comments]
Bitcoin News / Bitcoin.com - 1 year ago
Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1 billion,...
Bitcoin News / Bitcoinist - 1 year ago
Digital Currency Group (DCG), the parent firm of struggling cryptocurrency lender Genesis, is liquidating some of its holdings. Tron founder and Chinese crypto entrepreneur Justin Sun is prepared to invest $1 billion to acquire the network. In a rece...