Tag Archives: DCG

Season Of Reckoning: Bitcoin Author Exposes DCG Fraud Bigger Than FTX Embezzlement read full article at worldnews365.me

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 awaiting sentencing.  Meanwhile, according to Bitcoin author Vijay Boyapati, a much …

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Crypto Giants Gemini, Genesis, and DCG Hit with Billion-Dollar Lawsuit by NY Attorney read full article at worldnews365.me

New York Attorney General Letitia James has taken decisive action against major players in the cryptocurrency industry, filing a lawsuit against Gemini Trust, Genesis Global Capital, and Digital Currency Group (DCG). The legal action centers around Gemini Earn, a joint effort between Genesis and Gemini that offered investors significant returns …

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Genesis Creditors to Receive 90% in Funds amidst Agreement with DCG read full article at worldnews365.me

In addition to the partial repayment agreement, DCG has also committed to paying an additional $275 million, disbursed in four installments after the date of the initial partial repayment.  In a welcome development that has sent ripples through the crypto space, creditors of the defunct Genesis platform are set to …

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Digital Currency Group (DCG) Files Motion to Dismiss Lawsuit by Gemini read full article at worldnews365.me

The DCG filing notes that Silbert and the company “played an insignificant role in the Gemini Earn program”, and Gemini’s allegations of fraudulent behavior don’t hold merit. Venture capital giant Digital Currency Group (DCG) has recently filed a motion for dismissing a lawsuit from crypto exchange Gemini, alleging fraud to …

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Gemini Says Genesis Parent DCG Defaulted on $630M Payment, Updates Contingency Plan read full article at worldnews365.me

Gemini seeks to exact its owed payment sum from Genesis parent DCG and is working with several creditors on a forbearance plan. Gemini Trust Company LLC recently said that Genesis parent DCG missed a $630 million loan payment last week. This development is the latest occurrence in the ongoing dispute …

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Will Bitcoin, Ethereum Crash? DCG Sells Grayscale Shares read full article at worldnews365.me

After an extended back-and-forth, the Genesis and DCG drama seems to be coming to a comparatively clean finish after Genesis reached an settlement with DCG and different collectors yesterday – however a worth crash could possibly be looming as DCG is pressured to promote shares in its Grayscale Bitcoin (GBTC) …

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Who is Barry Silbert, the head of Genesis-owner DCG? read full article at worldnews365.me

As an investment banker, Barry Silbert worked on some of the highest-profile corporate failures. Now, as founder of venture capital firm Digital Currency Group, parent of troubled crypto firm Genesis, he is grappling with problems closer to home. Silbert, 46, cut his teeth on bankruptcies including Enron’s and WorldCom’s when …

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Potential Paths Forward For GBTC – Bitcoin Magazine read full article at worldnews365.me

The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Although it feels like a lifetime ago, only two months have …

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DCG crisis likely won’t ‘include a lot of selling’ — Novogratz read full article at worldnews365.me

Galaxy Digital Holdings CEO Mike Novogratz hosed down fears over the crisis facing Digital Currency Group (DCG) and Genesis saying while it’s “not good news,” it won’t “include a lot of selling.” In a Jan. 10 interview on CNBC’s Squawk Box Novogratz said he expects the current debacle facing DCG …

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US Authorities Investigating Financial Transactions between DCG and Genesis read full article at worldnews365.me

The crypto winter has uncovered the frailty within the enterprise fashions of many firms in Web3, and the implosion of the FTX Derivatives Alternate again in November additional aggravated the monetary inconsistencies in Genesis and DCG as a complete. United States (US) authorities together with the Securities and Alternate Fee …

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Crypto Conglomerate DCG Under Investigation By U.S Authorities. read full article at worldnews365.me

Digital Foreign money Group, higher generally known as DCG, is at the moment beneath investigation by U.S. authorities.  In keeping with a report by Bloomberg, U.S. prosecutors in New York – particularly, the town of  Brooklyn  – are assessing the interior transfers between the multibillion-dollar crypto conglomerate and its crypto …

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DCG Closes Subsidiary HQ, Fueling Fears In Bitcoin Market read full article at worldnews365.me

Digital Forex Group (DCG), the crypto conglomerate that owns lender Genesis Buying and selling and asset supervisor Grayscale, amongst others, immediately made public that it has closed its asset administration division referred to as HQ Digital, fueling new fears throughout the bitcoin and crypto trade, provided that the corporate managed …

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