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DCG offloads Grayscale shares to raise capital: Report
8.2.2023
The purported sales are the latest measures the embattled firm has taken following moves in recent months to raise capital and preserve liquidity
First Mover Asia: Bitcoin Flirts With $23.4K as Jerome Powell Repeats Comment About Waning Inflation; Market Weighs DCG-Genesis Deal With Creditors
8.2.2023
ALSO: Stakeholders in the venture capital industry explain why embattled crypto trading firm Alameda Research will not be missed. Bitcoin and ether rise
DCG Is Selling Holdings in Grayscale: Financial Times
7.2.2023
Digital Currency Group (DCG) has started selling holdings in several investment vehicles run by its subsidiary and digital assets manager Grayscale at a steep discount
Genesis entity going up for sale as DCG makes creditor pact
7.2.2023
Digital Currency Group (DCG) plans to hand Genesis its stake in the Genesis Global Trading business entity which will then be sold, pending court approval
DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy
6.2.2023
Bankrupt Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors: Source
6.2.2023
The deal includes "an equitization of the infamous 10-year promissory note that DCG gave Genesis in return for the 3AC claims," a person familiar with the situation said
Ethereum (ETH) price is aiming for $1,800 in February — Here is why
2.2.2023
ETH price is finding support at $1,560 and multiple data points are beginning to hint at a possible rally to $1,800 before the end of February
DCG-Owned Crypto Exchange Luno Just Laid-Off 35% of Its Workforce – Here’s Why
26.1.2023
Cryptocurrency exchange Luno, which is owned by crypto conglomerate Digital Currency Group, has slashed 35% of its global workforce.
The company, which has offices in Africa, Southeast Asia, and Europe, reportedly informed employees during a live-streamed town hall on Wednesday.
“2022 has been...
DCG companies laid off over 500 employees as contagion spreads
25.1.2023
Cryptocurrency exchange Luno fired 330 employees on Jan. 25, joining other DCG companies in cutting headcount
Today in Crypto: Genesis Creditors Sue DCG and Barry Silbert, Binance Kept Some Collateral in Same Wallet as Customer Funds, Binance Processed $346M for Bitzlato
24.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Genesis Creditors Sue DCG and Barry Silbert, Binance Kept Some Collateral in Same Wallet as Customer...
Genesis creditors file securities lawsuit against Barry Silbert and DCG
24.1.2023
Amid Genesis going through its first bankruptcy hearings, a group of creditors have slapped the firm with a new class action lawsuit
Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May
24.1.2023
A lawyer for Genesis is optimistic it can resolve creditor disputes before the week is out while the firm could exit bankruptcy proceedings in four months
SEC's 'one-dimensional' approach is slowing Bitcoin progress: Grayscale CEO
24.1.2023
Grayscale’s chief was the latest to take a swing at the authority for its so-called “regulation by enforcement” actions
Cathie Wood: Ark dumps 500K GBTC shares, adds Coinbase stock as Bitcoin recovers 40%
23.1.2023
Ark's GBTC weight in the portfolio actually increased despite the fund selling 500,000 shares in the past month
Genesis' bankruptcy filing was decided by independent committee according to DCG
20.1.2023
A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection
Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit
20.1.2023
Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Genesis claims to have “ample liquidity to support its ongoing business operations...
Genesis Files for Bankruptcy as it Seeks Protection From its Creditors – Which DCG Unit is Next to Fail?
20.1.2023
After months of struggling, crypto lending and trading firm Genesis has filed for bankruptcy - but it's not the end of its troubles.
Genesis, a unit of the Digital Currency Group (DCG), said in a press release that Genesis Global Holdco, LLC and two of its lending business subsidiaries, Genesis...
Cameron Winklevoss Threatens Legal Action Against DCG CEO After Genesis Bankruptcy
20.1.2023
The Gemini CEO has been involved in a weeks-long public spat with DCG over the repayment of a $900 million loan
Top Crypto Media Site CoinDesk Puts Itself Up For Sale - Is This A Sign of How Deep DCG’s Liquidity Problems Are?
19.1.2023
Crypto news website CoinDesk has tapped advisors at Lazard, a leading financial advisory and asset management firm, to explore a full or partial sale of its business. The move comes as CoinDesk's sister company Genesis has been hit with a liquidity crunch following the collapse of FTX....
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CoinDesk could be up for grabs as parent company DCG scrambles for funds
19.1.2023
DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500 thousand would be a 39,900% return on its initial investment