Genesis

Genesis

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DCG's Barry Silbert Discusses Genesis in Letter to Shareholders

Barry Silbert, the head of crypto conglomerate Digital Currency Group (DCG), gave his shareholders more details about his company's Genesis Capital lending division that was forced to halt customer withdrawals in the aftermath of FTX's November collapse. CoinDesk and Genesis are both owned by parent company DCG. Hodder Law Firm Managing Partner Sasha Hodder weighs in on the latest developments.

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DCG Responds to Cameron Winklevoss Calling for Barry Silbert’s Removal

Digital Currency Group is responding to the open letter Gemini co-founder Cameron Winklevoss issued, stating in part on Twitter that this "is another desperate and unconstructive publicity stunt." Winklevoss asked the DCG board to remove Silbert, citing DCG's inability to find a fair resolution with creditors of DCG's Genesis unit. DCG is the parent company of CoinDesk.

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Barry Silbert, da DCG, fala sobre Genesis em carta aos acionistas

O cofundador da exchange de Cripto Gemini, Cameron Winklevoss, pediu na terça-feira que o conselho do DCG removesse Silbert do cargo de CEO.

Barry Silbert. CEO y fundador de Digital Currency Group.

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Gemini encerra seu produto de rendimento de Cripto , intensificando a batalha com Genesis

A medida, que segundo a Gemini exige que a Genesis devolva todos os ativos bloqueados, encerra o programa Gemini Earn da bolsa, de quase dois anos de existência.

Tyler Winklevoss y Cameron Winklevoss, cofundadores de Gemini. (Joe Raedle/Getty Images)

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DCG Reportedly Probed For Genesis Transfers

Barry Silbert’s Digital Currency Group (DCG) is reportedly being investigated by the U.S. Department of Justice’s (DOJ) Eastern District of New York and the U.S. Securities and Exchange Commission (SEC), according to Bloomberg. The entities are examining financial transfers between DCG and its Genesis unit. DCG is the parent company of CoinDesk. Pacific Street Managing Director Gareth Rhodes shares his analysis.

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DCG Concerns Linger Amid Crypto Winter

Digital Currency Group (DCG) faces an investigation by the U.S. Department of Justice and SEC on the transfer of funds between DCG and its Genesis unit, according to a report from Bloomberg. DCG is the parent company of CoinDesk. Pacific Street Managing Director Gareth Rhodes weighs in. Plus, he discusses his opinion piece titled, "The Impact of Avraham Eisenberg’s Case on the Future of Crypto," focusing on whether "white hat" hacking could benefit DeFi protocols.

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Cameron Winklevoss, da Gemini, pede a saída de Barry Silbert do conglomerado de Cripto DCG

Winklevoss, em nome da Gemini, pediu a remoção de Silbert por seu envolvimento no desentendimento entre a Genesis e seus credores.

Tyler y Cameron Winklevoss, de Gemini, en el evento TechCrunch Disrupt NY 2015. (TechCrunch/Wikimedia)

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DOJ, SEC Reportedly Probe Crypto Conglomerate DCG; Jefferies Downgrades Marathon Digital

Officials with the U.S. Department of Justice's Eastern District of New York and the SEC are examining transfers between Digital Currency Group (DCG) and the conglomerate's Genesis subsidiary, according to Bloomberg. DCG is the parent company of CoinDesk. Plus, Jefferies downgraded its rating for bitcoin miner Marathon Digital Holdings (MARA) from "buy" to "hold" due to construction delays.

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US Authorities Examining Transfers Between DCG, Genesis: Bloomberg

Officials with the U.S. Department of Justice's Eastern District of New York (EDNY) and the U.S. Securities and Exchange Commission are examining transfers between Digital Currency Group (DCG) and the conglomerate's Genesis subsidiary, according to a report from Bloomberg. Bernstein's Managing Director of Global Digital Assets, Gautam Chhugani, discusses the latest developments. DCG is the parent company of CoinDesk.

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Conglomerado de Cripto DCG está sendo investigado pelo DOJ e SEC: Relatório

As investigações, que parecem estar em estágio inicial, estão focadas em transferências financeiras entre a DCG e sua unidade Genesis, de acordo com a reportagem da Bloomberg.

DCG founder and CEO Barry Silbert (CoinDesk archives)