DCG
Gemini Terminates Its Crypto Yield Product, Amping Up Battle With Genesis
The move, which Gemini says requires Genesis to return all locked-up assets, sunsets the exchange's nearly two-year-old Gemini Earn program.
Grayscale Bitcoin Trust Discount Narrows to 8-Week Low as DCG Faces Pressure
Digital Currency Group, Grayscale's parent company, has come under increasing pressure to address a discount that had widened to nearly 50% towards the close of 2022.
Bitcoin Holds Above $17K Despite DCG Uncertainty
Bitcoin (BTC) is trading above $17,000 as investors are watching the uncertainty unfold with DCG and Genesis Trading. IDX Digital Assets CIO Ben McMillan provides his markets analysis, saying, "this is a very thinly traded market so it doesn't take a lot to move the price up."
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.
Gemini's Cameron Winklevoss Calls for Barry Silbert's Ouster From Crypto Conglomerate DCG
Winklevoss, on behalf of Gemini, called for Silbert's removal for his involvement in the disagreement between Genesis and its creditors.
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.
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.
Crypto Conglomerate DCG Closes Wealth-Management Business
The division reportedly had more than $3.5 billion in assets.
More Time Is Needed To Sort Out Finances, Genesis’ CEO Tells Clients
"The Hash" panel discusses the latest developments for Genesis Global Trading, as its interim CEO told clients it needs more time to sort out its tricky financial position. This comes as Gemini co-founder Cameron Winklevoss blasted DCG CEO Barry Silbert for "bad faith stall tactics." Genesis and CoinDesk share the same parent company, Digital Currency Group (DCG).
Crypto Broker Genesis' CEO Tells Clients It Needs More Time to Sort Out Finances
Genesis halted withdrawals in November in aftermath of FTX's collapse.
