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Cameron Winklevoss: ‘There is no path forward as long as Barry Silbert remains CEO of DCG’

Recursive trades between the Grayscale trust and the Three Arrows Capital hedge fund allegedly inflated assets and fees, according to an open letter from the Gemini president.

Continue ReadingCameron Winklevoss: ‘There is no path forward as long as Barry Silbert remains CEO of DCG’

Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis

Following accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal prosecutors…

Continue ReadingReport: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis

Gemini’s Cameron Winklevoss Insists Digital Currency Group Needs to Resolve Liquidity Issues in Open Letter to CEO Barry Silbert

Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47…

Continue ReadingGemini’s Cameron Winklevoss Insists Digital Currency Group Needs to Resolve Liquidity Issues in Open Letter to CEO Barry Silbert

Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens

Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale’s Bitcoin Trust (GBTC). The company states that it is “uniquely qualified” for the…

Continue ReadingValkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens

Report: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets

According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting…

Continue ReadingReport: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets

Report: State Securities Regulators Probe Crypto Lender Genesis

State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that the Alabama…

Continue ReadingReport: State Securities Regulators Probe Crypto Lender Genesis

DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North

Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on…

Continue ReadingDCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North