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Cameron Winklevoss, the co-founder and president of cryptocurrency exchange Gemini, has given Barry Silbert, the founder and CEO of embattled crypto empire Digital Currency Group (the parent company of bankrupt…
A judge ruled that FTX cannot join confidential mediation sessions between bankrupt crypto lender Genesis Global Holdco and its parent company Digital Currency Group (DCG). The ruling days after Genesis…
The FTX debtors alleged that the claim was filed "without any advance notice," and they were not invited to participate in the mediation.
Digital Currency Group – the cryptocurrency firm founded and spearheaded by Barry Silber, announced today that it will be shutting down its trade execution and prime brokerage unit – TradeBlock.…
The Digital Currency Group (DCG) has been dealing with financial turmoil for several months now. Mostly, its financial issues are due to the liquidity crisis that one of its owned…
The settlement plan proposed in February would give Genesis creditors 80% recovery of funds but many raised demands, leading to the mediation.
Under the initial settlement plan, Genesis creditors were expected to receive 80% recovery of funds lost due to the bankruptcy.
The London-based cryptocurrency platform – Luno – announced that its long-reigning CEO Marcus Swanepoel will step down from his post to become an Executive Chairman. James Lanigan, who previously served…
Negative headlines surrounding Silvergate dragged Bitcoin's price below $20,000. Meanwhile, bankrupt Alameda is planning to sue Grayscale and its parent company DCG.
The crypto conglomerate reported that falling crypto prices and the fallout from Three Arrows Capital’s loan default to Genesis affected its results.