Cryptocurrency Market

  • Market Cap: $3,598,034,510,536.88
  • 24h Vol: $469,493,959,333.67
  • BTC Dominance: 53.29%

Barry Silbert

crypto-lender-genesis-files-for-bankruptcy-following-sec-lawsuit

Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit

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 and facilitate the restructuring process.” Genesis’ Bankruptcy Filing Genesis Global Holdco LLC, a […]

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osprey-vies-for-control-of-grayscale’s-bitcoin-trust;-tron’s-justin-sun-offers-to-invest-up-to-$1b-on-dcg-assets

Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets

Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1 billion, “depending on their evaluation of the situation.” Additionally, the crypto investment manager Osprey has

Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets Read More »

gemini-co-founder-accuses-digital-currency-group-of-misrepresentation,-demands-ceo-resignation

Gemini Co-Founder Accuses Digital Currency Group of Misrepresentation, Demands CEO Resignation

Gemini CEO Cameron Winklevoss has published another open letter on Twitter, addressed to the board members of Digital Currency Group (DCG). In the letter, Winklevoss accuses DCG and CEO Barry Silbert of making poor decisions with the now-defunct crypto hedge fund Three Arrows Capital (3AC), and claims that DCG orchestrated a “campaign of lies” in

Gemini Co-Founder Accuses Digital Currency Group of Misrepresentation, Demands CEO Resignation Read More »

report:-federal-prosecutors-in-new-york-probe-digital-currency-group-and-subsidiary-genesis

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 from New York are scrutinizing transfers between Digital Currency Group and its subsidiary, Genesis Global Capital. Report Claims Digital Currency Group, Genesis Global Capital Allegedly

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gemini’s-cameron-winklevoss-insists-digital-currency-group-needs-to-resolve-liquidity-issues-in-open-letter-to-ceo-barry-silbert

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 days since withdrawals from Genesis had been halted. In the letter, Winklevoss claimed that DCG owes $1.675 billion to Genesis. Silbert, however, responded on social

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

valkyrie-reveals-intention-to-sponsor-grayscale’s-bitcoin-trust-as-gbtc-discount-to-nav-widens

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 role and plans to facilitate redemptions at net asset value (NAV) through a Regulation M filing. Valkyrie Offers to Take Over Management of Grayscale’s Bitcoin

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