Digital Currency Group

Digital Currency Group (DCG), a prominent player in the cryptocurrency industry, on Friday agreed to settle with the U.S. Securities and Exchange Commission (SEC) for misleading investors. What Happened: DCG, founded by Barry Silbert, and its former executive, Soichiro “Michael...

Cryptocurrency conglomerate Digital Currency Group (DCG) is making a big splash in the realm of decentralized artificial intelligence (AI), with a keen focus on the Bittensor (CRYPTO: TAO) ecosystem. What happened: Barry Silbert, the head of DCG and an early champion of cryptocurrencies, will...

The rise of Bitcoin exchange-traded funds (ETFs) has transformed how investors approach the cryptocurrency market. Among the leading Bitcoin ETFs, the Grayscale Bitcoin Trust (GBTC) and the iShares Bitcoin Trust (IBIT) stand out, offering distinct advantages and attracting different investor...

New York Attorney General Letitia James on Monday announced a landmark settlement on Thursday, revealing that her office has secured $2 billion from Genesis Trading for defrauding investors. What Happened: This settlement, the largest against a cryptocurrency company in New York’s history,...

Grayscale Investments on Monday announced that Michael Sonnenshein will step down as CEO, effective Aug. 15, later this year. Former Goldman Sachs (NYSE:GS) executive Peter Mintzberg will take over the role. Benzinga has reached out to Sonnenshein for a comment. Grayscale’s Chief Financial...

Digital Currency Group (DCG), the investment firm behind industry giant Grayscale, reported a strong first quarter with overall revenue climbing 11% to $229 million. What Happened: This positive performance comes despite ongoing challenges faced by Grayscale’s flagship product, the Grayscale...

Grayscale is set to introduce a new Bitcoin ETF, the Grayscale Bitcoin Mini Trust, in an innovative move aimed at revitalizing its flagship Grayscale Bitcoin Trust (OTC: GBTC) amid recent financial challenges. What Happened: The announcement came through an S-1 filing on Tuesday, revealing...

Digital Currency Group (DCG), is turning to Barry Berke, a white-collar defense lawyer for its legal defense. Berke is well-known for his role in the impeachment proceedings against former President Donald Trump. What Happened: According to a report by Decrypt on Wednesday, Berke will represent DCG...

Gemini Trust Co., a leading cryptocurrency platform, has initiated legal action against the now-insolvent crypto lender, Genesis Global Holdco LLC. The litigation revolves around the rightful ownership of Grayscale Bitcoin Trust shares, currently valued at nearly $1.6 billion, Bloomberg reported....

Bitcoin (CRYPTO: BTC) is on the verge of blossoming into a $900 billion asset should the anticipated approval of spot exchange-traded funds (ETFs) come to fruition. That's according to CoinDesk, citing data analytics firm CryptoQuant. The report also anticipates that the total crypto...

Several months before Genesis Global Holdco LLC halted deposits and eventually declared bankruptcy, cryptocurrency exchange Gemini Trust Co. reportedly withdrew a significant sum from the lender. This move was part of an initiative by Gemini, owned by the Winklevoss twins, Tyler and Cameron, to...

Digital Currency Group (DCG) is on the verge of settling claims related to the bankruptcy of Genesis, as revealed in a recent court document. The proposed settlement might enable unsecured creditors to retrieve between 70% and 90% of their claims in USD, Coindesk reported. Additionally,...

Crypto media outlet Coindesk is reportedly cutting nearly half its editorial team, a move that comes as its parent organization, Digital Currency Group, eyes the inclusion of strategic investors. In an internal announcement, as revealed by a memo obtained by The Block, the company communicated...

Cryptocurrency exchange Gemini has initiated legal proceedings against Digital Currency Group (DCG) and its CEO, Barry Silbert, accusing them of misleading creditors. Gemini, in a court document submitted on July 7 in New York, accused DCG and Silbert of partaking in a plot that involved loaning...

Brokerage firm Bernstein on Monday stated that the U.S. Securities and Exchange Commission (SEC) may find it challenging to maintain its current position on spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs), suggesting that the chances of approval are relatively high. The...