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Digital Currency Group Searches For A Lifeline As SVB And Crypto-Friendly Banks Collapse
Tuesday, March 14, 2023 - 12:07pm | 436Prominent crypto conglomerate Digital Currency Group (DCG) is seeking to secure new banking partners for its portfolio companies in the aftermath of the recent collapses of Silicon Valley Bank (NASDAQ: SIVB), Signature Bank, and Silvergate Capital Corp (NYSE: SI). Coindesk reported that...
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Cameron Winklevoss Says 'No Path Forward' While Barry Silbert Remains Digital Currency Group's CEO
Wednesday, January 11, 2023 - 6:42am | 958Cameron Winklevoss, co-founder and president of crypto exchange Gemini (CRYPTO: GUSD) and Winklevoss Capital, posted an open letter to cryptocurrency fund Digital Currency Group, or DCG. What Happened: The intent of the missive, to DCG and all of Twitter, was to expose what Winklevoss deems...
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Digital Currency Group Under Scrutiny For Internal Transfers, SEC Investigates
Monday, January 9, 2023 - 12:15pm | 340Federal prosecutors in New York, along with the U.S. Securities and Exchange Commission, are investigating Digital Currency Group (DCG) for possible wrongdoing involving internal transfers at its lending subsidiary, Genesis. DCG has reportedly received requests for documents and interviews by...
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Grayscale Struggles With Dwindling Investor Interest In Ethereum, Bitcoin Trusts
Tuesday, January 3, 2023 - 1:49pm | 353The Grayscale Ethereum Trust (ETHE) has reached a record discount of 59.39% compared to the price of Ethereum (CRYPTO: ETH), according to data from YCharts. While the fund previously traded at a premium to ETH, it has consistently been at a discount since November 2021. ETHE, which is managed by...
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Crypto Entrepreneur Cameron Winklevoss Calls Out Barry Silbert For Alleged Delay Tactics In Resolving $900M Debt Dispute
Monday, January 2, 2023 - 5:10pm | 396Cryptocurrency entrepreneur Cameron Winklevoss has accused Barry Silbert, another businessman, of using "bad faith stall tactics" in an attempt to resolve a dispute between their two companies that arose from the collapse of FTX. Winklevoss's company, Gemini Trust Co., had offered...