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Digital Currency Group (DCG) has added Tonya Evans, a tenured professor at Penn State Dickinson Law with expertise in intellectual property, blockchains, and distributed ledger technology, to its board of directors. In her new role, Evans will contribute to the scaling efforts and strategic decision-making of the company. Barry Silbert, founder
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US federal officials are scrutinizing the internal financial transactions of DCG and its subsidiary, Genesis Global Capital. During the current analysis of the Digital Currency Group and its branch, Genesis Global Capital, agents from the Federal Bureau of Investigation, staff from the Securities and Exchange Commission, and New York City prosecutors
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Digital Currency Group’s subsidiary, Genesis Global Capital, is reportedly being investigated by the New York State Attorney General’s Office (NYOAG). This development compounds the mounting series of ongoing inquiries directed at DCG’s financial operations. US federal prosecutors and
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Crypto exchange Gemini founder and CEO Cameron Winklevoss is again threatening to sue Digital Currency Group and its CEO Barry Silbert over delays in the resolution of Genesis for its Earn customers while slamming the CEOfor allegedly trying to play the victim card.In the July 3 “Open Letter to Barry
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Digital Currency Group’s (DCG) Foundry will soon stop offering free services to its customers. The Bitcoin mining firm will begin charging a pool fee from its members starting April 19, 2023. Foundry has provided its mining pool services for free since its inception in 2019. Foundry, the Bitcoin mining firm owned by the
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The monumental collapse of FTX didn’t just destroy a crypto exchange and wipe out billions in customer deposits — it also exposed accounting irregularities at Barry Silbert’s empire, the Digital Currency Group, or DCG. That’s according to Bitcoin (BTC) billionaire and Gemini co-founder Cameron Winklevoss. The FTX blow-up caused Genesis
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Cryptocurrency exchange Bitvavo, a major creditor of the troubled crypto company Digital Currency Group (DCG), has dismissed DCG’s proposal of partial debt repayment.Bitvavo officially announced on Jan. 11 that the firm received a counter proposal from DCG offering to repay about 70% of the outstanding amount in a term acceptable
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In his letter Tuesday, Silbert said DCG has borrowed from Genesis Capital, but "these loans were always structured on an arm's length basis and were priced at prevailing market interest rates." Silbert said DCG has a $1.1 billion promissory note maturing in 2032 with Genesis Capital, which arose from DCG
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Gemini Trust Co., which is co-owned by Winklevoss and his twin brother, paused redemptions on an interest-earning product called Earn in mid-November, a week after rival crypto exchange FTX filed for bankruptcy. The product offered investors opportunities to yield as much as 8% interest on their crypto by lending those
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Grayscale's product is broken. The SEC clearly won't let them fix it thanks to obstinance by the SEC’s leadership, writes Messari’s Ryan Selkis. Source
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