DCG | ForkLog - Part 2

ForkLog 9 10.07.2023

Media: 3AC liquidator to press claims against DCG and BlockFi for $1.2 billion

The liquidation firm Teneo, tasked with winding up Three Arrows Capital (3AC), pointed to the possibility of recovering $1.2 billion in court from Digital Currency Group (DCG) and BlockFi.

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ForkLog 53 07.07.2023

Gemini sues DCG and Barry Silbert

The Gemini cryptocurrency exchange has filed a lawsuit against Digital Currency Group (DCG) and its founder Barry Silbert.

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ForkLog 26 04.07.2023

Gemini seeks $1.46 billion from DCG as compensation

Gemini co-founder Cameron Winklevoss made a 'final offer' of $1.46 billion to Digital Currency Group founder Barry Silbert to settle the latter's debt.

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ForkLog 185 26.05.2023

Digital Currency Group to close TradeBlock, the institutional trading platform

On May 31, TradeBlock, the DCG-owned institutional trading platform, will begin winding down its operations.

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ForkLog 7 22.05.2023

DCG misses $630m payment to Gemini Earn

The Digital Currency Group (DCG, Genesis' parent company) missed a $630 million payment to Gemini Earn users.

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ForkLog 56 05.05.2023

Barry Silbert nets $755,000 from sale of Grayscale Ethereum Classic Trust shares

DCG founder Barry Silbert liquidated 120,000 shares of ETCG Grayscale Investments, the subsidiary of the group he leads. This is per an SEC filing.

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ForkLog 22 03.05.2023

Digital Currency Group reports $180 million in profit for the first quarter

The Digital Currency Group (DCG) reported to investors a $180 million profit in Q1 2023 — up 63% from the prior reporting period.

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ForkLog 8 01.05.2023

Gemini backs DCG’s push for pre-litigation settlement

Digital Currency Group (DCG), Genesis, the creditors' committee of the crypto-lending platform, and Gemini agreed to launch a 30-day mediation process. Representatives of the exchange expressed disappointment at the timeline. 2/ Gemini is supportive of mediation and working with the parties to bring this to a conclusion. We have also expressed our frustration on the record on the pace of progress among the parties and the need for urgency. The next status conference with the Court will be on May 4, 2023.

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ForkLog 4 25.04.2023

Genesis creditors reject February-approved restructuring plan

A group of Genesis creditors rejected the February-approved restructuring deal for the cryptolending platform and pressed for new terms. The statement came from the parent company, DCG.

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ForkLog 12 14.03.2023

HSBC, Santander and others still willing to work with cryptocurrencies

Banks Santander, HSBC, Deutsche Bank, BankProv, Bridge Bank, Mercury, Multis and Series Financial remain ready to work with digital assets.

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ForkLog 12 28.02.2023

Digital Currency Group reports a $1.1 billion loss for 2022

The Digital Currency Group (DCG) reported a net loss of $1.1 billion and $262 million in cash and cash equivalents in its 2022 report, as reported by CoinDesk.

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ForkLog 11 07.02.2023

DCG begins selling stakes in Grayscale trusts

Digital Currency Group (DCG) began selling stakes in some of Grayscale Investments’ largest cryptocurrency funds at a significant discount. The Financial Times learned of this from the group’s disclosures.

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