DCG | ForkLog - Part 3

ForkLog 16 07.02.2023

Genesis reaches preliminary restructuring agreement with creditors, reports say

The DCG group and its bankrupt Genesis subsidiaries have reached a preliminary agreement on the terms of a restructuring plan with major creditors, CoinDesk reports.

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ForkLog 17 25.01.2023

DCG-backed Luno to cut 35% of staff

London-based cryptocurrency exchange Luno, part of Barry Silbert's Digital Currency Group (DCG), plans to cut 35% of its staff, according to Marcus Swanepoel, the platform's CEO.

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ForkLog 15 24.01.2023

Gemini lays off 10% of staff amid Genesis troubles

The cryptocurrency exchange Gemini laid off 10% of its staff amid the bankruptcy of the crypto-lending platform Genesis Global Capital.

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ForkLog 18 20.01.2023

Genesis, part of Digital Currency Group, files for bankruptcy

Genesis Global Capital, the crypto-lending platform within the DCG holding, filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code.

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ForkLog 7 19.01.2023

Genesis Global Capital prepares for bankruptcy, reports say

Genesis Global Capital, a crypto-lending platform within the Digital Currency Group (DCG), is preparing to declare insolvency. According to informed Bloomberg sources, the firm will do so in the coming days.

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ForkLog 14 19.01.2023

DCG weighs sale of CoinDesk to raise capital for growth

DCG is considering selling part or all of CoinDesk to raise capital to spur its future growth, The Wall Street Journal reported.

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ForkLog 39 18.01.2023

Digital Currency Group halts quarterly dividend payments

The DCG holding, facing financial difficulties after the collapse of FTX, said it would suspend quarterly dividend payments. Bloomberg reports.

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ForkLog 7 15.01.2023

Justin Sun says he is prepared to spend up to $1 billion on DCG assets

Justin Sun is prepared to invest up to $1 billion of his own funds to acquire assets belonging to Barry Silbert's Digital Currency Group (DCG).

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ForkLog 11 12.01.2023

Financial Times: Genesis Global Capital owes creditors more than $3 billion

Genesis Trading's debt load exceeds $3 billion. As part of capital-raising efforts, the parent DCG is considering selling assets worth $500 million from its venture investment portfolio, according to the Financial Times, citing informed sources.

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ForkLog 17 10.01.2023

Cameron Winklevoss urges Barry Silbert to resign

In another open letter, Cameron Winklevoss urged DCG chief Barry Silbert to resign.

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ForkLog 12 10.01.2023

Grayscale Bitcoin Trust jumps 12% in a day

On January 9, GBTC rose 12%. The market reaction aligned with news that Morgan Stanley bought Grayscale Investments' Bitcoin Trust shares for $3.6 million through a European fund, Bloomberg writes.

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ForkLog 12 09.01.2023

Journalists report that US authorities are investigating DCG’s activities

The SEC and the U.S. Department of Justice have begun examining the nature of Digital Currency Group's interactions with its subsidiary OTC platform Genesis Global Capital. Bloomberg reports this, citing informed sources.

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