DCG | ForkLog - Part 4

ForkLog 26 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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ForkLog 24 06.01.2023

Digital Currency Group closes HQ Digital unit

Digital Currency Group (DCG), led by Barry Silbert, announced the closure of HQ Digital, a subsidiary specialising in asset management, according to The Information citing an internal memo.

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ForkLog 19 19.12.2022

Bitvavo reports €280 million tied up at DCG

Bitvavo warns of liquidity problems at DCG and affiliates, due to which the platform cannot access its €280 million ($297 million).

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ForkLog 9 12.12.2022

Messari founder flags difficulties in ‘saving’ DCG

The decisive factor for Genesis Trading in settling its debt with its parent DCG is the precise withdrawal dates from Alameda Research's troubled OTC platform. This was stated by Messari founder and CEO Ryan Selkis.

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ForkLog 70 09.12.2022

Bernstein analysts flag possible liquidation of the Grayscale Bitcoin Trust

DCG, facing problems at its Genesis Trading unit, could raise capital, sell non-core assets and preserve Grayscale or liquidate GBTC. Bernstein analysts arrived at these conclusions, CoinDesk reports.

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ForkLog 84 25.11.2022

Luno says Genesis Global Capital crisis has had no impact on its business

The Digital Currency Group (DGC) cryptocurrency exchange Luno continues to operate at full capacity despite the liquidity crisis of Genesis Global Capital's sister OTC platform. This was stated to news24.com by its managing director Marius Reitz.

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ForkLog 19 24.11.2022

NYT: Genesis does not rule out bankruptcy

The financially troubled crypto lender Genesis Global Capital has hired investment bank Moelis & Company to study options, including bankruptcy. The New York Times reports, citing its own sources.

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ForkLog 14 23.11.2022

Messari founder outlines best-case scenario for a struggling DCG

DCG can attract the necessary funding only when the obligations of the troubled OTC platform Genesis Trading are defined, capped, and not growing. This was stated by Messari founder and CEO Ryan Selkis.

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ForkLog 19 21.11.2022

Rumours of DCG troubles surface as FTX collapse unfolds

The Grayscale Investments' refusal to disclose reserves and the suspension by Genesis Trading's OTC platform of crypto-lending operations raised concerns about the resilience of the entire Digital Currency Group (DCG).

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ForkLog 71 02.11.2022

Media reports layoffs at Galaxy Digital, BitMEX and DCG.

Over the past day, reports emerged of 10-30% staff cuts at three major cryptocurrency firms—Galaxy Digital, BitMEX and Digital Currency Group (DCG).

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ForkLog 11 03.03.2022

DCG to buy back Grayscale crypto-trust shares worth $250 million

Digital Currency Group (DCG) announced plans to repurchase Grayscale trust shares worth $250 million. The decision comes amid persistent discounts to the trading prices of the subsidiary's products.

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ForkLog 11 19.11.2021

Digital Currency Group secures $600 million credit line

The Digital Currency Group (DCG), led by Barry Silbert, secured $600 million in debt financing. Eldridge acted as administrative agent for the credit line.

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