Regulation
Gemini, Genesis, DCG sued by New York Attorney General
The lawsuit alleges that the companies defrauded over 230,000 investors.
Zoltan Vardai
Lens
Digital Currency Group
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Bitcoin News
Digital Currency Group plans restructuring to pay creditors of bankrupt Genesis unit
Digital Currency Group (DCG), the parent firm of failed crypto broker Genesis Global Capital, plans to transfer equity in another unit, Genesis Global Trading, to Genesis Global Holdco and eventually sell both companies to raise capital to pay back creditors.
Lachlan Keller
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Altcoins
DCG to sell Grayscale holdings at a discount to pay creditors: report
Digital Currency Group has started to sell shares of its cryptocurrency funds at a significant discount, according to a Tuesday report from the Financial Times.
Dylan Butts
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Bitcoin News
Gemini agrees to put US$100 mln to Earn asset recovery efforts
Gemini has agreed to put up US$100 million to the asset recovery of Earn users as part of bankrupt crypto lender Genesis Capital’s in-principle agreement with parent firm DCG and other creditors.
Zoltan Vardai
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Crypto Trading and Strategies
DCG-owned Luno exchange to axe 35% of its staff
Cryptocurrency exchange Luno, the London-based trading platform owned by venture capital firm Digital Currency Group (DCG), will let go of 35% of its global workforce
Zoltan Vardai
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Altcoins
Cardano expresses interest in buying CoinDesk from cash-strapped Digital Currency Group
Cardano co-founder Charles Hoskinson said he is considering acquiring CoinDesk, the media arm of the struggling Digital Currency Group.
Danny Park
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Altcoins
Digital Currency Group’s crypto brokerage Genesis Global Capital files for bankruptcy
Crypto brokerage firm Genesis Global Capital filed for Chapter 11 bankruptcy on Thursday in the Southern District of New York.
Danny Park
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Regulation
DCG’s crypto lender Genesis may file for bankruptcy, according to Bloomberg report
Crypto brokerage firm Genesis Global Capital is preparing to file for bankruptcy as early as this week, Bloomberg reported.
Danny Park
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Regulation
Genesis, Gemini face US charges over unregistered securities sales
Top blockchain and crypto news: SEC frowns on Genesis, Gemini. Solana soars. Will China tighten its embrace of WeChat Pay and Alipay to push its CBDC?
Forkast.News
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Bitcoin News
Digital Currency Group in spotlight over suspicious fund transfers
Top blockchain and crypto news: DCG under investigation. Lido DAO surges as Ethereum's Shanghai upgrade looms. Hong Kong burnishes crypto credentials.
Forkast.News
