DCG


Finance

Digital Currency Group Spins Off Crypto Mining Subsidiary Fortitude From Foundry

Fortitude Mining will produce bitcoin and other proof-of-work tokens.

Racks of crypto mining machines.

Policy

DCG, Former Genesis CEO to Pay SEC $38.5M to Settle Securities Fraud Charges

The charges stem from DCG and Genesis’ response to the 2022 collapse of crypto hedge fund Three Arrows Capital.

Genesis Trading CEO Michael Moro speaks at Invest: Asia 2019.

Finance

Digital Currency Group’s Barry Silbert Bets Big on AI Blockchain Bittensor

Barry Silbert will be the CEO of Yuma, a new DCG company focused on incubating and building new businesses within Bittensor’s decentralized AI ecosystem.

DCG chief Barry Silbert (DCG)

Policy

DCG, Top Executives Renew Push to Get New York AG’s Civil Fraud Suit Dropped

The late-night messages NYAG alleged were evidence of a fraudulent conspiracy were, according to DCG’s lawyers, “lawful, good-faith efforts by DCG to support a subsidiary.”

DCG CEO Barry Silbert (CoinDesk archives)

Videos

Bitcoin, Ether Little Changed After $400M Liquidation Rout; DCG's Legal Battle

"CoinDesk Daily" host Helene Braun breaks down the biggest headlines impacting the crypto industry today, including bitcoin and ether's reaction to the $400 million leverage flush out. Plus, Fidelity International has selected JPMorgan’s Onyx Digital Assets blockchain to tokenize a money market fund and New York Attorney General Letitia James pushed back against DCG, Silbert’s motions to dismiss the fraud case.

Recent Videos

Policy

New York AG Pushes Back Against DCG, Silbert’s Motion to Dismiss Fraud Case

NYAG has accused Gemini, Genesis, and DCG of conspiring to cover a $1 billion hole in Genesis’ balance sheet caused by the implosion of Three Arrows Capital.

DCG CEO Barry Silbert (CoinDesk archives)

Finance

Grayscale CEO Michael Sonnenshein Steps Down, to Be Replaced by TradFi Veteran

Sonnenshein's replacement will be Peter Mintzberg, currently head of strategy for asset and wealth management at Goldman Sachs.

Michael Sonnenshein (CoinDesk)

Markets

Genesis Set to Return $3B Customer Assets in Finalized Bankruptcy Liquidation Plan

Bankruptcy claims began trading at 35% of account balance value when they were initially listed on claim trading marketplace Xclaim.

Genesis (Spencer Wing/Pixabay)

Finance

DCG's Barry Silbert Pitched Genesis-Gemini Merger in a Drastic Bid to Save the Lender in 2022

Silbert’s motion to dismiss the New York Attorney General’s $3 billion lawsuit contains emails from around the time 3AC failed and the Genesis and Gemini loans business began to seize up.

DCG CEO Barry Silbert (CoinDesk archives)

Finance

Digital Currency Group Files for Dismissal of New York Attorney General’s Lawsuit

The crypto firm's boss, Barry Silbert, also filed a motion to dismiss the Attorney General’s accusation that he concealed losses at the firms and so cheated customers and investors.

Barry Silbert. CEO & Founder Digital Currency Group (DCG)