- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
DCG
DCG, Gemini Tensions Escalate as Winklevoss Calls for Removal of Barry Silbert
The Winklevoss twins' crypto exchange Gemini escalated its dispute with Digital Currency Group's (DCG) Genesis Global Trading – its partner on a crypto lending product pitched to smaller investors – by terminating a key aspect of their relationship. Lumida CEO and co-founder Ram Ahluwalia weighs in on the latest tensions escalating between DCG and Gemini. DCG is the parent company of Genesis and CoinDesk.
DCG's Barry Silbert Discusses Genesis in Letter to Shareholders
Barry Silbert, the head of crypto conglomerate Digital Currency Group (DCG), gave his shareholders more details about his company's Genesis Capital lending division that was forced to halt customer withdrawals in the aftermath of FTX's November collapse. CoinDesk and Genesis are both owned by parent company DCG. Hodder Law Firm Managing Partner Sasha Hodder weighs in on the latest developments.
Gemini Escalates Dispute with DCG's Genesis; Coinbase Shares Jump Following Layoff Announcement
Crypto exchange Gemini is ramping up its dispute with Digital Currency Group's (DCG) Genesis Global Trading – its partner on a crypto lending product pitched to smaller investors – by terminating a key aspect of their relationship. CoinDesk and Genesis are both owned by parent company DCG. Plus, Coinbase (COIN) shares are on the rise after the crypto exchange announced plans to layoff roughly 20% of its workforce.
Bitcoin Holds Steady Above $17K
XBTO Group Head of Trading Paul Eisma joins "All About Bitcoin" to discuss the early 2023 rally in Grayscale Bitcoin Trust (GBTC) amid lingering concerns surrounding parent company Digital Currency Group (DCG). DCG is also the parent company of CoinDesk. Plus, his reaction to bitcoin trading steadily above $17,000 and the recent lack of liquidity in the BTC market.
Grayscale Bitcoin Trust Discount Narrows to 8-Week Low
Grayscale Bitcoin Trust's early 2023 rally outpaced that of its underlying bitcoin holdings, significantly narrowing its discount to the net asset value. The closed-end trust with more than $10 billion in assets under management is up 17.5% to begin the year versus about a 5% advance in the price of bitcoin to its current $17,300. Grayscale and CoinDesk are both owned by parent company DCG. "All About Bitcoin" host Christine Lee breaks down "The Chart of The Day."
DCG's Barry Silbert Talks About Genesis in Letter to Shareholders
Crypto exchange Gemini co-founder Cameron Winklevoss earlier on Tuesday called for the DCG board to remove Silbert as CEO.
Gemini Terminates Its Crypto Yield Product, Amping Up Battle With Genesis
The move, which Gemini says requires Genesis to return all locked-up assets, sunsets the exchange's nearly two-year-old Gemini Earn program.
Grayscale Bitcoin Trust Discount Narrows to 8-Week Low as DCG Faces Pressure
Digital Currency Group, Grayscale's parent company, has come under increasing pressure to address a discount that had widened to nearly 50% towards the close of 2022.
Bitcoin Holds Above $17K Despite DCG Uncertainty
Bitcoin (BTC) is trading above $17,000 as investors are watching the uncertainty unfold with DCG and Genesis Trading. IDX Digital Assets CIO Ben McMillan provides his markets analysis, saying, "this is a very thinly traded market so it doesn't take a lot to move the price up."
DCG Reportedly Probed For Genesis Transfers
Barry Silbert’s Digital Currency Group (DCG) is reportedly being investigated by the U.S. Department of Justice’s (DOJ) Eastern District of New York and the U.S. Securities and Exchange Commission (SEC), according to Bloomberg. The entities are examining financial transfers between DCG and its Genesis unit. DCG is the parent company of CoinDesk. Pacific Street Managing Director Gareth Rhodes shares his analysis.