DCG


Finance

Genesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization

The move comes months after an initial agreement was reached between Genesis' creditors and its owner, DCG.

(Genesis Trading, modificado por CoinDesk)

Finance

CoinDesk Indices Joins With Luno to Help South African Users Track Crypto Investment Bundles

The partnership between the CoinDesk subsidiary and crypto exchange will see the release of "Luno Large Cap Bundle," helping customers manage and maintain different investment strategies.

Luno logo (Luno)

Finance

Crypto Exchange Luno Rejiggers Leadership Roles as It Seeks to Boost Investor Base, Eyes Public Listing

CEO Marcus Swanepoel is moving into a new role as executive chairman, and COO James Lanigan has been promoted to CEO.

Marcus Swanepoel, cofundador y CEO de Luno. (Luno)

Finance

Santander, HSBC, Deutsche Bank, Others Still Willing to Serve Crypto Clients After Banking Failures, DCG Says

Major banks are still willing to work with crypto firms, though they may restrict services, according to messages from DCG viewed by CoinDesk.

(Shutterstock)

Videos

Grayscale Bitcoin Trust at Issue in Court

The Grayscale Bitcoin Trust discount to net asset value has fallen to its lowest level in a month, ahead of oral arguments in federal court related to Grayscale's lawsuit against the U.S. Securities and Exchange Commission. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what to expect. Grayscale and CoinDesk are both owned by Digital Currency Group (DCG).

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Videos

GBTC Discount Narrows; Alameda Sues Grayscale and DCG To Allow Redemptions

The Grayscale Bitcoin Trust (GBTC) discount to net asset value has fallen to its lowest level in a month, ahead of oral arguments in federal court on Tuesday related to Grayscale's SEC lawsuit. Meanwhile, FTX sister company Alameda Research has filed a lawsuit against Grayscale Investments seeking injunctive relief to realize over $250 million in asset value for the FTX Debtor’s customers and creditors. DCG is the parent company of CoinDesk and Grayscale.

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Policy

Alameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees

The bankrupt trading firm is seeking injunctive relief to allow FTX debtors to realize what it claims is more than $250 million in asset value.

Grayscale CEO Michael Sonnenshein (CoinDesk)

Finance

Crypto Bank Charter Firm Protego Trust Lays Off Most of Its Workforce: Source

Some employees are still in place and the firm’s operations are ready to launch, but money is a problem, said a person familiar with the situation.

Ron Totaro, CEO de Protego Trust Bank. (Protego Bank)

Videos

SEC, CFTC Charge FTX’s Singh With Fraud Following Criminal Plea; Bitcoin ETF Dispute Heads to Court

The U.S. Securities and Exchange Commission and Commodity Futures charged former FTX director of engineering Nishad Singh with fraud allegations on Tuesday, following his guilty plea to similar charges in a federal court. Separately, Grayscale says it’s preparing to argue in court next week that the SEC inappropriately treated its bitcoin exchange-traded fund bid differently than earlier decisions approving bitcoin futures-based ETFs. Grayscale and CoinDesk are both owned by Digital Currency Group (DCG).

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Finance

Crypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022

DCG held cash and cash equivalents of just $262 million at the end of 2022, while investment assets amounted to $670 million.

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