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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.

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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.

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DCG Responds to Cameron Winklevoss Calling for Barry Silbert’s Removal

Digital Currency Group is responding to the open letter Gemini co-founder Cameron Winklevoss issued, stating in part on Twitter that this "is another desperate and unconstructive publicity stunt." Winklevoss asked the DCG board to remove Silbert, citing DCG's inability to find a fair resolution with creditors of DCG's Genesis unit. DCG is the parent company of CoinDesk.

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Gemini прекращает выпуск Криптo продукта, обостряя борьбу с Genesis

Этот шаг, который, по словам Gemini, требует от Genesis вернуть все заблокированные активы, завершает почти двухлетнюю программу биржи Gemini Earn.

Tyler Winklevoss y Cameron Winklevoss, cofundadores de Gemini. (Joe Raedle/Getty Images)

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Gemini's Cameron Winklevoss Says Barry Silbert Is 'Unfit to Run DCG'

Gemini co-founder Cameron Winklevoss issued an open letter on Tuesday calling for the removal of Digital Currency Group (DCG) CEO Barry Silbert a week after calling out the executive over a business disagreement. Pacific Street Managing Director Gareth Rhodes weighs in on the latest developments. DCG is the parent company of CoinDesk.

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DCG Concerns Linger Amid Crypto Winter

Digital Currency Group (DCG) faces an investigation by the U.S. Department of Justice and SEC on the transfer of funds between DCG and its Genesis unit, according to a report from Bloomberg. DCG is the parent company of CoinDesk. Pacific Street Managing Director Gareth Rhodes weighs in. Plus, he discusses his opinion piece titled, "The Impact of Avraham Eisenberg’s Case on the Future of Crypto," focusing on whether "white hat" hacking could benefit DeFi protocols.

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Кэмерон Уинклвосс из Gemini призывает к отстранению Барри Силберта от Криптo DCG

Уинклвосс от имени Gemini призвал к отстранению Силберта за его участие в разногласиях между Genesis и ее кредиторами.

Tyler y Cameron Winklevoss, de Gemini, en el evento TechCrunch Disrupt NY 2015. (TechCrunch/Wikimedia)

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More Time Is Needed To Sort Out Finances, Genesis’ CEO Tells Clients

"The Hash" panel discusses the latest developments for Genesis Global Trading, as its interim CEO told clients it needs more time to sort out its tricky financial position. This comes as Gemini co-founder Cameron Winklevoss blasted DCG CEO Barry Silbert for "bad faith stall tactics." Genesis and CoinDesk share the same parent company, Digital Currency Group (DCG).

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Bitcoin Trading Flat Below $17K on Its 14th Birthday

Bitcoin (BTC) is trading around $16,600 as Gemini co-founder accused Digital Currency Group CEO Barry Silbert of “bad faith stall tactics.” Silbert responded, saying his firm submitted a proposal to Genesis and Gemini’s advisers last Thursday. DCG is the parent company of CoinDesk. Sean Farrell, Global Advisors Head of Digital Asset Strategy at research firm Fundstrat, shares his crypto markets analysis.

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