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The Latest Breaking News from Barry Silbert

Bitcoin billionaire Barry Silbert talks about his next big bet—on 'decentralized AI'

Silbert will be CEO of Yuma, a new DCG subsidiary focused on the AI ecosystem tied to Bittensor blockchain.

Grayscale CEO Michael Sonnenshein Steps Down, Replaced By New Goldman Sachs Exec

Grayscale CEO Michael Sonnenshein Steps Down, Replaced By New Goldman Sachs Exec

Grayscale Investments, the muscle behind GBTC, sees CEO Michael Sonnenshein out and ex-Goldman Sachs exec Peter Mintzberg stepping in on August 15th.

International Business Times

Goldman Sachs head of strategy Mintzberg to replace Sonnenshein as Grayscale CEO

Goldman Sachs head of strategy Mintzberg to replace Sonnenshein as Grayscale CEO

Michael Sonnenshein spent 10 years at Grayscale. He's set to step down effective Aug. 15.

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Digital Currency Group, CEO Barry Silbert Move To Dismiss New York AG Lawsuit

DCG and its CEO have filed motions to dismiss the case filed by New York's attorney general, saying the allegations made in the complaint were mischaracterizations of a company that was supporting its subsidiary in good faith when it was financially troubled.

International Business Times

Here are the biggest crypto stories of 2023

In 2023, crypto industry onlookers were shocked by high-profile arrests and Sam Bankman-Fried’s trial but also given hope by a flurry of spot Bitcoin ETF applications and rebounding prices.

Grayscale Surrenders To SEC's Preferred Creation/Redemption Model, Submits Amended Bitcoin ETF Application Following Silbert's Resignation

Like BlackRock and ARK, Grayscale also initially said it would use the in-kind creation and redemption model on its spot Bitcoin ETF. But as Wall Street giants ironed out details with the regulator – probably looking to be a part of the first wave of applications to be approved by…

International Business Times

Barry Silbert Steps Down As Grayscale Investments' Chairman Of The Board

Silbert, who is the CEO of the Digital Currency Group -- the parent company of Grayscale -- resigned from his post effective Jan. 1, 2024.

International Business Times

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New York attorney general hits Gemini, Genesis, and Digital Currency Group with lawsuit for defrauding investors of more than $1 billion

New York attorney general hits Gemini, Genesis, and Digital Currency Group with lawsuit for defrauding investors of more than $1 billion

Letitia James’s action adds to the legal headaches for the reeling crypto heavyweights.

DCG floats 110% recovery for Gemini Earn clients—an offer that may be hard for the Winklevii to refuse

DCG floats 110% recovery for Gemini Earn clients—an offer that may be hard for the Winklevii to refuse

More than 300,000 retail customers have had their accounts frozen for nearly year.

Grayscale is on the cusp of winning Bitcoin’s biggest prize—but Wall Street’s big dogs could snatch it away

Grayscale is on the cusp of winning Bitcoin’s biggest prize—but Wall Street’s big dogs could snatch it away

Grayscale's CEO has been planning a Bitcoin ETF for years—but now legal troubles and new interest from blue chip companies mean a competitor could sew up the market.

Lunch comments led to a Winklevoss ‘character assassination’ campaign, DCG claims

Lunch comments led to a Winklevoss ‘character assassination’ campaign, DCG claims

DCG punched back at claims by the Winklevoss twins in an ongoing lawsuit over the demise of Earn.

The ugly spat between the Winklevii and Barry Silbert just got uglier

The ugly spat between the Winklevii and Barry Silbert just got uglier

Gemini made good on its promise to sue DCG. The lawsuit might be fair, but it’s not a good look for the industry.

Crypto lending arm of Genesis and parent company DCG seek mediator after creditors allegedly challenge restructuring plan

Crypto lending arm of Genesis and parent company DCG seek mediator after creditors allegedly challenge restructuring plan

The motion complicates a bankruptcy case that seemed well on its way to being resolved two months earlier.

Why Barry Silbert and the Winklevoss twins are now damaged goods

Why Barry Silbert and the Winklevoss twins are now damaged goods

The men made the crypto industry what it is today but now they are damaged goods.

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Genesis, DCG reach initial deal with main creditors

The creditors who came to terms with the lending arm of Genesis and DCG are owed approximately $2.4 billion out of the total $3.4 billion the company reportedly owes.

There’s a wild theory that the price of Bitcoin is being propped up—and the academic who proved manipulation in 2017 suspects it may be happening again

Bitcoin's sudden stability is “very suspicious” says John Griffin, finance professor at the University of Texas McCombs School of Business. “The same mechanism we saw in 2017 could be at play now in the still unreal Bitcoin market.”

Evening Standard

Crypto woes intensify after lender Genesis files for bankruptcy

The firm formed part of the empire of billionaire Barry Silbert

SEC accuses Gemini and Genesis of selling unregistered securities

The complaint heightens weeks of turmoil between two of crypto's top companies.

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Genesis is on the hook for $3 billion

The Financial Times also reported that Genesis has a portfolio valued at $500 million.

Winklevoss-Silbert feud reaches new heights

If Winklevoss' accusations are true, Silbert could be in trouble. But that's a big "if."

DCG's Silbert fishes for sympahy in crypto row with Winklevoss twin

Instead of the heady days of the Fed-induced asset bubble, times have been personally and professionally tough for the owner of crypto lender Genesis.

Cameron Winklevoss calls for ouster of Barry Silbert as Gemini-Digital Currency Group feud intensifies

Winklevoss said DCG needs a new CEO so the two companies can settle their issues out of court.

The Winklevoss twins are in another mess—and it has to do with crypto

“The idea in your head that you can quietly hide in your ivory tower and that this will all just magically go away, or that this is someone else’s problem, is pure fantasy,” Cameron Winklevoss wrote to former friend Barry Silbert.

The Winklevii and Barry Silbert are in an ugly public spat. Who's right?

The dust-up between Gemini and DCG doesn't leave either party looking very good.

Catch up on crypto with these 5 stories

Here's a roundup of some excellent crypto and finance writing you likely missed in the last 10 days.

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