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The Latest Breaking News from DCG

The prospect of buying a new car is more out of reach than ever for many Americans. Average new-car transaction prices still hover around $50,000, while most of the country’s cheapest vehicles have disappeared over the past decade. Heading into 2026, there may not be a single new car sold…

Motor1

Digital Currency Group Sues Genesis Over $1.1 Billion 2022 Bailout Amid Bankruptcy Dispute (UPDATED)

Editor’s note: the story has been updated with a statement by the Digital Currency Group.

Benzinga

Winklevoss-led crypto company Gemini confidentially files for IPO amid blockchain boom

Founded by the Winklevoss twins in 2014, Gemini has had a tumultuous road to its public offering.

Fortune

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The worst gig-goers aren’t phone-wielding teens. It’s creepy blokes zooming in on female musicians

At a Kylie Minogue gig last Friday, the man next to me spent the entire show filming her in close-up. This unsettling behaviour leaves women – artists and audience alike – feeling surveilled

The Guardian - UK

Billionaire Barry Silbert’s Digital Currency Group launches crypto-mining venture Fortitude

The new Fortitude venture will “look across the entire proof-of-work ecosystem to say what’s going to give us the largest return.”

Fortune

A Goldman Sachs and BlackRock vet is now CEO of crypto giant Grayscale. Is he up to the job?

After winning a legal battle against the SEC for Bitcoin ETFs, the asset manager Grayscale is facing an exodus of investor capital.

Fortune

New York AG Files $1B Lawsuit Against NovaTech, AWS Mining Over Crypto 'Pyramid Schemes'

New York's Attorney General has filed a billion-dollar lawsuit against AWS Mining and NovaTech for allegedly defrauding thousands of New Yorkers out of millions worth in cryptocurrencies.

International Business Times

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Gemini Reaches Settlement To Return $1.1B In Digital Assets To Earn Users

Gemini has reached a settlement to pay over $1 billion to users of its defunct Earn program that collapsed after financial services company Genesis, which held Earn users' funds, defaulted on Earn customers' loans.

International Business Times

New York attorney general expands crypto lawsuit tied to Winklevoss twins

Letitia James triples size of alleged fraud scheme by Digital Currency Group and other crypto defendants to over $3bn

The Guardian - US

Exclusive: Genesis reaches settlement with New York regulator, will forfeit BitLicense and pay $8 million fine

The agreement with the NY Department of Financial Services comes on the heels of a major lawsuit by the state's attorney general.

Fortune

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.

Fortune

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

NY attorney general’s office touts Gemini and DCG lawsuit in renewed push for expanded crypto role

Letitia James is pushing for increased regulatory powers after the Department of Financial Services failed to prevent the collapse of Gemini Earn.

Fortune

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Fortune

Bitcoin breaks $30,000 as ETF rumors swirl

There were signs this week that volatility may finally be returning to the crypto markets.

Fortune

Grayscale filed a new application with the SEC for a spot Bitcoin ETF. But a lawsuit against its parent company could complicate matters

A lawsuit filed Thursday against Grayscale parent company Digital Currency Group may complicate its application.

Fortune

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.

Fortune

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.

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Fortune

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.

Zenger

Investors Eye CoinDesk Purchase Amid Crypto Winter

DCG's sale of CoinDesk could signal optimism for future crypto market recovery

Fortune

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.

Fortune

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.

Fortune

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.

Fortune

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.

Fortune

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.”

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