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The Latest Breaking News from Digital Currency Group

A Major Crypto Firm Is Backing The Clarity Act. It Says The U.S. Is Losing Ground In The Industry

Digital Currency Group (DCG), one of the cryptocurrency industry's largest investment firms, has urged the U.S. Senate to pass the Clarity Act, arguing that the country is losing ground.

International Business Times

Bittensor, the AI-linked cryptocurrency founded by a former Google engineer, just halved its supply. Here’s what that means

The mechanics of Bittensor mirror those of Bitcoin, the world’s largest cryptocurrency.

Fortune

Billionaire Barry Silbert says he hasn’t been this excited about a crypto project since discovering Bitcoin

“In the way that the internet was the world wide web of information, Bittensor is creating the world wide web of intelligence,” said Silbert during Fortune’s Brainstorm Tech conference on Tuesday.

Fortune

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Ex-Coinbase exec raises $12.5 million for Dakota, a stablecoin-powered neobank

CoinFund led the Series A, with participation from 6th Man Ventures, Triton Ventures, and Digital Currency Group.

Fortune

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

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

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

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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

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

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

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Fortune

Digital Currency Group could pay back nearly all money owed to Genesis customers if new agreement approved

Genesis filed for bankruptcy in January after halting withdrawals following the collapse of FTX.

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

Grayscale’s GBTC shares soar more than 10% after judges show skepticism of SEC’s denial of Bitcoin ETF

The pivotal court case could determine the financial future of Digital Currency Group.

Fortune

A buzzy NFT startup from Decentraland’s founder was supposed to be the future of crypto gaming. His $20M gamble on Genesis could cost the company its future

How Big Time became one of the top creditors on the bankrupt lending platform.

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Fortune

Genesis considers filing for bankruptcy as it struggles to raise new funds

The company, which is a subsidiary of Barry Silbert’s Digital Currency Group, reportedly owes creditors $3 billion.

Fortune

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 Times of India

Tech layoffs 2023 tracker: Amazon, Salesforce announce big job cuts

NEW YORK: Layoffs that began in 2022 are accelerating across some technology companies.

Benzinga

Barry Silbert's Grayscale Sues SEC For Rejecting Spot Bitcoin ETF Proposal

CEO and founder of Digital Currency Group (DCG) Barry Silbert said Grayscale Investments is suing the U.S. Securities and Exchange Commission.

Benzinga

Why Voyager Digital Shares Are Falling Today

Voyager Digital Ltd. (TSX:VOYG) (OTC:VYGVF) reported third-quarter revenue growth of 70% year-over-year to $102.74 million, and EPS loss narrowed to $(0.36) from $(0.49) a year ago. Operating loss was $(43) million for the quarter compared to income of $29.8 million for 3Q21. Total verified users on the platform grew 9% Q/Q to 3.5…

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