James Block, crypto skeptic and author of the Dirty Bubble Media newsletter, rose to prominence with a timely post predicting FTX’s insolvency. The blogger, a doctor by day, explains why[…]
Tag: DCG
Genesis Transfers $150M To Crypto Exchanges and New Wallet
What happened: Embattled crypto lender Genesis has filed for Chapter 11 bankruptcy protection. Now, the firm has made a series of transfers to crypto exchanges, suggesting that it could be[…]
Is Genesis’s Prepackaged Bankruptcy The Ultimate Sacrifice?
What Happened: Embattled crypto lender Genesis is negotiating with creditors on the terms of its Chapter 11 bankruptcy filing, sources told The Block on Wednesday. Under the proposed terms of[…]
The DCG Rumor Mill as It Stands
Whispers about Digital Currency Group’s troubles have continued to make rounds on Twitter this week. While it’s hard to separate fact from fiction, it is worth considering the implications of[…]
The Chopping Block: Why Gemini Users Are Mad at Genesis and DCG – Ep. 443
Welcome to “The Chopping Block!” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. Show topics: Hosts Links […]
Gemini Ends Its Earn Program and Calls for Barry Silbert’s Ouster
In a letter shared on Twitter, Gemini cofounder Cameron Winklevoss accused Digital Currency Group (DCG) of misrepresentation and accounting fraud, and called for DCG CEO Barry Silbert to step down.[…]
DCG Under Investigation by DOJ and SEC: Report
Internal transfers at the Digital Currency Group are reportedly being scrutinized by U.S. authorities. According to a Jan. 7 report from Bloomberg, federal prosecutors are looking into fund flows between[…]
Genesis Considers Bankruptcy and Cuts Another 30% of Staff: Report
Crypto lender Genesis is considering filing for bankruptcy. A Thursday report from The Wall Street Journal citing people familiar with the matter additionally disclosed that Genesis laid off 30% of[…]
Gemini vs. DCG Is Heating Up. Could Gemini Force Genesis Into Bankruptcy? – Ep. 440
Ram Ahluwalia, CEO and cofounder at Lumida, talks about the ongoing dispute between Gemini and Digital Currency Group (DCG), specifically focusing on the actions and statements of DCG CEO Barry[…]
Genesis CEO Says Firm Needs More Time to Find a Solution
Genesis’ Interim CEO Derar Islim told clients that the company needs more time to deliver a solution for its borrowing and lending business. In a letter to clients on Jan. 4,[…]