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Wikipedia

Digital Currency Group

May 12, 2024

Digital Currency Group (DCG) is a venture capital company focusing on the digital currency market. It is located in Stamford, Connecticut.[2] The company has the subsidiaries Foundry, Genesis, Grayscale Investments, and Luno. It also formerly owned CoinDesk.

Digital Currency Group Inc.
Company typePrivately held company
IndustryAsset management
Founded2015; 9 years ago (2015)
FounderBarry Silbert
HeadquartersStamford, Connecticut
Area served
Worldwide
Key people
Barry Silbert (CEO)
Mark Shifke (CFO)
ProductsInvestment funds
AUM$50 billion (Sept. 2021)[1]
Subsidiaries
Websitedcg.co

History edit

Founding and growth: 2015-2021 edit

Digital Currency Group was launched in 2015 by Barry Silbert, the former CEO of SecondMarket, Inc. He began investing in blockchain technology companies in 2013.[3] Shortly after SecondMarket’s sale, Silbert formed Digital Currency Group, with Genesis and Grayscale becoming the first of the company’s subsidiaries.[4]

In November 2021, the firm relocated its Manhattan headquarters to Stamford, Connecticut.[5][6] The governor of Connecticut at the time, Ned Lamont, had provided financial incentives for the company to move to Stamford, including a $5 million grant if Digital Currency Group created at least 300 full-time jobs in the state.[7]

As of November 2021, Digital Currency Group made over 200 investments in other cryptocurrency companies.[8]

Repercussions of FTX bankruptcy: 2022 edit

See also: Bankruptcy of FTX

Genesis and sales: 2023 edit

By early 2023, DCG had over 160 companies in its portfolio, of which it had acquired 28. Subsidiaries included the crypto exchange Luno, and the firm Foundry for crypto mining. It was also an investor in Coinbase and Kraken, the firm Circle behind the stablecoin USDC, and the analytics companies Chainalysis, Dune Analytics, Elliptic, and Etherscan.[9] In early January 2023, DCG laid off 30% of its staff. In response to growing dispute with shareholders, Barry Silbert in early 2023 argued against debtor Cameron Winklevoss' push to replace him as CEO.[10]

In January 2023, the Financial Times reported that DCG was considering selling parts of its venture capital holdings to raise funds.[11]

On January 19, 2023, Genesis Global Capital filed for Chapter 11 bankruptcy protection, citing over 100,000 creditors and liabilities of between $1 billion and $10 billion.[12] In February 2023, DCG struck a deal with creditors to either sell its Genesis unit or turn its equity over to creditors.[13] Specifically, on February 6, 2023, Genesis Global Holdco announced a possible agreement with its creditors and DCG, wherein DCG would give its equity interest in Genesis Global Trading (GGT) to Genesis Global Holdco. DCG would also refinance its loans from Genesis and exchange its existing $1.1 billion promissory note for convertible preferred stock issued by DCG.[14][15] However in April, some creditors walked away from the restructuring agreement.[13]

In mid-May 2023, it was reported that DCG had missed a $630 million payment to Gemini, while owing the company $1.65 billion.[16][17]

DCG stated that "due to the state of the broader economy and prolonged crypto winter, along with the challenging regulatory environment for digital assets in the U.S," it shut down TradeBlock, an institutional trading platform, on May 31, 2023.[6][18] At that time, Luno was still owned by DCG.[19] In July 2023, it was reported that DCG would sell CoinDesk for $125 million. At the time, DCG had closed HQ, its wealth management unit.[20] With Barry Silbert remaining CEO, in July 2023, DCG appointed Mark Shifke as its CFO.[21]

In July 2023, DCG's crypto lending arm Genesis Global was still undergoing bankruptcy proceedings.[20] In July 2023, Gemini sued DCG in New York citing fraud, with the intent of reclaiming funds.[22] In August 2023 DCG reportedly faced an unannounced probe by the New York Attorney General, who was seeking information related to the financial dealings of DCG's subsidiary Genesis.[23]

A new Chapter 11 deal was agreed on with DCG and lender Genesis Global as well as a major creditor group in late August 2023.[24][25] The agreement involved paying out up to 90% of the amount owed to Genesis customers using new loans.[26]

In October 2023, the New York attorney general filed a lawsuit against DCG, Gemini Trust, and Genesis Capital for allegedly defrauding more than 230,000 investors of more than $1.1 billion. The companies allegedly lied to investors about the expected returns on their investments and in regard to their safety, while also concealing losses from them and the public. DCG replied that they would fight the claims, and that they were “shocked by the baseless allegations.”[27][28]

Subsidiaries edit

Genesis Global Capital edit

Main article: Genesis Global Capital

Launched in 2013 by DCG, Genesis is a cryptocurrency trading, lending, and asset custody platform, targeting institutional clients and high net worth individuals. They claim to have been the first Bitcoin cryptocurrency desk.[29]

Genesis acquired the London-based cryptocurrency custodial company Volt in early 2020. Genesis' sister company Grayscale Investments had been holding its cryptocurrency assets with the company Xapo, which had been acquired by Genesis' rival Bitcoin trading company Coinbase in 2019. News media speculated that Genesis' cryptocurrency custody would be transferred away from Coinbase and made internal to Greyscale after completion of the Volt acquisition.[30]

In late June and early July 2022, Genesis publicly disclosed that it was exposed to hundreds of millions of dollars in losses from loans to both the Hong Kong based cryptocurrency lender Babel Finance[citation needed] and the bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC),[31] and that its parent company DCG had taken on some of Genesis' debts in order to keep the company afloat.[32][31] On August 17, 2022, Genesis CEO Michael Moro resigned[31] to serve in an advisory position, while Chief Operating Officer (COO) Derar Islim became interim CEO.[31] On November 1, 2022, it was reported that Mark Murphy had been promoted from DCG's COO to president and had dismissed 10% of the DCG staff.[33] On November 16, Genesis abruptly halted all Bitcoin withdrawals and loan applications for their customers,[34][9] following FTX's bankruptcy filing.[35] The next morning, Wall Street Journal reported that it had obtained confidential documents stating that Genesis had an "ongoing run on deposits".[34][36]

On January 19, 2023, Genesis Global Capital filed for Chapter 11 bankruptcy protection.[12][37] with the unit continuing to undergo proceedings through 2023.[15]

Grayscale Investments edit

Main article: Grayscale Investments

Established in 2013, Grayscale Investments is a digital currency asset manager.[38] It offers funds privately for institutional and accredited investors[39] and publicly-traded products.[40]

Grayscale was the world’s largest asset manager for digital currency, as of December 2021, with more than $50 billion in assets under management.[7] Grayscale also manages the Grayscale Bitcoin Investment Trust (OTCQX: GBTC), which was the first publicly quoted security solely invested in the price of bitcoin upon its launch in 2013.[3]

As of April 2021, six of Grayscale’s funds were traded publicly on the OTCQX market: Bitcoin Cash, Grayscale Bitcoin Trust, Grayscale Ethereum Trust, Grayscale Ethereum Classic Trust, Grayscale Digital Large Cap Fund, and the Grayscale Litecoin Trust.[41]

Grayscale Bitcoin Trust was approved for public trading by the U.S. Financial Industry Regulatory Authority (FINRA) in 2015.[42][43] On January 21, 2020, Grayscale Bitcoin Trust became the first digital currency financial product to become a Securities and Exchange Commission reporting company.[44]

In 2018, Grayscale launched the Grayscale Digital Large Cap Fund which allows a customer to invest in a group of prominent digital currencies.[45] The fund was approved to trade on public markets by the FINRA in October 2019.[citation needed] In May 2022, it was reported that Grayscale would list an exchange-traded fund (ETF) for the first time in Europe. The ETF was said to be made up of companies representing the "Future of Finance", and would begin trading on May 17.[38]

CoinDesk edit

Main article: CoinDesk

CoinDesk is a global media, research, and events platform that was acquired by Digital Currency Group in 2016.[46] It reports on bitcoin blockchain daily news, provides a bitcoin price index and publishes a quarterly State of Bitcoin report. CoinDesk also hosts a conference on digital currencies and blockchain technologies named Consensus.[47]

Foundry edit

Foundry, established in 2019, sets up and manages bitcoin mining operations in the United States and Canada.[48] In addition to setting up and operating its own cryptocurrency mining equipment, Foundry also provides financing, specialized digital mining equipment, and expertise to other digital currency startups.[49]

In the summer of 2021, Foundry helped to relocate over $300 million worth of equipment from China to North America following the Chinese government shutdown of many cryptocurrency mining operations.[50]

Bloomberg reported in April 2023 that Foundry would stop offering free Bitcoin mining services, and between April 19 and April 22, would instead levy a pool fee on members. The services had been free since 2019. [51]

Luno edit

In September 2020, Digital Currency Group acquired Luno, a cryptocurrency exchange based in London, with other operations in Cape Town and Singapore.[52][53] At the time of the acquisition, Luno had more than 5 million customers.[52]

See also edit

References edit

  1. ^ Ehrlich, Steven. "Grayscale Paves The Way For Ethereum Classic, Bitcoin Cash And Litecoin ETFs While The Fate Of Bitcoin's First Lies In The Balance". Forbes. from the original on 2021-11-13. Retrieved 2021-11-13.
  2. ^ Vigna, Paul (2016-04-28). "Bitcoin-Focused Investment Firm Brings On Western Union, Lawrence Summers". Wall Street Journal. ISSN 0099-9660. from the original on 2016-05-05. Retrieved 2016-05-10.
  3. ^ a b Primack, Dan (23 September 2013). "First Bitcoin Investment Fund Launches". Fortune Ledger. from the original on 30 April 2019. Retrieved 29 March 2019.
  4. ^ Tepper, Fitz (27 October 2015). "Barry Silbert Launches Digital Currency Group With Funding From MasterCard, Others". TechCrunch. from the original on 30 April 2019. Retrieved 18 April 2019.
  5. ^ Hall, Phil. "Blockchain behemoth DCG relocating to Stamford from NYC". Westfair Online. from the original on 4 December 2021. Retrieved 3 December 2021.
  6. ^ a b "Stamford-based crypto conglomerate Digital Currency Group closes another business". ctinsider.com. from the original on 7 August 2023. Retrieved 7 August 2023.
  7. ^ a b "With a cryptocurrency company's move to Stamford, Gov. Lamont and business leaders say it's a sign of change for Connecticut". Hartford Courant. 2 December 2021. from the original on 2022-08-23. Retrieved 2022-08-23.
  8. ^ Vigna, Paul (2021-11-01). "WSJ News Exclusive | Digital Currency Group Wants to Be Crypto's Standard Oil". Wall Street Journal. ISSN 0099-9660. from the original on 2022-08-23. Retrieved 2022-08-23.
  9. ^ a b "Factbox: FACTBOX The many companies in Digital Currency Group's crypto empire". www.reuters.com. Reuters. from the original on 2023-08-14. Retrieved August 12, 2023.
  10. ^ "Chief of Digital Currency Group defends record amid call for sacking - Barry Silbert writes to shareholders as Gemini exchange's Cameron Winklevoss seeks his removal". www.ft.com. Financial Times. from the original on August 14, 2023. Retrieved August 14, 2023.
  11. ^ "DCG's crypto broker Genesis owes creditors more than $3 bln - source". www.reuters.com. Reuters. from the original on 2023-08-14. Retrieved August 14, 2023.
  12. ^ a b "Crypto giant Genesis files for bankruptcy, after FTX collapse". www.aljazeera.com. from the original on 8 February 2023. Retrieved 8 February 2023.
  13. ^ a b "Crypto group DCG says bankrupt unit Genesis' creditors renege on deal". www.reuters.com. Reuters. from the original on 2023-08-14. Retrieved August 14, 2023.
  14. ^ "Genesis Reaches Agreement in Principle with DCG and Key Creditors on a Global Resolution that Optimizes Outcome for Clients and Stakeholders". www.businesswire.com. 6 February 2023. from the original on 7 February 2023. Retrieved 8 February 2023.
  15. ^ a b Sigalos, MacKenzie; Goswami, Rohan. "Winklevoss twins' crypto exchange Gemini to contribute $100 million to Genesis bankruptcy recovery". CNBC. from the original on 7 February 2023. Retrieved 8 February 2023.
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  17. ^ "Gemini says Digital Currency Group missed loan payment". www.axios.com. Axios. from the original on August 14, 2023. Retrieved August 12, 2023.
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  19. ^ "Crypto exchange owned by embattled conglomerate Digital Currency Group loses top global exec". www.cnbc.com. CNBC. from the original on August 14, 2023. Retrieved August 14, 2023.
  20. ^ a b "CoinDesk to be sold in $125 million deal". www.axios.com. Axios. from the original on 7 August 2023. Retrieved 7 August 2023.
  21. ^ "Barry Silbert's Digital Currency Group Names Shifke as CFO". www.bloomberg.com. Bloomberg. Retrieved 7 August 2023.
  22. ^ "Winklevoss Twins' Gemini Sues Crypto Conglomerate DCG, Citing Fraud". www.Bloomberg.com. Bloomberg. from the original on 2023-07-09. Retrieved August 13, 2023.
  23. ^ "DCG Probes Grow as NY Attorney General Seeks Genesis Information". www.bloomberglaw.com. Bloomberg. from the original on 7 August 2023. Retrieved 7 August 2023.
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  28. ^ Livni, Ephrat (2023-10-19). "New York Attorney General Sues Crypto Firms in $1 Billion Fraud Case". New York Times. from the original on 2023-10-19. Retrieved 2023-10-19.
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  35. ^ John, Alun; Lang, Hannah (2022-11-11). "Crypto exchange FTX files for bankruptcy as wunderkind CEO exits". Reuters. from the original on 18 November 2022. Retrieved 2022-11-18.
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  37. ^ "Genesis Global Holdco, LLC". Kroll Restructuring Administration. Kroll. from the original on 30 January 2023. Retrieved 2 March 2023.
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  39. ^ Rooney, Kate (1 November 2018). "Crypto investment firm Grayscale rakes in $330 million this year despite bitcoin bear market". CNBC. from the original on 17 June 2020. Retrieved 30 June 2020.
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  41. ^ Paz, Javier. "Will Grayscale Plan To Convert GBTC To A Bitcoin ETF Work?". Forbes. from the original on 2022-08-23. Retrieved 2022-08-23.
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  44. ^ Castillo, Michael del. "20 Institutional Bitcoin Investors Revealed, But Soon The List May Vanish". Forbes. from the original on 2021-03-14. Retrieved 2021-03-18.
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  48. ^ "Crypto giant DCG bets $100M to mine Bitcoin in North America". Fortune. from the original on 2022-08-23. Retrieved 2022-08-23.
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  51. ^ "DCG's Bitcoin Mining Firm Foundry to Stop Offering Free Services". www.bloomberg.com. Bloomberg. from the original on 2023-11-08. Retrieved 7 April 2023.
  52. ^ a b "Naspers-Backed Crypto Luno Acquired by Digital Currency Group". Bloomberg.com. 2020-09-09. from the original on 2022-08-24. Retrieved 2022-08-23.
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External links edit

 
Wikimedia Commons has media related to Digital Currency Group.
  • Official website

May 12, 2024
digital, currency, group, venture, capital, company, focusing, digital, currency, market, located, stamford, connecticut, company, subsidiaries, foundry, genesis, grayscale, investments, luno, also, formerly, owned, coindesk, company, typeprivately, held, comp. Digital Currency Group DCG is a venture capital company focusing on the digital currency market It is located in Stamford Connecticut 2 The company has the subsidiaries Foundry Genesis Grayscale Investments and Luno It also formerly owned CoinDesk Digital Currency Group Inc Company typePrivately held companyIndustryAsset managementFounded2015 9 years ago 2015 FounderBarry SilbertHeadquartersStamford ConnecticutArea servedWorldwideKey peopleBarry Silbert CEO Mark Shifke CFO ProductsInvestment fundsAUM 50 billion Sept 2021 1 SubsidiariesCoinDesk Foundry Genesis Global Capital Grayscale Investments LunoWebsitedcg wbr co Contents 1 History 1 1 Founding and growth 2015 2021 1 2 Repercussions of FTX bankruptcy 2022 1 3 Genesis and sales 2023 2 Subsidiaries 2 1 Genesis Global Capital 2 2 Grayscale Investments 2 3 CoinDesk 2 4 Foundry 2 5 Luno 3 See also 4 References 5 External linksHistory editFounding and growth 2015 2021 edit Digital Currency Group was launched in 2015 by Barry Silbert the former CEO of SecondMarket Inc He began investing in blockchain technology companies in 2013 3 Shortly after SecondMarket s sale Silbert formed Digital Currency Group with Genesis and Grayscale becoming the first of the company s subsidiaries 4 In November 2021 the firm relocated its Manhattan headquarters to Stamford Connecticut 5 6 The governor of Connecticut at the time Ned Lamont had provided financial incentives for the company to move to Stamford including a 5 million grant if Digital Currency Group created at least 300 full time jobs in the state 7 As of November 2021 Digital Currency Group made over 200 investments in other cryptocurrency companies 8 Repercussions of FTX bankruptcy 2022 edit See also Bankruptcy of FTX Genesis and sales 2023 edit By early 2023 DCG had over 160 companies in its portfolio of which it had acquired 28 Subsidiaries included the crypto exchange Luno and the firm Foundry for crypto mining It was also an investor in Coinbase and Kraken the firm Circle behind the stablecoin USDC and the analytics companies Chainalysis Dune Analytics Elliptic and Etherscan 9 In early January 2023 DCG laid off 30 of its staff In response to growing dispute with shareholders Barry Silbert in early 2023 argued against debtor Cameron Winklevoss push to replace him as CEO 10 In January 2023 the Financial Times reported that DCG was considering selling parts of its venture capital holdings to raise funds 11 On January 19 2023 Genesis Global Capital filed for Chapter 11 bankruptcy protection citing over 100 000 creditors and liabilities of between 1 billion and 10 billion 12 In February 2023 DCG struck a deal with creditors to either sell its Genesis unit or turn its equity over to creditors 13 Specifically on February 6 2023 Genesis Global Holdco announced a possible agreement with its creditors and DCG wherein DCG would give its equity interest in Genesis Global Trading GGT to Genesis Global Holdco DCG would also refinance its loans from Genesis and exchange its existing 1 1 billion promissory note for convertible preferred stock issued by DCG 14 15 However in April some creditors walked away from the restructuring agreement 13 In mid May 2023 it was reported that DCG had missed a 630 million payment to Gemini while owing the company 1 65 billion 16 17 DCG stated that due to the state of the broader economy and prolonged crypto winter along with the challenging regulatory environment for digital assets in the U S it shut down TradeBlock an institutional trading platform on May 31 2023 6 18 At that time Luno was still owned by DCG 19 In July 2023 it was reported that DCG would sell CoinDesk for 125 million At the time DCG had closed HQ its wealth management unit 20 With Barry Silbert remaining CEO in July 2023 DCG appointed Mark Shifke as its CFO 21 In July 2023 DCG s crypto lending arm Genesis Global was still undergoing bankruptcy proceedings 20 In July 2023 Gemini sued DCG in New York citing fraud with the intent of reclaiming funds 22 In August 2023 DCG reportedly faced an unannounced probe by the New York Attorney General who was seeking information related to the financial dealings of DCG s subsidiary Genesis 23 A new Chapter 11 deal was agreed on with DCG and lender Genesis Global as well as a major creditor group in late August 2023 24 25 The agreement involved paying out up to 90 of the amount owed to Genesis customers using new loans 26 In October 2023 the New York attorney general filed a lawsuit against DCG Gemini Trust and Genesis Capital for allegedly defrauding more than 230 000 investors of more than 1 1 billion The companies allegedly lied to investors about the expected returns on their investments and in regard to their safety while also concealing losses from them and the public DCG replied that they would fight the claims and that they were shocked by the baseless allegations 27 28 Subsidiaries editGenesis Global Capital edit Main article Genesis Global Capital Launched in 2013 by DCG Genesis is a cryptocurrency trading lending and asset custody platform targeting institutional clients and high net worth individuals They claim to have been the first Bitcoin cryptocurrency desk 29 Genesis acquired the London based cryptocurrency custodial company Volt in early 2020 Genesis sister company Grayscale Investments had been holding its cryptocurrency assets with the company Xapo which had been acquired by Genesis rival Bitcoin trading company Coinbase in 2019 News media speculated that Genesis cryptocurrency custody would be transferred away from Coinbase and made internal to Greyscale after completion of the Volt acquisition 30 In late June and early July 2022 Genesis publicly disclosed that it was exposed to hundreds of millions of dollars in losses from loans to both the Hong Kong based cryptocurrency lender Babel Finance citation needed and the bankrupt cryptocurrency hedge fund Three Arrows Capital 3AC 31 and that its parent company DCG had taken on some of Genesis debts in order to keep the company afloat 32 31 On August 17 2022 Genesis CEO Michael Moro resigned 31 to serve in an advisory position while Chief Operating Officer COO Derar Islim became interim CEO 31 On November 1 2022 it was reported that Mark Murphy had been promoted from DCG s COO to president and had dismissed 10 of the DCG staff 33 On November 16 Genesis abruptly halted all Bitcoin withdrawals and loan applications for their customers 34 9 following FTX s bankruptcy filing 35 The next morning Wall Street Journal reported that it had obtained confidential documents stating that Genesis had an ongoing run on deposits 34 36 On January 19 2023 Genesis Global Capital filed for Chapter 11 bankruptcy protection 12 37 with the unit continuing to undergo proceedings through 2023 15 Grayscale Investments edit Main article Grayscale Investments Established in 2013 Grayscale Investments is a digital currency asset manager 38 It offers funds privately for institutional and accredited investors 39 and publicly traded products 40 Grayscale was the world s largest asset manager for digital currency as of December 2021 with more than 50 billion in assets under management 7 Grayscale also manages the Grayscale Bitcoin Investment Trust OTCQX GBTC which was the first publicly quoted security solely invested in the price of bitcoin upon its launch in 2013 3 As of April 2021 six of Grayscale s funds were traded publicly on the OTCQX market Bitcoin Cash Grayscale Bitcoin Trust Grayscale Ethereum Trust Grayscale Ethereum Classic Trust Grayscale Digital Large Cap Fund and the Grayscale Litecoin Trust 41 Grayscale Bitcoin Trust was approved for public trading by the U S Financial Industry Regulatory Authority FINRA in 2015 42 43 On January 21 2020 Grayscale Bitcoin Trust became the first digital currency financial product to become a Securities and Exchange Commission reporting company 44 In 2018 Grayscale launched the Grayscale Digital Large Cap Fund which allows a customer to invest in a group of prominent digital currencies 45 The fund was approved to trade on public markets by the FINRA in October 2019 citation needed In May 2022 it was reported that Grayscale would list an exchange traded fund ETF for the first time in Europe The ETF was said to be made up of companies representing the Future of Finance and would begin trading on May 17 38 CoinDesk edit Main article CoinDesk CoinDesk is a global media research and events platform that was acquired by Digital Currency Group in 2016 46 It reports on bitcoin blockchain daily news provides a bitcoin price index and publishes a quarterly State of Bitcoin report CoinDesk also hosts a conference on digital currencies and blockchain technologies named Consensus 47 Foundry edit Foundry established in 2019 sets up and manages bitcoin mining operations in the United States and Canada 48 In addition to setting up and operating its own cryptocurrency mining equipment Foundry also provides financing specialized digital mining equipment and expertise to other digital currency startups 49 In the summer of 2021 Foundry helped to relocate over 300 million worth of equipment from China to North America following the Chinese government shutdown of many cryptocurrency mining operations 50 Bloomberg reported in April 2023 that Foundry would stop offering free Bitcoin mining services and between April 19 and April 22 would instead levy a pool fee on members The services had been free since 2019 51 Luno edit In September 2020 Digital Currency Group acquired Luno a cryptocurrency exchange based in London with other operations in Cape Town and Singapore 52 53 At the time of the acquisition Luno had more than 5 million customers 52 See also editList of bitcoin companiesReferences edit Ehrlich Steven Grayscale Paves The Way For Ethereum Classic Bitcoin Cash And Litecoin ETFs While The Fate Of Bitcoin s First Lies In The Balance Forbes Archived from the original on 2021 11 13 Retrieved 2021 11 13 Vigna Paul 2016 04 28 Bitcoin Focused Investment Firm Brings On Western Union Lawrence Summers Wall Street Journal ISSN 0099 9660 Archived from the original on 2016 05 05 Retrieved 2016 05 10 a b Primack Dan 23 September 2013 First Bitcoin Investment Fund Launches Fortune Ledger Archived from the original on 30 April 2019 Retrieved 29 March 2019 Tepper Fitz 27 October 2015 Barry Silbert Launches Digital Currency Group With Funding From MasterCard Others TechCrunch Archived from the original on 30 April 2019 Retrieved 18 April 2019 Hall Phil Blockchain behemoth DCG relocating to Stamford from NYC Westfair Online Archived from the original on 4 December 2021 Retrieved 3 December 2021 a b Stamford based crypto conglomerate Digital Currency Group closes another business ctinsider com Archived from the original on 7 August 2023 Retrieved 7 August 2023 a b With a cryptocurrency company s move to Stamford Gov Lamont and business leaders say it s a sign of change for Connecticut Hartford Courant 2 December 2021 Archived from the original on 2022 08 23 Retrieved 2022 08 23 Vigna Paul 2021 11 01 WSJ News Exclusive Digital Currency Group Wants to Be Crypto s Standard Oil Wall Street Journal ISSN 0099 9660 Archived from the original on 2022 08 23 Retrieved 2022 08 23 a b Factbox FACTBOX The many companies in Digital Currency Group s crypto empire www reuters com Reuters Archived from the original on 2023 08 14 Retrieved August 12 2023 Chief of Digital Currency Group defends record amid call for sacking Barry Silbert writes to shareholders as Gemini exchange s Cameron Winklevoss seeks his removal www ft com Financial Times Archived from the original on August 14 2023 Retrieved August 14 2023 DCG s crypto broker Genesis owes creditors more than 3 bln source www reuters com Reuters Archived from the original on 2023 08 14 Retrieved August 14 2023 a b Crypto giant Genesis files for bankruptcy after FTX collapse www aljazeera com Archived from the original on 8 February 2023 Retrieved 8 February 2023 a b Crypto group DCG says bankrupt unit Genesis creditors renege on deal www reuters com Reuters Archived from the original on 2023 08 14 Retrieved August 14 2023 Genesis Reaches Agreement in Principle with DCG and Key Creditors on a Global Resolution that Optimizes Outcome for Clients and Stakeholders www businesswire com 6 February 2023 Archived from the original on 7 February 2023 Retrieved 8 February 2023 a b Sigalos MacKenzie Goswami Rohan Winklevoss twins crypto exchange Gemini to contribute 100 million to Genesis bankruptcy recovery CNBC Archived from the original on 7 February 2023 Retrieved 8 February 2023 Gemini Pressures Digital Currency Group As Clock Runs Out On Genesis Loan www forbes com Forbes Archived from the original on 2023 08 16 Retrieved 2023 08 22 Gemini says Digital Currency Group missed loan payment www axios com Axios Archived from the original on August 14 2023 Retrieved August 12 2023 Digital Currency Group Closes TradeBlock Institutional Trading Platform www bloomberg com Bloomberg Archived from the original on 2023 06 08 Retrieved August 14 2023 Crypto exchange owned by embattled conglomerate Digital Currency Group loses top global exec www cnbc com CNBC Archived from the original on August 14 2023 Retrieved August 14 2023 a b CoinDesk to be sold in 125 million deal www axios com Axios Archived from the original on 7 August 2023 Retrieved 7 August 2023 Barry Silbert s Digital Currency Group Names Shifke as CFO www bloomberg com Bloomberg Retrieved 7 August 2023 Winklevoss Twins Gemini Sues Crypto Conglomerate DCG Citing Fraud www Bloomberg com Bloomberg Archived from the original on 2023 07 09 Retrieved August 13 2023 DCG Probes Grow as NY Attorney General Seeks Genesis Information www bloomberglaw com Bloomberg Archived from the original on 7 August 2023 Retrieved 7 August 2023 Genesis Creditors Forge New Chapter 11 Deal With Parent Digital Currency Group www wsj com Wall Street Journal Archived from the original on October 27 2023 Retrieved October 7 2023 Genesis DCG reach in principle deal with creditors court filing www reuters com Reuters Archived from the original on 2023 10 31 Retrieved October 7 2023 Digital Currency Group could pay back nearly all money owed to Genesis customers if new agreement approved Fortune Archived from the original on October 31 2023 Retrieved October 7 2023 Asgari Nikou 2023 10 19 New York sues Digital Currency Group Gemini and Genesis over alleged 1 1bn crypto fraud Financial Times Archived from the original on 2023 10 19 Retrieved 2023 10 19 Livni Ephrat 2023 10 19 New York Attorney General Sues Crypto Firms in 1 Billion Fraud Case New York Times Archived from the original on 2023 10 19 Retrieved 2023 10 19 About Our Company Genesis Global Trading Inc genesistrading com Archived from the original on 24 July 2022 Retrieved 24 July 2022 Roberts Jeff John Genesis expands crypto footprint with custody acquisition Fortune com Fortune com Archived from the original on 24 July 2022 Retrieved 24 July 2022 a b c d Vicky Ge Huang 17 August 2022 Crypto Lender Genesis Lays Off 20 of Workforce CEO to Depart The Wall Street Journal ISSN 0099 9660 Wikidata Q115175426 Retrieved 2022 11 22 Yang Yueqi 6 July 2022 Crypto Lender Genesis Confirms Exposure to Bankrupt Three Arrows Capital Bloomberg com Bloomberg Archived from the original on 7 July 2022 Retrieved 24 July 2022 Digital Currency Group Names Murphy President Cuts 10 of Staff www bloomberg com Bloomberg Archived from the original on 2022 11 21 Retrieved August 14 2023 a b Kiernan Paul 17 November 2022 Crypto Lender Genesis Had Sought Emergency Loan of 1 Billion The Wall Street Journal Archived from the original on 18 November 2022 Retrieved 19 November 2022 John Alun Lang Hannah 2022 11 11 Crypto exchange FTX files for bankruptcy as wunderkind CEO exits Reuters Archived from the original on 18 November 2022 Retrieved 2022 11 18 Vicky Ge Huang Patricia Kowsmann Caitlin Ostroff 21 November 2022 Crypto Lender Genesis Asks Binance and Apollo for Cash The Wall Street Journal ISSN 0099 9660 Wikidata Q115366290 Retrieved 2022 11 22 Genesis Global Holdco LLC Kroll Restructuring Administration Kroll Archived from the original on 30 January 2023 Retrieved 2 March 2023 a b Howcroft Elizabeth 2022 05 16 Grayscale to launch digital assets ETF in UK Italy Germany Reuters Archived from the original on 2022 05 16 Retrieved 2022 05 16 Rooney Kate 1 November 2018 Crypto investment firm Grayscale rakes in 330 million this year despite bitcoin bear market CNBC Archived from the original on 17 June 2020 Retrieved 30 June 2020 Salzman Avi 15 October 2019 New Cryptocurrency Fund Finds a Side Door Into Your Brokerage Account Barron s Archived from the original on 17 June 2020 Retrieved 25 June 2020 Paz Javier Will Grayscale Plan To Convert GBTC To A Bitcoin ETF Work Forbes Archived from the original on 2022 08 23 Retrieved 2022 08 23 Casey Michael J 1 March 2015 BIT Poised to Become Publicly Traded Bitcoin Fund Wall Street Journal Archived from the original on 24 May 2016 Retrieved 23 August 2021 Salzman Avi 3 July 2017 Bitcoin and Beyond Barron s 97 27 17 20 Castillo Michael del 20 Institutional Bitcoin Investors Revealed But Soon The List May Vanish Forbes Archived from the original on 2021 03 14 Retrieved 2021 03 18 Roberts Daniel 7 February 2018 Exclusive Grayscale launches new Digital Large Cap Fund tied to 5 top cryptocurrencies Yahoo Finance Archived from the original on 9 June 2020 Retrieved 25 June 2020 Matney Lucas 13 January 2016 CoinDesk Gets Acquired By Digital Currency Group TechCrunch Archived from the original on 18 May 2016 Retrieved 10 May 2016 Roberts Daniel 4 May 2016 The 5 biggest bitcoin and blockchain announcements at Consensus Yahoo Finance Archived from the original on 9 May 2016 Retrieved 10 May 2016 Crypto giant DCG bets 100M to mine Bitcoin in North America Fortune Archived from the original on 2022 08 23 Retrieved 2022 08 23 Robertson Harry Bitcoin mining can be a bridge to a renewable energy future by supporting green projects a leading North American miner says Markets Insider Archived from the original on 2022 08 23 Retrieved 2022 08 23 Sigalos MacKenzie It just got harder and less profitable to mine for bitcoin as algorithm adjusts CNBC Archived from the original on 2022 08 23 Retrieved 2022 08 23 DCG s Bitcoin Mining Firm Foundry to Stop Offering Free Services www bloomberg com Bloomberg Archived from the original on 2023 11 08 Retrieved 7 April 2023 a b Naspers Backed Crypto Luno Acquired by Digital Currency Group Bloomberg com 2020 09 09 Archived from the original on 2022 08 24 Retrieved 2022 08 23 Bitcoin Price Pump Movement Grows Ahead of El Salvador s Adoption Bloomberg com 2021 09 06 Archived from the original on 2022 02 10 Retrieved 2022 08 23 External links edit nbsp Wikimedia Commons has media related to Digital Currency Group Official website Retrieved from https en wikipedia org w index php title Digital Currency Group amp oldid 1210584771, wikipedia, wiki, book, books, library,

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