White Man Always Be in Charge – Little Games Barry Silbert Playing With DCG, Grayscale, and Genesis
Barry Silbert, the man atop this shaky DCG / Genesis / GBTC empire, shows how stereotypes hinder investors’ ability to properly manage risk.
DCG’s CEO Rushes To Reassure Shareholders That Genesis Will Weather the Crypto Winter
DCG’s billionaire founder and CEO, Barry Silbert, has penned a letter to shareholders to calm fears surrounding the situation at Genesis and its potential domino effect on other business entities.
DCG’s CEO Rushes to Reassure Shareholders that Genesis Will Weather the Crypto Winter
DCG’s billionaire founder and CEO, Barry Silbert, has penned a letter to shareholders to calm fears surrounding the situation at Genesis and its potential domino effect on other business entities.
DCG’s Foundry Digital Buying Compute North Facilities Amid Possible Genesis Bankruptcy
DCG's Foundry Digital is buying two cryptocurrency mining facilities and other assets from Compute North. It has an option to acquire a third facility that is under development.
Digital Currency Group Reveals $2B in Liabilities, Including Debt to Its Own Subsidiary
Digital Currency Group (DCG) currently has $2 billion worth of loans according to a letter sent to shareholders today.
Digital Currency Group CEO Downplays FTX Impact on Genesis, Expects $800M Revenue in 2022
Digital Currency Group (DCG) CEO Barry Silbert sent shareholders a memo on Nov. 22 addressing the situation surrounding Genesis’ liquidity. Silbert said the suspension of withdrawals at Genesis’ lending arm Genesis Global Capital was an “issue of liquidity and duration mismatch in the Genesis loan book”. The CEO noted that these issues have “no impact” on Genesis’ spot and derivatives trading or custody businesses. Genesis has hired financial and legal advisers to look at “all possible options amidst the fallout from the implosion of FTX”.
Gemini Is Working With Genesis and DCG on Solution for Earn Redemptions
Gemini said it is working with Genesis and Digital Currency Group in an effort to find a solution that will allow users to redeem their funds from the crypto exchange's Earn product.
Op-Ed: Could DCG Be the Catalyst for Max Pain in the Crypto Markets?
Struggling institutional crypto platform Genesis may be causing parent company DCG a billion-dollar problem that it cannot solve possibly linked to 3AC
Genesis Halts Crypto Lending, Blames ‘FTX Implosion’
The lending division of cryptocurrency asset manager Genesis moved Wednesday morning in New York to put a halt to customer redemptions and new loan originations.
Trading Firm Genesis To Get $140 Million Equity Infusion From Parent Company DCG
Digital Currency Group (DCG), the parent company of crypto trading firm Genesis, is stepping in to provide a $140 million equity infusion to Genesis after it said that its derivatives business had $175 million locked up on the FTX platform.
