Gemini-DCG Fiasco May Shape to Be ‘Market Bottom Event’ in 2023
According to the latest edition of Arcane Research, the entire market appears to be stabilizing even though there’s still some uncertainty left.
Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis
Following accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal prosecutors from New York are scrutinizing transfers between Digital Currency Group and its subsidiary, Genesis Global Capital.
Crypto Empire DCG Faces US Investigation Over Internal Transfers
US authorities are digging into the internal financial dealings of Barry Silbert’s expansive crypto empire, according to people familiar with the matter.
Will DCG Insolvency Lead to Another Major Scandal?
The downfall of LUNA and FTX is still hurting the market. Although the total trading volume of crypto slightly rebounded at the beginning of the year, we have also heard bad news.
Crypto Winter Unrivaled As Digital Currency Group Forced To Shut Down HQ
HQ Digital has ceased its operations due to the ongoing crypto winter. The firm was the wealth management division of the Digital Currency Group.
Crypto Conglomerate DCG Closes Wealth-Management Business
Digital Currency Group, the cryptocurrency conglomerate whose Genesis Global Trading division just announced more layoffs, has closed a wealth-management division called HQ Digital.
Larry Summers Gives Up Advisory Role at Crypto Firm DCG Amid Criticism
Larry Summers, the Harvard professor and former top financial advisor during the Obama administration, has cut ties with troubled crypto conglomerate Digital Currency Group (DCG).
Gemini Exchange in Peril: Are the Winklevoss Tweens Going Broke?
After the FTX collapse, everyone is wondering who is next. Will that be Barry Silbert’s DCG or Gemini, the Winklevoss Tweens crypto exchange?
Gemini’s Co-founder Insists DCG Needs to Resolve Liquidity Issues in Open Letter to CEO Barry Silbert
Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47 days since withdrawals from Genesis had been halted. In the letter, Winklevoss claimed that DCG owes $1.675 billion to Genesis. Silbert, however, responded on social media, denying the claim.
Gemini Co-Founder Claims DCG Acted in Bad Faith
Gemini co-founder Cameron Winklevoss stated that DCG’s Barry Silbert has been acting in bad faith. However, Gilbert refuted the allegations and claimed that he has been cooperating with Gemini.
