News
The seven-member committee will represent the creditors in court, having the right to participate in the reorganization plan.
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Digital Currency Group News
Digital Currency Group, Inc. is a venture capital company that specializes in cryptocurrency, digital currency and blockchain markets. Digital Currency Group was launched by Barry Silbert in 2015 and is headquartered in New York, U.S. The portfolio of Digital Currency Group’s investments includes such projects as Bitpay, Blockstream and Coinbase. The long-term development of blockchain implementation into banking, IT and fintech industries is stated as a top priority of the Digital Currency Group’s investments. The company believes that Bitcoin and blockchain are game changers in the current social and economic structure of the world and tries to help technology-driven startups accelerate their evolution and development for the purpose of providing new opportunities for the mass consumer.
- Markets News
The crypto market is down today as Bitcoin and stocks correct and investors await Powell’s comments on the size of the next interest rate hike and the health of the US economy.
150887 - News
It was a tough month for crypto employees, with at least 14 firms announcing staff reductions, including Coinbase, Gemini, Digital Currency Group, ConsenSys and Blockchain.com.
5052 - News
Osprey alleges its only competitor on the BTC OTC trust asset market gained its 99.5% market share by misrepresenting the likelihood of its trust becoming an ETF.
5880 - Opinion
Genesis CEO Barry Silbert should have come clean after FTX imploded. Instead, he’s still deflecting responsibility for his company’s bankruptcy.
6088 - News
Cryptocurrency exchange Luno fired 330 employees on Jan. 25, joining other DCG companies in cutting headcounts.
4909 - Markets News
Bitcoin price is down today after reaching a 2023 high above $23,300. Was the rally a bull trap and what will it take for BTC to regain its bullish momentum?
66217 - News
Amid Genesis going through its first bankruptcy hearings, a group of creditors have slapped the firm with a new class action lawsuit.
8787 - News
A lawyer for Genesis is optimistic the crypto lending firm can resolve creditor disputes before the week is out and exit bankruptcy proceedings within four months.
6765 - Market Analysis
Ark's GBTC weight in the portfolio actually increased despite the fund selling 500,000 shares in the past month.
8735 - News
The first hearing in Genesis Capital’s bankruptcy case will be held on January 23, according to court filings.
19148 - News
A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection.
5742 - Newsletter
FTX's debtors are applying "Herculean" effort to unearth the exchange's remaining assets. Meanwhile, Sam Bankman-Fried claims FTX US is solvent.
6651 - Opinion
Genesis, a subsidiary of Barry Silbert's Digital Currency Group, filed for Chapter 11 bankruptcy on Jan. 19. Its default could have big implications for the crypto industry.
9950 - News
The community questioned Bybit’s timing in revealing their exposure, with many demanding proof to back up the reassurance from the CEO.
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