(Bloomberg) -- The squabble between crypto billionaires Cameron and Tyler Winklevoss and Digital Currency Group’s Barry Silbert appears to be over, paving the way for a resolution of one of the industry’s biggest bankruptcies. An emerging accord may end a
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Crypto conglomerate Digital Currency Group reportedly has been selling shares in several crypto trusts at a deep discount, as it strives to raise money to repay creditors of its bankrupt lending arm Genesis.
Digital Currency Group is closing down its institutional trading platform subsidiary at the end of the month, following an unsuccessful effort to sell the business, according to people familiar with the matter. In recent months, DCG had tried to sell the
If the agreement moves forward, it could reduce pressure on creditors of Genesis Global to sell assets at fire-sale prices, slamming crypto prices.
Cameron Winklevoss has extended a “final offer” to Barry Silbert to pay a total debt of US$1.46 billion or risk a lawsuit to be filed against DCG and Silbert.
If the agreement moves forward, it could reduce pressure on creditors of Genesis Global to sell assets at fire-sale prices, slamming crypto prices.
DCG told shareholders in its Q2 financial update that it is close to resolving the claims in the bankruptcy case of Genesis Capital.
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DCG filed a motion seeking the dismissal of crypto exchange Gemini's lawsuit against the firm and its founder Barry Silbert.
According to a new report, Silbert's DCG, which runs the crypto broking agency Genesis, allegedly owes its creditors more than $3 billion.
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Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
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On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Mon,01 Apr 2024