Barry Silbert

The lending unit of crypto firm Genesis filed for U.S. bankruptcy protection from creditors on Thursday, following the dramatic market downturn that has affected other crypto giants such as FTX (CRYPTO: FTT) and BlockFi.  What Happened: Genesis' lending unit...

Digital Currency Group (DCG) has announced that it is suspending all dividend payments to its shareholders until further notice.  What Happened: According to the letter to shareholders seen by Bloomberg, the move comes as a result of contagion in the crypto space brought on by the bankruptcy...

A popular crypto analyst recently declared that Gemini (CRYPTO: GUSD) is not involved in any shady dealings — they're simply "losers." What Happened: Ki Young Ju, co-founder of CryptoQuant, a crypto analysis platform, revealed that only $9 million Gemini is sitting on...

Institutional investor Digital Currency Group has revealed it owes Genesis, a digital currency lending firm, $447.5 million and an additional $78 million in Bitcoin (CRYPTO: BTC). These debts are set to mature in May of this year and come in addition to an outstanding promissory note. DCG...

Cameron Winklevoss, co-founder and president of crypto exchange Gemini (CRYPTO: GUSD) and Winklevoss Capital, posted an open letter to cryptocurrency fund Digital Currency Group, or DCG. What Happened: The intent of the missive, to DCG and all of Twitter, was to expose what Winklevoss deems...

The world's largest Bitcoin fund, the Grayscale Bitcoin Trust (OTCQX: GBTC) surged on Monday, outperforming all other risk assets including Bitcoin (CRYPTO: BTC), as a weekend deadline to resolve a key issue with crypto lender Gemini passed by without...

Federal prosecutors in New York, along with the U.S. Securities and Exchange Commission, are investigating Digital Currency Group (DCG) for possible wrongdoing involving internal transfers at its lending subsidiary, Genesis. DCG has reportedly received requests for documents and interviews by...

Digital Currency Group CEO Barry Silbert has refuted Gemini co-founder Cameron Winklevoss's allegations that his venture capital company owes hundreds of millions to the cryptocurrency platform. What Happened: Winklevoss said on Monday that DCG parent...

Cryptocurrency entrepreneur Cameron Winklevoss has accused Barry Silbert, another businessman, of using "bad faith stall tactics" in an attempt to resolve a dispute between their two companies that arose from the collapse of FTX. Winklevoss's company, Gemini Trust Co., had offered...

Ethereum Classic (CRYPTO: ETC), is up 5% topping intraday gains, outpacing the movement seen on the second-largest cryptocurrency Ethereum (CRYPTO: ETH). What Happened: At the time of writing, ETC was trading at $16.46.  Santiment, a blockchain analysis firm, recently posted a tweet...

Cathie Wood believes digital-asset manager Grayscale Investments is the cash cow of Barry Silbert’s once-$10 billion Digital Currency Group conglomerate, according to a Bloomberg report. “We know that the Grayscale Investment trusts are the most valuable part of that company right now,...

Ethereum Classic (ETC) is the inheritor of the original Ethereum blockchain. The cryptocurrency came into being after a contentious hard fork dating back to July 2016.  After the hard fork, Ethereum split into ETC and Ethereum (CRYPTO: ETH). The ETC project describes itself as a “...

CEO and founder of Digital Currency Group (DCG) Barry Silbert said Grayscale Investments is suing the U.S. Securities and Exchange Commission.  What Happened: Grayscale, which is owned by DCG, is challenging the decision by the SEC to deny the conversion of Grayscale Bitcoin Trust (OTC: GBTC)...

In a recent tweet, Founder and Chief Executive Officer of Grayscale DCG, Barry Silbert compared cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Ripple (CRYPTO: XRP), and Zcash.  In the tweet, he likened each of the cryptocurrencies to a particular rock band, but left...

The Digital Currency Group (DCG) has completed a $700 million investment round from high-profile investors such as SoftBank Group Corp - ADR (OTC: SFTBY) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL). What Happened: According to a report from The Wall Street Journal, DCG’s $700 million...