![Tremendous Grift by Kurt wukert Jr Venture capital on Bitcoin and the global economy](https://coingeek.com/wp-content/uploads/2024/07/Tremendous-Grift-by-Kurt-wukert-Jr-380x188.jpg)
The hidden influence of venture capital on Bitcoin and the global economy
Donald Trump will give a big speech at Bitcoin 2024 in Nashville alongside other grifters and sell access as part of a campaign fundraiser among the small blocker elite.
Donald Trump will give a big speech at Bitcoin 2024 in Nashville alongside other grifters and sell access as part of a campaign fundraiser among the small blocker elite.
Digital Currency Group initially attempted to prioritize the repayment of its own losses but was struck down by the courts, arguing it lacked the legal standing to object to the restructuring plan.
Digital Currency Group has issued the results of a new voter survey, claiming one in five registered voters in key 2024 U.S. states say a candidate/party's views on digital assets could sway how they vote come November.
The proposed Gemini-Genesis-Digital Currency Group partnership would rival Coinbase and FTX, but Barry Silbert backpedaled with the suggested merger, citing "catastrophic risks" to the exchanges.
The future of Barry Silbert's "crypto" empire is on the rocks after its losses mounted to over $3 billion as more investors came forward to take down Digital Currency Group over alleged fraud.
Barry Silbert remains mum on his decision to leave his post as chairman of Grayscale on the same day the firm filed an amended version of its application to convert its GBTC into a spot-based ETF.
The New York Attorney General’s charges were targeted at ending Gemini, Genesis, and Digital Currency Group's operations tied to the "purchase and sale of securities and commodities within or from New York."
The digital asset lender has five days from the date of the order to comply by handing over the Securities and Exchange Commission’s requested documents, creating a deadline of October 18.
Testifying before the court, former Alameda CEO Caroline Ellison claims Sam Bankman-Fried "directed" her into committing the crimes, which include siphoning "several billions of dollars" from FTX customers.
The Winklevii argue that their mega-withdrawal from Genesis were personal funds, a claim that has yet to be proven and slammed by Gemini users whose funds were left on the collapsed exchange.
FBI agents interviewed Cameron Winklevoss regarding allegations that Digital Currency Group boss Barry Silbert misrepresented the financial health of DCG’s now-bankrupt lending arm Genesis Global Capital.
The CoinDesk sale is a significant event in the blockchain economy—a wake-up call for the community and a reminder that accountability is essential in any industry, including the blockchain industry.