BlackRock’s spot BTC ETF is still a long shot
The digital asset market has its optimism renewed following BlackRock's application to start a spot BTC ETF, but with ETFs' grim history with the SEC, this could prove to be a long shot for the firm.
Latest Digital Currency Group News
SEC asked to help butcher Digital Currency Group’s cash cow
GBTC could soon be scrutinized by the U.S. SEC as Rep. Brad Sherman urges Commission chair Gary Gensler to look into the firm's actions and safeguard funds trapped under the investment vehicle.
US taxman seeks $44 billion from what’s left of FTX/Alameda
The $44 billion claims sought by the IRS target the collapsed crypto empire of SBF, including entities such as West Realm Shires, Ledger Holdings, Paper Bird, and North Dimension, among others.
FTX’s Sam Bankman-Fried seeks dismissal of charges; DCG’s Barry Silbert on the ropes
Sam Bankman-Fried appears to concede that charges of fraud and money laundering filed against him have merit as his attorneys filed pretrial motions to dismiss 10 of the 13 charges by the U.S. Department of Justice.
Digital Currency Group’s Luno exchange cuts off Singaporean users
After laying off 35% of its staff in January, Luno is now ceasing its services in Singapore amid increased regulatory scrutiny in the city-state.
It’s a Bitcoin conspiracy
A conspiracy theory is a rollercoaster ride where you're never quite sure what's fact or fiction. But a great many conspiracy theories do indeed end up being revealed to be true, and this is where real investigative journalism is needed, Kurt Wuckert Jr. writes.
Alameda sues Grayscale, Digital Currency Group and Barry Silbert over GBTC mismanagement
The complaint accuses Grayscale and Digital Currency Group of “brazen abuse of their control over nearly $19 billion of digital assets held in two trusts to enrich themselves at the expense of trust shareholders.”
Brutal layoffs continue in the digital currency industry—is this the worst bear market yet?
Only two months since entering 2023, thousands have been laid off in the digital currency industry, but hopes of a bull market remain, though it may not likely be the same as before.
Digital Currency Group’s Genesis bankrupt lending platform seals creditor deal
Winklevoss twins announced that Gemini had "reached an agreement in principle" with Genesis Global Capital, DCG, "and other creditors on a plan that provides a path for Earn to recover their assets."
Gemini lied about FDIC insurance in emails to Earn customers: report
In legally ambiguous and vague language, Gemini repeatedly told its customers that funds were FDIC-insured, giving them false hope that their money was safe.
Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible
Jenner & Block attorney Shoba Pillay, the bankruptcy court-appointed examiner of the collapsed Celsius crypto lending platform, released a 689-page report into the history of the Celsius fraud.
Barry Silbert was bullish on Bitcoin BSV—even in 2014
Barry Silbert was bullish on bitcoin in 2014; however, in 2017-2022, he turned to a multi-chain and speculation/trading-based investment strat, leading to one of the major bankruptcies of this bear market.