Digital Currency Group

Brutal layoffs continue in the digital currency industry—is this the worst bear market yet?
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2 March, 2023

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...
Digital Currency Group’s Genesis bankrupt lending platform seals creditor deal
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7 February, 2023

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...
Gemini lied about FDIC insurance in emails to Earn customers: report
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3 February, 2023

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...
Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible
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2 February, 2023

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...
Barry Silbert was bullish on Bitcoin BSV—even in 2014
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27 January, 2023

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,...
Digital Currency Group-owned exchange Luno axes 35% of staff
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27 January, 2023

Digital Currency Group-owned exchange Luno axes 35% of staff

It's estimated that the firm will cut 330 jobs, mostly in its marketing department, giving some insight into how industry...
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