Troubled crypto lender Genesis reportedly owes creditors over $3 billion, which is pushing its parent company DCGco to look at selling some of DCG's venture capital portfolio. By parikshitm899
DCG is considering offloading some of its venture capital portfolio, worth around $500 million, the report said. The sale is part of DCG's effort to raise fresh capital after Genesis stopped withdrawals late last year.
DCG, which is also the parent company of CoinDesk, did not immediately respond to request for comment., and the now bankrupt FTX. However, DCG's assets are illiquid and will likely take some time to sell, the report added. Tensions between DCG and Genesis creditors have been running high with Gemini co-founder Cameron Winklevoss
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
DCG, Gemini Tensions Escalate as Winklevoss Calls for Removal of Barry SilbertThe Winklevoss twins' crypto exchange Gemini escalated its dispute with Digital Currency Group's (DCG) Genesis Global Trading – its partner on a crypto lending product pitched to smaller investors – by terminating a key aspect of their relationship. Lumida CEO and co-founder Ram Ahluwalia weighs in on the latest tensions escalating between DCG and Gemini. DCG is the parent company of Genesis and CoinDesk.
Lire la suite »
Cameron Winklevoss accuses Barry Silbert's DCG and Genesis of fraudWinklevoss twin accuses Barry Silbert's DCG, Genesis of accounting fraud — and say the crypto conglomerate embarked on a 'campaign of lies'
Lire la suite »
Crypto exchange Gemini's Winklevoss urges removal of DCG CEO Barry SilbertCrypto exchange Gemini’s cofounder Cameron Winklevoss on Tuesday called for the removal of Digital Currency Group’s chief executive Barry Silbert.
Lire la suite »
DCG Fiasco Won't Include Lots of Selling: Novogratz Comments on Crypto StateNovogratz believes the DCG debacle will not cause any major price sell-off. He also thinks that firms cutting jobs are doing the right thing.
Lire la suite »
Dutch Crypto Exchange Refuses DCG's Offer to Pay 70% of its DebtBitvavo said that the repayment of just a part of the outstanding amount is 'not acceptable.'
Lire la suite »
Coinbase Crypto Exchange to Cut Nearly 1,000 JobsCoinbase said that it would eliminate around 20% of its staff and enact broad cost cuts, the latest sign of pain in the cryptocurrency industry
Lire la suite »