Digital Currency Group’s Debt Resolution Paves the Way for Crypto Lender Genesis
Digital Currency Group (DCG), a prominent venture capital firm in the cryptocurrency industry, has taken a significant step toward resolving the debt issues of its crypto lending subsidiary, Genesis. Agreement in Principle An agreement in principle has been reached between DCG, debtors, a ...
Dispute Intensifies Between Gemini and Genesis Over $630 Million Missed Payment
Cryptocurrency exchange Gemini reported that Digital Currency Group (DCG), the parent company of Genesis, missed a $630 million payment due to the exchange last week. Gemini and Genesis continue dispute over Gemini Earn program. Genesis' decision to close customer with ...
Winklevoss brothers loan Gemini $100 million after failing to secure outside funding
According to anonymous sources cited by Bloomberg, Cameron and Tyler Winklevoss injected $100 million into their company, Gemini, after being unsuccessful in obtaining external funding. The significance of this amount lies in the fact that it corresponds to the funds that Gemini committed to rest ...