Digital Currency Group
Coverage of Digital Currency Group in the Nexus archive.
- Crypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE
Digital Currency Group (DCG) urged the U.S. Senate to pass the Clarity Act, warning that failure to establish clear crypto regulations risks losing competitive ground to jurisdictions like Singapore and the UAE. The bill, which has bipartisan support but faces Democratic criticism, aims to provide regulatory certainty for the industry while addressing concerns from lawmakers and banking officials.
- Zcash Miner Fortitude Powers Up Nebraska Facility as It Eyes Public Listing
Zcash Miner Fortitude, owned by Digital Currency Group, has launched its first greenfield mining facility in Nebraska to reduce costs and support plans for a public listing.
- Judge revives fraud claim against Barry Silbert, DCG in Genesis Yield lawsuit
A judge has revived a fraud claim against Barry Silbert and Digital Currency Group (DCG) in a class action lawsuit involving Genesis Yield, a lending program that allowed customers to deposit cryptocurrency for interest payments. The lawsuit alleges fraudulent practices related to the program's operations.
- Barry Silbert’s Zcash miner proposes merger, sends Nasdaq stock soaring despite rough month for ZEC
Fortitude Mining, a subsidiary of Digital Currency Group, proposes to merge with HeartSciences Inc., a small-cap Nasdaq-listed company. The merger announcement caused Nasdaq stock to rise despite a challenging period for ZEC.
- Pantera Capital Urges Satsuma to Dump All Bitcoin as Shares Collapse 99%
Pantera Capital is urging Satsuma Technology to liquidate its 646 BTC holdings amid a 99% collapse in the company's share price. The crypto firm, holding 6-7% of Satsuma, joins investors pushing to wind down Bitcoin positions as the stock's value fell below its digital asset holdings. Satsuma's leadership is reviewing options while facing governance concerns and prior criticisms over debt repayment strategies.