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The Latest Breaking News from Barry Silbert

Over 98% of stablecoins are dollar backed. That's good for the U.S.—until it's not

Crypto billionaire says growing global demand for U.S. dollar-backed stablecoins will tempt the government to print more money.

Fortune

Bittensor, the AI-linked cryptocurrency founded by a former Google engineer, just halved its supply. Here’s what that means

The mechanics of Bittensor mirror those of Bitcoin, the world’s largest cryptocurrency.

Fortune

Billionaire Barry Silbert says he hasn’t been this excited about a crypto project since discovering Bitcoin

“In the way that the internet was the world wide web of information, Bittensor is creating the world wide web of intelligence,” said Silbert during Fortune’s Brainstorm Tech conference on Tuesday.

Fortune

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Is there a crypto bubble? Yes, says CEO of $15 billion exchange Kraken

Arjun Sethi said he’s bullish long term but believes we’re in a short-term hype cycle.

Fortune

Bitcoin billionaire Barry Silbert talks about his next big bet—on 'decentralized AI'

Silbert will be CEO of Yuma, a new DCG subsidiary focused on the AI ecosystem tied to Bittensor blockchain.

Fortune

Grayscale CEO Michael Sonnenshein Steps Down, Replaced By New Goldman Sachs Exec

Grayscale Investments, the muscle behind GBTC, sees CEO Michael Sonnenshein out and ex-Goldman Sachs exec Peter Mintzberg stepping in on August 15th.

International Business Times

Goldman Sachs head of strategy Mintzberg to replace Sonnenshein as Grayscale CEO

Michael Sonnenshein spent 10 years at Grayscale. He's set to step down effective Aug. 15.

Fortune

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Digital Currency Group, CEO Barry Silbert Move To Dismiss New York AG Lawsuit

DCG and its CEO have filed motions to dismiss the case filed by New York's attorney general, saying the allegations made in the complaint were mischaracterizations of a company that was supporting its subsidiary in good faith when it was financially troubled.

International Business Times

Here are the biggest crypto stories of 2023

In 2023, crypto industry onlookers were shocked by high-profile arrests and Sam Bankman-Fried’s trial but also given hope by a flurry of spot Bitcoin ETF applications and rebounding prices.

Fortune

Grayscale Surrenders To SEC's Preferred Creation/Redemption Model, Submits Amended Bitcoin ETF Application Following Silbert's Resignation

Like BlackRock and ARK, Grayscale also initially said it would use the in-kind creation and redemption model on its spot Bitcoin ETF. But as Wall Street giants ironed out details with the regulator – probably looking to be a part of the first wave of applications to be approved by…

International Business Times

Barry Silbert Steps Down As Grayscale Investments' Chairman Of The Board

Silbert, who is the CEO of the Digital Currency Group -- the parent company of Grayscale -- resigned from his post effective Jan. 1, 2024.

International Business Times

New York attorney general hits Gemini, Genesis, and Digital Currency Group with lawsuit for defrauding investors of more than $1 billion

Letitia James’s action adds to the legal headaches for the reeling crypto heavyweights.

Fortune

DCG floats 110% recovery for Gemini Earn clients—an offer that may be hard for the Winklevii to refuse

More than 300,000 retail customers have had their accounts frozen for nearly year.

Fortune

Grayscale is on the cusp of winning Bitcoin’s biggest prize—but Wall Street’s big dogs could snatch it away

Grayscale's CEO has been planning a Bitcoin ETF for years—but now legal troubles and new interest from blue chip companies mean a competitor could sew up the market.

Fortune

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Fortune

Lunch comments led to a Winklevoss ‘character assassination’ campaign, DCG claims

DCG punched back at claims by the Winklevoss twins in an ongoing lawsuit over the demise of Earn.

Fortune

The ugly spat between the Winklevii and Barry Silbert just got uglier

Gemini made good on its promise to sue DCG. The lawsuit might be fair, but it’s not a good look for the industry.

Fortune

Crypto lending arm of Genesis and parent company DCG seek mediator after creditors allegedly challenge restructuring plan

The motion complicates a bankruptcy case that seemed well on its way to being resolved two months earlier.

Fortune

Why Barry Silbert and the Winklevoss twins are now damaged goods

The men made the crypto industry what it is today but now they are damaged goods.

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Fortune

Genesis, DCG reach initial deal with main creditors

The creditors who came to terms with the lending arm of Genesis and DCG are owed approximately $2.4 billion out of the total $3.4 billion the company reportedly owes.

Fortune

There’s a wild theory that the price of Bitcoin is being propped up—and the academic who proved manipulation in 2017 suspects it may be happening again

Bitcoin's sudden stability is “very suspicious” says John Griffin, finance professor at the University of Texas McCombs School of Business. “The same mechanism we saw in 2017 could be at play now in the still unreal Bitcoin market.”

Evening Standard

Crypto woes intensify after lender Genesis files for bankruptcy

The firm formed part of the empire of billionaire Barry Silbert

Fortune

SEC accuses Gemini and Genesis of selling unregistered securities

The complaint heightens weeks of turmoil between two of crypto's top companies.

Fortune

Genesis is on the hook for $3 billion

The Financial Times also reported that Genesis has a portfolio valued at $500 million.

Fortune

Winklevoss-Silbert feud reaches new heights

If Winklevoss' accusations are true, Silbert could be in trouble. But that's a big "if."

Fortune

DCG's Silbert fishes for sympahy in crypto row with Winklevoss twin

Instead of the heady days of the Fed-induced asset bubble, times have been personally and professionally tough for the owner of crypto lender Genesis.

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