Michael Novogratz, chief executive at crypto investment manager Galaxy Digital, said Tuesday that he doesn’t think the tension between digital asset companies Gemini and Digital Currency Group will “involve a lot of selling,” as investors are concerned that bitcoin price might suffer from another blow.“The...
Bitcoin BTCUSD is trading at around $17,276, up 3% for the past seven days while down 58% over the past year, according to CoinDesk data. Crypto lender Genesis has reportedly owed users of Gemini’s Earn product some $900 million, according to the Financial Times. Gemini co-founder Cameron Winklevoss has been slamming Barry Silbert, the founder and chief executive for Genesis’s parent company DCG, for what he calls “bad faith stall tactics.”
In a letter to the board of Digital Currency Group published via Twitter on Tuesday, Winklevoss called for the removal of Silbert as chief executive of DCG.