Michael Novogratz said Tuesday that he doesn’t think the tension between Gemini and Digital Currency Group will “involve a lot of selling."
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.
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