Digital Currency Group

On May 1st, CNBC host Ran Neuner tweeted that I heard Digital Currency Group (DCG) is currently actively seeking buyers for Grayscale. They will pay Genesis $500 million in May.
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According to reports, Digital Currency Group (DCG) issued a statement regarding the filing of a mediation motion against Genesis, stating that two months after the parties agreed t

It is reported that after the collapse of Silicon Valley Bank, Signature Bank (SBNY) and Silvergate, Digital Currency Group (DCG) is trying to find new banking partners for portfolio companies. DCG: Santander Bank, HSBC Bank and Deutsche Bank are still willing to provide services for encryption companies Analysis based on this information:According to the recent reports, Digital Currency Group (DCG) is seeking new banking partners for its portfolio companies after the collapse of Silicon Valley Bank, Signature Bank (SBNY), and Silvergate. As most of the crypto and blockchain companies work in a regulatory grey area, finding a banking partner that can support them with their banking needs and understand their requirements is crucial for their sustenance. DCG is a company that invests in the crypto and blockchain ecosystem and has a portfolio of over 150 companies. Some of its notable investments include BitGo, Coinbase, Circle, and Chain. After the sudden collapse of the major banking partners, DCG has realized that…

It is reported that Digital Currency Group (DCG), a cryptocurrency group, reported a loss of US $1.1 billion last year due to the company’s struggling in the collapse of cryptocurrency prices and the restructuring of the lending platform Genesis. DCG said in its fourth quarter investor report, “In addition to the negative impact of the decline in BTC and crypto asset prices, last year’s performance also reflected the impact of the default of Three Arrow Capital (TAC) on Genesis.” DCG report: loss of US $1.1 billion in 2022 Analysis based on this information:Digital Currency Group, a cryptocurrency group, has reported a loss of $1.1 billion in 2018, due to the collapse of cryptocurrency prices and the restructuring of lending platform Genesis. The company has reported that the loss has been compounded by the default of Three Arrow Capital (TAC). The loss is a warning to the cryptocurrency market, and it is likely that some investors will be deterred from investing…

It is reported that Elliptic, a crypto asset risk management company, announced the appointment of two new senior executives. Barry Chubrik, the former chief f…

It is reported that Grayscale\’s Bitcoin Trust (GBTC) is the largest publicly traded Bitcoin fund in the world, and its discount has expanded to close to the hi…