From a consolidated balance sheet perspective, DCG held total assets of $5.3 billion as of Dec. 31, 2022, the report said. This included cash and cash equivalents of just $262 million. Investment asse...
Tag: Conglomerate
Multinational Conglomerate Siemens Issues Digital Bond on Public Blockchain
The bond was offered directly to investors including DekaBank, DZ Bank, and Union Investment. The procedure allowed for transactions to be carried out far more quickly and efficiently. Siemens, a Germ...
Crypto Conglomerate DCG Halts Quarterly Dividend Payments
Cryptocurrency giant, Digital Currency Group (DCG) has halted its quarterly dividend payments in an effort to conserve cash and improve its balance sheet. DCG, parent company to the struggling cryptoc...
Crypto Mogul Justin Sun Looking to buy Crypto Conglomerate DCG’s Assets
Crypto mogul and blockchain-based platform Tron’s founder Justin Sun, recently discussed plans to buy Digital Currency Group’s (DCG) assets worth $1 billion. DCG is the parent company of Crypto tradin...
Crypto Conglomerate DCG Under Investigation by DOJ and SEC
Cryptocurrency conglomerate Digital Currency Group, or DCG, is reportedly under investigation by the United States Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). The aut...
Crypto Conglomerate DCG Being Investigated by DOJ, SEC: Report
Officials with the U.S. Department of Justice’s Eastern District of New York (EDNY) and the U.S. Securities and Exchange Commission are examining transfers between Digital Currency Group and the...
Facing Litigation And Years-Long Push For Increased Regulation, Conglomerate Ends Production Of PFAS Chemicals
3M factory (Photo by DAVID PINTENS/BELGA/AFP via Getty Images) BELGA/AFP via Getty Images The Environmental Protection Agency describes PFAS, the acronym referring to Per- and Polyfluoroalkyl chemical...
DWF Labs Web3 Conglomerate Launches Office in Korea
Vladislav Sopov DWF Labs, multi-product ecosystem of market-making, OTC, Web3 infrastructure solutions and VC fund, launches its fifth office Contents DWF Labs expands to Korea, top global fintech hub...
SEC Moves The Microscope Under NFT Conglomerate Yuga Labs
The SEC is shifting it’s sights towards NFTs, according to emerging reports hitting the wire on Tuesday. The U.S. regulator is apparently looking into whether to deem NFTs as securities and is explori...
Binance partners with UAE shopping conglomerate Majid Al Futtaim
Even with the latest decline in the crypto market, blockchain technology is rapidly being adopted across the United Arab Emirates with the recent development being a partnership between Binance, one o...
LT Group Appoints Billionaire Lucio Tan’s Grandson To Vice Chairman As Conglomerate Gears Up For Recovery
Philippine Airlines director Lucio Tan III (left) and PAL president and chief operating officer … [+] Stanley Ng (right). Courtesy of Philippines Airlines Billionaire Lucio Tan’s 29-year-old gra...
Conglomerate First in Race to Launch Own Cryptocurrency
The investment arm of one of South Korea’s biggest conglomerates is to issue its own cryptocurrency in a move that could trigger a domino effect. SK Square, part of the SK Group, South Korea’s third-l...
Chemicals-To-Retail Conglomerate Lotte To Buy $150 Million Stake In Korean Car-Sharing Unicorn Startup
Lotte chairman Shin Dong-bin. Chung Sung-Jun/Getty Images Lotte Rental, the rental car unit of South Korean conglomerate Lotte Group, said on Monday it is acquiring a 13.9% stake in car-sharing unicor...