U.S. authorities are investigating the flow of funds between Digital Currency Group and its Genesis lending subsidiary, according to a report by Bloomberg. Federal prosecutors in the Eastern Di...
Tag: Currency
Digital Currency Group Winding Down Wealth-Management Division
Alex Dovbnya Financial turbulence at the company has been simmering since November, when crypto exchange FTX filed for bankruptcy Digital Currency Group (DCG), the crypto behemoth that such major cryp...
Digital Currency Group Closes its Wealth Management Business
The parent of Grayscale and Genesis – Digital Currency Group to shut down its wealth management division by Jan. 31. The crypto winter swallowed yet another business as the holiday season ended and 20...
Crypto winter unrivaled as Digital Currency Group forced to shut down HQ
HQ Digital has ceased its operations due to the ongoing crypto winter. The firm was the wealth management division of the Digital Currency Group. The after-effects of 2022’s crypto winter seem to ha...
Digital Currency Group closes wealth management branch
Digital Currency Group, founded by Barry Silbert, is winding down its wealth management department. The news comes as its subsidiary, Genesis, is laying off staff. DCG, the parent company of the probl...
Thailand NFT Market Intelligence and Future Growth Dynamics Databook 2022: 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels 2019-2028 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Thailand NFT Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels – Q2 2022” report has been added ...
Digital Currency Group (DCG) Shuts Downs Wealth Division Unit
Genesis has been experiencing significant liquidity difficulty since the FTX crash. Co-founder of Gemini recently addressed an open letter to DCG CEO. Digital Currency Group (DCG), Genesis Global’s pa...
Silvergate Ditches Its $196 Million Digital Currency Plan
In February of last year, Silvergate officially announced the purchase of Diem Group, a Facebook-affiliated company along with its intellectual property & other technological assets necessary to o...
Genesis owner Digital Currency Group shuts down wealth management subsidiary
Digital Currency Group (DCG) is shutting down its wealth management subsidiary HQ Digital, The Information reported Jan. 5, citing an internal memo. According to the report, HQ Digital halted operatio...
The Block: Digital Currency Group to shutter wealth management unit: The Information
Barry Silbert’s Digital Currency Group is shuttering HQ Digital, a subsidiary focused on wealth management that it launched last year. DCG, parent of troubled crypto broker and lender Genesis Tr...
Latin America NFT Market Intelligence and Future Growth Dynamics Databook 2022: 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels 2019-2028 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Latin America NFT Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels – Q2 2022” report has been a...
Nigerian Crypto Exchange Roqqu Gets European Union Virtual Currency License – Regulation Bitcoin News
The Nigerian crypto exchange Roqqu recently announced that it obtained a virtual currency license that allows it to offer its services in 28 European countries. According to Israel Ololade, the head o...
Poland NFT Market Intelligence and Future Growth Dynamics Databook 2022: 50+ KPIs on Key Assets, Currency, Sales Channels 2019-2028 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Poland NFT Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels – Q2 2022” report has been added to...
Three Arrows Capital Co-Founder Su Zhu Says Digital Currency Group and FTX Conspired To Attack Terra (LUNA)
The co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC) has launched a flurry of accusations despite facing legal scrutiny of his own. Zhu Su claims that the Digital Currency Group (DC...
Currency Expert Explains Why Altcoins Experience More Carnage Than Bitcoin And Ethereum
As the current bear market in crypto continues to deepen, Bitcoin has fallen by 78%, and Ethereum by 82%. Yet elsewhere in the crypto market, many altcoins are down by as much as 96% or more. In a re...
Syrian Central Bank Devalues Local Currency by Nearly 50% – Economics Bitcoin News
The Syrian central bank recently announced the nearly 50% devaluation of the Syrian pound’s exchange rate versus the greenback from 3,015 per dollar to 4,522 per dollar. The central bank also warned c...
Digital Currency Group gets Jan. 8 deadline to resolve Gemini earn issues
Gemini co-founder Cameron Winklevoss accused Digital Currency Group (DCG) CEO Barry Silbert of bad faith tactics over the $900 million debt owed by Genesis trading to Earn users. In a Jan. 2 open lett...
‘There are no dollars’: foreign currency crunch hits Egypt’s economy
With foreign currency in short supply in Egypt, Rafik Clovis spent December anxiously waiting to find out whether his bank would be able to provide the $67,000 he needed to fund the import of a consig...
Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability
Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have on the stability of the exchange ma...
Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability – Economics Bitcoin News
Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have on the stability of the exchange ma...
Monero Price Prediction: Will XMR Continue To Be The Leader Of Private Crypto Currency In 2023?
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Nigerian Central Bank Spent Over $1.8 Billion Managing Local Currency – Economics Bitcoin News
During her appearance before Nigerian lawmakers, Aisha Ahmad, the deputy governor of the Central Bank of Nigeria (CBN), told lawmakers that out of the nearly $1.8 billion used to manage the local curr...
Digital Currency Group (DCG): We’re in Good Shape
With the fall of FTX and so many other issues plaguing the digital currency world, many are wondering what the fate of the Digital Currency Group (DCG) in Connecticut will be. The organization is argu...
California Establishes New Site Discussing Digital Currency Dangers
The California Attorney General’s office is launching a new website warning people of the risks that come with digital currencies. California Is Warning Traders About Crypto’s Dangers California says ...
Consumers are crypto-curious — One in five own digital currency: Accenture
Over the last year, the crypto space has endured lasting market volatility and scandals, which have negatively affected consumer trust in the industry. However, an end-of-the-year report from Accentur...
Alaska adds ‘virtual currency’ to its regulatory regime
From Jan. 1, 2023, the term “virtual currency” will take its place in the money transmission regulations of Alaska. It will oblige the companies dealing with digital currencies to obtain a money trans...
Dutch Bitcoin Exchange Bitvavo Alleges Digital Currency Group Is Having ‘Liquidity Problems’
Dutch cryptocurrency exchange Bitvavo says it has 280 million Euros ($297 million in USD) stuck with Digital Currency Group (DCG), or 17.5% of the $1.6 billion Euros Bitvavo says it manages in deposit...
Ghanaian Cedi Appreciates by More Than 30% in 4 Days — Currency Recovery Follows IMF Loan Announcement – Economics Bitcoin News
Just a few months after it became the world’s worst-performing currency, the Ghanaian cedi’s exchange rate versus the U.S. dollar bounced back from just over 14 units per dollar on Dec. 1, to 8 units ...
ECB slows rate hikes, but signals it’s far from done
The European Central Bank delivered a half-point rate increase Thursday, slowing the speed of its monetary tightening after a pair of larger rate moves. But policy makers emphasized that market partic...