The Digital Currency Group and its affiliates (DCG), which manages $296.7 million (280 million euros) in deposits and digital assets of crypto exchange Bitvavo for off-chain staking services, suspende...
Tag: DCG
Bitvavo unable to access 280 million euros held at DCG
Dutch cryptocurrency exchange Bitvavo said it can’t access 280 million euros ($297 million) held at Digital Currency Group, according to a company blog post.Bitvavo also said the U.S.-based Digital Cu...
Alameda-Genesis Relationship Risks DCG Bankruptcy, Claims Messari Founder
Crypto research firm Messari’s founder Ryan Selkis on Monday said Genesis and Alameda had bad loans and intertwined crypto borrower-lender relationships. FTX and Alameda bankruptcy could risk Genesis ...
Genesis liquidation could force DCG bankruptcy
Haseeb Qureshi, the Managing Partner at Dragonfly Capital, discussed the potential consequences of Genesis going into liquidation on a recent episode of Unchained’s “The Chopping Block.” 1/ On a recen...
Crypto Winter Unwind Still Has Legs To Run And Run
Bitcoin crypto currency bull market getty Are there any perma-bulls left in crypto? There don’t seem to be many left so I must admit to wanting to buy bitcoin now, but I am not going to because there ...
Breaking: Gemini Exchange Owed Nearly $1 Billion By Genesis, DCG
Gemini Genesis News: Crypto exchange Gemini appears to be the latest victim of the contagion from FTX collapse, followed by adverse effects for BlockFi, Genesis and the Digital Currency Group (DCG). E...
GBTC’s near $11 billion assets under management pose a risk in the bear market: UBS
Your size is not Grayscale’s size Grayscale’s size can be extremely problematic in a bear market, Kachkovski said. Any sale would widen the GBTC discount further but not necessarily affec...
All about DCG, its subsidiaries, and why investors shouldn’t fret over liquidation
Recent developments around the Digital Currency Group (DCG) led to widespread speculation about its future of its star subsidiaries. These include Genesis Global Trading and more importantly Grayscale...
Highlights of $2B Debt on Grayscale Parent Company DCG, BTC Value Wavers
$2 billion of debt over Grayscale Parent Company, DCG Know what founder Barry Silbert said about the recent situation. At the time of writing, BTC is trading at the market price of $16,615.99. DCG on ...
DCG CEO Reacted On Recent FTX Chapter 11 Bankruptcy
The FTX Chapter 11 bankruptcy is a barrier to upcoming digital currencies in the crypto market. In the past two weeks, crypto users have been affected due to price fluctuations in the crypto market. M...
DCG Subsidiary to Acquire Bitcoin Mining Facilities and Other Assets From Compute North
Digital Currency Group’s subsidiary and crypto mining firm Foundry Digital plans to acquire two turnkey crypto mining facilities in the United States from the embattled Bitcoin miner Compute North. In...
DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North – Bitcoin News
Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept...
Silbert downplays liquidity crisis, expects $800M revenue in 2022 for DCG
Following rumors of potential contagion from FTX, Digital Currency Group (DCG) CEO Barry Silbert sent shareholders a memo on Nov. 22 addressing the situation surrounding Genesis’ liquidity. A potentia...
Gemini is working with Genesis and DCG on solution for Earn redemptions
Gemini said it is working with Genesis and Digital Currency Group in an effort to find a solution that will allow users to redeem their funds from the crypto exchange’s Earn product. Gemin...
Here’s What A Reg M Will Entail For Genesis, DCG And Bitcoin
After Genesis Trading’s lending arm shut down its services last week, the rumor mill started buzzing about a possible bankruptcy of Digital Currency Group (DCG). Especially hot are the rumors that Gra...
Genesis warns of possible bankruptcy without funding: Bloomberg
Genesis is having a hard time raising cash for its lending unit, and it is warning potential investors it could possibly file for bankruptcy if it is unable to do so, Bloomberg reported, citing people...
Grayscale’s GBTC discount to NAV hits record low
In the wake of FTX’s meltdown, one of the crypto market’s most popular financial products continues to feel the pressure. Grayscale’s Bitcoin Trust — a product that offers bitc...
D-Day Looms For Bitcoin – Are DCG / Genesis Going Bankrupt?
The question of whether Genesis Trading and Digital Currency Group (DCG) will go bust currently hangs over the crypto and Bitcoin market like a sword of Damocles. In the event of bankruptcy, DCG could...
FTX collapse leads to contagion, equities hit hardest
Crypto markets and equities tied to the industry felt the pressure last week as the situation around crypto exchange FTX continued to unravel. Bitcoin was changing hands at around $16,550 at 2:1...
Could DCG be the catalyst for max pain in the crypto markets?
Following the recent collapse of FTX, the fallout spread to Genesis, which had already been bailed out by parent company Digital Currency Group (DCG) earlier this year following the failure of Three A...
Crypto Investment Firm DCG Gives $140M Equity Infusion to Trading Firm Genesis
“While the operation of our lending and trading businesses has not been impacted by recent market events, Genesis has taken steps to strengthen its balance sheet with an additional equity infusion of ...
Trading firm Genesis to get $140 million equity infusion from parent company DCG
Digital Currency Group (DCG), the parent company of crypto trading firm Genesis, is stepping in to provide a $140 million equity infusion to Genesis after it said that its derivatives business had $1...
Layoffs sweep crypto as economic concerns mount; Dapper Labs, Bitmex among hardest hit
Crypto layoffs have continued into November. The industry faces not only an ongoing bear market marked by depressed digital asset prices, but also a tough macroeconomic environment where inflati...
Galaxy Digital, BitMex, DCG announce staff cuts
Crypto companies Galaxy Digital, BitMex, and Digital Currency Group (DCG) announced staff cuts to deal with the adverse state of the market, according to crypto reporter Wu Blockchain. Layoffs Galaxy ...
After Cardano (ADA), DCG Subsidiary Luno Adds Support for Solana (SOL)
Alex Dovbnya Cryptocurrency exchange Luno has listed Solana (SOL) cryptocurrency shortly after adding Cardano (ADA) Cryptocurrency exchange Luno has added support for Solana (SOL), according to a Thur...
Kwil Receives $9.6M in Funding from FTX Ventures and DCG
Decentralized database solutions Kwil has received a $9.6 million fundraise from crypto venture capital firms FTX Ventures and Digital Currency Group (DCG) according to a filing lodged with the United...
dWallet Labs raises $5M in pre-seed round led by DCG and Node Capital
dWallet Labs, a blockchain security company building protocols and projects on the decentralised layer1 platform Odsy Network, has raised $5 million in its pre-seed funding round. Digital Currency Gr...
Genesis CEO Michael Moro steps down from role effective immediately
Genesis Trading’s chief executive officer Michael Moro is no longer with the cryptocurrency firm, according to a release shared on Wednesday. Effectively immediately Michael Moro is stepping do...