dcg
Grayscale Investments Parent Company DCG Invests $100 Million Into Bitcoin Mining
Grayscale parent company DCG has announced its entry into Bitcoin mining.
Digital Currency Group Raises $700M at $10B Valuation
The Digital Currency Group (DCG) has announced its latest secondary share sale in which it pulled about $700 million in funding.
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 States Securities and Exchange Commission (SEC)
DCG Challenges Genesis Capital's Bankruptcy Plan for Overcompensation
DCG opposes Genesis Global Capital's bankruptcy plan, citing legal violations and ethical concerns over asset valuation and creditor compensation in the volatile crypto market.
Digital Currency Group Suspends Payouts To Maintain Liquidity
Digital Currency Group (DCG) has suspended quarterly dividend payments. Genesis Global Trading, a crypto broker company, causes financial troubles. Genesis stopped withdrawals on Nov 16.
Grayscale withholds on-chain reserve evidence for security reasons
Cryptocurrency investment product provider Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products. The company cited "security concerns" in a Nov. 18 Twitter thread addressing investor concerns. Pressure mounts for crypto firms to introduce proof of reserve after FTX's liquidity issues and subsequent bankruptcy.
Bitvavo Rejects DCG's 70% Debt Repayment Offer
DCG's partial debt repayment plan was rejected by Bitvavo. The Dutch crypto exchange said it has adequate resources to keep servicing consumers. On Jan. 10, Cameron Winklevoss publicly accused DCG CEO Barry Silbert of fraud.
Genesis hires a bankruptcy avoidance specialist
GGC restructured. Moelis & Company is engaged. Voyager Digital declared bankruptcy on July 1, triggering ICO flood fears. Genesis Global Trading ceased lending. Insolvency and "unprecedented market turmoil" halted FTX. Grayscale Investments, Digital Currency Group's parent, predicts $800 million in 2022 sales.
SEC Lawsuits Target Multiple Tokens: DCG Founder Points Out Absence of PoW Cryptos
In an unfolding legal battle against two major cryptocurrency exchanges, Coinbase and Binance, the United States Securities and Exchange Commission (SEC) has declared various tokens as securities.
World Economic Forum Paves Way for Global Crypto-Asset Regulation
The World Economic Forum (WEF) recently published a white paper titled "Pathways to the Regulation of Crypto-Assets: A Global Approach," advocating for a collaborative approach towards crypto regulation on a global scale.
Core Scientific Partners with Foundry in Financing Deal up to $23 Million
The financing from Foundry will enable Core Scientific and its clients to continue shifting global mining operations to North America
Bitmain Partners With Digital Currency Group's Foundry to Fuel Crypto Mining Business in North America
Crypto mining giant Bitmain has announced that it will be partnering with crypto mining firm Foundry to extend its services to North America.
What is Grayscale Bitcoin Trust (GBTC)?
The Grayscale Bitcoin Trust is an investment vehicle that is designed to enable investors to trade Bitcoin shares without actually owning BTC.
Crypto Going Public in 2021—Three Crypto Giants Set to Take On Wall Street
As Bitcoin and cryptocurrency continue to rise as an investible asset class, three giants of crypto have announced plans to go public in 2021 and take Wall Street by storm.
Tesla's Biggest Drop Indicates a Stock Market Downtrend—Implications for the Bitcoin and Crypto Market
Yesterday, Tesla stocks plunged dramatically, suffering their biggest loss since going public.