Digital Currency Group

Connecticut-based cryptocurrency giant Digital Currency Group (DCG) reported on Monday a loss of $1.1 billion in 2022 due to a decline in cryptocurrency prices and the restructuring of Genesis, its lending platform. What Happened: According to the company's fourth-quarter investor...

Coin Cloud, a Las Vegas-based company that operated more than 4,000 Bitcoin ATMs in the U.S. and Brazil, declared Chapter 11 bankruptcy. The court filing estimated the company's liabilities to be between $100 million and $500 million, with Genesis Global Trading, a subsidiary of...

Crypto company Digital Currency Group (DCG) is selling stakes in some of its investment funds at a steep discount to raise capital, as it tries to pay back creditors of its bankrupt lending unit Genesis, Financial Times reported, citing U.S. securities filings. The sale of the shares in several of...

Digital Currency Group (DCG) has announced that it is suspending all dividend payments to its shareholders until further notice.  What Happened: According to the letter to shareholders seen by Bloomberg, the move comes as a result of contagion in the crypto space brought on by the bankruptcy...

Institutional investor Digital Currency Group has revealed it owes Genesis, a digital currency lending firm, $447.5 million and an additional $78 million in Bitcoin (CRYPTO: BTC). These debts are set to mature in May of this year and come in addition to an outstanding promissory note. DCG...

Digital Currency Group CEO Barry Silbert has refuted Gemini co-founder Cameron Winklevoss's allegations that his venture capital company owes hundreds of millions to the cryptocurrency platform. What Happened: Winklevoss said on Monday that DCG parent...

Ethereum Classic (CRYPTO: ETC), is up 5% topping intraday gains, outpacing the movement seen on the second-largest cryptocurrency Ethereum (CRYPTO: ETH). What Happened: At the time of writing, ETC was trading at $16.46.  Santiment, a blockchain analysis firm, recently posted a tweet...

Three Arrows Capital (3AC), a cryptocurrency hedge firm that just filed for Chapter 15 bankruptcy in New York, received a $2.36 billion loan from Genesis. It required a margin of more than 80% on its loans to 3AC, and when 3AC failed to meet those criteria, it liquidated collateral. After that...

Major cryptocurrency exchange Okcoin partnered with Stacks Accelerator and Stacks Foundation to launch Bitcoin Odyssey, a project aiming to bring the decentralized application (DApp) ecosystem that Ethereum (CRYPTO: ETH) is known for to the Bitcoin (CRYPTO: BTC) blockchain. What...

The Digital Currency Group (DCG) has completed a $700 million investment round from high-profile investors such as SoftBank Group Corp - ADR (OTC: SFTBY) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL). What Happened: According to a report from The Wall Street Journal, DCG’s $700 million...

Digital Currency Group CEO Barry Silbert said Sunday on social media that the direction of the cryptocurrency market will be determined by the stock market in the near future. What Happened: “Where the crypto market goes from here is completely dependent on the stock market over the next...

Digital Currency Group — the parent company of the world's top crypto asset manager Grayscale Investments — announced Wednesday it is considering a purchase of more shares of the world's biggest Bitcoin (CRYPTO: BTC) fund Grayscale Bitcoin Trust (OTC: GBTC). What...

Digital Currency Group Inc (DCG), the parent company of Grayscale Investments, plans to purchase $250 million worth of shares in Grayscale Bitcoin Trust (OTCQX: GBTC). What Happened: In a press release shared by the company earlier today, DCG disclosed that it would make...

Reveal is hoping to change the direction of social media by shifting the focus away from advertising and on to quality content creation. The startup has created a space where users can contribute to a social network and get paid for it. The company is using its own cryptocurrency to reward...