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Tag: bitcoin trust

DCG and Genesis’s Can’t Sell ‘Highly Illiquid’ GBTC Shares: Messari Founder

Messari Founder Ryan Selkis shared some “net good news” for Grayscale Bitcoin Trust (GBTC) shareholders on Monday.In a series of tweets, Selkies said that...

Op-Ed: How the crypto industry is responding to the FTX collapse

Millions of cryptocurrency traders who previously used FTX are left wondering if they’ll ever receive their funds after the exchange collapsed...

BTC Price Prediction – Will It Break Above $16,700 This Weekend?

Join Our Telegram channel to stay up to date on breaking news coverage After a period of high correlation with the stock market and particularly...

The ‘DEF CON Scenario’: Investors Eye Digital Currency Group After FTX’s Implosion

As FTX collapsed — and the tide came in — builders, investors, aficionados and just about anyone with a passing interest in cryptocurrencies wondered:...

Disaster looms for Digital Currency Group thanks to regulators and whales

The cryptocurrency tide is flowing out, and it looks more and more like Digital Currency Group (DCG) has been skinny dipping. But let’s be...

DCG Bought $722M GBTC Partly Funded by Genesis Loans: Report

Digital Currency Group (DCG) reportedly used funds borrowed from its liquidity-strapped subsidiary Genesis to fund open market purchases of Grayscale Bitcoin Trust (GBTC).A Nov....

Digital Currency Group Owes Genesis Trading Arm $575 Million by May

Digital Currency Group (DCG) CEO Barry Silbert recently shared a letter with investors illuminating the cryptocurrency conglomerate’s web of external and intercompany loans.  Among...

Ark Invest Buys $1.4M Shares of Grayscale Bitcoin Trust (GBTC)

1 min ago | 2 mins read Bitcoin News Ark Invest spent $2.8m buying...

Bernstein: Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global

The market is concerned that Grayscale could be “considered for strategic options in case of catastrophe,” the note said. But DCG, even in the...

Coinbase Custody holds 635,000 BTC on behalf of Grayscale that refuses to share proof of reserves

Coinbase Custody Trust, the institutional investment arm of Coinbase Global, holds 635,000 BTC on behalf of Grayscale Bitcoin Trust, according to a note by...

Barry Silbert’s DCG, Genesis Fallout Could Be Worse Than FTX, Here’s Why

Crypto trading firm Genesis’ exposure to bankrupt crypto firms FTX and Three Arrows Capital is pulling its parent Digital Currency Group (DCG) and...

🔴More Crypto Giants to Fall | This Week in Crypto – Nov 21, 2022

El Salvador is buying one Bitcoin per day, Pantera Capital reveals its Bitcoin price target with a timeline and the FTX saga continues as...

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