DCG to liquidate its Grayscale Bitcoin Trust (GBTC) Positions?

Bitcoin (BTC) shows no sign of recovery as of yet, as the original crypto continues to hover slightly above the $16k level. Moreover, the FTX contagion seems to be hitting major institutions as days roll by.
Genesis Trading, a company owned by the Digital Currency Group (DCG) conglomerate, stopped paying out at its crypto lending division last week. This sparked several rumors regarding Genesis’ solvency as well as DCG’s future. The narrative has also focused on the largest institutional Bitcoin
By Shubhk

shubhk's Recent Blog Posts

What Are the Top 5 Most Discussed Cryptos in the World?
The cryptocurrency markets are dynamic as some days bring out the best, while other days bring out the worse. Leading cryptos can be the talk of the town today and also be disregarded by the…
2 years ago
Is Elon Musk the Largest Dogecoin Holder?
We all know the connection between the new CEO of Twitter and the original Meme coin. But recent analysts suggest that Elon Musk may be the largest Dogecoin holder. It’s been speculated for quite…
2 years ago
Shiba Inu: An Investment of $17 Turns to $6.9 Million in 8 Months
Tales of average investors turning millionaires in a short period with minimal investments are aplenty in the crypto markets. While some lucky ones made millions within a year, others wait a lifetime…
2 years ago
Shiba Inu: Shibarium moving ahead “with Great Strength”
Unification, the development team behind Shiba Inu’s (SHIB) Shibarium layer-2 network, has released a new blog, updating the community on the development status. The team said that their work with…
2 years ago
Why Are the Crypto Markets Falling Today After Rallying For A Week?
The Federal Reserve hiked interest rates at 75 BPS on Wednesday for four consecutive times this year. The interest rates have reached 4% and Goldman Sachs reported that the Feds will raise interest…
2 years ago