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

shubhk's Recent Blog Posts

Bitcoin and Ethereum faced the brunt of the FTX-induced market crash that sent their prices tumbling south. Bitcoin fell to the $15,700 level reaching its November 2020 lows and Ethereum was on the…
1 year ago
The crypto markets experienced a bloodbath on Wednesday as leading coins dramatically headed south shedding all their previously generated gains. Bitcoin reached $17,700 in the day’s trade touching…
1 year ago
The crypto markets experienced a bloodbath on Wednesday as leading coins dramatically headed south shedding all their previously generated gains. Bitcoin reached $17,700 in the day’s trade touching…
1 year ago
The fall of FTT and the ongoing Binance-FTX episode caught the crypto community by surprise. FTX was one of the most popular exchanges, and many did not expect the firm to have insolvency issues.…
1 year ago
FTX, its sister company Alameda, and Binance have been the talk of the crypto town over the last couple of days. Well-known decentralized autonomous organization BitDAO stepped into the picture and…
1 year ago