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

Ethereum moved from proof-of-work (PoW) to proof-of-stake (PoS) consensus last month and the transition is dubbed the Merge. The PoW algorithm previously rewarded miners for validating blocks of…
1 year ago
Nikolai Mushegian, a respected contributor to the crypto ecosystem, was found dead a couple of days back on the beach behind Ashford Hospital in Condado, Puerto Rico after being swept away by sea…
1 year ago
Since Cryptocurrencies got in the spotlight, ever since then Asset-backed currencies VS Fiat currencies have been a great topic of debate between certain economists and crypto believers. While asset-…
1 year ago
Since Cryptocurrencies got in the spotlight, ever since then Asset-backed currencies VS Fiat currencies have been a great topic of debate between certain economists and crypto believers. While asset-…
1 year ago
In a series of text messages made public during the Twitter lawsuit, it was disclosed that a representative of the crypto billionaire, Will MacAskill, had texted Musk stating that SBF is “interested…
1 year ago