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

Bitcoin: Will 2019’s Tale Repeat In 2023?
After Bitcoin attained its $69k peak in November last year, its valuation started witnessing a massive correction. Nevertheless, a section of the community believed that the new year would bring…
1 year ago
Bitcoin: Is A Christmas Miracle Rally Likely?
The death cross is quite an integral part of technical analysis. Such a crossover occurs when a short-term moving average falls below a major long-term moving average. Conventionally, the death cross…
1 year ago
Next.ID: Empowering Developers and Users with Self-Sovereign Digital Identities
Next.ID and self-sovereign digital identities: What is Next.ID? Next.ID is a protocol for creating and managing self-sovereign digital identities. In the digital world, our identity is often tied to…
2 years ago
Block Inc CEO Jack Dorsey Proposes Decentralized ‘Twitter’
Ever since the collapse of the centralized crypto exchange FTX, people from the space have been looking for alternatives. As a result, decentralization has now become more relevant than ever.…
2 years ago
Is $0.00002 A Long Shot For Shiba Inu At This Stage?
Shiba Inu’s network noted an interesting change in trend with respect to its holder dynamics. Data from the on-chain analytics platform IntoTheBlock revealed that the number of market participants…
2 years ago