April 11th, 2025
DCG News
Stay ahead by exploring the latest Digital Currency Group (DCG) news to learn about how the company is contributing to the financial landscape by functioning as the driving force behind some of the most popular and influential companies in the blockchain ecosystem. DCG’s reach continues to expand, covering everything from startups to investments and digital assets.
Genesis Trading Moves 40,000 ETH, Suggesting Possible Asset Liquidation
These transfers come in the wake of a significant settlement Genesis reached with New York State.
Genesis Wins Court Approval to Refund $3B in Bankruptcy Case
With the approved plan to distribute $3 billion to customers, Gemini is poised to commence fund distributions to those affected by the Genesis liquidity crisis in 2022 through its Earn program.
Grayscale’s Q1 2024 Earnings Take Hit amid Bitcoin ETF Outflows
GBTC’s high management fees at 1.5% continue to hurt Grayscale as revenue of the firm remained flat in Q1 amid high redemptions from Bitcoin ETF.
20% of Swing State Voters Prioritize Crypto in Upcoming US Elections
By Bena Ilyas
May 7th, 2024
The poll’s data shows crypto is top of mind for voters in swing Senate states and that a pro-crypto position is a net positive for policymakers and candidates.
Genesis Global Receives Court Approval to Sell $1.6B Worth of Grayscale Shares
By Tolu Ajiboye
February 15th, 2024
Genesis now has legal approval to sell $1.6 billion in Grayscale shares, including GBTC and ETHE, even though DCG disagrees.
Bullish Pays Up to $80M to Acquire CoinDesk and Replaces Several Managers Including CEO Kevin Worth
By Tolu Ajiboye
February 14th, 2024
The CoinDesk takeover by Bullish has resulted in a few changes, including the departure of the CEO among other key staff.
Digital Currency Group Reports $210M in Q4 2023 Revenue as Valuation Tops $4.4B
By Steve Muchoki
February 13th, 2024
Digital Currency Group repaid more than $1 billion in debt during Q4 2023 as the litigation between DCG’s Genesis and the Gemini crypto exchange continues.
Polymer Labs Secures $23 Million in Series A Funding from Top Investors
By Bhushan Akolkar
January 24th, 2024
Polymer Labs introduces an innovative solution for developers and businesses in Web3, facilitating projects in DeFi, NFTs, and real-world asset tokenization.
Grayscale Files Amended ETF Application Following Silbert’s Resignation
By Chimamanda U. Martha
December 27th, 2023
The amended ETF application came after a series of meetings between Grayscale and the SEC in December.
Grayscale Investments’ Top Executives Barry Silbert and Mark Murphy Resign from Board of Directors
By Steve Muchoki
December 27th, 2023
In addition to top executives stepping aside from the board of directors, Grayscale Investments also filed an updated spot Bitcoin ETF application with the SEC on Tuesday.
Genesis Sues Gemini Seeking Return of $689M in Preferential Transfers
By Temitope Olatunji
November 22nd, 2023
Genesis claims that, as market volatility increased, Gemini made significant withdrawal demands that harmed other creditors.
Justin Sun Reports Group’s Q3 2023 Revenue
By Babafemi Adebajo
October 27th, 2023
Despite the impressive Q3 2023 performance, Sun acknowledged that the quarter was tough on the industry because of the Federal Reserve’s high interest rates and the declining industry’s revenue.
Grayscale Joins Hands with FTSE Russell to Unveil Crypto Sector Index Series
By Bhushan Akolkar
October 25th, 2023
The Crypto Sector Index Series will include several indices tracking the prices of a bucket of different digital assets based on their use cases.
Gemini Withdrew $282M Worth of Earn Users’ Funds before Genesis Collapse
By Bhushan Akolkar
September 29th, 2023
Gemini said that the recent report from New York Post is quite misleading and “pure fantasy”. The exchange added that all the funds belonged to its Earn users.
Genesis Ceases All of Its Crypto Trading Activities
By Bhushan Akolkar
September 15th, 2023
The bankrupt crypto lender Genesis announced that it would cease all of its crypto operations for spot and derivatives trading, for institutional players as well.
Digital Currency Group (DCG) is an important name in the blockchain sector and one of the most influential entities in the industry. Founded by Barry Silbert in 2015, DCG became an industry leader by investing in the growth and development of several blockchain startups, directly investing in the tech future.
DCG is an insightful venture capital firm focused on promising startups and forward-thinking companies. Its portfolio includes several successful firms, including giants like Coinbase Inc (NYSE: COIN), Kraken, and Ripple Labs Inc. In addition to simply performing as an investor, DCG nurtures the businesses it is investing in and helps them expand their influence in the general crypto space. This approach has made DCG a major driving force behind several groundbreaking solutions currently functional in digital finance and blockchain.
One of the most prominent ventures of DCG is its Grayscale Investments LLC subsidiary, which provides crypto exposure and helps clients manage their digital assets and investments through the Grayscale Bitcoin Trust (GBTC). Following regulatory approval from the United States Securities and Exchange Commission (SEC), GBTC was converted to a spot Bitcoin BTC $82 972 24h volatility: 3.0% Market cap: $1.65 T Vol. 24h: $36.92 B exchange-traded fund (ETF).
Another important member of the DCG is CoinDesk, a leading news platform for crypto and blockchain information. CoinDesk has built its reputation as a trusted source of industry news, updates, and analysis, helping to inform and educate several million people about developments in the cryptocurrency space.
DCG has shown continued involvement in decentralized finance (DeFi) projects. Its efforts put it at the center of the growth of crypto in the finance world, making it a key figure in the ongoing integration of crypto and traditional finance.
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FAQ on DCG News
Who owns Digital Currency Group (DCG)?
DCG was founded by Barry Silbert who remains a principal owner. However, the company’s ownership may include several other investors and stakeholders.
What companies has DCG invested in?
DCG has invested in several major crypto companies, including Coinbase, Kraken, Luno, and Circle. The list also includes analytics platforms Chainalysis, Etherscan, Dune Analytics, and Elliptic.
How does DCG influence the crypto industry?
DCG maintains industry influence as a major investor and guide for companies in its portfolio. Its direct involvement in providing funding and connections helps to influence the crypto sector and support innovation and general blockchain infrastructure.
What is DCG’s long-term vision?
DCG aims to create an accessible and integrated financial system that easily connects traditional finance with decentralized blockchain systems. The company hopes to quicken the general adoption of cryptocurrency and blockchain infrastructure.