Category: DCG
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Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit
Digital Currency Group has over $320 million left to repay, according to Genesis, and the deal would see that remaining sum repaid by April next year.
Bitcoin derivatives data suggests BTC price holds the current range
BTC investor sentiment turns increasingly bullish after this week’s quick rebound from a sharp price correction.
Ethereum price risks losing the $1.6K support as multiple ETH price metrics decline
A lack of network activity and ground lost to competitors could eventually play a role in ETH losing the $1,600 support.
Why approving a Bitcoin ETF might unleash $18 billion in sell-pressure
Grayscale GBTC Trust conversion to an ETF will unlock a potential sale of up to $18 billion in Bitcoin.
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Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence
Bitcoin’s price dropped to $25,500 after the SEC announced a lawsuit against Binance and Changpeng Zhao, a move which also has BTC bulls wondering if the bottom is truly in.
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FTX debtors object Genesis’ ‘critical’ claim estimate of ‘$0.00’
The FTX debtors alleged that the claim was filed “without any advance notice,” and were not invited to participate in the mediation.
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DCG losses top $1B on the back of 3AC collapse in 2022
The crypto conglomerate reported that falling crypto prices and the fallout from Three Arrows Capital’s loan default to Genesis affected its results.
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DCG offloads Grayscale shares to raise capital: Report
The purported sales are the latest measures the embattled firm has taken following moves in recent months to raise capital and preserve liquidity.
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Genesis entity going up for sale as DCG makes creditor pact
Digital Currency Group (DCG) plans to hand Genesis its stake in the Genesis Global Trading business entity which will then be sold, pending court approval.
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