Digital Currency Group (DCG) – DIGIT INFO

South African Travel Fintech Turnstay Secures Funding for Regional Expansion from DCG, DFS Lab

DIGIT — Thu, 18 Jul 2024 11:30:46 +0000

Venture capital firms DFS Lab and Digital Currency Group (DCG) recently invested $300,000 in Turnstay, a South African travel-focused fintech startup. Turnstay aims to simplify payment procedures for international travelers by leveraging a global network of compliant companies. New Investment to Fund African Expansion Drive The South African fintech startup Turnstay recently secured $300,000 (over […]

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Email Shows Digital Currency Group and Gemini Explored Merger Before Genesis Bankruptcy

DIGIT — Fri, 08 Mar 2024 17:45:35 +0000

In an email found within the motion by Digital Currency Group (DCG) and Barry Silbert to dismiss the lawsuit initiated by the New York Attorney General, discussions of a potential merger between Gemini and Genesis were revealed before Genesis ultimately opted to declare bankruptcy. “Combined Gemini and Genesis would be a juggernaut and would be […]

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GBTC Manager Insists the ‘Holdings of Grayscale’s Digital Asset Products Are Safe and Secure’

DIGIT — Sat, 19 Nov 2022 20:30:12 +0000

On Nov. 18, 2022, at 5:47 p.m. (ET), Grayscale Investments’ official Twitter account shared information on the safety and security associated with Grayscale’s digital asset products. The update from Grayscale follows the recent FTX collapse that has shaken crypto investors, and Digital Currency Group’s (DCG) Genesis pausing the firm’s lending unit in terms of withdrawals […]

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Google Launches Blockchain Node Engine, Says ‘Ethereum Will Be the First Blockchain Supported’

DIGIT — Thu, 27 Oct 2022 20:00:41 +0000

After revealing Alphabet Inc.’s Google Cloud partnership with Coinbase, the multinational technology conglomerate holding company has announced the firm’s “Google Cloud Blockchain Node Engine.” While more blockchains will be supported, Google said that “Ethereum will be the first blockchain supported by Blockchain Node Engine.” Google Launches Cloud-Based Blockchain Node Engine Alphabet Inc., otherwise known as […]

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Grayscale’s GBTC Discount to NAV Breaks Records as Spread Widens by More Than 35%

DIGIT — Mon, 26 Sep 2022 20:30:52 +0000

Grayscale Investment’s Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTC’s discount to spot has been underwater for a total of 577 consecutive days. GBTC Discount to NAV Widens by 35% — Fund Reaches an All-Time Low Against BTC […]

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Luno Launches Venture Fund to Invest in Over 200 Crypto and Fintech Startups per Year

DIGIT — Fri, 18 Mar 2022 23:30:59 +0000

Luno cryptocurrency exchange recently announced the launch of an investment arm, Luno Expeditions, whose objective is to invest in fintech, crypto, and Web3 startups globally. The investment arm will target digital assets and later-stage companies starting from Series A upwards. Funding Over 200 Startups per Year One of Africa’s pioneering cryptocurrency exchanges, Luno, recently announced […]

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Near Foundation Raises $150 Million to Bolster Web3 Adoption

DIGIT — Fri, 14 Jan 2022 08:00:00 +0000

On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind […]

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