Tagged: digital currency group

Mike Cagney’s Blockchain Firm Figure Technologies Acquires $200M via Series D at $3.2B Valuation

Figure Technologies, Inc., which aims to transform financial services by leveraging the power of blockchain tech, has finalized a $200 million Series D round at a $3.2 billion valuation. 10T Holdings and Morgan Creek Digital have reportedly co-led the investment round. They’ve been joined by… Read More

South Korean Crypto Exchange Streami Gets Strategic Investment from digital Currency Group

Streami has received a strategic investment from the Digital Currency Group (DCG), according to a release. Streami is based in South Korea and operates GOPAX, a crypto exchange. DCG is said to be the second-largest investor in Streami and previously participated in the Series A… Read More

Digital Currency Group, Parent of Grayscale, Will Purchase up to $250 million worth of shares of Grayscale Bitcoin Trust

Digital Currency Group (DCG) the parent company of Grayscale Investments, has authorized the purchase by DCG of up to $250 million worth of shares of Grayscale Bitcoin Trust (OTCQX: GBTC). The purchase by DCG will be made on the open market, at management’s discretion, and… Read More

Grayscale Investments Files for EOS, Cardano, Chainlink Trusts, May See New Competition from BlockFi

Grayscale Investments, a subsidiary of Barry Silbert’s VC company, the Digital Currency Group, has added six new trusts, which includes those associated or linked to Polkadot (DOT) and Aave (AAVE) digital tokens. The other new trusts added by Grayscale include Monero (XMR), Cardano (ADA), Cosmos… Read More

Crypto VC Is Going through An “Explosive Phase” According to Meltem Demirors, CSO At Digital Asset Manager CoinShares

Meltem Demirors, the Chief Strategy Officer at CoinShares, Europe’s largest digital asset manager, notes that cryptocurrency-related venture capital is experiencing an “explosive” phase. 1/ crypto VC is going through an explosive 🧨 phase there are big funds (>$500M AUM), a lot of small funds (<$50M… Read More

Michael Sonnenshein Replaces Barry Silbert as CEO of Grayscale, Silbert to Remain in Charge of Digital Currency Group

Michael Sonnenshein, Managing Director of Grayscale Investments, will take over as CEO of the digital asset firm. Barry Silbert, founder of Grayscale, will step down as CEO but remain CEO of the parent company Digital Currency Group. In a release, Silbert commented on the change… Read More

Digital Asset Manager Grayscale has Acquired Over 100,000 Bitcoin (BTC) Since June 2020

Kevin Rooke, a digital asset analyst who’s well-known for his insightful tweets, recently noted that Grayscale, one of the largest institutional investors in the crypto space, is “on fire.” Rooke revealed that Grayscale’s Bitcoin (BTC) Investment Trust now holds around 506,000 BTC, which is about… Read More

Digital Currency Group Purchases Digital Asset Exchange Luno

Digital Currency Group (DCG) has acquired Luno, a digital asset exchange, according to a note from the company. Based in London and with regional hubs in Singapore and Cape Town, Luno is said to currently employ around 400 employees – serving over five million global… Read More

Time to Mine: DCG Reveals Crypto Mining Subsidiary Foundry

Digital Currency Group (DCG) is moving into crypto mining. According to a release, DCG created a subsidiary called “Foundry” and 2019 and today the company is outing the mining firm with Mike Colyer, a former Core Scientific executive, being Foundry’s Chief Executive Officer. Foundry claims… Read More

Digital Currency Group, Parent of Genesis, Commits $25 Million to Circle

Circle, a digital asset ecosystem that is focusing on stablecoins, has received a $25 million investment from the Digital Currency Group – parent of Genesis. Once more of a crypto-exchange, Circle has pivoted a bit to service other sectors of digital assets. In Q2 of… Read More

Grayscale Investments Is Buying 1,190 Bitcoin Per Day, on Track to Control 10% of BTC Supply by Next Halving in 2024

Grayscale Investments, a subsidiary of the Barry Silbert’s Digital Currency Group, has now acquired nearly $500 million in Bitcoin (BTC), since the cryptocurrency went through its third block reward halving on May 11, 2020 – a critical even that effectively reduced the BTC supply by… Read More

Digital Currency Group, Morgan Creek Capital Management, Others Invest in Caitlin Long’s Crypto-Native Bank Avanti, Awaiting Regulatory Clearance for 2021 Launch

Caitlin Long, who claims she has been involved with Bitcoin (BTC) since 2012, has issued an update regarding her company, the Avanti Financial Group. As previously reported, Avanti is the first  “cryptocurrency-native” bank, which should launch next year. Long claims that Avanti will provide a… Read More

Interest in CBDCs May Be “Accentuating” Bitcoin’s (BTC) Role in the Global Digital Economy, New Report Claims

Grayscale Investments, a subsidiary of the Digital Currency Group (DCG), has published a report which argues that legacy banking infrastructure has made it difficult to distribute stimulus money, following the COVID-19 outbreak. The report states: “Central bank digital currencies [CBDCs] have the potential to streamline… Read More

Deep Dive: Is the Upcoming Bitcoin (BTC) Halving Priced In?

The Bitcoin (BTC) halving event, when the pseudonymous cryptocurrency’s supply will be cut in half, is approaching. It should take place on May 11, 2020, which is when 210,000 blocks of BTC transactions will have been processed since the last halving event that took place… Read More

Digital Asset Exchange Bitnomial Receives Approval to Offer Bitcoin (BTC) Futures and Options Contracts

Digital asset exchange Bitnomial has been approved to offer Bitcoin (BTC) futures and options contracts. Established in 2015, Bitnomial acquired $7.5 million in capital through an equity raise that was finalized in December of last year. On April 20, 2020, the exchange operator confirmed that… Read More

Bitcoin Startup Purse.io Is Planning to Shut Down Due to Uncertainty in the Crypto and Larger Financial Markets

Cryptocurrency firm Purse.io, which allowed users to purchase items via Amazon at reduced or special rates using Bitcoin (BTC) and Bitcoin Cash (BCH), is reportedly planning to close down its operations. The San Francisco-based company confirmed on April 16, 2020 that it will shut down… Read More

Over Half a Billion Dollars in Cryptocurrency Raised by Grayscale Investments During Q1 2020

Grayscale Investments, a subsidiary of the Digital Currency Group (DCG) and the largest institutional holder of Bitcoin (BTC), reportedly raised over half a billion dollars in cryptocurrency investments during the first quarter of this year. According to a release, Grayscale raised a total of $503.7… Read More

Grayscale Investments’ Ethereum Trust (ETHE) Is Trading at a 515% Premium

Digital asset investors are reportedly paying a significant 515% premium in order to purchase Ether (ETH) via the Grayscale Ethereum Trust. It currently costs $90.55 to acquire a share in Grayscale Investments’ Ethereum Trust (ETHE). This, despite its Ethereum (ETH) holdings per share being valued… Read More

Crypto Firm Zabo Secures $2.5 Million in Funding from Digital Currency Group, Tezos Foundation, CoinShares, Others

Zabo secured $2.5 million in funding via a round led by Moonshots Capital. Blockchange Ventures, Castle Island Ventures, Digital Currency Group, CoinShares, Tezos Foundation, and Capital Factory also took part in the round. The firm intends to use the funds raised to promote mainstream cryptocurrency… Read More

Grayscale Records “Most Significant Asset Raising Year” with Total Investments Valued at $607.7 Million for FY 2019

Grayscale Investments, a subsidiary of the Digital Currency Group (DCG) and the largest institutional holder of Bitcoin (BTC), has published its Digital Asset Investment Report, which highlights the firm’s record-setting investment activity from last year. The report also includes important information about Grayscale’s activity during… Read More

Send this to a friend