Bitcoinist November 21, 2022

D-Day Looms For Bitcoin – Are DCG And Genesis Going Bankrupt?

The question of whether Genesis Trading and Digital Currency Group (DCG) will go bust currently hangs over the crypto and Bitcoin market like a sword of Damocles. In the event of bankruptcy, DCG could be forced to liquidate its cash cow, Grayscale and its Grayscale Bitcoin Trust (GBTC). But, how likely is that to happen?

What do you think about this article?

Share your reaction with the Cryptela community.

Get more Cryptela on Google

Add Cryptela as a preferred source for cryptocurrency news and analysis in eligible Google Search experiences.

Add preferred source

D-Day Looms For Bitcoin – Are DCG And Genesis Going Bankrupt?

What do you think about this article?

Get more Cryptela on Google

More Crypto News

Chainlink partners with Hanwha for global RWA tokenization platform, LINK eyes $15.43

Hyperliquid burns $6.75 million in HYPE as price rebounds toward $98 resistance

Ripple executives spark debate with their 5-year outlook for XRP

Solana Foundation partners with Anchorpoint to launch HKDAP stablecoin in Hong Kong

Synthetix recovers $8.4 million SNX after Binance’s $6.3 billion hack

Polygon expands Open Money Stack to support Solana, targeting $2 trillion stablecoin volume