Bitcoin (BTC) $77,644.96 0.27%
Ethereum (ETH) $2,255.57 0.26%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 93.855688 -1.93%
Chainlink (LINK) $11.37 -4.17%
Cardano (ADA) $0.19 -0.92%
Litecoin (LTC) $55.11 -1.29%
Dash (DASH) $47.67 -0.24%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.355959 -1.83%
X-Cash (XCASH) 3.0E-6 0.00%
Dogecoin (DOGE) $0.00 0.00%

Cryptocurrencies: 30344

Markets: 109780

Market Cap: $2,604,358,583,225

24h Vol: $37,677,397,159

Bitcoinist

2022-11-21 08:13:46

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

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?

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