According to Ran Neuner, CEO of Onchain Capital, DCG may be dumping as it seeks to repay a $1.5 billion debt to Genesis, or it may be on the verge of bankruptcy as its liquid assets run out.
Assets in the Digital Currency Group portfolio have suffered losses in the last 24 hours, sparking market speculation. It has been a month since the embattled crypto lender Genesis Global Capital, a Digital Currency Group subsidiary, ceased redemptions.
In particular, Messari DCG portfolio on 12/17 from Ran Neuner’s Tweet, has shown a significant decrease in Filecoin by 20% last 24 hours.
As Coincu previously reported, Bitvavo crypto exchange stated in the company blog that Digital Currency Group is experiencing liquidity problems and has suspended repayments.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Thana
Coincu News
Bitcoin supply on exchanges reaches new lows amid bullish market sentiment, signaling a move towards…
The Chainlink fund tokenization underscores the growing interest in asset tokenization, boosting Chainlink's price by…
The U.S. Senate voted 60-38 to overturn the SEC crypto asset accounting rule, easing restrictions…
Pyth grants $50 million, offering community, research, and developer grants, with rewards in unlocked or…
Is Robinhood losing crypto users? Data shown a 57% drop in trading volume in April.…
AMF issues warning against Bybit, due to non-compliance with French regulations. Last year, Bybit also…
This website uses cookies.