Crypto Lender Genesis Owes Creditors Over $3B: FT
Digital Currency Group, Genesis’ parent company, is reportedly looking to sell some of its venture-capital portfolio, worth around $500 million. Troubled crypto lender Genesis owes…
Tag: Digital Currency
Digital Currency Group to Put up to $250M Into Grayscale’s Bitcoin Trust
The blockchain investment firm said it will buy the GBTC shares on the open market. Cryptocurrency and blockchain-focused investment firm Digital Currency Group (DCG) is…
Citigroup Helping World Governments Build Digital Currencies, CEO Says
Citigroup Chief Executive Michael Corbat said his bank is helping governments “around the world” in creating sovereign digital currencies, otherwise known as central bank digital…
Fiat-to-Crypto in the Philippines Approaches $40 Million Per Month Despite Price Woes
A central bank official has said that digital currency conversions in the Philippines — a country where the coins are considered legal tender — hit…
Cryptocurrency Volume Drops To A Two-Month Low, Should You Be Worried?
Cryptocurrency volumes have dipped to a two-month low, with levels resembling those seen earlier this year during April’s downtrend. But what does this mean for…
Women Investing in Cryptocurrency Has Doubled in Six Months, Study
Many onlookers on the cryptocurrency industry have noticed that the sector has historically been compromised mostly of male figures. However, research from the London Block…
Bitcoin Bull Tom Lee Refutes Bearish Sentiment, Predicts Further Gains
Tom Lee is back, with another round of Bitcoin bullishness on-air CNBC’s ‘Fast Money’ segment. PermaBull Tom Lee Appears on CNBC Fast Money On Monday,…
RBI Considers Central Bank Digital Currency But Bans Regulated Entities from Dealing in Cryptocurrencies
India’s central bank is reportedly considering the introduction of a ‘central bank digital currency’ as it bans regulated entities such as banks from dealing in…
UK: Bank of England Researching Digital Currency, No Plans To Launch
Despite rumours to the contrary, the UK government have announced that they will not be following the likes of Venezuela in launching their own digital…
JPMorgan Report: Crypto Could One Day Help Diversify Portfolios
Cryptocurrencies could one day help investors diversify their equity and bond portfolios, analysts for JPMorgan Chase wrote in a new, 71-page research report focused on…