The company’s revenue reached $210M in the Q4 of 2023, a 59% rise in comparison to the same time the previous year, Digital Currency Group (DCG) said Monday in a letter to shareholders. The parent business of Grayscale Investments attributed the increase in revenue on rising asset values, especially bitcoin.
The short-term loans that Digital Currency Group (DCG) had with the now-defunct Genesis crypto lending platform have all been paid off, according to the venture capital company. On January 6th, DCG verified in a statement posted on X (formerly Twitter) that it had paid all of its debts, including almost
Bullish Completes Strategic Acquisition to Accelerate CoinDesk’s Global Expansion and Growth of Media, Events and Indices Businesses NEW YORK–(BUSINESS WIRE)–Bullish, the fastest growing regulated, institutional digital assets exchange led by Tom Farley, announced today that it has acquired CoinDesk, the integrated media, events and index platform for the future of
EMTECH’s Beyond Cash or (BYDC) is a CBDC Simulator built on Hedera layer 1 protocol with pre-built APIs that simplify the integration of digital cash in fintech products across various use cases. NEW YORK–(BUSINESS WIRE)–EMTECH, an award-winning software company and first-of-its-kind Modern Central Banking Infrastructure provider, today announced the public
SANTA CLARA, Calif.–(BUSINESS WIRE)–In 2023, a key year for the alternating bull and bear market in the digital currency field, the entire industry is undergoing earth-shaking changes in an era where “risk” and “opportunity” coexist. The YOMAEX exchange recently announced that its registered users exceeded 10 million and its transaction
The Digital Currency Group (DCG) failed to repay $630M on a loan that was due to Gemini last week, as the exchange confirmed. Genesis, a division of Digital Currency Group, had received $900 million from Gemini before it went bankrupt. The crypto firm controlled by the Winklevoss twins and other
On May 12, Texas announced that they were introducing a bill to ban the Central Bank Digital Currency (CBDC) in their state by the 88th legislature. According to the draftees, CBDC is a bad idea. A Central Bank Digital Currency is the digital form of a country’s fiat currency. CBDC
Zimbabwe’s government has established a value for its digital tokens backed by gold. Starting on May 8, the nation will begin offering investors its own digital money backed by gold. Tokens will be sold to people for a minimum of $10. And to companies and other organizations for a minimum
Zimbabwe’s Central Bank Governor, John Mangudya, has announced that the country will soon introduce a gold-backed digital currency to stabilize the local unit, which has been continuously depreciating against the US dollar. The move is expected to enable small investors to exchange their money for digital tokens to hedge against
PODGORICA, Montenegro–(BUSINESS WIRE)–The Central Bank of Montenegro (CBCG) has agreed to collaborate with the enterprise crypto and blockchain solutions provider Ripple to develop a strategy and pilot programme to launch the country’s first digital currency in the form of a Central Bank Digital Currency (CBDC) or national stablecoin. Aligning with
