Market Cap: $3,052,473,135,211
24h Vol: $86,926,750,486
Cryptocurrencies: 28005
Markets: 116055
Cryptocurrencies: 28005
Markets: 116055
Market Cap: $3,052,473,135,211     
24h Vol: $86,926,750,486
cryptonews 2023-01-13 12:21:00

Genesis Owes Its Creditors $3 Billion - Is That too Much for DCG to Swallow? Barry Silbert Breaks Silence on Twitter

Genesis Owes Its Creditors $3 Billion - Is That too Much for DCG to Swallow? Barry Silbert Breaks Silence on Twitter
Digital Currency Group's crypto brokerage firm Genesis owes over $3 billion to creditors, pressing the crypto conglomerate to consider selling assets in its large venture portfolio to raise money. According to a report by the Financial Times, DCG, the parent company of Genesis, plans to raise fresh cash after its lending arm took heavy losses in the wake of FTX's collapse back in November. The company is considering selling parts of its VC assets worth around $500 million. ... Read More: Genesis Owes Its Creditors $3 Billion - Is That too Much for DCG to Swallow? Barry Silbert Breaks Silence on Twitter
esptco-banner img
Latest News

Videos

  • Future Of Cryptocurrency: What Are Your thoughts On Future of Cryptocurrency? Explained By Cryptela

  • What are NFTs? How will it change the way we use things? Simply Explained!

  • Spot Trading vs P2P Trading!

  • What is a Shiba Inu Coin & How Does it Work? Simply Explained!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire