Ethereum World News
2023-01-10 20:24:12

DCG Announces Letter To Shareholders, Owes $447.5M in USD And 4,550 BTC To Genesis Capital

Digital Currency Group (DCG) is cutting costs and streamlining operations in order to position itself for long-term success. CEO Barry Silbert acknowledged the current state of the market and the challenges facing the industy, Despite these challenges, Silbert remains optimistic about the future and believes that the industry must come together to rebuild its credibility. DCG borrowed capital from Genesis Capital, currently owing them $447.5M in USD and 4,550 BTC, which matures in May 2023. DCG has invested a small

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