What happened to digital currency group?

Jan 20 (Reuters) - U.S. crypto company Digital Currency Group (DCG) is at the center of the industry's latest meltdown after the lending arm of one of its companies, Genesis, froze customer redemptions in November. Genesis Global Capital filed for U.S. bankruptcy protection from creditors on Thursday.

What's going on with digital currency & grayscale investments?

State of play: Five days have passed since its lending unit ceased withdrawals and new loan originations. And the lack of communication has opened the door to speculation about the health of the overall firm, as well as its parent Digital Currency Group and sister unit Grayscale Investments.

What companies does Digital Currency Group own?

Here is what we know about the many companies Digital Currency Group owns: DCG acquired crypto news website CoinDesk in 2016 after previously investing in the outlet. TechCrunch at the time pegged the deal as being worth about $500,000 to $600,000.

Is Digital Currency Group (DCG) worth $10 billion?

It is only speculation. There has been no reporting to suggest this outcome. Why it matters: Digital Currency Group, or DCG, founded by Barry Silbert in 2015, is among the largest crypto companies, sporting a valuation of $10 billion just last year.