SBF’s not guilty plea, Cameron Winklevoss’ open letter to Barry Silbert, and Grayscale’s ETH Trust 60% discount. This and more on the latest edition of Crypto Biz. (Reporting via forgeforth_)
DCG did not borrow $1.675 billion from Genesis
DCG has never missed an interest payment to Genesis and is current on all loans outstanding; next loan maturity is May 2023 DCG delivered to Genesis and your advisors a proposal on December 29th and has not received any responseGrayscale, another Digital Currency Group company, continues to rattle investors after its Ethereum Trust to the underlying value of its assets. A discount to net asset value, or NAV, usually occurs when there is low demand and a lot of supply, leading the market price to be lower than the NAV.
amid insolvency rumors surrounding Digital Currency Group. Some commentators have snarked that DCG may be biding time until Bitcoin’s price recovers. If that’s the case, we could be waiting a long time.
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