Digital Currency Group, the parent company of digital asset manager Grayscale Investments, is now authorized to purchase up to $750 million worth of shares of Grayscale Bitcoin Trust. The company announced Monday that DCG increased its prior authorization to buy up to $250 million worth of GBTC shares by an extra $500 million. The share purchase authorization does not obligate DCG to acquire any certain amount of shares in any period, and it may be expanded, modified or discontinued at any time, DCG noted. Actual purchases will depend on many factors like the levels of available cash as well as …

Time Magazine continues to warm up to crypto, naming Digital Currency Group and Coinbase in its 2021 Top 100 Most Influential Companies list. Published on Tuesday, the Top 100 emphasized the impact that the two crypto giants have made over the past 12 months. The list consisted of five different categories — Pioneers, Leaders, Innovators, Titans and Disrupters. Digital Currency Group was categorized as a Disrupter alongside other big names such as Tesla, Huawei, Shopify and Clubhouse. Time noted that the DCG is “demystifying crypto for investors” through its subsidiaries, asset manager Grayscale and crypto news website CoinDesk. As of …

Blockcap, one of North America’s fastest-growing Bitcoin (BTC) mining companies, has secured sizable investments from some of crypto’s biggest names, setting the stage for significant expansion in the year ahead. Off The Chain Capital and Foundry Digital, a subsidiary of Digital Currency Group, contributed to the $75 million haul, Blockcap announced Wednesday. The funding will go toward scaling the company’s mining operations and promoting the continued growth of digital assets in the United States. Blockcap was founded in 2020 by a group of blockchain veterans. It now commands a fleet of roughly 12,000 machines mining around 7 BTC per day. …

Only 10 days after announcing he would run for California state governor, long-time Bitcoin proponent and billionaire investor Chamath Palihapitiya has backed away from the idea in a Feb. 2 episode of The All In Podcast. E20 is here! -- @Jason & @chamath reconcile -- Robinhood wrap up, lessons learned -- Insiders vs. Outsiders -- California's failing report card (& how to fix it) -- @chamath tells his @azizansari story : https://t.co/IFp93HhAly : https://t.co/yw533KnP4J — The All-In Podcast (@theallinpod) February 3, 2021 Palihapitiya, who started investing in Bitcoin in 2012, has been a vocal critic of current California Governor Gavin …

Foundry, a wholly owned cryptocurrency mining subsidiary of Digital Currency Group, or DCG, has entered the top 10 largest Bitcoin (BTC) mining pools in the world. The firm's CEO, Barry Silbert, announced the news on Tuesday, predicting that Foundry will soon break into the top five mining pools list. At publishing time, Foundry has a total hash rate of 2.74 exahashes per second, according to data from block explorer BTC.com. The mining pool is responsible for 1.85% of the total global hash rate. The news comes shortly after Silbert announced that global Bitcoin miners will be able to join the …

Michael Sonnenshein, the newly appointed CEO of Grayscale Investments, believes 2021 will mark another pivotal year for digital-asset investing as institutional capital and nation-state adoption drive the next leg of the bull market. In a keynote address at this year’s virtual CFC St. Moritz Conference, Sonnenshein identified three key investment themes that underpinned Bitcoin’s (BTC) dramatic breakout in 2020. They were: macroeconomic uncertainty and quantitative easing; legendary investors and brand-name companies investing in BTC; and the continued strengthening of regulatory frameworks around digital assets. Sonnenshein believes 2021 will see a continuation of these trends as more investors diversify into Bitcoin …

What would an initial public offering for Digital Currency Group, or DCG, look like? Analysts at digital analytics firm Messari believe they have the answer. In a newly published report, researcher Jack Purdy lays out a theoretical initial public offering for DCG. Using data from quarterly updates, along with other publicly available information and the average price-to-sales ratio for comparable fintech companies, Purdy concludes that DCG would be valued at more than $4 billion if it went public. That lofty valuation is based on a careful examination of DCG’s underlying businesses. While casual crypto observations may not realize it, DCG …

China’s crypto mining giant Bitmain has entered a new partnership to streamline its operations in North America. As Bitmain officially announced on Sept. 10, the company has officially partnered with Foundry, a wholly-owned crypto mining subsidiary of major cryptocurrency firm, Digital Currency Group, or DCG. Within the partnership, Foundry will provide financing to Bitmain’s end customers in North America. According to Bitmain, obtaining financing is more difficult for crypto miners than for firms in other industries. Foundry, in its turn, will help “ship a significant number of machines into North America this year,” according to Su Ke, the global sales …

One of the largest organizations investing in blockchain companies, Digital Currency Group, or DCG, has acquired the British multinational cryptocurrency exchange Luno. DCG first bought a stake in Luno by investing in the exchange’s seed round in 2014. Since then, the exchange has spread its roots across 40 countries and currently boasts of more than five million registered users on its platform. In an official announcement, DCG said it will make a “significant commitment” to help Luno further expand its territories in countries it already operates in and also help it launch in other countries. DCG did not reveal the …

This week’s headlines from Japan included real estate player Tosei and Tokyo Financial Holdings listing an asset-backed digital financial product, Cointelegraph Japan interviewing a former Japanese central bank staffer, Coinage registering as an exchange with Japan's financial services agency, and a life insurance company testing digital asset billing transaction. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Tosei and Tokyo Financial Holdings launch a digital securities product Real estate outfit Tosei and Tokai Tokyo Financial Holdings, hold plans for a digital securities product. The pair "will list digital securities backed by the rental …

Grayscale, a major digital asset management fund, has continued to grow this year, with its total assets under management, or AUM, hitting new highs. According to a May 19 tweet, Grayscale’s total AUM hit $3.8 billion, surging over 80% from $2.1 billion in May 2019. Bitcoin trust continues to gain momentum Grayscale’s Bitcoin (BTC) trust has continued to lead other cryptocurrencies in the fund, accounting for $3.36 billion, or 89% of the firm’s total AUM. The value of Grayscale’s Bitcoin investment trust surged 76% from last year’s $1.9 billion. At the same time, Grayscale’s Bitcoin trust’s share saw a small …

It seems Meltem Demirors does a little bit of everything. The crypto journeywoman has served as vice president of Digital Currency Group, a member of the World Economic Forum’s Blockchain Council, an advisor to MIT Media Lab, and a lecturer at the University of Oxford’s business school. She even co-hosts a well-subscribed podcast with her friend and fellow crypto hound Jill Carlson, though that project is on hiatus. These days Demirors mostly wears the hat of Chief Strategy Officer at CoinShares, a digital asset management firm that provides financial products and services for professional investors. But she’s also an investor …