首页 社会正文

菲律宾博彩网址(www.99cx.vip):Inside a once-US$10bil crypto empire that’s suddenly cracking

admin 社会 2022-11-19 19:02:57 2 0

cách chơi tài xỉu(www.84vng.com):cách chơi tài xỉu(www.84vng.com) cổng Chơi tài xỉu uy tín nhất việt nam。cách chơi tài xỉu(www.84vng.com)game tài Xỉu đánh bạc online công bằng nhất,cách chơi tài xỉu(www.84vng.com)cổng game không thể dự đoán can thiệp,mở thưởng bằng blockchain ,đảm bảo kết quả công bằng.

FILE PHOTO: Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

NEW YORK: Suspended withdrawals at cryptocurrency brokerage Genesis amid the widening crypto-market meltdown is casting an unwanted spotlight on Barry Silbert, the man at the helm of the Digital Currency Group empire.

Silbert, who rarely does press interviews or speaks at the multitude of industry conferences, founded the Stamford, Connecticut-based crypto conglomerate DCG in 2015, according to the 46-year-old’s LinkedIn profile.

Last year, DCG’s valuation reached US$1bil (RM4.5bil), after it sold US$700mil (RM3.19bil) of stock in a private sale led by SoftBank Group Corp. DCG had 66 employees at the start of November and holds more than 200 companies in its portfolio.

DCG’s reach is vast: in addition to embattled lender Genesis, it also controls digital-asset manager Grayscale Investments, which offers the world’s largest crypto fund. DCG is also the parent of crypto-mining service provider Foundry Digital, news publication Coindesk and exchange Luno, among others.

Within the crypto space, DCG’s might is well-known. The private firm’s portfolio has over the years included everything from exchanges like Coinbase to hardware-maker Ledger to crypto-focused bank Silvergate.

,

Soi kèo bóng đá(www.vng.app):Soi kèo bóng đá(www.vng.app) cổng Chơi tài xỉu uy tín nhất việt nam。Soi kèo bóng đá(www.vng.app)game tài Xỉu đánh bạc online công bằng nhất,Soi kèo bóng đá(www.vng.app)cổng game không thể dự đoán can thiệp,mở thưởng bằng blockchain ,đảm bảo kết quả công bằng.

,

“They’re a pretty big deal in crypto,” said Wilfred Daye, chief executive officer of Securitise Capital, a digital-asset management firm. “Their footprints are everywhere.”

With Genesis’s halted redemptions, the health of DCG is called into question, a spiral that follows the shocking blowup of the Bahamas-based crypto exchange FTX and its former chief executive, Sam Bankman-Fried.

Genesis was the crown jewel of Silbert’s kingdom, having established itself as one of the largest and most well-known brokers, allowing funds and market-makers to borrow dollars or digital currencies to amplify their trades.“There are many lessons to be learned here,” said Campbell Harvey, a finance professor at Duke University. “In the future, the level of due diligence will likely increase. It is no longer acceptable to have substantial exposure to opaque offshore entities – no matter how popular their founders are.”

Silbert first bought bitcoin in 2012, when the industry was in its early aughts.

Among the firm’s earliest employees were Michael Moro, who departed the CEO role at Genesis in August, as well as Ryan Selkis, co-founder of researcher Messari, and Meltem Demirors, the chief strategy officer of rival digital-asset investment firm CoinShares.

Grayscale has been relatively unscathed by the latest upheaval – the firm was quick to say on Wednesday that its products are functioning as normal.

Even still, the asset manager is dealing with its own set of issues. The US$10.7bil (RM49bil) Grayscale Bitcoin Trust (GBTC) is trading at a record discount to the bitcoin it holds, given that the trust’s structure doesn’t allow it to redeem shares. Grayscale sued the US Securities and Exchange Commission in June after the regulator denied the firm’s application to convert GBTC into an exchange-traded fund. But even with the record discount, GBTC is seen as a cash cow for Grayscale – and by extension, for DCG. The trust charges shareholders a 2% annual fee.

,

菲律宾博彩网址www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。菲律宾博彩网址上菲律宾博彩网址会员登录线路、菲律宾博彩网址代理网址更新最快。菲律宾博彩网址开放皇冠官方会员注册、皇冠官方代理开户等业务。

tài xỉu bóng đá
版权声明

本文仅代表作者观点,不代表本站立场。
本文系作者授权发表,未经许可,不得转载。

发表评论

评论列表(0人评论 , 2人围观)
☹还没有评论,来说两句吧...

热门标签

    此处不必修改,程序自动调用!