CoinDesk has enlisted investment bankers to help it weigh up potential sale options, as its parent company DCG looks to recoup funds.
CoinDesk and Genesis are among some 200 crypto-related businesses in DCG’s venture capital portfolio, according to its website. Other companies that DCG owns include asset management firm Grayscale Investments, crypto exchange Luno, and advisory firm Foundry.
Cointelegraph has reached out to CoinDesk for confirmation that a potential sale was being considered, but was yet to receive an answer at the time of publishing.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Conglomerate DCG Suspends Dividends Amid Distress at Genesis Unit'In response to the current market environment, DCG has been focused on strengthening our balance sheet by reducing operating expenses and preserving liquidity,' it told shareholders in a letter Tuesday.
Read more »
DCG halts dividend to save cash as Genesis tries to avoid bankruptcyDCG suspends quarterly dividends to preserve cash as Genesis lending unit tries to avoid bankruptcy, report says
Read more »
DCG Suspends Quarterly Dividends Amidst Genesis Crisis: ReportDCG's subsidiary underwent a second round of job cuts after being hit by FTX implosion.
Read more »
FTX bosses like Bankman-Fried gave funds to 37% of Congress: CoinDeskFTX execs gave campaign cash to 37% of Congress, including House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer, report says
Read more »
CoinDesk Broke Big News About FTX. Now the News Is Closer to Home.“My view about crypto is that it’s just not going away no matter what anybody might wish,” CoinDesk Chief Content Officer mikejcasey says. He shares with the nytimes what he predicts for the space’s future after a tumultuous year for digital assets:
Read more »