MasterCard Invests In Silbert's Digital Currency Group
MasterCard is backing Barry Silbert's newest initiative, Digital Currency Group, his first since selling SecondMarket to Nasdaq last week. Many believe this marks a major development in the Bitcoin space as the digital currency flirts with the $300 level. Silbert has gained the support of big-time backers for the new conglomerate focused exclusively on Bitcoin and other block chain technologies. The new company, Digital Currency Group (DCG), will include Silbert's over-the-counter Bitcoin trading firm, Genesis Global Trading, as well as Grayscale Investments, a digital currency asset....
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Barry Silbert, Founder of the recently acquired SecondMarket, announced at Money20/20 that the Digital Currency Group had raised its round of capital. Digital Currency Group, otherwise known as DCG, was formed when Genesis Global Trading-a bitcoin OTC trading firm-and Grayscale Investments-a digital currency asset management firm that manages Bitcoin Investment Trust (GBTC)-were combined into one entity. Along with these two companies, Mr. Silbert also combined his diverse portfolio of seed investment in the bitcoin and blockchain space. Some of his early investments include BitPay,....
Founder and CEO of SecondMarket Barry Silbert announced last July that he would be stepping down after nearly 11 years to focus solely on Bitcoin-related projects. Friday morning Silbert tweeted the name, Digital Currency Group (DGC). Marking its launch as an important step in separating his focus from SecondMarket. Digital Currency Group is only the latest of Silbert's Bitcoin ventures. Followers of the young cryptocurrency are certainly familiar with the other companies benefiting from his investments. Bitpay, Coinbase, Circle, Gyft and Kraken are among the 30+ companies to receive funds....
The virtual currency market has another reason to rejoice. Barry Silbert's Digital Currency Group (DCG) has successfully raised money from at least 11 firms with fresh funding from companies like Bain Capital Ventures and MasterCard. As per Bloomberg, the other investors are Canadian Imperial Bank of Commerce and New York Life Insurance. Further, a CNBC report stated that other investors are the FirstMark Capital, Oak HC/FT, Novel TMT, RRE Ventures, Transamerica Ventures, and Solon Mack Capital. Silbert made an announcement on this development at the Money 20/20 financial technology....
Western Union, whose business model of money transfer could be under threat from bitcoin, is one of the new investors in Digital Currency Group (DCG). DCG is an investment firm focusing on the bitcoin/blockchain technology space. Could this herald changing times? Digital Currency Group was set up in October 2015 to focus on investments in the nascent bitcoin and blockchain technology space. Its portfolio of investments includes 70 companies across 22 countries. It has 3 subsidiaries – Genesis, Grayscale and CoinDesk. The CEO and Founder of DCG is Barry Silbert, who had earlier founded....
Barry Silbert and Digital Currency Group are two names many Bitcoin enthusiasts will be more than familiar with. It should come as no surprise to find out that DCG is keeping a close eye on the progress of Bitcoin and blockchain technology in India, which is one of the world’s leading emerging markets. Unocoin is one of the leading Bitcoin in India, and DCG has invested in this company, among others. Digital Currency Group Makes Strategic Investments. The country of India provides an interesting playing ground for Bitcoin, blockchain technology, and digital currency in general. With a....