in

Investor group nears $125 million deal for CoinDesk – WSJ

CoinDesk is currently owned by crypto conglomerate Digital Currency Group (DCG), which bought it in 2016. Any sale would likely bolster DCG’s financial strength as the company looks to pull its Genesis unit out of bankruptcy.

DCG was also sued by Gemini, the largest creditor of Genesis, earlier this month, after the companies failed to agree to a restructuring deal for the bankrupt unit.

CoinDesk, Roszak’s investment firm Tally Capital and Vessenes’s family office did not immediately respond to Reuters requests for comment.


Source: Cryptocurrency - investing.com

South Africa calls end to long run of interest rate hikes

Midyear check-in: Take these 3 actions now to start cleaning your financial house