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DCG Halts Dividend to Save Cash As Genesis Tries to Avoid Bankruptcy

DCG is "strengthening our balance sheet by reducing operating expenses and preserving liquidity," according to a shareholder letter seen by Bloomberg. ....

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El Salvador OKs Bitcoin-Backed 'Volcano Bonds' and Eyes Other Cryptos

The bond issuance was originally planned for early 2022, and El Salvador seeks to raise $1 billion through the so-called volcano bonds. ....

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Celsius Cofounder Accused of Defrauding Investors in NY AG Lawsuit

The suit seeks to ban Mashinsky from conducting any future business in New York State as well as force him to make restitution to customers. ....

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Bitcoin Miner Core Scientific Files for Bankruptcy As Prices Fall

Crypto mining giant Core Scientific filed for bankruptcy on Wednesday, joining a growing list of digital asset firms to sink in 2022. ....

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Senate Banking Committee Chair Hints at Crypto Ban, Cites National Security

Senator Sherrod Brown added that a ban would be difficult because crypto would then "go offshore, and who knows how that would work." ....

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