First Mover Americas: Crypto Winter Chills at Digital Currency Group, Coinbase

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In the wake of the collapse of FTX_Official, more $BTC is being held in self-custody in offline thumb drives instead of in central exchanges.

Digital Currency Group, a crypto conglomerate that owns CoinDesk, is suspending its dividends

until further notice."In response to the current market environment, DCG has been focused on strengthening our balance sheet by reducing operating expenses and preserving liquidity. As such, we have made the decision to suspend DCG's quarterly dividend distribution until further notice,” the firm wrote in a letter to shareholders on Tuesday.citing"market conditions." Customers have until Feb.

 

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FTX_Official Since at least 50% of Bitcoin transactions/trades are bogus (wash trading), then that percentage will increase as the number of real tradings will fade away. You can run away with the number on the ledger, but not the price.

FTX_Official

FTX_Official That's where it should be!

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