Following Genesis’ Bankruptcy Rumors, All Eyes Are Turned To These Company-Linked Altcoins!

Cryptocurrency Genesis Global Trading, a subsidiary of Digital Currency Group, one of the largest companies in the world, will file for bankruptcy, according to Bloomberg sources. altcoins became the focus.

Which Altcoin and Cryptocurrency Companies Does Digital Currency Group Invest?

It was also noteworthy that some of the altcoins in question, in which Digital Currency Group invested, dropped in price after the news of bankruptcy. Here are some cryptocurrencies and companies that the company has invested in:

• Acala Network: Acala is a decentralized finance (DeFi) platform built on the Polkadot ecosystem. It aims to provide a stable and decentralized platform for lending, borrowing and trading assets.
• Circle: Circle is a fintech company that offers a variety of financial services, including a cryptocurrency trading platform and a stablecoin called USDC.
• Coinbase: Coinbase is one of the most popular cryptocurrency exchanges and wallets in the world. It allows users to buy, sell and store various cryptocurrencies.
• Coindesk: CoinDesk is a news and information platform covering the cryptocurrency and blockchain industries.
• Decentraland: Decentraland is a virtual reality platform built on the Ethereum blockchain. Users can create, experience, and monetize content and apps in a virtual world.
• Flare Network: Flare Network is a smart contract platform that aims to bring the functionality of the Ethereum network to the XRP Ledger.
• Genesis: Genesis is a company that provides enterprise-grade trading and lending services for digital assets.
• Grayscale: Grayscale is a digital asset management firm that offers a variety of investment products, including Bitcoin trust and Ethereum trust.
• Hedera: Hedera is a public distributed ledger platform that allows the creation of decentralized applications.
• Kraken: Kraken is a popular cryptocurrency exchange that offers trading in various digital assets.
• Ledger: Ledger is a company that designs and manufactures hardware wallets to store and secure cryptocurrencies.
• Octopus Network: Octopus Network is a decentralized platform for trading and lending digital assets.
• Ripple: Ripple is a US-based technology company, Ripple Labs Inc. It is a real-time gross payment system, currency exchange and remittance network created by
• Silvergate: Silvergate is a bank that provides banking services to the crypto industry, including loan and deposit services.
• The Graph: The Graph is an open-source protocol for building decentralized applications, allowing developers to query data from the blockchain.
• Zcash: Zcash is a privacy-focused cryptocurrency that uses zero-knowledge proofs to keep transactions private.

*Not investment advice.