Last year, many crypto firms and startups went under due to the turmoil in the space. In addition, the devastating impact of the crypto winter affected many businesses as prices of crypto assets fell below expected levels.
The entire crypto market, and especially Bitcoin, have been badly affected by the unexpected collapse of the FTX crypto exchange weeks ago. Bitcoin price has gone as low as $15,800 within that time even though it sold at nearly $70,000…
The Digital Currency Group (DCG) is flexing its balance sheet muscle once again in the Bitcoin market. The parent company of Grayscale Investments revealed it’s acquiring London-based cryptocurrency exchange Luno, whose focus is on the emerging and frontier markets, where Bitcoin is king.
Blockchain-focused investment firm Digital Currency Group has acquired Luno, a retail-focused cryptocurrency exchange with over five million customers.