If you are not familiar with the Digital Currency Group, you can check out some previous posts HERE. In summary, they are a corporation made up of big money interests like Nasdaq, Citibank, and several other large players with fingers in finance and banking. Via this excellent piece by The Block, they’ve mapped out their portfolio of investments. It just a summary, but it gives you 1) and idea of their scope of influence, and 2) a LOT of leads to do further research.
If you want to understand the ecosphere better, it helps to understand what some of the whales are doing. Dig in and enjoy.
Be well, Everyone.
For more posts with the Digital Currency Group, clickHERE
Take a look at the investor roster of major companies in the crypto space and you’ll notice a certain firm that frequently appears: Digital Currency Group (DCG). Founded by Barry Silbert in 2015, DCG was originally made up of two bitcoin businesses, Genesis Global Trading, a cryptocurrency OTC trading firm, and Grayscale Investments, a cryptocurrency asset management firm combined with a few of Silbert’s personal seed investments.
Since then, the DCG has made investments in multiple verticals in the crypto space. From exchanges to blockchain protocols to media companies, DCG has spread its influence into every crevice of the market. The end goal? As Silbert tells Reuters, in a 2017 profile, he “aspires to build DCG into a publicly traded conglomerate like Berkshire Hathaway Inc, run by legendary investor Warren Buffett.” The goal looks increasingly likely with each passing day as the firm continues to make investments in blockchain and crypto companies, some of which are deeply influential in shaping the crypto landscape.
The Block has mapped out Digital Currency Group’s portfolio of 100+ companies.
CoinDesk (DCG subsidiary) is a news site cover crypto assets and blockchain technology
Digital Assets Data developers enterprise-grade software and data feeds for crypto hedge funds and other market participants.
EtherScan is an Ethereum blockchain explorer and data provider
Flipside Crypto providers data for measuring cryptocurrency project health
Joystream is a digital content platform
Livepeer is a peer-to-peer platform for live video broadcasting and streaming
NICKL is a digital content subscription platform
Nomics is a crypto asset data company providing market data APIs
TradeBlock develops enterprise tools for blockchain assets
Tradewave ceased operations in March 2017
Yours is a crypto-backed social network
Abra operates an app for buying and selling cryptocurrencies
bitFlyer is a Japanese bitcoin exchange
BitOasis is a bitcoin exchanging serving the Middle East and North Africa
Bitso is a Mexican bitocin exchange and Ripple gateway
Bitwala is a platform for buying and selling bitcoin
BTCC was acquired in January 2018
Buda is a South American cryptocurrency exchange
Circle develops products for exchanging, storing, sending, and receiving cryptocurrencies
Coinbase is a cryptocurrency wallet and exchange platform
Coinhouse is a cryptocurrency excahnge
Coins is a Southeast Asian platform for buying, selling, sending, and spending cryptocurrencies
Genesis Global Trading (DCG subsidiary) is a cryptocurrency OTC trading firm
Grayscale (DCG subsidiary) is a cryptocurrency asset management firm
itBit is a cryptocurrency exchange
Korbit was acquired in September 2017
Kraken is a cryptocurrency exchange and OTC trading platform
Luno is a cryptocurrency wallet provider and exchange
Melotic is developing cryptocurrency exchange
Omniex is a cryptocurrency investment and trading platform for institutions
Radar Relay is a non-custodial peer-to-peer cryptocurrency trading service
Safello is a bitcoin trading platform
SFOX is a cryptocurrency prime dealer for large-scale investors
ShapeShift is a cryptocurrency exchange
Unocoin is an Indian cryptocurrency exchange
BitPay is a bitcoin payment processor
BitPesa is a bitcoin remittance platform
ChangeTip was acquired in April 2016
Colu is a blockchain-based payments and rewards platform
Jiko is developing a digital bank
Logos is a blockchain-based payment rail
Money Button is a cryptocurrnecy payment button for websites and apps
POSaBIT is a cryptocurrency payment solution for the cannabis industry
Ripio is bitcoin payment platform for Latin Amercian businesses
Ripple is a cross-border payment platform
Silvergate is a banking platform
Streami is a cross-border remittance platform
Token is a banking service provider
Veem is a business to business payment platform
Wyre is an enterprise money transfer platform
Blockstream develops Bitcoin infrastructure and services
Colbalt develops back and middle office infrastructure based on blockchain technology for FX markets
Elemential enables businesses to deploy and developer blockchain networks
Enimga is developing a privacy layer for building dApps
Lightning Labs develops scaling protocols for blockchains
Nivaura developers end-to-end automation infrastructure for securities
Parity developers Ethereum infrastructure and services
Protocol Labs build protocols, systems, and tools for storing and transferring data
Terminal is a platform for managing Web 3 protocols and dApps
OpenZeppelin develops and implements smart contracts for various industries
Carbon is a stablecoin
Zcash is a privacy coin
Ethereum Classic is a token for a smart contract platform
Horizen is a privacy coin
Reserve is a stablecoin
Rootstock Infrastructure Framework (RIF) is the token behind the Rootstock sidechain
Bitcoin is the first consensus-based, censorship-resistant, peer-to-peer cryptocurrency
Filecoin is a token for decentralized data storage
Lucid Sight is a blockchain gaming studio
Decent is a blockchain healthcare platform
Stratumn is a process verification service
Mifiel enables businesses to sign legal contracts using blockchain technology
BTCJAM ceased operations in May 2017
HashPlex is a cryptocurrency mining service
21 Inc (a.k.a EARN) was acquired in April 2018
Gem is a crypto portfolio tracker
Jackpocket is a mobile app for playing state lotteries using cryptocurrencies
BitGo is a cryptocurrency custody provider
Blockchain a cryptocurrency custody provider
CoinJar a cryptocurrency custody provider
Ledger a cryptocurrency custody provider
Vault a cryptocurrency custody provider
Xapo a cryptocurrency custody provider
Filament is a decentralized IoT platform
Hijro connects banks, buyers, and suppliers across one network designed to streamline and automate settlement
Provenance enables businesses to track products across their supply chain lifecycle
Skuchain develops smart contracts that govern trade agreement from order, shipment and invoice to final payment
Chainalysis developers tools and services to prevent, detect, and investigate cryptocurrency money laundering, fraud, and compliance violations
Elliptic identifies illicit activity on blockchain networks and provides actionable intelligence to companies, financial institutions, and government agencies
Norbloc builds regulatory applications for blockchains
If you’re ever in Chicago, you’re always welcome to swing by one of the live meetups.
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Merch
If you’re looking for Bitcoin and SmartCash shirts, stickers, bags, and other goodies, check out the store here
Purchasing Cryptocurrencies
Looking to start purchasing cryptos? Open an account at Coinbase, and you’ll receive $10 in free bitcoin for your first purchase of $100 or more. Link HERE
Binance is a great exchange to buy and sell cryptos. More Info Here
Kucoin is also a good option for coins not listed on Binance. More Info Here
Changelly is a good option for exchanging coins without having to use an exchange and the fees are reasonable. More Info Here
Mining Cryptocurrencies on your PC
Are you new to cryptos and want an easy way to mine them? The easiest way to get started is to use the Honeyminer. More Info Here
If you’re a little more technical, Minergate is a good option as well. More Info Here
I also like Coinami for both the PC and smartphone. More info Here
I manage this blog because I love being involved in the space and sharing what I’ve learned. If you’d like to say “thanks” in return, you can do so over at the TIP JAR
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