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vital to note that Digital Currency Group has investment in Coinbase and in Chainalysis which sells data from Coinbase to IRS — Preceding unsigned comment added by 103.5.2.59 ( talk) 10:45, 1 November 2017 (UTC)
![]() | Part of an edit requested by an editor with a conflict of interest has been implemented. [See below] |
Hello,
I am a paid consultant for Digital Currency Group. I was able to locate additional credible sources for this article, as well as expand the factual information, and finally clean up and update the formatting of the page and sources. The full changes are here User:CertifiedTurtle/sandbox/dcg.
All references should be credible news and media outlets that have a long history of being reliable sources of information for other pages on Wikipedia. I think the edits improve the quality and amount of useful information for readers. Per WP: COI, I am asking for an independent editor to review the suggested changes and make a decision on whether to implement them. If there is additional work needed, I am able to to make changes.
As the changes are fairly extensive, the following is a summary of what is being suggested.
CertifiedTurtle ( talk) 13:14, 7 May 2019 (UTC)
Below you will see where proposals from your request have been quoted with reviewer decisions and feedback inserted underneath, either accepting, declining or otherwise commenting upon your proposal(s). Please read the enclosed notes within the proposal review section below for information on each request.
Spintendo 04:25, 9 May 2019 (UTC)
Proposal review 8-MAY-2019
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![]() | This edit request by an editor with a conflict of interest has now been answered. |
Proposal review 8-MAY-2019 - Responses
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Regards, Spintendo 01:57, 17 May 2019 (UTC)
![]() | This edit request by an editor with a conflict of interest has now been answered. |
Thanks for the feedback @ Spintendo:. Your comments have been addressed below.
Extended content
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First, a general note that per WP:CS1, CS1 is not a required format. It would be helpful if you could point out specifically where the citations do not adhere to this format, as they were created with Wikipedia's own citation tool, which creates citations in CS1 format. The citations in the suggested changes to the article are consistent throughout.
Response: The Pitchbook source does list this fact. It says, "Topping the list is New York-based Digital Currency Group with 127 blockchain-related deals worldwide since its founding in 2015, according to PitchBook data." If there is a rewrite that may be better suited, please suggest. Suggest this text remains the same, as follows.
2. The claim "first as an angel investor" implies that there is second item. This item is not listed in the request, thus it cannot be assured that adding the statement "first as an angel investor" will mesh appropriately with the article. Please provide the entire sentence along with the references formatted using CS1. Response: Suggest rewrite as follows.
3. The source for this claim has not been included in the COI editor's response. Response: The sources were included in the original suggestion and there was no proposal to remove them. The suggested text above incorporates those sources.
Response: The purpose of adding these descriptors is to provide context and improve clarity about the work DCG performs. Since this is the first mention of these entities, it makes sense to state their purpose. This is common practice in Wikipedia when describing subsidiaries and business units, see Walmart#Subsidiaries and IBM#Products_and_services for examples. Suggest the text stays the same, adding a new source.
Response: The sources were included in the original suggestion and there was no proposal to remove them. The response was just an attempt to clarify a suggestion. The suggested text below incorporates those sources. Digital Currency Group also served to house Silbert’s investments in 57 other seed-stage companies in the cryptocurrency and blockchain industry. [4] [9]
6. These sources have not been formatted to CS1. Response: The sources were formatted using Wikipedia's citation tool. They were proposed to be added to the page. Suggested article text, including sources, below.
7. This response does not state what it is about giving readers a data point on the scale of the company's operations which makes this information useful. Response: This note is unclear. The purpose of including this information is to provide greater context on the services the company provides and the scale of those services, which is useful information for readers who wish to understand the nature of the Genesis subsidiary. As mentioned, many other pages have similar financial milestones that provides useful context in the same vein, such as Andreessen Horowitz (In less than two years, the company was managing a total of $1.2 billion under the two funds.), BlackRock (By the end of 1999, BlackRock was managing $165 billion in assets.) and Fidelity Investments (...and $32 billion in total defined contribution assets, as of 2015.). Another example is the McDonald's page which mentions when the company reached 100 billion hamburgers sold. Suggest keeping text same, as follows.
8. The COI editor's definition has not been referenced. Response: The definition cited for "exposure" comes from the Investopedia article on the topic. Researching other definitions and resources will reveal that this definition is commonly accepted in the financial industry, similar to how the word Port in the computing industry has a specific definition that is not related to ships. To clarify this definition, propose linking to the Wikipedia stub on the same topic. See below under #9 for the proposed text.
Response: References formatted above. Rewrote the sentence slightly to clarify that these are investment trusts which offer shares for purchase, which is how buyers gain exposure to the mentioned digital currencies.
Response: I did link them in the original comment. They are here again for reference. The first citation on BlackRock and the third citation on IBM reference company financial reports. Grayscale also releases financial reports on the state of its investment products. For example, a 2018 report on the performance of its Bitcoin Investment Trust is here. These reports exist for each of their investment products - are they appropriate sources? I understand primary sources generally run counter to WP:NOR but when it comes to company financial data, these types of reports are widely sourced throughout various articles on companies.
Finally, I still have not received feedback on the inclusion of the infobox. Barring any comment, since this information is very straightforward, I am happy to include an infobox by making direct edits to the article.
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A sandbox page with all of these suggestions implemented in full is here for ease of reference. I appreciate your and other editors' review of these comments. CertifiedTurtle ( talk) 20:33, 4 June 2019 (UTC)
References
I've taken another look at these questions here and provided boxed responses directly under the comments. Regards, Spintendo 06:33, 11 June 2019 (UTC)
![]() | This edit request by an editor with a conflict of interest has now been answered. |
Hi,
I’d like to request that an independent editor review the following proposals for updates to this article. As disclosed above, I have a conflict of interest as a paid consultant to Digital Currency Group. I am aware that there has been a problem on Wikipedia with promotional content about cryptocurrency. In this case, though, I have almost entirely mainstream press, such as The Wall Street Journal, Barrons, CNBC.com, Reuters. All of the proposed updates below are about the Grayscale subsidiary, which is the largest asset manager in the world for digital currency, and is closely regulated because of its publicly-traded funds. I am posting notice of this request to WikiProjects because anything related to digital currency is somewhat controversial so not ideal for Request Edit.
1. In the Subsidiaries section, please change the title “Grayscale”
TO:
Grayscale Investments
Rationale: Corrects name of Digital Currency Group Subsidiary.
2. In the Subsidiaries section, Grayscale subsection, please replace first sentence that reads: “Established in 2013, Grayscale is a digital currency investing firm.”
WITH:
Established in 2013, Grayscale Investments is a digital currency asset manager. [1] [2] As of November 2019, it was the world’s largest asset manager for digital currency, managing assets of $2.7 billion. [3]
Rationale: Corrects name of company. Describes Grayscale Investments as a digital currency “asset manager” because Grayscale primarily works with managing the money of investors on a specific type of asset investment, in this case digital currency. This is the definition of an asset manager. An investment firm, by contrast, focuses on the underwriting of investments, not specifically managing client’s money. So the current description of the company is wrong.
3. In the Subsidiaries section, Grayscale subsection, after the first sentence that begins: “Established in 2013, Grayscale is a digital currency investing firm.”
PLEASE ADD:
It offers funds both privately for institutional and accredited investors [4], and as publicly-traded, regulated products available to the public. [5]
“Rationale”: Updates the article to state that the company now has funds that trade on public exchanges offered to the public, not just private investors.
4. In the Subsidiaries section, Grayscale subsection, please replace the third sentence and sources, which currently reads, “The Trust trades under symbol: GBTC on the OTCQX market, and is only available to accredited investors. [6] [7]
WITH:
The Trust trades under the symbol GBTC on the OTCQX market and is available to individual and institutional investors. [8] As of January 21, 2020, Grayscale Bitcoin Trust became the first digital currency financial product to become a Securities and Exchange Commission reporting company. [9] [10]
Rationale: Updates with the fact GBTC is publicly traded and available to all individual and institutional investors, not just accredited investors (as currently in the article); Removes outdated source. Adds SEC regulation, another significant event in history of the mainstreaming of cryptocurrency investing and, in the history of this company.
5. In the Subsidiaries section, Grayscale subsection, following the current third sentence (“The Trust trades under…”) please add:
As of 2019, four of Grayscale’s funds trade publicly on the OTCQX, an American financial marketplace, and were approved by the Financial Industry Regulatory Authority, a nongovernmental agency. [11] [12]
Rationale: Updates with Grayscale receiving approval by the Financial Industry Regulatory Authority, a nongovernmental regulatory firm that is very prominent, for a publicly-traded fund, a notable milestone in the financial services industry and the history of this company.
6. In the Subsidiaries section, Grayscale subsection, as the new fifth sentence following the proposed new fourth sentence (“As of 2019, four of…)
PLEASE ADD:
In 2018, Grayscale launched the Grayscale Digital Large Cap Fund, a fund for the public to invest in a basket of the most prominent digital currencies. [13] [14] The fund gained the approval of the Financial Industry Regulatory Authority to start trading on the public markets in October 2019. [15] [16]
Rationale: Another significant milestone in the maturation of cryptocurrency as a mainstream financial product. Also, a significant event in the history of this company. While there are two sources here - Barron’s and Yahoo News -- please note that the policy against using search engines as sources does not apply to Yahoo News, which in its modern incarnation, is a professional news organization, doing their own original reporting, with well-regarded reporters and editors.The Barrons source is enough without Yahoo News, but I thought I’d explain why I included it too.
Thanks for your consideration! CertifiedTurtle ( talk) 19:17, 17 July 2020 (UTC)
They were reported as the world’s largest asset manager for digital currency in November 2019, managing assets of $2.7 billion.
As of January 2021, Grayscale was reported to be managing assets of $20.2 billion. [17]
Done with some copyediting.
Z1720 (
talk) 02:17, 2 February 2021 (UTC)
Thanks again. CertifiedTurtle ( talk) 21:36, 27 January 2021 (UTC)
References
References
![]() | This edit request by an editor with a conflict of interest has now been answered. |
I work with Digital Currency Group and would like to propose some changes to this Wikipedia page. Can an independent editor please review these suggested edits?
1. Please adjust the following standard Company Infobox as follows (please see flush right for the complete Infobox):
Company type | Private company |
---|---|
Industry | Cryptocurrency |
Founded | 2015 |
Founder | Barry Silbert |
Headquarters | , |
Area served | Worldwide |
Key people | Barry Silbert (CEO) |
Subsidiaries | CoinDesk Foundry Genesis Grayscale Investments Luno |
Website |
www |
2. In the Subsidiaries section, under the Grayscale Investments subsection, the third sentence in the first paragraph contains both out-of-date information and out-of-date sources. Please change:
From:
They are the world’s largest asset manager for digital currency [1] [2] and in January 2021 Grayscale reported that they were managing $20.2 billion in assets. [3]
To:
They were the world’s largest asset manager for digital currency, as of December 2021, with more than $50 billion in assets under management at the time. [4]
3. In the Subsidiaries section, Grayscale Investments subsection, the sixth sentence in the first paragraph is out-of-date, since six (not four) of Grayscale’s funds are now available for public trading via the OTCQX market. Please change:
From:
Four of Grayscale’s funds trade publicly on the OTCQX and the Trust trades under symbol GBTC [5] [6]
To:
As of April 2021, six of Grayscale’s funds were traded publicly on the OTCQX market: the Bitcoin Cash, the Grayscale Bitcoin Trust, the Grayscale Ethereum Trust, the Grayscale Ethereum Classic Trust, the Grayscale Digital Large Cap Fund, and the Grayscale Litecoin Trust. [7]
4. In the Subsidiaries section, Grayscale Investments subsection, the last two sentences of the first paragraph are not in chronological order. And, the existing second sentence about the Financial Industry Regulatory Authority approving “they” for public trading in 2019 is not supported by the source. The proposed replacement sentence specifies “they” refers to the Bitcoin Trust, in 2015, and provides a source.
From:
On January 21, 2020, Grayscale Bitcoin Trust became the first digital currency financial product to become a Securities and Exchange Commission reporting company. [8] They were approved for public trading by the Financial Industry Regulatory Authority in 2019. [9]
To:
Grayscale Bitcoin Trust was approved for public trading by the Financial Industry Regulatory Authority in 2015. [10] [11] On January 21, 2020, Grayscale Bitcoin Trust became the first digital currency financial product to become a Securities and Exchange Commission reporting company. [8]
The Wall Street Journal article cited above is behind a paywall. This is what it says:
Barry Silbert’s Bitcoin Investment Trust is poised to become the first publicly traded bitcoin fund, with approval and assignment of a ticker symbol by the financial industry’s main self-regulatory body paving the way for trading on an electronic platform operated by OTC Markets Group. The BIT, which was first launched in 2013 as a private fund for accredited investors with annual incomes greater than $200,000 or assets of more than $1 million, has been racing against a rival offering by twins Cameron and Tyler Winklevoss, best known for their lawsuit against Facebook Inc. Chief Executive Mark Zuckerberg.
5. In the History section, please add a new second paragraph (just one sentence). As described in Bloomberg (a first-tier editorial source), Digital Currency Group is a major investor in >160 cryptocurrency firms. A brief description of this significant part of its business seems encyclopedic.
As of November 2021, Digital Currency Group had made over 200 investments in other cryptocurrency companies.
[12]
6. The History section does not have information about the recent move of the company HQ from New York City to Stamford, Connecticut, which was covered by reliable press sources. Please add the following paragraph to the end of the History section:
In December 2021, Digital Currency Group moved its corporate headquarters from New York City to Stamford, Connecticut. The governor of Connecticut at the time, Ned Lamont, provided financial incentives for the company to relocate to Stamford, including a $5 million grant from the state government if Digital Currency Group created at least 300 full-time jobs in the state. [4]
7. The present Subsidiaries section of the article is missing “Foundry” even though it is covered in high-quality press sources. Please add the following to the Subsidiaries section as as a third subsection:
===Foundry===
Foundry, established in 2019, sets up and manages bitcoin mining operations in the United States and Canada. [13] In addition to setting up and operating its own cryptocurrency mining equipment, Foundry also provides financing, specialized digital mining equipment, and expertise to other digital currency startups. [14] Mike Colyer was the CEO of Foundry from its launch. [13]
In the summer of 2021, Foundry helped to relocate over $300 million worth of equipment from China to North America following the Chinese government shutting down many cryptocurrency mining operations. [15]
8. The present Subsidiaries section of the article is missing “Genesis” even though it is covered in high-quality press sources. Please add the following to the Subsidiaries section as as a fourth subsection:
===Genesis===
Genesis is a digital currency brokerage firm that manages cryptocurrency trading and lending. [16] It primarily services institutional investors. [17] In May 2020, Genesis acquired Volt, a London-based company that specializes in the secure holding of digital currency assets, called cryptocurrency custody. [17] As of August 2021, the CEO of Genesis was Michael Moro. [16]
This is from the cited Business Insider article, which is paywalled:
Micheal Moro [sic] is noticing a shift in crypto trading behaviours. As CEO of Genesis Trading, a crypto trading and lending firm, he’s privy to how big institutions are choosing to spend their money.
9. The present Subsidiaries section of the article is missing “Luno” even though it is covered in high-quality press sources. Please add the following to the Subsidiaries section as as a fifth subsection:
===Luno===
In September 2020 Digital Currency Group acquired Luno, a cryptocurrency exchange based in London, with other operations in Cape Town and Singapore. [18] [19] At the time of the acquisition, Luno had more than 5 million customers. [18]
Here are relevant extracts from the two cited Bloomberg articles:
Bloomberg 1:
Naspers Ltd.-backed cryptocurrency exchange Luno has been acquired by New York-based digital asset investment firm Digital Currency Group, according to a company release seen by Bloomberg…
Luno, based in London with hubs in Singapore and Cape Town, has almost 400 employees and more than five million customers, according to the report. The firm is also backed by technology investor Naspers, as well as others including Balderton Capital UK LLP, Rand Merchant Investment Holdings Ltd. and Venturra Capital, according to Luno’s
Website.
Bloomberg 2:
It will be a challenge for users to actually coordinate and act out such a plan, said Vijay Ayyar, head of Asia Pacific with crypto exchange Luno in Singapore.
10. In the lead to the article, please add the following as the new last sentence to reflect all company subsidiaries, as proposed in the above requests. WP:LEAD
The company’s five subsidiaries are CoinDesk, Foundry, Genesis, Grayscale Investments, and Luno.
Thank you for your consideration. CertifiedTurtle ( talk) 19:08, 11 April 2022 (UTC)
References
The section Digital Currency Group#Allegations of lending malfeasance is libelous, fails WP: Verification and WP:RS, and needs to be immediately removed. It is based on a self-published blog by an anonymous non-expert with 100 followers, which is a completely unacceptable source according to WP:RSSELF. Medium is a self-publishing publishing platform similar to WordPress or Tumblr - while some editorial sites use it, in this case the blogger is entirely self-published, without any editorial or expert credentials. The blogger states that the post, alleging “malfeasance”, was written as “speculation”. I have a COI as a paid consultant and don’t want to risk violating WP:COI by removing myself, although I think I would be justified in doing so under WP:Libel. Z1720, as the editor to most recently review proposals for this page, are you able to assist? Help from any editor is appreciated. Thanks. CertifiedTurtle ( talk) 16:07, 15 September 2022 (UTC)
Hi, I’d like to discuss corrections and updates to this article, as well as a small reorganization of a section. A division of DCG Called Genesis Global Capital filed for Chapter 11 and the SEC filed a complaint against it. This is a major development and should be included in the Digital Currency Group#Genesis Global Capital subsection of this article. I have a COI, as disclosed above.
But the opening chapter of these events are currently in another section at the bottom of the article called Digital Currency Group#Repercussions of FTX bankruptcy. In order to update the Genesis section completely, correctly sourced and verifiable information needs to be brought together into the same section. (Specifically, the third sentence in the FTX section reads like Genesis received a $1 billion loan, when they only sought one.) And it makes the most sense for it to be under Genesis Global Capital rather than in a new section at the bottom of the article. In addition, unsourced info should be removed.
Here’s my suggestion for what this new final paragraph for the Genesis subsection would look like:
Once this information is moved into the Genesis section, there’s no other properly sourced information left in Digital Currency Group#Repercussions of FTX bankruptcy. The first sentence in that current section is sourced solely to a tweet. The second sentence has no source (another editor removed a cryptocurrency publication as unreliable.) on January 20, 2023 by User:David Gerard. The final sentence will be moved to the proposed new final paragraph of the “Genesis Global Capital” section.
Therefore the current “Repercussions of FTX bankruptcy” section should be removed. CertifiedTurtle ( talk) 23:08, 28 February 2023 (UTC)
I think it is time for CoinDesk to be assessed for inclusion as a WP:RSThis was discussed on WP:RSN just recently and the response was "no," but if you have an argument you think can swing it, feel free to try - David Gerard ( talk) 00:55, 2 March 2023 (UTC)
References
Hi, I proposed changes to this article in February, which were reviewed by User:David Gerard and User:FeralOink but nothing was ever implemented. As I noted then, I have a COI. Since there’s been no movement on this since May 1, I’m posting requests again, although I have modified them because there have been significant changes on the page since the original proposal. Thanks for your attention to this!
“On November 10, 2022, DCG subsidiary Genesis Trading posted to their official Twitter feed that they had lost approximately $175 million dollars in the 2022 bankruptcy of Bahamas-based cryptocurrency exchange FTX. [1] The company claimed that "This does not impact our market-making activities."
These sentences are based on a tweet – which is not an allowable source on Wikipedia – or simply unsourced. (The WSJ article cited after the next sentence doesn’t support this statement.) So they should be removed.
Therefore, I propose that the rest of the subsection should be relocated as part of the Digital Currency Group#Genesis Global Capital subsection, instead.
Thanks for your time in reviewing these suggestions! CertifiedTurtle ( talk) 22:22, 22 December 2023 (UTC)
References
This is the
talk page for discussing improvements to the
Digital Currency Group article. This is not a forum for general discussion of the article's subject. |
Article policies
|
Find sources: Google ( books · news · scholar · free images · WP refs) · FENS · JSTOR · TWL |
![]() | This article is rated C-class on Wikipedia's
content assessment scale. It is of interest to multiple WikiProjects. | |||||||||||||||||||||||||||
|
![]() | The
Wikimedia Foundation's
Terms of Use require that editors disclose their "employer, client, and affiliation" with respect to any paid contribution; see
WP:PAID. For advice about reviewing paid contributions, see
WP:COIRESPONSE.
|
vital to note that Digital Currency Group has investment in Coinbase and in Chainalysis which sells data from Coinbase to IRS — Preceding unsigned comment added by 103.5.2.59 ( talk) 10:45, 1 November 2017 (UTC)
![]() | Part of an edit requested by an editor with a conflict of interest has been implemented. [See below] |
Hello,
I am a paid consultant for Digital Currency Group. I was able to locate additional credible sources for this article, as well as expand the factual information, and finally clean up and update the formatting of the page and sources. The full changes are here User:CertifiedTurtle/sandbox/dcg.
All references should be credible news and media outlets that have a long history of being reliable sources of information for other pages on Wikipedia. I think the edits improve the quality and amount of useful information for readers. Per WP: COI, I am asking for an independent editor to review the suggested changes and make a decision on whether to implement them. If there is additional work needed, I am able to to make changes.
As the changes are fairly extensive, the following is a summary of what is being suggested.
CertifiedTurtle ( talk) 13:14, 7 May 2019 (UTC)
Below you will see where proposals from your request have been quoted with reviewer decisions and feedback inserted underneath, either accepting, declining or otherwise commenting upon your proposal(s). Please read the enclosed notes within the proposal review section below for information on each request.
Spintendo 04:25, 9 May 2019 (UTC)
Proposal review 8-MAY-2019
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|
![]() | This edit request by an editor with a conflict of interest has now been answered. |
Proposal review 8-MAY-2019 - Responses
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Regards, Spintendo 01:57, 17 May 2019 (UTC)
![]() | This edit request by an editor with a conflict of interest has now been answered. |
Thanks for the feedback @ Spintendo:. Your comments have been addressed below.
Extended content
|
---|
First, a general note that per WP:CS1, CS1 is not a required format. It would be helpful if you could point out specifically where the citations do not adhere to this format, as they were created with Wikipedia's own citation tool, which creates citations in CS1 format. The citations in the suggested changes to the article are consistent throughout.
Response: The Pitchbook source does list this fact. It says, "Topping the list is New York-based Digital Currency Group with 127 blockchain-related deals worldwide since its founding in 2015, according to PitchBook data." If there is a rewrite that may be better suited, please suggest. Suggest this text remains the same, as follows.
2. The claim "first as an angel investor" implies that there is second item. This item is not listed in the request, thus it cannot be assured that adding the statement "first as an angel investor" will mesh appropriately with the article. Please provide the entire sentence along with the references formatted using CS1. Response: Suggest rewrite as follows.
3. The source for this claim has not been included in the COI editor's response. Response: The sources were included in the original suggestion and there was no proposal to remove them. The suggested text above incorporates those sources.
Response: The purpose of adding these descriptors is to provide context and improve clarity about the work DCG performs. Since this is the first mention of these entities, it makes sense to state their purpose. This is common practice in Wikipedia when describing subsidiaries and business units, see Walmart#Subsidiaries and IBM#Products_and_services for examples. Suggest the text stays the same, adding a new source.
Response: The sources were included in the original suggestion and there was no proposal to remove them. The response was just an attempt to clarify a suggestion. The suggested text below incorporates those sources. Digital Currency Group also served to house Silbert’s investments in 57 other seed-stage companies in the cryptocurrency and blockchain industry. [4] [9]
6. These sources have not been formatted to CS1. Response: The sources were formatted using Wikipedia's citation tool. They were proposed to be added to the page. Suggested article text, including sources, below.
7. This response does not state what it is about giving readers a data point on the scale of the company's operations which makes this information useful. Response: This note is unclear. The purpose of including this information is to provide greater context on the services the company provides and the scale of those services, which is useful information for readers who wish to understand the nature of the Genesis subsidiary. As mentioned, many other pages have similar financial milestones that provides useful context in the same vein, such as Andreessen Horowitz (In less than two years, the company was managing a total of $1.2 billion under the two funds.), BlackRock (By the end of 1999, BlackRock was managing $165 billion in assets.) and Fidelity Investments (...and $32 billion in total defined contribution assets, as of 2015.). Another example is the McDonald's page which mentions when the company reached 100 billion hamburgers sold. Suggest keeping text same, as follows.
8. The COI editor's definition has not been referenced. Response: The definition cited for "exposure" comes from the Investopedia article on the topic. Researching other definitions and resources will reveal that this definition is commonly accepted in the financial industry, similar to how the word Port in the computing industry has a specific definition that is not related to ships. To clarify this definition, propose linking to the Wikipedia stub on the same topic. See below under #9 for the proposed text.
Response: References formatted above. Rewrote the sentence slightly to clarify that these are investment trusts which offer shares for purchase, which is how buyers gain exposure to the mentioned digital currencies.
Response: I did link them in the original comment. They are here again for reference. The first citation on BlackRock and the third citation on IBM reference company financial reports. Grayscale also releases financial reports on the state of its investment products. For example, a 2018 report on the performance of its Bitcoin Investment Trust is here. These reports exist for each of their investment products - are they appropriate sources? I understand primary sources generally run counter to WP:NOR but when it comes to company financial data, these types of reports are widely sourced throughout various articles on companies.
Finally, I still have not received feedback on the inclusion of the infobox. Barring any comment, since this information is very straightforward, I am happy to include an infobox by making direct edits to the article.
|
A sandbox page with all of these suggestions implemented in full is here for ease of reference. I appreciate your and other editors' review of these comments. CertifiedTurtle ( talk) 20:33, 4 June 2019 (UTC)
References
I've taken another look at these questions here and provided boxed responses directly under the comments. Regards, Spintendo 06:33, 11 June 2019 (UTC)
![]() | This edit request by an editor with a conflict of interest has now been answered. |
Hi,
I’d like to request that an independent editor review the following proposals for updates to this article. As disclosed above, I have a conflict of interest as a paid consultant to Digital Currency Group. I am aware that there has been a problem on Wikipedia with promotional content about cryptocurrency. In this case, though, I have almost entirely mainstream press, such as The Wall Street Journal, Barrons, CNBC.com, Reuters. All of the proposed updates below are about the Grayscale subsidiary, which is the largest asset manager in the world for digital currency, and is closely regulated because of its publicly-traded funds. I am posting notice of this request to WikiProjects because anything related to digital currency is somewhat controversial so not ideal for Request Edit.
1. In the Subsidiaries section, please change the title “Grayscale”
TO:
Grayscale Investments
Rationale: Corrects name of Digital Currency Group Subsidiary.
2. In the Subsidiaries section, Grayscale subsection, please replace first sentence that reads: “Established in 2013, Grayscale is a digital currency investing firm.”
WITH:
Established in 2013, Grayscale Investments is a digital currency asset manager. [1] [2] As of November 2019, it was the world’s largest asset manager for digital currency, managing assets of $2.7 billion. [3]
Rationale: Corrects name of company. Describes Grayscale Investments as a digital currency “asset manager” because Grayscale primarily works with managing the money of investors on a specific type of asset investment, in this case digital currency. This is the definition of an asset manager. An investment firm, by contrast, focuses on the underwriting of investments, not specifically managing client’s money. So the current description of the company is wrong.
3. In the Subsidiaries section, Grayscale subsection, after the first sentence that begins: “Established in 2013, Grayscale is a digital currency investing firm.”
PLEASE ADD:
It offers funds both privately for institutional and accredited investors [4], and as publicly-traded, regulated products available to the public. [5]
“Rationale”: Updates the article to state that the company now has funds that trade on public exchanges offered to the public, not just private investors.
4. In the Subsidiaries section, Grayscale subsection, please replace the third sentence and sources, which currently reads, “The Trust trades under symbol: GBTC on the OTCQX market, and is only available to accredited investors. [6] [7]
WITH:
The Trust trades under the symbol GBTC on the OTCQX market and is available to individual and institutional investors. [8] As of January 21, 2020, Grayscale Bitcoin Trust became the first digital currency financial product to become a Securities and Exchange Commission reporting company. [9] [10]
Rationale: Updates with the fact GBTC is publicly traded and available to all individual and institutional investors, not just accredited investors (as currently in the article); Removes outdated source. Adds SEC regulation, another significant event in history of the mainstreaming of cryptocurrency investing and, in the history of this company.
5. In the Subsidiaries section, Grayscale subsection, following the current third sentence (“The Trust trades under…”) please add:
As of 2019, four of Grayscale’s funds trade publicly on the OTCQX, an American financial marketplace, and were approved by the Financial Industry Regulatory Authority, a nongovernmental agency. [11] [12]
Rationale: Updates with Grayscale receiving approval by the Financial Industry Regulatory Authority, a nongovernmental regulatory firm that is very prominent, for a publicly-traded fund, a notable milestone in the financial services industry and the history of this company.
6. In the Subsidiaries section, Grayscale subsection, as the new fifth sentence following the proposed new fourth sentence (“As of 2019, four of…)
PLEASE ADD:
In 2018, Grayscale launched the Grayscale Digital Large Cap Fund, a fund for the public to invest in a basket of the most prominent digital currencies. [13] [14] The fund gained the approval of the Financial Industry Regulatory Authority to start trading on the public markets in October 2019. [15] [16]
Rationale: Another significant milestone in the maturation of cryptocurrency as a mainstream financial product. Also, a significant event in the history of this company. While there are two sources here - Barron’s and Yahoo News -- please note that the policy against using search engines as sources does not apply to Yahoo News, which in its modern incarnation, is a professional news organization, doing their own original reporting, with well-regarded reporters and editors.The Barrons source is enough without Yahoo News, but I thought I’d explain why I included it too.
Thanks for your consideration! CertifiedTurtle ( talk) 19:17, 17 July 2020 (UTC)
They were reported as the world’s largest asset manager for digital currency in November 2019, managing assets of $2.7 billion.
As of January 2021, Grayscale was reported to be managing assets of $20.2 billion. [17]
Done with some copyediting.
Z1720 (
talk) 02:17, 2 February 2021 (UTC)
Thanks again. CertifiedTurtle ( talk) 21:36, 27 January 2021 (UTC)
References
References
![]() | This edit request by an editor with a conflict of interest has now been answered. |
I work with Digital Currency Group and would like to propose some changes to this Wikipedia page. Can an independent editor please review these suggested edits?
1. Please adjust the following standard Company Infobox as follows (please see flush right for the complete Infobox):
Company type | Private company |
---|---|
Industry | Cryptocurrency |
Founded | 2015 |
Founder | Barry Silbert |
Headquarters | , |
Area served | Worldwide |
Key people | Barry Silbert (CEO) |
Subsidiaries | CoinDesk Foundry Genesis Grayscale Investments Luno |
Website |
www |
2. In the Subsidiaries section, under the Grayscale Investments subsection, the third sentence in the first paragraph contains both out-of-date information and out-of-date sources. Please change:
From:
They are the world’s largest asset manager for digital currency [1] [2] and in January 2021 Grayscale reported that they were managing $20.2 billion in assets. [3]
To:
They were the world’s largest asset manager for digital currency, as of December 2021, with more than $50 billion in assets under management at the time. [4]
3. In the Subsidiaries section, Grayscale Investments subsection, the sixth sentence in the first paragraph is out-of-date, since six (not four) of Grayscale’s funds are now available for public trading via the OTCQX market. Please change:
From:
Four of Grayscale’s funds trade publicly on the OTCQX and the Trust trades under symbol GBTC [5] [6]
To:
As of April 2021, six of Grayscale’s funds were traded publicly on the OTCQX market: the Bitcoin Cash, the Grayscale Bitcoin Trust, the Grayscale Ethereum Trust, the Grayscale Ethereum Classic Trust, the Grayscale Digital Large Cap Fund, and the Grayscale Litecoin Trust. [7]
4. In the Subsidiaries section, Grayscale Investments subsection, the last two sentences of the first paragraph are not in chronological order. And, the existing second sentence about the Financial Industry Regulatory Authority approving “they” for public trading in 2019 is not supported by the source. The proposed replacement sentence specifies “they” refers to the Bitcoin Trust, in 2015, and provides a source.
From:
On January 21, 2020, Grayscale Bitcoin Trust became the first digital currency financial product to become a Securities and Exchange Commission reporting company. [8] They were approved for public trading by the Financial Industry Regulatory Authority in 2019. [9]
To:
Grayscale Bitcoin Trust was approved for public trading by the Financial Industry Regulatory Authority in 2015. [10] [11] On January 21, 2020, Grayscale Bitcoin Trust became the first digital currency financial product to become a Securities and Exchange Commission reporting company. [8]
The Wall Street Journal article cited above is behind a paywall. This is what it says:
Barry Silbert’s Bitcoin Investment Trust is poised to become the first publicly traded bitcoin fund, with approval and assignment of a ticker symbol by the financial industry’s main self-regulatory body paving the way for trading on an electronic platform operated by OTC Markets Group. The BIT, which was first launched in 2013 as a private fund for accredited investors with annual incomes greater than $200,000 or assets of more than $1 million, has been racing against a rival offering by twins Cameron and Tyler Winklevoss, best known for their lawsuit against Facebook Inc. Chief Executive Mark Zuckerberg.
5. In the History section, please add a new second paragraph (just one sentence). As described in Bloomberg (a first-tier editorial source), Digital Currency Group is a major investor in >160 cryptocurrency firms. A brief description of this significant part of its business seems encyclopedic.
As of November 2021, Digital Currency Group had made over 200 investments in other cryptocurrency companies.
[12]
6. The History section does not have information about the recent move of the company HQ from New York City to Stamford, Connecticut, which was covered by reliable press sources. Please add the following paragraph to the end of the History section:
In December 2021, Digital Currency Group moved its corporate headquarters from New York City to Stamford, Connecticut. The governor of Connecticut at the time, Ned Lamont, provided financial incentives for the company to relocate to Stamford, including a $5 million grant from the state government if Digital Currency Group created at least 300 full-time jobs in the state. [4]
7. The present Subsidiaries section of the article is missing “Foundry” even though it is covered in high-quality press sources. Please add the following to the Subsidiaries section as as a third subsection:
===Foundry===
Foundry, established in 2019, sets up and manages bitcoin mining operations in the United States and Canada. [13] In addition to setting up and operating its own cryptocurrency mining equipment, Foundry also provides financing, specialized digital mining equipment, and expertise to other digital currency startups. [14] Mike Colyer was the CEO of Foundry from its launch. [13]
In the summer of 2021, Foundry helped to relocate over $300 million worth of equipment from China to North America following the Chinese government shutting down many cryptocurrency mining operations. [15]
8. The present Subsidiaries section of the article is missing “Genesis” even though it is covered in high-quality press sources. Please add the following to the Subsidiaries section as as a fourth subsection:
===Genesis===
Genesis is a digital currency brokerage firm that manages cryptocurrency trading and lending. [16] It primarily services institutional investors. [17] In May 2020, Genesis acquired Volt, a London-based company that specializes in the secure holding of digital currency assets, called cryptocurrency custody. [17] As of August 2021, the CEO of Genesis was Michael Moro. [16]
This is from the cited Business Insider article, which is paywalled:
Micheal Moro [sic] is noticing a shift in crypto trading behaviours. As CEO of Genesis Trading, a crypto trading and lending firm, he’s privy to how big institutions are choosing to spend their money.
9. The present Subsidiaries section of the article is missing “Luno” even though it is covered in high-quality press sources. Please add the following to the Subsidiaries section as as a fifth subsection:
===Luno===
In September 2020 Digital Currency Group acquired Luno, a cryptocurrency exchange based in London, with other operations in Cape Town and Singapore. [18] [19] At the time of the acquisition, Luno had more than 5 million customers. [18]
Here are relevant extracts from the two cited Bloomberg articles:
Bloomberg 1:
Naspers Ltd.-backed cryptocurrency exchange Luno has been acquired by New York-based digital asset investment firm Digital Currency Group, according to a company release seen by Bloomberg…
Luno, based in London with hubs in Singapore and Cape Town, has almost 400 employees and more than five million customers, according to the report. The firm is also backed by technology investor Naspers, as well as others including Balderton Capital UK LLP, Rand Merchant Investment Holdings Ltd. and Venturra Capital, according to Luno’s
Website.
Bloomberg 2:
It will be a challenge for users to actually coordinate and act out such a plan, said Vijay Ayyar, head of Asia Pacific with crypto exchange Luno in Singapore.
10. In the lead to the article, please add the following as the new last sentence to reflect all company subsidiaries, as proposed in the above requests. WP:LEAD
The company’s five subsidiaries are CoinDesk, Foundry, Genesis, Grayscale Investments, and Luno.
Thank you for your consideration. CertifiedTurtle ( talk) 19:08, 11 April 2022 (UTC)
References
The section Digital Currency Group#Allegations of lending malfeasance is libelous, fails WP: Verification and WP:RS, and needs to be immediately removed. It is based on a self-published blog by an anonymous non-expert with 100 followers, which is a completely unacceptable source according to WP:RSSELF. Medium is a self-publishing publishing platform similar to WordPress or Tumblr - while some editorial sites use it, in this case the blogger is entirely self-published, without any editorial or expert credentials. The blogger states that the post, alleging “malfeasance”, was written as “speculation”. I have a COI as a paid consultant and don’t want to risk violating WP:COI by removing myself, although I think I would be justified in doing so under WP:Libel. Z1720, as the editor to most recently review proposals for this page, are you able to assist? Help from any editor is appreciated. Thanks. CertifiedTurtle ( talk) 16:07, 15 September 2022 (UTC)
Hi, I’d like to discuss corrections and updates to this article, as well as a small reorganization of a section. A division of DCG Called Genesis Global Capital filed for Chapter 11 and the SEC filed a complaint against it. This is a major development and should be included in the Digital Currency Group#Genesis Global Capital subsection of this article. I have a COI, as disclosed above.
But the opening chapter of these events are currently in another section at the bottom of the article called Digital Currency Group#Repercussions of FTX bankruptcy. In order to update the Genesis section completely, correctly sourced and verifiable information needs to be brought together into the same section. (Specifically, the third sentence in the FTX section reads like Genesis received a $1 billion loan, when they only sought one.) And it makes the most sense for it to be under Genesis Global Capital rather than in a new section at the bottom of the article. In addition, unsourced info should be removed.
Here’s my suggestion for what this new final paragraph for the Genesis subsection would look like:
Once this information is moved into the Genesis section, there’s no other properly sourced information left in Digital Currency Group#Repercussions of FTX bankruptcy. The first sentence in that current section is sourced solely to a tweet. The second sentence has no source (another editor removed a cryptocurrency publication as unreliable.) on January 20, 2023 by User:David Gerard. The final sentence will be moved to the proposed new final paragraph of the “Genesis Global Capital” section.
Therefore the current “Repercussions of FTX bankruptcy” section should be removed. CertifiedTurtle ( talk) 23:08, 28 February 2023 (UTC)
I think it is time for CoinDesk to be assessed for inclusion as a WP:RSThis was discussed on WP:RSN just recently and the response was "no," but if you have an argument you think can swing it, feel free to try - David Gerard ( talk) 00:55, 2 March 2023 (UTC)
References
Hi, I proposed changes to this article in February, which were reviewed by User:David Gerard and User:FeralOink but nothing was ever implemented. As I noted then, I have a COI. Since there’s been no movement on this since May 1, I’m posting requests again, although I have modified them because there have been significant changes on the page since the original proposal. Thanks for your attention to this!
“On November 10, 2022, DCG subsidiary Genesis Trading posted to their official Twitter feed that they had lost approximately $175 million dollars in the 2022 bankruptcy of Bahamas-based cryptocurrency exchange FTX. [1] The company claimed that "This does not impact our market-making activities."
These sentences are based on a tweet – which is not an allowable source on Wikipedia – or simply unsourced. (The WSJ article cited after the next sentence doesn’t support this statement.) So they should be removed.
Therefore, I propose that the rest of the subsection should be relocated as part of the Digital Currency Group#Genesis Global Capital subsection, instead.
Thanks for your time in reviewing these suggestions! CertifiedTurtle ( talk) 22:22, 22 December 2023 (UTC)
References