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Crypto Conglomerate DCG Suspends Dividends Amid Distress at Genesis Unit

Cryptocurrency conglomerate Digital Currency Group has informed its shareholders the firm is suspending 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," DCG said in a letter to shareholders sent on Tuesday.

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