Digital Currency Group OTCQX market, and is only available to accredited investors. CoinDesk is a global media, research, and events platform that was acquired by Digital Currency Group in 2016. The company is best known for its coverage of blockchain’s daily news, Bitcoin Price Index and data tools, and its tutorials and research products, including the quarterly "State of Bitcoin" report. CoinDesk also hosts a conference on digital currencies and blockchain technologies titled "Consensus", which was last held in May 2016 in New York City and hosted over 1,500 attendees. Digital Currency Group Digital Currency Group (DCG) is a venture capital company focusing
Virtual currency law in the United States The Internal Revenue Service (IRS) describes Virtual Currencies (VCs) as "a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value [and] does not have legal tender status in any jurisdiction." Although, electronic payment systems have been part of American life since at least 1871 when Western Union "introduced money transfer" through the telegraph and in 1914 "introduced the first consumer charge-card", virtual currencies differ from these digital payment structures because unlike traditional digital transfers of value, virtual currencies do not represent a claim on value; rather the virtual currency