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If You Invested $1,000 In Coinbase Stock When The SEC Lawsuit Was Filed, Here's How Much You'd Have Today
Wednesday, August 30, 2023 - 11:50am | 672The cryptocurrency sector has been highly volatile in 2023 with many companies and experts wanting more clarity on regulation. A lawsuit filed against leading cryptocurrency platform Coinbase Global Inc (NASDAQ: COIN) rattled the market earlier this year. Here’s a look at how an investment in...
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EXCLUSIVE: Watch Cathie Wood Predict SEC's Loss In Bitcoin ETF Case In Benzinga Interview
Wednesday, August 30, 2023 - 10:05am | 923Shares of cryptocurrency companies rocketed higher on the heels of a historic ruling in Grayscale Investments' lawsuit against the Securities and Exchange Commission. Longtime Bitcoin (CRYPTO: BTC) bull Cathie Wood predicted this exact event would occur and shared with Benzinga...
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Bitcoin ETF In The US? VanEck's Boss Says 'Forget It'
Friday, May 19, 2023 - 3:35pm | 487Jan Van Eck, the CEO of VanEck, an investment management firm, has predicted a bleak future for the launch of a Bitcoin-spot exchange-traded fund (ETF) in the United States, dismissing any near-term chances of approval. He expressed this sentiment during a discussion at the ongoing Bitcoin...
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SEC Ramps Up Regulatory Action, Rules Filecoin's Token A Security
Thursday, May 18, 2023 - 1:00am | 319The Securities and Exchange Commission (SEC) announced on Wednesday that it considers Filecoin’s token (CRYPTO: FIL) a security. What Happened: This decision comes after Grayscale Investments launched its Grayscale Filecoin Trust in March 2021, providing investors with indirect exposure to...
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Is Grayscale's Partnership With Coinbase On The Chopping Block? SEC Drama Unfolds
Wednesday, May 10, 2023 - 11:36am | 536Grayscale Investments CEO Michael Sonnenshein is calling on the U.S. Securities and Exchange Commission (SEC) for more regulatory clarity, with the hope that the digital currency asset manager isn't banned from using Coinbase as its custodian. In a letter, addressed to SEC Secretary...
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Is Grayscale Investments Withholding $9B In Shareholder Value? FTX Debtors Take Legal Action To Unlock It
Monday, March 6, 2023 - 5:33pm | 573FTX Trading and its affiliated debtors (together, known as FTC Debtors) on Monday announced that one of their debtor affiliates, Alameda Research, filed a lawsuit against Grayscale Investments in the Court of Chancery in the State of Delaware. The FTX Debtors also asserted claims against...
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Valkyrie Investments Offers To Run Grayscale Bitcoin Trust After Fir Tree Accuses The ETF Of Mismanagement
Wednesday, January 11, 2023 - 4:38pm | 515Fir Tree Partners, a significant shareholder of the Grayscale Bitcoin Trust (OTC: GBTC), accused Grayscale Investments of continuing to "obfuscate the facts" and "refusing to provide clear information to GBTC shareholders" in a lawsuit filed by Fir Tree last month. The...
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NY Hedge Fund Fir Tree Sues Cypto Asset Manager Grayscale As GBTC Drops To A Record-Low Discount Of 43% Vs Bitcoin
Wednesday, December 7, 2022 - 12:18pm | 430Digital currency investing and cryptocurrency asset management Grayscale Investments is being sued by New York-based hedge fund Fir Tree Capital Management for "potential mismanagement and conflicts of interest" at the company's flagship Bitcoin (CRYPTO: BTC) fund, Bloomberg reported...
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Bitcoin Bull Cathie Wood Says Grayscale 'Cash Cow' Of Barry Silbert's Group: 'They're Going To Try And Hold On To That'
Wednesday, November 23, 2022 - 10:22am | 453Cathie Wood believes digital-asset manager Grayscale Investments is the cash cow of Barry Silbert’s once-$10 billion Digital Currency Group conglomerate, according to a Bloomberg report. “We know that the Grayscale Investment trusts are the most valuable part of that company right now,...
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Barry Silbert's Grayscale Sues SEC For Rejecting Spot Bitcoin ETF Proposal
Thursday, June 30, 2022 - 1:22am | 532CEO and founder of Digital Currency Group (DCG) Barry Silbert said Grayscale Investments is suing the U.S. Securities and Exchange Commission. What Happened: Grayscale, which is owned by DCG, is challenging the decision by the SEC to deny the conversion of Grayscale Bitcoin Trust (OTC: GBTC)...
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Grayscale Points Out SEC's Inconsistency In Bitcoin Stop ETF Rejections
Monday, April 25, 2022 - 10:23am | 490Grayscale Investments — the firm behind the world's largest Bitcoin (CRYPTO: BTC) closed-end fund, Grayscale Bitcoin Trust (OTC: GBTC) — highlighted what it believes to be inconsistencies in the way the U.S. Securities and Exchange Commission (SEC) treats...
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Here's How Much $100 In Solana Would Be Worth If SOL Returns To All-Time Highs
Sunday, March 27, 2022 - 2:59pm | 449Cryptocurrency Solana has increased in value over the last few weeks as the coin is becoming more utilized for creating play-to-earn games. Here’s a look at how investors could perform if they invest in Solana (CRYPTO: SOL) now and the coin returns to all-time highs. What Happened: Solana has...
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Grayscale Files For Altcoin Fund: The 7 Coins That Are Included
Thursday, March 24, 2022 - 2:31pm | 641The company behind popular Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) trust funds is launching a new investment that will hold seven cryptocurrencies. Here’s a look at the new offering. What Happened: Grayscale Investments is launching the Grayscale Contract Platform ex-Ethereum Fund....
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Digital Currency Group Sells $700M Shares To Alphabet, SoftBank At $10B Valuation
Tuesday, November 2, 2021 - 11:14am | 429The Digital Currency Group (DCG) has completed a $700 million investment round from high-profile investors such as SoftBank Group Corp - ADR (OTC: SFTBY) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL). What Happened: According to a report from The Wall Street Journal, DCG’s $700 million...
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Grayscale Adds $300M To Cryptocurrency Assets Under Management In A Single Day
Friday, October 23, 2020 - 4:15am | 424Grayscale Investments assets under management rose by $300 million in a single day on Thursday, according to the company's CEO Barry Silbert. What Happened: The net assets under management of Grayscale grew to $7.3 billion as of Oct. 22. The company’s Grayscale Bitcoin Trust (OTC: GBTC)...