Managing director Michael Sonnenshein takes the reins as CEO as the company’s flagship Grayscale Bitcoin Trust purchased nearly 73,000 bitcoins in December, more than 2.5 times the total number of BTC mined that month.
Another day, another all-time high for Bitcoin as the largest cryptocurrency hits $38,500 on January 7. Meanwhile, a surprise move from XRP was the talking point among market participants on the day.
In December 2019, asset manager Tetragon Financial Group led Ripple’s $200 million Series C investment round. Now, it is seeking to enforce a contractual provision to back out of its investment, Ripple said in a public statement on Jan. 5.
Seeking class action status, the petitioners have asked the court to force the SEC to place any funds it receives from its own lawsuit against Ripple and two top executives in a trust for individual retail investors harmed by the agency's action.
