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Grayscale Investments Files for 3 New Exchange Traded Funds


On May 9, digital currency fund manager Grayscale Investments announced the establishment of the Grayscale Funds Trust and submitted registration filings for three exchange-traded funds with the U.S. Securities and Exchange Commission. Grayscale Introduces Grayscale Funds Trust and Files for 3 ETFs...

Former Coinbase Manager Sentenced to Two Years in Insider Trading Case


A former Coinbase product manager was sentenced to two years in prison in a one-of-a-kind insider trading case.  Ishan Wahi, 32, of Seattle, Washington, was sentenced by U.S. District Judge Loretta A. Preska on Tuesday for providing Coinbase’s confidential information about upcoming crypto...

Spanish Police Save Kidnapped Crypto Portfolio Manager from Gunpoint Ordeal


Spanish police have swooped to free a crypto portfolio manager who was being held at gunpoint by armed kidnappers. Per Nius Diario, the manager was captured by three assailants who held a gun to his head. The assailants reportedly threatened to kill the manager if they were not given a ransom...

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023


Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that...

US Dollar Could Lose Most of Its Value in 5 Years, Investment Manager Warns


Investment manager Larry Lepard has warned that the U.S. dollar could lose most of its value within five to 10 years. Following the onset of the Russia-Ukraine war, “the U.S. did something which I perceived to be very stupid, which is it seized $600 billion of Russian currency reserves,...

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