Grayscale Gifts $1 Million To Coin Center, Will Match Up To $1 Million More I...
Today, crypto research and advocacy group Coin Center received a $1 million donation from Grayscale Investments, as well as a commitment to match any donations made in February up to an additional $1 million. This donation is the second of its kind, which was first pioneered by Kraken back in 2018 with a similar donation and matching campaign. “The Coin Center team has been amazed by the outpouring of support that the cryptocurrency community has shown us over the years, and especially the last few months,” reads an announcement on the group’s website. “Thank you to everyone who has....
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Grayscale hopes to build off the success of Kraken’s donate-and-match program from 2018. Grayscale Investments, the world’s largest digital-asset manager, has pledged $1 million to Coin Center, Washington, D.C.’s most influential cryptocurrency advocacy group — a move it believes will help broaden “foundational knowledge” of the industry.The million-dollar donation was announced Monday in a press release, which also revealed Grayscale’s plan to match contributions to Coin Center through the end of February. Over that period, Grayscale plans to match donations dollar-for-dollar up to an....
The D.C.-based advocacy group just raised millions for its ongoing research and lobbying efforts. Here’s how the numbers broke down. 2021 is shaping up to be a generous year for cryptocurrency donations. On Wednesday, Coin Center, the leading cryptocurrency nonprofit in Washington, D.C., announced that it had raised millions in additional funding from high-profile names in the crypto industry. Jerry Brito, Coin Center’s executive director, tweeted that his organization had received enough donations to claim the $1 million in matched contributions from Grayscale Investments, the world’s....
The crypto exchange cited Coin Center’s work in challenging the proposed FinCEN self-hosted wallet rule as well as the STABLE Act from the U.S. government. Kraken has pledged $100,000 to Coin Center, a cryptocurrency advocacy group based in Washington D.C.In a blog from the crypto exchange today, Kraken said it had donated the funds to promote Coin Center’s work in educating regulators about digital assets an advancing the rights of crypto users. The exchange said that the advocacy group "has been a vanguard for challenging policies such as the proposed STABLE act as well as recent rushed....
Grayscale Investments said Thursday that it added $300 million in net assets under management (AUM) in just the last 24 hours. The firm now has a record $7.3 billion in total AUM, according to a tweet by Barry Silbert, chief executive officer of the Digital Currency Group, Grayscale’s parent company. The biggest daily increases were reported in the litecoin trust, whose value rose 8% to $34.3 million. The bitcoin trust remains Grayscale’s biggest portfolio, inching 4% to $6 billion. The ETH and BCH trusts rose 4.9% and 4.6% respectively. Others gained between 2% and 6%.....
The investment firm purchased 17,100 BTC in the last week. Crypto fund manager Grayscale Investments has increased the assets under management in its Bitcoin Trust by more than $180 million over the past week.According to data from information platform Bybt, Grayscale added 17,100 Bitcoin (BTC) to the firm’s Bitcoin Trust in the last seven days. The company now has 449,900 total coins under management — worth roughly $4.9 billion with the crypto asset at $10,890, closing above $10,000 every day for the last 63 days.This effectively means Grayscale controls roughly 2.4% of total coin supply....