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Grayscale resolves lawsuit with Fir Tree over proposed changes to Bitcoin Trust

Grayscale Investments has reached an agreement with New York-based investment firm Fir Tree Capital Management over its Bitcoin Trust.According to a July 11 announcement from Fir Tree, Grayscale agreed to provide additional documentation related to its Bitcoin Trust (GBTC) after the firm filed a lawsuit in December 2022. The complaint

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Wisdom Tree, T. Rowe Among TradFi Firms to Test Avalanche’s Blockchain Subnet

“Participating in the Avalanche Spruce testnet presents a valuable opportunity to deepen our understanding and analysis of smart contract technology and the potential applications of public, permissioned blockchains in financial markets,” said Blue Macellari, head of digital assets strategy at T. Rowe Price Associates. Source

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Hedge Fund Fir Tree Sues Grayscale for Details on GBTC: Bloomberg

A Grayscale spokesperson told CryptoX the company's "mission is to help investors access the ever-evolving crypto ecosystem through familiar, secure, and transparent investment vehicles. We respect the views of our shareholders, and appreciate engaging directly with them on the details of our product structures and operating model." Source

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Bitget Shares Merkle Tree Proof of Reserves to Enhance Transparency Users’ Assets Safeguarded With at Least 1:1 Reserve Ratio – Sponsored Bitcoin News

sponsored Leading global cryptocurrency exchange, Bitget, announces today that it is launching its Proof of Reserves Page, which will demonstrate to users that we are a full-reserve exchange, as supported by its Proof of Reserves (“PoR”), using the cryptographic-audited Merkle tree method, and that users’ assets stored on the platform

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LBank Announces to Publish an Auditable Merkle Tree and Proof of Reserves (POF) – Press release Bitcoin News

press release PRESS RELEASE. INTERNET CITY, DUBAI, Nov. 12th, 2022 – Global crypto exchange, LBank, has recently announced that it will share its Merkle-tree proof-of-reserves, in view of recent concerns about the opaque nature of certain industry issues. LBank gave a public statement on November 9th stating that the exchange

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