• Bitwise $500M
    Bitcoin,  Cryptocurrencies

    Bitwise crosses $500M in assets under management

    The crypto index fund provider and asset manager’s assets increased fivefold since the end of October

    “The speed at which professional investors are moving into crypto right now is remarkable,” said Bitwise co-founder and CEO Hunter Horsley, noting that a growing number of institutional investors are increasingly convinced that it has a place in mainstream portfolios.

  • Bitwise liquidates XRP holdings
    Regulation,  Ripple,  XRP

    Crypto fund manager Bitwise liquidates XRP

    The firm sold its XRP holdings after the SEC claimed in a lawsuit that the cryptocurrency is a security—which can only be sold by registered broker-dealers

    “The Bitwise 10 Crypto Index Fund does not invest in assets that are reasonably likely to be deemed securities under federal or state securities laws,” the company said. “Bitwise's decision to liquidate its position in XRP was based on consideration of new public information from the SEC's complaint.”

  • coinbit fraud
    Bitcoin,  Cryptocurrencies,  Regulation

    Police seize ‘major’ South Korean crypto exchange Coinbit, 99% of volume was fake

    Law enforcement raided Coinbit’s offices, confiscating $84 million in allegedly illegal profits and searching several locations including the firm’s Seoul headquarters

    South Korean law enforcement estimates that Coinbit raked in at least 100 billion won (over $84 million) through its alleged unfair practices. The exchange’s actions are believed to have negatively affected its 252,000 monthly active users.

  • Jay Clayton’s leaving the SEC
    Bitcoin,  Cryptocurrencies,  Regulation,  United States

    Jay Clayton’s leaving the SEC. Could this be crypto’s big break?

    There are hopes that his successor as SEC commissioner will increase the likelihood of a Bitcoin exchange-traded fund finally being approved

    SEC chairman Jay Clayton has been nominated as high-powered position as the U.S. Attorney for the Southern District of New York. Now, nerves are growing as to who will be tapped to take on his regulatory role, where he has been a persistent thorn in the side of Bitcoin and cryptocurrency boosters.