• Grayscale liquidating XRP Trust
    Ripple,  XRP

    Citing SEC lawsuit, Grayscale liquidating XRP Trust

    Grayscale Investments said the move was a result of the SEC’s securities lawsuit against Ripple, but cited concerns it would have difficulty selling XRP rather than legal concerns

    “In response to the SEC’s action, certain significant market participants have announced measures, including the delisting of XRP from major digital asset trading platforms,” Grayscale said. As a result, the firm came to the “conclusion that it is likely to be increasingly difficult for U.S. investors, including the Trust, to convert XRP into U.S. dollars, and therefore continue the Trust’s operations.”

  • Uncategorized

    Uphold CEO: SEC’s Ripple lawsuit costing ‘completely innocent folks’ billions

    With non-Ripple XRP holders down $10 billion, the Securities and Exchange Commission is doing more damage to small investors than it is to the company, said Uphold CEO J.P. Thieriot

    While all but one of the major U.S.-based cryptocurrency exchanges—Kraken, which has maintained radio silence—responded to the enforcement action by suspending or delisting XRP, the CEO of one trading platform has come out to say he will keep XRP on the books while Ripple fights the lawsuit.

  • Uphold kick over banking
    Cryptocurrencies,  Innovators,  Technology

    J.P. Thieriot wants to kick over finance as you know it

    Digital money platform Uphold lets users trade everything from bitcoins and stock to gold and carbon emission credits—and put them on a debit card

    It’s an ambitious—to say the least—goal for the trading app company, which in September added the ability to trade fractional shares of 50 U.S.-based stocks to its list of 36 cryptocurrencies, 27 fiat currencies, four precious metals and—as of Dec. 1—tokenized carbon offset credits.