• Grayscale new CEO
    Bitcoin,  Cryptocurrencies

    Crypto asset manager Grayscale names Michael Sonnenshein CEO

    He steps up as the crypto asset manager’s assets under management explodes, with nearly $19 billion pouring in over the past six months

    Managing director Michael Sonnenshein takes the reins as CEO as the company’s flagship Grayscale Bitcoin Trust purchased nearly 73,000 bitcoins in December, more than 2.5 times the total number of BTC mined that month.

  • markets report bitcoin price XRP
    Bitcoin,  Markets Report,  XRP

    Markets Report: XRP delivers 55% daily gains as Bitcoin targets $40,000

    An unlikely renaissance for troubled XRP comes despite Ripple still facing legal action from U.S. regulators

    Another day, another all-time high for Bitcoin as the largest cryptocurrency hits $38,500 on January 7. Meanwhile, a surprise move from XRP was the talking point among market participants on the day.

  • Ripple sued by investor Tetragon
    Regulation,  Ripple,  XRP

    Ripple sued by investor in wake of SEC’s XRP lawsuit

    Asset manager Tetragon Financial Group is demanding Ripple buy back its investment as a result of the Securities and Exchange Commission’s claim that XRP is an unregistered security

    In December 2019, asset manager Tetragon Financial Group led Ripple’s $200 million Series C investment round. Now, it is seeking to enforce a contractual provision to back out of its investment, Ripple said in a public statement on Jan. 5.

  • XRP investors sue SEC
    Regulation,  Ripple,  XRP

    XRP investors sue SEC, demanding damages

    The lawsuit seeks to force the Securities and Exchange Commission to declare that XRP held by non-Ripple investors is not a security, and accuses former SEC chairman Jay Clayton of personal hostility

    Seeking class action status, the petitioners have asked the court to force the SEC to place any funds it receives from its own lawsuit against Ripple and two top executives in a trust for individual retail investors harmed by the agency's action.