While firms like Gemini and Bitwise repeatedly tried and failed to win SEC approval, Kilburg cited the change in leadership at the SEC and promising developments in the space as reasons for his optimism, saying “this is all coming together here in 2021.”
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Between Tether, DeFi, and the SEC, Ripple's standing in crypto's top five is in jeopardy (Photo: Pixabay)Is XRP in danger of falling out of the top five cryptocurrencies?
XRP and Cardano’s market caps are now neck and neck, and the embattled altcoin could be demoted further if its market cap is overtaken by another token embraced by decentralized finance, Polkadot
Just a few short months ago, XRP’s market cap meant that its position in the top three cryptocurrencies was secure. Unfortunately, a confluence of factors has plunged the altcoin’s standing into peril.
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A long-time personal bitcoin investor, Bill Miller got his hedge fund into the game today (Photo: Pixabay)Hedge fund star Bill Miller putting up to $330M in BTC
The $2.25B Miller Opportunity Trust has become the latest big-name Wall Street fund to invest in bitcoin, announcing it will put up to 15% of its worth into the Grayscale Bitcoin Trust
With this action, Miller just put even more money into an asset that he has recommended for many years. According to a March 2014 Bloomberg report, he has owned Bitcoin as part of his personal investments for nearly seven years, linkening it to “making a venture bet.”
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Tesla buys $1.5B in Bitcoin, will take crypto payments, sending BTC’s price to record highs
The move comes two months after MicroStrategy’s Michael Saylor encouraged Elon Musk to convert Tesla’s balance sheet to Bitcoin
In a filing with the U.S. Securities and Exchange Commission, the electric vehicle manufacturer also confirmed that it plans to accept BTC as a payment method soon. However, it’s unclear whether or not such payments would be converted into cash immediately afterwards.
