• Ripple Malaysia Bangladesh remittances
    Ripple,  XRP

    Ripple wins contract to power Malaysia-Bangladesh remittances

    The partnership between Malaysia’s Mobile Money and Bangladesh’s top remittance service, bKash, comes despite an SEC lawsuit causing Ripple problems in the U.S.

    Malaysian mobile finance firm Mobile Money will connect with Bangladesh’s largest mobile financial services provider bKash—and its 45 million customers—via the RippleNet system. The partnership comes at a good time for Ripple, which is struggling with a lawsuit by the U.S. Securities and Exchange Commission.

  • 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.”

  • Gary Gensler at the SEC
    Cryptocurrencies,  Regulation,  Ripple,  XRP

    Gary Gensler at the SEC: Will he be a friend to the crypto industry?

    Although he’s written passionately about digital assets in the past, he’s previously said that most cryptocurrencies sold through ICOs are securities

    If appointed, his tenure at the SEC would likely be considerably different than Jay Clayton’s, whose legacy has been tainted by a considerable lack of regulatory certainty surrounding digital assets—much to the exasperation of the cryptocurrency innovators and investors, as well as some regulators like SEC Commissioner Hester “Crypto Mom” Peirce.

  • 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.