• Bitcoin,  People,  Uncategorized

    ‘Bitcoin is better at being gold than gold’: SkyBridge Capital’s Scaramucci

    Wall Street Star Anthony Scaramucci also said that if the new digital gold’s market cap reaches just half of old yellow gold’s—about $5 trillion—BTC’s value would increase tenfold

    Scaramucci is the latest traditional finance heavyweight to join the ranks of open Bitcoin proponents. As Modern Consensus reported in mid-December, the participation of institutional investors and big-name investors is the main reason why many believe this Bitcoin bull run to be different from the previous ones.

  • 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.

  • Three Arrows $1.24B Grayscale Bitcoin Trust
    Uncategorized

    Three Arrows Capital has $1.24B in Grayscale Bitcoin Trust shares

    The Singapore-based investment firm is the biggest holder of Grayscale’s bitcoin fund shares, with shares worth the equivalent of 36,969 BTC

    Grayscale Bitcoin Trust is the world’s biggest Bitcoin fund, which it says worth $19.1 billion as of Jan. 4. Grayscale saw rapid growth this year, and in September was once even reported to be buying $200 million worth of Bitcoin in three days.

  • South African MTI exit scam
    Cryptocurrencies,  Regulation,  Uncategorized

    South African crypto exchange may have exit scammed $644M

    Mirror Trading International’s customers ran to authorities after finding themselves unable to withdraw funds

    Cape Town High Court granted a provisional liquidation order against MTI on Tuesday. The measure was taken following two complaints filed last week by the firm’s customers who found themselves unable to withdraw their funds.