• 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

    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.

  • Russian power firm fights illegal miners
    Bitcoin,  Technology,  Uncategorized

    Russian power firm: illegal crypto miners steal $9.5M

    Russian power grid firm Rosseti fears that record high prices will encourage illegal Bitcoin miners and threatens to disrupt the country’s electrical grid

    Russian power firm Rosseti is afraid that record-high Bitcoin (BTC) prices may spur a new wave of illegal cryptocurrency mining operations stealing electricity and threatening to disrupt Russia’s electrical grid.