Crypto tracking service Whale Alert revealed today that in 2020, co-founder and former CTO of Ripple, Jed McCaleb’s estimated total XRP holdings sales is around $1.2 billion – at $0.20 per XRP. The research team said that this would make Jed McCaleb “the fattest XRP whale” who had “the best year so far, even thoughContinue reading “Why 2020 was the best year for the fattest XRP whale”

Grayscale Investments’ assets under management (AUM) are now worth $19 billion in crypto according to founder Barry Silbert. CEO of Digital Currency Group took to Twitter to announce that as of 29 December, Grayscale’s AUM has tripled from 1 November, when it had $7.6 billion in assets under management. The firm has also seen significantContinue reading “Grayscale holds $19 billion in Bitcoin, Ethereum and other crypto AUM”

In the wake of the recent allegations against the firm by US SEC, Ripple issued a new statement today in which the firm called the SEC’s decision “an attack” on US crypto industry and said that the lawsuit affected countless innocent XRP retail holders. Especially those “who have no connection to Ripple,” the firm said.Continue reading “Ripple releases latest statement: we look forward to working with SEC’s new leadership”

Canada-based firm, NexTech, an AR and VR solutions provider intends to make an initial investment of $2 million in Bitcoin and may add more at an unspecified date next year. Evan Gappelberg CEO of NexTech said that the investment in bitcoin was part of the firm’s new capital diversification and allocation strategy “with the intent toContinue reading “Canadian firm NexTech buys $2 million in Bitcoin; CEO reasons why”

United States Securities and Exchange Commission (SEC) today announced that it obtained an order imposing an “asset freeze and other emergency relief” against Virgil Capital LLC in connection with an alleged securities fraud relating to Virgil Sigma Fund LP, which is the firm’s flagship cryptocurrency trading fund.  Furthermore, the federal agency alleged that the fraudContinue reading “US SEC acquires order imposing asset freeze against Virgil Capital”

Replying to a Twitter user who called Bitcoin a Ponzi scheme, Stephen Palley, a digital currency lawyer at Anderson Kill, made a strong case for the popular crypto today. The lawyer said that Bitcoin at large could not be dubbed “a Ponzi.” and said: That’s as dumb as claiming it’s not manipulated […] If you’reContinue reading “‘Bitcoin price is manipulated’ isn’t an argument against it”

Major Japanese financial services company SBI Holdings published an official statement with regard to the proceedings against Ripple by the United States Securities Exchange Commission (SEC). The group said that under Japanese law, XRP is dubbed as a “cryptocurrency asset.” Last week, SEC accused Ripple and two of its executives in a lawsuit that reignitedContinue reading “Under Japanese law, XRP is a cryptocurrency asset: SBI Holdings”

Marathon Patent Group, a major enterprise Bitcoin mining company will purchase 70,000 Antminer S-19 ASIC miners from Bitmain for $170 million. The firm anticipates receiving an initial batch of miners in July next year and the final batch by the end of 2021.  Merrick Okamoto, Marathon’s Chairman and Chief Executive Officer claimed that the purchaseContinue reading “Marathon Patent to buy 70K ASIC miners from Bitmain”

In a recent interview, MicroStrategy CEO Michael Saylor said that bitcoin is an institutional-grade “safe-haven” asset and that the premium crypto was a solution to the “store of value problem” that “everyone” faced. He stated: First of all, Bitcoin itself is an institutional-grade safe-haven asset and it’s engineered to be superior to gold in allContinue reading “‘All corporations should convert USD on balance sheets to bitcoin’”

Khurram Shroff, Chairman of IBC, or International Blockchain Consulting Group, believed that cryptocurrencies could replace bullion in the future. Speaking about Wall Street’s “renewed interest” in crypto markets, the Dubai-based executive also believed that Bitcoin’s scarcity “helped maintain buoyancy” in such markets. Shroff said in a report:  Decentralized cryptocurrencies are sparking renewed interest on WallContinue reading “What is behind Wall Street’s renewed interest in Bitcoin and other cryptos?”

Blockchain tracking company WhaleAlerts identified that crypto whales moved 365.7 million XRP in total, in the last 24 hours. Overall, the XRP transaction amounted to $98,162,899. An anonymous whale made the biggest transfer of funds by moving 181 million XRP, worth about $53 million, at the time.  On 23 Dec, 18:57 UTC, even Ripple participatedContinue reading “Why Coinbase, Ripple and other crypto whales moved 365.7 million XRP”

Digital asset trust company BitGo announced on 24 December that it has $16 billion in assets under custody (AUC). Industry experts believe this could be because big investors are seeking institutional-grade security for custody. Moreover, BitGo CEO Mike Belshe claimed that the firm was seeing “unprecedented interest” from institutional investors as a result of theContinue reading “BitGo assets under custody grow to $16 billion amid institutional investments”