Commissioner Hester Peirce aka “Crypto Mom” revealed in a tweet today that United States Securities and Exchange Commission (SEC) has appointed Elad Roisman as chairman. According to Peirce:  Congratulations, Chairman Roisman! I look forward to your leadership of the SEC. — Hester Peirce (@HesterPeirce) December 24, 2020   The development follows soon after former ChairmanContinue reading “Pro-crypto Elad Roisman appointed new chairman of United States SEC”

Santiment analysis found that ever since SEC announced its charges against Ripple, a number of wallets with large amounts of XRP seem to be shrinking. Santiment data indicated that wallets that hold 10 million XRP and more – worth more than $490,000 – have been on the decline. XRP whale addresses have dropped by 18,Continue reading “Are XRP whales dumping their coins?”

United States Securities and Exchange Commission (SEC) today issued a statement and requested for comment on the issue of “custody of digital asset securities by broker-dealers.”  The federal agency believed this would encourage innovation around the application of Securities Exchange Act Rule to digital asset securities.  According to the Commission, a broker-dealer operating under certainContinue reading “SEC: Broker-dealers holding security tokens won’t be subject to enforcement action for 5 years”

Crypto fund manager Bitwise announced that the firm’s Bitwise 10 Crypto Index Fund has liquidated its position in XRP.  Recently, US Securities and Exchange Commission accused Ripple and two of its executives that they allegedly raised over $1.3 billion through an unregistered, “ongoing” securities offering. Bitwise’s decision was a result of the SEC charges. The firmContinue reading “Bitwise crypto index fund liquidates its XRP position”

Canadian miner Bitfarms deployed 1,000 Whatsminer M31S mining rigs. Additionally, the firm will soon acquire 3,000 Whatsminer M31S+ miners which will arrive in late February next year. The firm said this would amp up computing power and drive the growth of DeFi economy. With the addition of these new miners, Bitfarms’ total operating hashrate willContinue reading “Bitfarms deploys 1,000 Whatsminer rigs; acquires 3,000 miners”

The Italian Banking Association or ABI said that it was collaborating with its ABI Lab to initiate experiments with regard to a digital euro project. The initiative will aim to actively support banks operating in Italy in the process of preparing for the future scenario. ABI said in a statement:  The aim of the initiativeContinue reading “Italian Banking Association initiates experiments on digital euro”

Soon after Ripple CEO Brad Garlinghouse said that SEC was planning to sue the firm over its sale of XRP, Billionaire investor and Galaxy Digital founder Mike Novogratz took to Twitter to speak about the recent developments. On 22 December, Novogratz said that he found it strange that Jay Clayton “waited years” to sue Ripple.Continue reading “XRP vs BTC & ETH? Cryptocurrency industry observers take sides on Ripple lawsuit”

Craig Wright’s wife Ramona Ang won a legal battle with fintech firm Reliantco that operates crypto exchange UFX. According to court documents, Ramona Ang alleged that she lost bitcoin worth about $3 million after UFX terminated her account on the platform. Ang also claimed that the exchange did not return her funds after it closedContinue reading “Bitcoin SV: Craig Wright’s wife wins lawsuit over Bitcoin losses”

US Securities and Exchange Commission filing stated that Anthony Scaramucci intends to launch a new bitcoin fund – named SkyBridge Bitcoin Fund L.P- which has been incorporated in the state of Delaware.  The filing detailed that Scaramucci, as well as Brett Messing, a partner at SkyBridge Capital, would hold executive roles at the fund. Additionally,Continue reading “SEC filing reveals Anthony Scaramucci’s plans for ‘bitcoin’ investment fund”

Grayscale Investments has temporarily disabled purchase of new shares for Bitcoin, a Twitter user pointed out today. The firm has also stopped the purchase of shares of other cryptocurrencies such as Ethereum, Litecoin, Ethereum Classic, and Bitcoin Cash. However, the company is still offering crypto shares for Zcash, XRP, and Horizen.  Grayscale periodically shuts itsContinue reading “Grayscale disables purchase of new shares for Bitcoin, Ethereum, Litecoin, others”

MicroStrategy’s CEO Michael Saylor took to Twitter to announce that the firm has purchased an additional ~29,646 Bitcoins for about $650 million “in cash in accordance with its Treasury Reserve Policy.” The CEO disclosed that the firm made the purchase at an average price of approximately $21,925 per Bitcoin.  To date, the firm holds anContinue reading “After advising Elon Musk on BTC strategy, MicroStrategy CEO reveals firm’s purchase of 29,646 Bitcoin”

UK-based crypto exchange Exmo has suffered a hack that compromised 5% of its total assets. In a security incident update, the Exmo team notified its users of detecting a “suspicious withdrawal activity” on 21 December, 2020, following which, all withdrawals on the platform have been “temporarily suspended.” The security audit report showed large withdrawals –Continue reading “Exmo hack: hacker withdraws Bitcoin, ETH, XRP, ETC, USDT, and ZEC from hot wallets”