Hacken Links Ripple Chairman Hack to XRP Official Wallet
Following an investigation into the hack of Ripple co-founder Chris Larsen’s personal wallets, Hacken has discovered links to XRP’s authorized wallets. Hacken Investigation Traces Chris Larsen’s Stolen XRP Back to Official Wallets Blockchain security firm Hacken has disclosed connections between the recent $112.5 million hack of Ripple co-founder and chairman Chris Larsen’s personal wallets and XRP’s authorized wallet. The disclosure came through a detailed investigation following the incident,
The Federal Reserve terminated its enforcement action against Washington-based Farmington State Bank
The Federal Reserve terminated its enforcement action against Washington-based Farmington State Bank, previously known as Moonstone Bank and linked to FTX’s Alameda Research. Federal Reserve Terminates Enforcement Action of FTX-Linked Farmington Bank The Federal Reserve Board has officially concluded its enforcement actions against Farmington State Bank and its parent company, FBH Corporation. This termination marks the end of a scrutinized period for the Washington-based bank, once intertwined
Ark Invest’s Big Ideas 2024 Ark Investment Management (Ark Invest) published its “Big Ideas 2024” on Wednesday. “Big Ideas offers a comprehensive analysis of technological convergence and its potential to revolutionize industries and economies,” the asset management firm explained. Citing Ark’s research, the report states that “bitcoin has emerged as an independent asset class worthy of a strategic allocation in institutional portfolios.” The Big Ideas report discusses various topics, including
Grayscale Reduces Bitcoin Holdings as Competing ETFs Continue to Bolster Reserves
$BTC ETF Shift: Grayscale Cuts Bitcoin Position as Rivals Accumulate Grayscale’s Bitcoin Trust (GBTC) has been actively decreasing its holdings, with 3,426.99 BTC being deducted from its exchange-traded fund’s (ETF) assets after Monday and 2,565.39 BTC on Tuesday. The trust’s current balance stands at 472,345.05 BTC, with its worth estimated at $20.34 billion. Since Jan. 12, 2024, GBTC has seen a reduction in its holdings by 144,734.94 BTC, translating to an approximate value of $6.23 billion.
South Korean Regulator Plans to Discuss Crypto Rules With US SEC Chair Gary Gensler
South Korea’s Financial Supervisory Service (FSS) Governor Lee Bok-hyun announced on Monday his intention to visit leading financial markets in 2024, including the U.S., local media reported. During these visits, the FSS chief plans to engage in discussions on key regulatory issues, including those pertaining to the cryptocurrency industry, with a particular focus on spot bitcoin exchange-traded funds (ETFs). He stated during a Q&A with reporters:
On chain Bitcoin Fees in 2024: A Closer Look at Transaction Costs and Delays
Bitcoin Transfer Fee Insights from the First Five Weeks of 2024 Although network transaction fees in 2024 are still substantial, they haven’t reached the peaks observed in mid-December 2023, the latest data from Tuesday suggests. For example, on Dec. 17, 2023, the peak average transaction fee soared to $37.67 per BTC transfer. The initial five weeks of 2024 have seen the average fee stabilize at $9.39 per transaction across all 36 days. 2024’s peak day for Bitcoin’s network transaction fees occu
US and UK Financial Regulators Discuss Effective Crypto Oversight
The U.S. and U.K. Financial Regulatory Working Group has emphasized the importance of effective regulation and oversight of crypto assets and markets. They also reiterated their support for the international work on crypto assets. US-UK Financial Regulatory Working Group Discusses Crypto Regulation The U.S.-U.K. Financial Regulatory Working Group (FRWG) convened in London for its ninth official meeting on Jan. 31 and issued a statement summarizing their discussions on Feb. 5. Key topics discuss
Judge Orders Ripple to Comply With SEC’s New Discovery Requests Concerning XRP
$XRP
KEY POINTS: A federal judge has ruled in favor of the U.S. Securities and Exchange Commission (SEC) and ordered Ripple to comply with the regulator’s post-complaint discovery requests concerning XRP. Ripple must also answer an interrogatory regarding the amount of XRP institutional sales proceeds it received after the SEC complaint was filed.
Judge Grants SEC’s Motion Against Ripple On Monday, U.S. Magistrate Judge Sarah Netburn ruled in favor of the U.S. Securities and Exchange Commissi