Regulation
Non-US XRP investors petition for congressional investigation of SEC
Lawyer for 63,000 XRP investors invites non-US investors to demand a congressional investigation of the SEC for impropriety.
Jeanhee Kim
Contributor
Jeanhee Kim
Jeanhee has edited marquee features such as the <i>Crain’s New York Business</i> 40 Under 40, Fast 50 and Most Powerful Women. As a contributing editor for <i>Forbes Asia</i> in 2021 she edited the debut of the 100 to Watch. Earlier she worked as a producer at Oxygen Media and Meredith Interactive and as a writer or editor at <i>Money</i> and <i>Working Woman</i> magazines.
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Crypto Trading and Strategies
FTX reaches US$32B valuation after closing $400M series C
The owner and operator of cryptocurrency exchange FTX.COM announced Monday it closed US$400 million in a Series C fundraise that now values the company at US$32 billion. Fast facts Investors participating in this round included Temasek, SoftBank Vision Fund 2 and Tiger Global, among others. The company said all of the investors have participated in […]
Jeanhee Kim
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Regulation
SEC scrutinizing crypto lending by Celsius, Gemini, Voyager: reports
The U.S. Securities and Exchange Commission is scrutinizing the cryptocurrency companies Celsius Network, Gemini Trust and Voyager Digital about their practice of paying interest on crypto token deposits, Bloomberg.com reported on Thursday. Fast facts The SEC has begun an enforcement review focused on whether these tokens are unregistered securities, the report states, citing unnamed sources […]
Jeanhee Kim
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Regulation
Amid SEC lawsuit, Ripple buys back stock and raises value to US$15B
San Francisco-based Ripple Labs announced Tuesday that on the heels of a strong year it bought back the shares it sold in a 2019 fundraise and is now valued at US$15 billion. Fast facts The blockchain payments platform developer is in the middle of a 13-months-long lawsuit filed by the U.S. Securities and Exchange Commission […]
Jeanhee Kim
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Bitcoin News
Crypto market briefly up, then falls as US Fed leaves interest rates unchanged
The global cryptocurrency market rose along with smaller gains in the broader equity and bond markets in the aftermath of a Federal Reserve Open Market Committee statement Wednesday afternoon that it would leave interest rates untouched at near zero but expects to raise them soon. As the market digested the latest report, prices began trending […]
Jeanhee Kim
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Regulation
SEC wins time to resist crucial document handover to Ripple in XRP lawsuit
A federal judge on Monday has given the U.S. Securities and Exchange Commission (SEC) until Feb. 17 to fight her earlier order to turn over to the defendant Ripple Labs certain sensitive government documents in the agency’s lawsuit alleging the XRP token is an unregistered security. Fast facts Ripple and XRP investors initially believed they […]
Jeanhee Kim
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Regulation
Digital dollar leaps closer to reality with new Fed paper
Though the world’s most powerful central bank does not stake a position, its discussion paper is a big step toward supporting a future US digital currency.
Jeanhee Kim
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Crypto Trading and Strategies
Crypto.com discloses details of US$34M hack
The fast-growing crypto exchange Crypto.com discloses large amounts of Bitcoin and Ether were stolen from 483 customers.
Jeanhee Kim
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Regulation
Russia central bank calls for ban on crypto
Russia needs new laws for a comprehensive ban on crypto and crypto-related activities within its borders, the Bank of Russia stated in a report published Thursday. Fast facts The recommendation is the latest in a global cryptocurrency crackdown from China and other Asian nations to the United States, as governments fear instability and loss of […]
Jeanhee Kim
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NFTs and Gaming
Animoca Brands valued at US$5B after latest fundraise
Hong Kong-based Animoca Brands announced a US$358,888,888 capital raise Tuesday that values the blockchain gaming and open metaverse company at US$5 billion. Fast facts The round was led by New York-based Liberty City Ventures, with more than 18 other investors around the world, including Kingsway Capital, Sequoia China, Smile Group, Soros Fund Management and Winklevoss […]
Jeanhee Kim
