The Ripple community has launched a new petition calling on US Securities and Exchange Commission chair nominee Gary Gensler to drop Ripple lawsuit. The petition also wants that the motives of the former SEC chair Jay Clayton in targeting XRP over BTC or ETH should be investigated.
Millennium Management Invests in Bitcoin Trust
Having approximately $48.3 billion in assets (AUM) under its management, the hedge fund giant Millennium Management has invested in Bitcoin through the Grayscale Bitcoin Trust (GBTC).
State Street Bank Will Provide Crypto Service
Having $3.1 trillion in assets under its management, State Street Bank has announced that they are planning to provide cryptocurrency trading services towards the end of 2021 and shared their excitement about this initiative.
Miners Continue to Accumulate BTC
Bitcoin miners continue to accumulate BTC instead of dumping. BTC transfers from miners to exchanges have dropped 40% since March. The average daily transfers, which were around 450 BTC in mid-March, has dropped to 275 BTC.
Russia to Pilot Digital Ruble Prototype in 2022
First Deputy Governor Olga Skorobogatova has stated in a press conference that Russia’s Central Bank plans to test the digital ruble throughout 2022. Other sources, on the other hand, claim that state taxes are planned to be paid in digital rubles.
A New Cryptocurrency Lobby
According to a press release on Tuesday, Fidelity, Square, Paradigm and Coinbase are forming a new lobby that wants to help shape the way bitcoin and other cryptocurrencies are regulated. The group is described as an "alliance of crypto leaders".
Ledger and Shopify Face Class Action Lawsuit
A lawsuit has been filed against hardware wallet provider Ledger and its e-commerce partner Shopify over last year's data breach. Some Shopify employees had accessed customer information by taking advantage of the vulnerability in Ledger in 2020.
Meitu Buys Another $ 10 Million Bitcoin
China-based technology company Meitu has announced that it has invested another $ 10 million in Bitcoin. With this latest investment, the company's Bitcoin assets reached 940. The company also bought 31,000 Ethereum in recent weeks.