Blockchain Bites: Bitcoin’s Rich List, Coinbase’s Latest Acquisition

Blockchain Bites: Bitcoin’s Rich List, Coinbase’s Latest Acquisition


Ripple tried to settle with the SEC before the watchdog’s XRP-related lawsuit. The “bitcoin rich list” has more names than ever. Grayscale reports an uptick in interest from pension funds and Coinbase makes an acquisition to beef up its institutional bitcoin offerings. It has been a huge news day, so buckle up.

Top shelf

Frontrunning action
Ripple tried to settle charges of conducting $1.3 billion worth of unregistered securities transactions when selling XRP to exchanges and the public, before the U.S. Securities and Exchange Commission (SEC) sued in December, CEO Brad Garlinghouse said Wednesday. In a Twitter thread, Garlinghouse addressed what he described as five “key questions” about the SEC’s argument, though he warned that he was limited in what he could say because the case is ongoing. Several exchanges have moved to delist or stop XRP trading.

Pensions or bust
Grayscale is reporting increased “participation” in its flagship bitcoin

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