Ripple Scores $15 Billion Valuation — CEO Says Financial Position Is Strongest Ever Despite SEC Lawsuit Over XRP – Altcoins Bitcoin News

Ripple has bought back shares from its Series C funding round, which raised the company’s valuation to $15 billion, according to CEO Brad Garlinghouse. He added that despite the lawsuit by the U.S. Securities and Exchange Commission (SEC) over the status of XRP cryptocurrency, Ripple had the best year on record. Ripple’s $15 Billion Valuation and ‘Best Year on Record’ Ripple CEO Brad Garlinghouse announced via Twitter Wednesday that Ripple has bought back its Series C shares at a $15 billion valuation. The CEO described that “Even with 2021’s headwinds,…

Global Crypto Owners Predicted to Surpass 1 Billion This Year – Featured Bitcoin News

The number of global crypto owners is expected to exceed one billion by the end of the year, according to a report by Crypto.com. “Nations can no longer afford to ignore the growing push to crypto by the public. We may in many cases expect a friendlier stance towards the crypto industry,” the company said. There Will Be More Than 1 Billion Crypto Owners Worldwide This Year, Report Shows Crypto.com released its “Crypto Market Sizing” report last week showing an analysis of cryptocurrency adoption worldwide. The global crypto population increased…

NFT ‘ETH in Mellieha’ Set to Go on Auction for Legal Rights to Number Plate – Sponsored Bitcoin News

sponsored ETH in Mellieha is the latest in a long line of NFT experiments that aim to challenge traditional values and concepts of art and ownership. This particular project is being advised by Mamo TCV Advocates, one of Malta’s leading law firms. At the core of ETH in Mellieha is an Oil Painting that No Longer Exists Local artist Debbie Bonello was commissioned to create an oil painting of a car that featured ETH on its number plate. After the painting was finished, it was to be burnt during a…

Tesla Reports Bitcoin Holdings Were Unchanged in Q4

The value of the bitcoin holdings of Tesla (TSLA) at the end of the fourth quarter remained unchanged from the end of the previous quarter at $1.26 billion, the electric car maker reported in its quarterly earnings report on Wednesday. Tesla did not buy or sell any bitcoin in the quarter, nor did it record any impairments to the value of its bitcoin holdings as the price of bitcoin was essentially flat from the end of the third quarter to the end of the fourth quarter. In the third quarter,…

Valkyrie Files for ETF That Invests in Firms That Derive 50% Revenue From Bitcoin Mining Industry – Bitcoin News

The digital currency asset manager Valkyrie has applied for an exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The fund plans invest at least 80% of its net assets into firms that derive at least 50% of their revenue from the bitcoin mining industry. Valkyrie’s Proposed ETF Targets the Bitcoin Mining Industry The crypto asset manager Valkyrie has applied for a new crypto-focused ETF that focuses on the bitcoin mining sector. Valkyrie is well known for launching the second bitcoin futures ETF under the ticker “BTF,” after…

Study Shows Dogecoin, XRP Saw Largest Network Fee Increases Last Year – Technology Bitcoin News

There’s been a lot of action in the world of cryptocurrencies over the last 12 months and a myriad of metrics have changed. A recent report from forexsuggest.com shows that dogecoin fees saw the largest increase since January 1, 2021, jumping 4,230% in a year. Ethereum’s transaction fees were the most expensive at the end of 2021, as the average transfer fee was $52.45 per transaction. Dogecoin, XRP, Blackcoin Saw the Highest Transfer Fee Rises in 12 Months Digital currencies saw significant growth last year in terms of value and…

Cosmos Decline Continues, as Polygon Surges – Market Updates Bitcoin News

Ahead of Wednesday’s FOMC meeting, cryptocurrency markets were once again trading higher, with polygon (MATIC) being one of today’s biggest gainers. Despite the top 20 mainly trending upward, some in this list were mainly lower during the course of the session. Biggest Gainers Polygon (MATIC), which was one of the biggest gainers within the top 20, was up by as much as 12% in Wednesday’s session, hitting an intraday high of $1.72 in the process. The move saw MATIC/USD bounce from its support level of $1.49, and attempt to make…

FTX US Raises $400 Million in Series A, Trading Platform’s Valuation Now $8 Billion – Finance Bitcoin News

On January 26, the crypto asset exchange FTX US revealed it raised $400 million in a Series A financing round stemming from investors like Softbank, Paradigm, and Multicoin Capital. The Series A investment in FTX US brings the U.S.-based trading platform’s post valuation to $8 billion. FTX US Reveals $400 Million Capital Raise, Firm Aims to Expand Staff to ‘100-Strong’ Following parent company FTX raising $420.69 million three months ago, the U.S.-based trading platform FTX US announced it has raised $400 million in a Series A funding round. The Chicago-based…

SEC Delays Decision on Bitcoin-Related ETFs From Ark 21 Shares, Teucrium

The U.S. Securities and Exchange Commission (SEC) has again delayed decisions on whether to approve or reject bitcoin-related exchange traded funds (ETFs) from Ark 21 Shares and Teucrium. The SEC said in a filing Tuesday it was postponing a decision on the ARK 21Shares Bitcoin ETF until April 3. In a separate filing, the regulator said it’s delaying its decision on the Teucrium Bitcoin Futures Fund to April 8. SEC Chairman Gary Gensler reiterated his support last fall for a narrow class of bitcoin ETFs investing in futures contracts rather…