BitDigest January 6 · Issue #816

• Bitcoin at $35,000 driving total crypto market cap to $950 billion
• Colombia approved unregulated purchase of bitcoin
• Kyrgyzstan releases crypto regulations

Market Responds to XRP Charges (continued)

Additional news related to the SEC’s XRP law suit:

• Grayscale finally announced that the Grayscale Digital Large Cap Fund (OTCQX: GDLC) had liquidated its XRP holdings and used the cash to purchase additional allocations in bitcoin, ethereum, Litecoin and bitcoin cash.
• Blockchain.com announced plans to halt XRP trading on January 14th. 
•  Tetragon Financial Group, a Euronext traded closed-ended investment company and investor in Ripple Lab’s Series C round, has sued the digitally native payments company seeking to force a redemption of Tetragon’s shares and block Ripple from using any cash or other liquid assets until the payment is made.
• Since word of the action was revealed in late December, XRP has fallen 60% and its daily volume has dropped 77%.

The Headlines

Mergers & Acquisitions

Market Data