[주간블록체인] Ripple complaint correction, US Treasury Secretary, Bill Gates bitcoin investment warning, etc.

[주간블록체인] Ripple complaint correction, US Treasury Secretary, Bill Gates Bitcoin investment warning, etc.

This is the’Weekly Blockchain’ section that collects and introduces the main articles of the week’s token post. News that is easy to miss, meet now!

[美 재무장관 “비트코인 극도로 비효율적…투기성 높은 자산” 경고]

U.S. Treasury Secretary Janet Yellen, who has been skeptical of cryptocurrencies since the past, warned on February 22, 2021 (local time) that Bitcoin is an extremely inefficient and highly speculative asset. “We have to recognize that Bitcoin is a very speculative asset and is extremely volatile,” said Yellen. “We are concerned about the potential losses that investors may suffer.” Bitcoin prices fell sharply shortly after Janet Yellen’s remarks, with the collapse of the 50,000 dollar mark. Microsoft founder Bill Gates warned against overheating of bitcoin, saying, “The bitcoin craze is at a very dangerous level.” He advised ant investors who follow Tesla CEO Elon Musk’s investment strategy: “If you have less money than Elon Musk, you should be careful.”

[美 연준 “디지털 달러 작업에 대중 참여한다…중요한 해 될 것”]

Jerome Powell, chairman of the Federal Reserve (Fed), said at a hearing of the House Financial Services Commission on February 24, 2021 (local time), “We plan to engage the public in digital dollar work this year.” It will be an important year for us,” he said. Public participation is conducted in the form of public events, and the Fed has stated that they are planning the event. This is the first time the Fed has presented a specific schedule for the digital dollar. The Fed Chairman also attended the Senate Banking Committee’s hearing the day before, on the 23rd, saying, “We are carefully reviewing the issuance of digital dollars,” and “one of the highest priority projects.”

[美 SEC “리플 경영진, 법률 위반에 직접 관여”…고소장 수정]

The U.S. Securities and Exchange Commission (SEC) filed an amended complaint to the court on February 18, 2021 (hereafter local time), emphasizing that Ripple’s management actively participated in corporate securities law violations. Defendant Brad Garlinghouse, Ripple CEO and Ripple co-founder Chris Larsen, highlight new allegations that Ripple played a significant role in negotiating and approving XRP sales to institutions and providing XRP to private investors Is described. The SEC is also reported to have requested Ripple attorneys to submit a written opinion, including the fact that financial regulators warned that XRP could be a securities. Jeremy Hogan, an attorney specializing in cryptocurrency, analyzed that, “depending on the confidentiality rights between the lawyer and the client, the opinion may not be disclosed.” .

[코인베이스, 나스닥 증시 직상장 확정…”2020년 급성장에 흑자 전환”]

As Form S-1 submitted to the Securities and Exchange Commission (SEC) became effective, Coinbase’s direct listing on the U.S. stock market was finalized on February 25, 2021 (local time). Coinbase has submitted a securities statement containing corporate financial and other information to the SEC for direct listing and announced that it plans to list Class A common stock on the Nasdaq Global Select Market under the ticker name’COIN’. . Along with the confirmation of listing on the stock market, detailed corporate information and financial information were disclosed through S-1. Coinbase grew rapidly with a growth rate of 139% throughout 2020. It posted a net loss of $30.4 million in 2019, but turned to the black in 2020, generating a net profit of $127.5 million. The share of the total amount of personal transactions has decreased significantly from 80% in the first quarter of 2018 to 36% in the fourth quarter of 2020. Coinbase is the first to be listed among major U.S. cryptocurrency exchanges. It is noteworthy that it will serve as a starting point for promoting the entry of the cryptocurrency industry into the institutional sphere in the future.

[비트파이넥스·테더, 뉴욕 검찰과 1850만 달러에 합의…22개월 법정 공방 마무리]

The court battle between the New York Attorney General’s Office (NYAG), cryptocurrency exchange Bitfinex, and stablecoin issuer Tether, which was held for 22 months from April 2019, was concluded with an agreement. Both companies will pay 18.5 million dollars (20.5 billion won) of the largest settlement amount in the history of cryptocurrency beyond the case of Block One and Telegram, the developer of EOS. On April 25, 2019, the New York Prosecutor’s Office said that Bitfinex was confiscated by crypto-capital of an unlicensed bank, incurring a loss of $850 million (942.5 billion won), and illegally making the stablecoin reserve of Tether, an affiliate that shares management They allegedly made a loan to cover up their losses. Bitfinex and Tether have not admitted the offense itself, but they will pay a settlement and submit a quarterly report detailing the composition of USDT reserves over the next two years. In a statement, Stuart Hoegner, legal advisor to Bitfinex and Tether, emphasized in a statement that “the decision to settle the $18.5 million should be viewed as an intent to put the matter back and focus on the business.”

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