12/24 afternoon briefing: Person of the Year, Ripple plunged 25%

Kim Byeong-cheol

Blockchain in 2020’Person of the Year’ in Korea ○○, Foreign Joe ○○○

domestic

#1 Seok-Woo Lee, Representative of Doonamu (204)
2nd place Jae-sun Han, CEO of Ground X (195 people)
#3 Hyun-Sung Shin and Do-Hyung Kwon, Terra Co-Founder (175)

abroad

#1 Joe Biden, US President-elect (326)
#2 Vitalik Buterin, founder of Ethereum (172 people)
3rd US President Donald Trump (168)

SEC sues Ripple “XRP is unregistered securities”

“Ripple has earned $1.38 billion by selling XRP for years, through the offering of undocumented securities, without disclosing financial and business information that must be provided by regularly reporting and filing with authorities.”-SEC

Bitcoin remains stable amid ripple (XRP) plunge

When the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, the XRP (Ripple) market shook, and Bitcoin continued trading under $24,000 each.

Bitwise to completely liquidate Ripple from its fund

On the 24th (local time), asset management company Bitwise Asset Management announced that it has liquidated Ripple (XRP) worth $9.3 million (about 10.3 billion won) from its cryptocurrency index fund.

Trump Advisory Organization “Stable Coins Should Be Financially Regulated”

The President’s Working Group on Financial Markets (PWG), the financial advisory body of US President Donald Trump, said that stablecoins should be subject to the same regulations as other financial assets.

Binance KR shuts down service due to low trading volume

Binance KR, the Korean branch of the global exchange Binance, announced that it will end its service on December 24.

Hexland’Octet Wallet’ Introduces Uppsala Security AML Solution

Companies that have introduced’Octet Wallet’ will be able to use Uppsala Security’s Anti-Money Laundering (AML) solution from next year.

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