Binance.US and eToro are the latest exchanges to discontinue XRP trading in America as Ripple faces the SEC’s enforcement hammer. Binance.US, the American branch of the global crypto exchange, and crypto-friendly asset trading service eToro are the latest platforms to suspend XRP trading in the United States. Announcing the news on Thursday, eToro revealed that…
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Bitcoin price continues to chase after $30,000 but continued rejections below the key level are negatively impacting altcoin prices. On-chain data suggests that high-net-worth individuals continued to buy Bitcoin (BTC) after Christmas. Analysts at Santiment said that smaller traders sold about $647 million worth of Bitcoin and this sum may have been bought up by…
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The SEC’s case against Ripple for selling XRP as an unlicensed security will begin with a pretrial in February 2021. The United States District Court of the Southern District of New York has fixed Feb. 22, 2021 as the date for the pretrial of the lawsuit filed by the Securities and Exchange Commission against Ripple…
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XRP price hit new monthly lows after Coinbase revealed it will delist the token in January. XRP price dropped by 30% on Dec. 29 following Coinbase’s decision to suspend trading. The market sentiment around XRP has become overwhelmingly negative due to the fear of more exchange delistings. In the near term, XRP faces three key…
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Bitcoin is taking a breather after the recent rally while altcoins are attempting to play catch up. Several central banks have resorted to unprecedented monetary expansion and aggressive rate cuts to support their respective economies badgered by the coronavirus pandemic. Record liquidity has resulted in sharp rallies in the S&P 500, gold, and Bitcoin (BTC),…
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Such regulation by enforcement does indeed run the risk of stifling important and valuable innovation in the crypto space. The U.S. Securities and Exchange Commission has not been kind to crypto in the past year. In March 2020, in the SEC v. Telegram case, the Commission won a worldwide injunction against the proposed issuance of…
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Bitcoin price remains in a strong uptrend and this presents a rosy outlook for BTC and many altcoins. The year 2020 was a forgettable one for many reasons including lockdowns and economic restrictions. The shutdowns resulted in the worst economic crisis seen in decades. At the same time, most governments and central banks have responded…
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XRP price rose 40% in a single day as liquidations across futures exchanges topped $73.5 million. XRP price spiked by 40% in the past 24 hours, recording a 52% gain at the day’s peak. Behind the surprising rally was a big short squeeze that caused massive volatility within hours. It is evident that the upsurge…
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MoneyGram sheds light on the nature of its partnership with Ripple. Global money transfer service MoneyGram has clarified the nature of its collaboration with its blockchain partner Ripple following the latter’s recent probe by the U.S. Securities and Exchange Commission. In a press statement issued on Dec. 23, MoneyGram revealed that it has never utilized…
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XRP price dropped to as low as $0.2138 on Binance as three key factors pushed the cryptocurrency down. XRP price dropped steeply below $0.3 on Dec. 24, hitting as low as $0.2138 on Binance. The selling pressure on XRP has intensified in the aftermath of the high-profile lawsuit filed by the United States Securities and…
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