XRP price has crashed another 16% after the Bitstamp announcement as it slips below $0.30 today. While some of the Ripple partners have started distancing themselves from the company, a few XRP fans continue to offer strong support.
A report by the Bank of Japan indicates that to be prepared in case of the great need for a CBDC, the bank will launch a feasibility study.
Mike Novogratz said that investors remain confident in the top crypto asset, regardless of the Trump administration’s rules.
Earlier this month, Ripple sold $15 million of its MoneyGram stock while not giving any specific reason behind it.
The lawsuit is centered around XRP. The SEC described XRP as an unregistered securities offered to investors not only in the United States but also across the globe.
On Thursday, December 24th, ETH is declining, trading at 580.00 USD.
On 14 December 2020, Grayscale announced publicly that their Asset Under Management had increased to $13 billion for the first time. Interestingly, this has increased to $16.4 billion in a little over a week.
Digital assets manager Bitwise has liquidated $9.3 million worth of XRP and reinvested in other assets. Hong Kong’s OSL has suspended the asset from its platform. This is done in response to SEC’s lawsuit against Ripple Inc.
On Wednesday, President Trump’s Working Group on Financial Markets published a report regarding stablecoins retail payments perception amongst the public.
Within three weeks of the launch of Ethereum 2.0 Beacon Chain, the Ethereum deposit contracts have seen over 2 million ETH inflows which is 380% more than the threshold value.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements. 23 Dec, 2020.
Gold protected tokens like GoldFinX appears to be the best investment source for institutional and retail investors since they can be easily traced back to find its custodial asset backing its worth.
Origin also says its staking program will help limit its token’s circulation supply, which will benefit the project’s token economics.
The partnership between Ripple and MoneyGram has been described as symbiotic by most analysts. The latter has been experiencing difficulties in making profits and the XRP incentives have significantly helped it close the debt gap.
Months ago, the ABI announced that Italian financial institutions are ready to commit to the CBDC project.