XRP price plummets as Ripple slammed by U.S. SEC over $1.3b in illegal salesBTC $23,528 (+1.4%) • ETH $605 (-1.3%) • XRP $0.34 (-29.9%)
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XRP holders in Asia woke up to a red morning as the US Securities and Exchange Commission officially filed a charge sheet against Ripple, one day after CEO Brad Garlinghouse leaked the news on social media. The SEC, in its filing, said payments technology firm Ripple unlawfully sold over $1.3 billion worth of XRP tokens over the years, despite otherwise distancing itself from the cryptocurrency. It added that “Ripple was warned by lawyers” that its tokens could be security (and thus required licensing), but the firm paid no heed and continued to build out its business in the following years. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins Featured videoIs Bitcoin the orange pill? Max Keiser and Stacy Herbert discuss what everyone gets wrong about BTC
The Bitcoin boom in 2020 is undoubtedly one for the history books. The year is turning out to be one where the pioneer cryptocurrency has shed off its underground image and has found its way to the portfolios of legendary investors, software companies, and even sovereign funds. More news ⏬How crypto mining datacenters could create a more self-reliant food chain in the NordicsThere’s no more hopeful image than an oasis in a desert. IOHK’s new KEVM devnet opens up Cardano for Ethereum developersIOHK announced that Solidity, a programming language for writing smart contracts on Ethereum, is now compatible with the Cardano blockchain through an interoperable platform that uses Ethereum’s native code. As crypto IPO hype heats up, Coinbase contracts trade at implied $70 billion valuationThe biggest crypto-related news of the month is that of Coinbase filing a draft S1 document to the United States Securities and Exchange Commission, signaling its intent to go public in the weeks and months ahead. On-chain analyst says Bitcoin in serious “supply and liquidity” crisisBitcoin has been gobbled up like no tomorrow by institutions and accredited funds in the past months. Even after 400% rally, analysts are still excited about DeFi protocol SushiSwapSushiSwap’s native token SUSHI, even after the recent drop, is up strongly since the lows seen in October. XRP falls 17% as Ripple faces U.S. SEC actionThe issuer of XRP tokens has come in the regulatory crosshairs for their alleged illegal distribution. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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