Binance US Will Suspend XRP Trading and Deposits January 13th https://support.binance.us/hc/en-us/articles/1500000956801
[NOTE the contradiction in terms: Press release says "suspend," while the Twitter post says "delist"]
The most popular exchange in the world just announced that it will delist XRP from its US branch on January 13, 2021, at 10 am EST. All deposits and trading will be suspended but users will still be able to withdraw their holdings.
This announcement follows Coinbase, OKCoin, and other exchanges delisting the digital asset. Many investors think other exchanges will follow soon, including Kraken and Huobi.
https://twitter.com/1CrypticPoet/status/1344373220296818695
- 1CrypticPoet
Please note that Bittrex Global has no plans to delist $XRP and will maintain all #XRP markets:
White heavy check mark BTC-XRP
White heavy check mark USD-XRP
White heavy check mark USDT-XRP
White heavy check mark ETH-XRP
White heavy check mark EUR-XRP
https://twitter.com/BittrexGlobal/status/1344345008720261120
- BittrexGlobal
[NOTE that "Bitrex Global" is different than "Bitrex Exchange" (whose users report widespread account hacking)]
Bittrex is not Bittrex Global... they are two different entities... @BittrexGlobal is a partner of @BittrexExchange . They are different exchangesBittrex Global has its Headquarters in Europe. Bittrex Global doesn’t allow US residents. The jury is still out, either it's called "ShitTrex," or "Exchange with Balls."
https://bittrex.zendesk.com/hc/en-us/articles/360054838991-XRP-Market-Removal-January-15-2021
https://twitter.com/BittrexExchange/status/1344056304617177089
- BittrexExchange
[Below is half of a conversation which took place earlier today on FB. It seems to me that all cryptos are not rising and falling in proper proportion, indication of a market manipulation. Powers-that-be appear to be making it harder for American citizens to buy & hold Ripple (XRP). Eyes on the prize, stay calm & HODL!]
Will Ripple Win SEC Lawsuit on February 22? Binance US, Coinbase and Bitstamp are the key exchanges that have already announced suspension of XRP trading on their platforms. SEC today announced the date for lawsuit hearing on February 22, 2021. As per the official court document, Judge Analisa Torres ordered all the parties involved in the case to appear on February 22, 2021, through a telephonic call owing to the pandemic.
[NOTE: Once again, "Binance US" is not the same thing as the original BINANCE, started in China and now sort of kinda based in Malta.] https://en.wikipedia.org/wiki/Binance
Follow the ball. Once Ripple breaks past $2, it overtakes Ethereum as #2 market cap. The world economy cannot run on a BTC backbone; plus there's only 21 million BTC in supply. Same goes for ETH, it was a prototype & not enough in circulation. Be not distracted by shiny objects. Nothing else is rising that quickly; in fact, XRP is plummeting. Looks like a classic pump & dump operation to me.
History repeats itself; remember Mt. Gox. Also the law of gravity; whatever goes up, must come down. I got 2 BTC for $400; bought weed with it. It was money well-spent. A currency is useless unless it can be relied upon as a stable medium of exchange. As BTC rises, to $100K, or $250K, etc., how come there is not a corresponding tide with other alt coins? That is the big tell. The day that quantum computing cracks the encryption algorithm, it all goes poof. Use the LTC curve as your benchmark reality check.
BTC is a proof-of-work coin. As the price increases, so also does the hash power available follow Moore's Law. Further a modern quantum computer can easily crack all the encrypted wallet keys -- which, like you just said, are all on a public ledger -- protected only by those keys. A chain is only as strong as its weakest link.
Open Letter From Ripple Asks US Gov’t For Fair Crypto Regulation https://www.mooncatchermeme.com/open-letter-from-ripple-asks-us-govt-for-fair-crypto-regulation
Blockchain payment network Ripple signed an open letter to United States regulators on July 28 ahead of fresh hearings on cryptocurrency regulation [week of July 29, 2019].
In the wake of mixed feelings from Congress on both Facebook’s Libra digital currency and crypto more broadly, Ripple CEO Brad Garlinghouse appealed to Washington to be lenient in its future approach.
See also: https://cointelegraph.com/news/open-letter-from-ripple-asks-us-govt-for-fair-crypto-regulation
Ripple XRP News: It's Happening All Over Again, "BIG CRASH" With Huge Panic & Fed Pushing XRP [Oct 30, 2020]
Coinmarket cap ripple crash Jan 2018. Ripple XRP down 35 {Don't Panic #HODL} [from Jan. 2018, when XRP "crashed" to $2.65]
So how is Ripple (XRP) considered a "security," but stable coins like Tether (USDT) are not? Think Hive & Leo Dollars!...
Dragonfly Capital managing partner Haseeb Qureshi says a proposal floating through the U.S. House of Representatives would deal a huge blow to stablecoins.
In a recent blog post, the cross-border crypto asset investment firm executive says the proposed Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act would be a big step back for the emerging sector of the crypto market.
“If adopted, the STABLE Act would force stablecoin reserves to be regulated like bank deposits. This would be a massive setback to stablecoins, which serve as the de facto money of the crypto ecosystem today.”
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