Tag: xrp news

Quick take: MagicPoopCannon believes Biden's picks for the US Treasury, SEC and OCC will provide the regulatory clarity needed in the United States regarding digital assets Magic is optimistic that both Ripple and XRP will benefit from such clarity US Treasury Nominee, Dr. Janet Yellen, recently clarified her comments regarding digital assets Dr. Yellen pointed out that cryptocurrencies can be used to improve...

Quick take: Grayscale announced the dissolution of its XRP trust All cash proceeds will be distributed to the XRP Trust shareholders XRP is rather stable at the $0.28 - $0.30 price area Its number 4 spot in terms of market cap, could be under threat from Polkadot (DOT) Grayscale Investments has announced that it will be commencing the dissolution of its XRP Trust...

Summary: The number of new XRP account activations has hit a one year high of 9,100 per day This is despite crypto exchanges suspending the trading of XRP due to the Ripple lawsuit XRP has reclaimed the $0.30 price area as support as well as the number 4 spot on Coinmarketcap The number of new XRP account activations per day has reached a...

Quick take: Stellar (XLM) is now ranked 9th on Coinmarketcap with Chainlink in the 10th position Stellar (XLM) initially fell to $0.11 after news broke of the SEC suing Ripple The digital asset has since set a two-year high of $0.418 due to news of Ukraine using the Stellar network to issue its own digital currency Altcoins have been in the green this...

Summary: The SEC lawsuit against Ripple continues to have a ripple effect on XRP XRP whales holding at least 1 million coins have dropped significantly Grayscale has removed XRP from its large-cap fund and sold its XRP bags to buy Bitcoin, Ethereum, Litecoin and Bitcoin Cash It has been less than two weeks since the SEC announced that it was suing Ripple for...

Summary: A member of the XRP community has filed a petition with the White House requesting the SEC lawsuit to be halted The petition cites that FinCEN already declared XRP a currency Furthermore, the SEC lawsuit against Ripple has caused massive damages to XRP holders Such financial damage is in contrast to the SEC's mandate to protect retail investors The XRP army has...

Quick take: XRP trading will be halted next month on Bittrex, eToro US and Binance.US The exact dates on each exchange are January 15th, January 3rd and January 13th All three crypto exchanges cite the ongoing lawsuit by the SEC against Ripple Other exchanges to suspend trading of XRP include Coinbase, OKCoin, Bitstamp, B2C2 with the list growing daily The remittance coin of...

Summary: Coinbase will suspend trading of XRP on January 19th However, XRP wallets will be available for deposits and withdrawal XRP holders will still be eligible for their Flare Networks airdrop of Spark Tokens (FLR) Coinbase suspending rather than delisting hints the exchange will wait out the lawsuit A few hours ago, the crypto exchange of Coinbase announced that it would suspend XRP...

Summary: MagicPoopCannon warns that US crypto exchanges could delist XRP This follows Bitstamp planning to halt trading and deposits of XRP for US customers on January 8th XRP could be gearing up for further losses as U.S investors protect their capital against potential delistings in the US Popular Bitcoin and Crypto analyst, MagicPoopCannon, has warned XRP investors that US exchanges could delist the...

Quick take: Bitstamp becomes the first major crypto exchange to act on the news of the SEC suing Ripple Trading and deposits of XRP for US customers will be halted on January 8th, 2021 Other major exchanges might soon follow XRP has taken another nosedive to the $0.30 support area and could keep dipping The crypto exchange of Bitstamp has just announced that...

Quick take: The average XRP investor lost $6k due to the recent market dip The SEC lawsuit against Ripple cost XRP investors roughly $10 Billion This is 5x the SEC's budget and could have earned the US Government $1-$2 Billion in capital gains taxes XRP has since regained several support levels and looks set to push towards $0.35 Bitcoin and crypto analyst Timothy...

Quick take: News of the SEC suing Ripple caused the altcoin market cap to drop by $31 Billion Chainlink (LINK) and Cardano (ADA) were most affected amongst the top coins Bitcoin dominance is knocking at 70% due to the sell-off as a result of the Ripple lawsuit Investors moving capital from alts and into Bitcoin could be a sign of fear that other...

Summary: MagicPoopCannon predicts that Ripple will either win the lawsuit against the SEC or settle out of court Either outcome will be beneficial for both Ripple and XRP MXRP's 200-day moving average is crucial to its short term future A loss of this trend line will result in further losses for XRP Popular Bitcoin and Crypto analyst, MagicPoopCannon, has offered his insights on...

Quick take: XRP whales have been selling their bags since Brad Garlinghouse announced a pending lawsuit by the SEC The SEC has confirmed that they are charging Ripple and two executives with conducting a $1.3B unregistered securities offering XRP's value has continued to drop erasing gains from the Flare Networks snapshot hype XRP whales have reduced in number as a result of Brad...

Quick take: The President and CEO of SBI Holdings has pointed out that XRP is not a security according to Japan's FSA Mr. Yoshitaka Kitao offered his insights in response to news of the SEC planning to sue Ripple The founder of Messari, Ryan Selkis, believes the US Government will not sink its own domestic 'golden goose' in the form of Ripple A...

Quick take: Ripple CEO, Brad Garlinghouse, has explained that the SEC plans to sue the company According to Mr. Garlinghouse, the SEC will sue Ripple for issuing an unregistered securities offering XRP's social volume has since skyrocketed with its value dipping by 21% in the last 48 hours XRP's $0.45 is holding well with a 'wait-and-see' approach advised for traders Earlier today, the...

Quick take: MagicPoopCannon has identified a bull flag on the daily XRP/USDT chart If the bull flag plays out to the upside, XRP could spike to $1.20 Bitcoin has set the pace for the entire crypto markets and the only logical direction is up for XRP Veteran Bitcoin and Crypto analyst MagicPoopCannon, has updated his analysis of the remittance coin of XRP. According...

Quick take: XRP is experiencing double-digit gains in the last 24 hours The remittance coin bounced confidently from the $0.45 support zone XRP has reclaimed multiple support zones including $0.55 According to MagicPoopCannon, XRP could explode higher if the market continues to march higher as a whole A quick glance at Coinmarketcap.com reveals that the remittance coin of XRP is ahead of Bitcoin,...

Quick take: XRP has continued to lose value even with the success of the Flare Networks snapshot XRP's $0.50 and $0.48 support zones have been lost According to MagicPoopCannon, $0.45 is the level to watch since it is the 0.618 retrace of the recent surge to $0.80 $0.45 is also roughly around the 16 retracement of XRP's 2015 bear cycle There is also...

In summary: The number of XRP whales holding 10 million or more coins saw a 10% increment in 3 weeks 31 new whales joined this category of investors bringing the total to 339 The accumulation was due to the Flare Networks snapshot The snapshot was successfully carried out earlier today with the event marked on the ledger XRP is still trading above the...