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The CEO of cryptocurrency lender Celsius believes CEL won’t meet XRP’s fate. In a Dec. 31 interview, Alex Mashinsky attributed a recent spike in CEL’s price to the token being registered with the U.S. Securities and Exchange Commission (SEC). Mashinsky said this would protect CEL – the native token of the Celsius
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Clients residing outside the U.S. will be unaffected. Source
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Altcoins have entered a slight correction after Bitcoin's relief rally
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The rally on Polkadot has been significantly affected by both accumulated fundamentals and emerging market factors.Open-source sharding multi-chain protocol Polkadot (DOT) experienced a dramatic increase in its blockchain activity in the past 24-hours. Notably, DOT tokens jumped over 24% in 24 hours according to figures provided by CoinGecko. However, the
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The regulator's stance contrasts with that of the U.S. Securities and Exchange Commission. Source
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Institutional crypto-fund manager Grayscale Investments has begun the dissolution of its XRP Trust in response to the Security and Exchange Commission’s December 2020 lawsuit alleging the XRP token is a security under U.S. law.According to an announcement published Wednesday, Grayscale decided to dissolve the trust in response to the spate
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The move from Bakkt further complements the decision of Coinbase and other exchanges including Binance US, OKCoin which had removed XRP coin from their platforms.Bakkt, the digital asset marketplace backed by Intercontinental Exchange Inc, has revealed that it has no plans to support XRP coin, the digital asset closely associated
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Amid legal action from the SEC, Ripple has brought in fresh blood from Amazon to lead its engineering team.In a statement released today, Ripple CEO Brad Garlinghouse announced that former Amazon vice president of delivery experience, Devraj Varadhan, has joined Ripple as its new senior vice president of engineering. Ripple’s
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Ripple started a strong decline after it failed near $0.3700 against the US Dollar. XRP price is currently testing a major support near $0.2600 and the 100 SMA (H4). Ripple is down over 20% and it broke a couple of major supports at $0.3000 against the US dollar. The price tested the
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The Ripple executives view these XRP-related issues with the SEC as an attack on the entire cryptocurrency ecosystem.Ripple Labs Inc has been very much famous in the last couple of months with its legal struggle with the US Securities and Exchange Commission (SEC) which affected the price of XRP that
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