Lastly, there are procedural deficiencies with this rulemaking process. FinCEN has provided for a comment period of only 15 days, over two holiday weekends — far shorter than the typical 60-day comment period.
Tag: Days
@flacqua @flying_mom My kids have been asking our Smart speaker “How many days until Christmas” daily too.
@flacqua @flying_mom My kids have been asking our Smart speaker “How many days until Christmas” daily too.
I’ve been hastily building a long term $CRO position the past few days.
Bottomed out chart + strong fundamentals. I’m very bullish on @cryptocom this year.
I’ve been hastily building a long term $CRO position the past few days.
Bottomed out chart + strong fundamentals. I’m very bullish on @cryptocom this year. https://t.co/SFbwtYbzZD
I started a silver position (using Bitcoin as collateral, not wasting opportunity cost lol) a few days ago and it blows my mind how the markets haven’t been operating for days.
Bitcoin has swung thousands up (and briefly down) while this thing has just sat still for days. Nuts.
I started a silver position (using Bitcoin as collateral, not wasting opportunity cost lol) a few days ago and it blows my mind how the markets haven’t been operating for days.
Bitcoin has swung thousands up (and briefly down) while this thing has just sat still for days. Nuts.
Germany’s new coronavirus deaths surpassed 1,000 for the first time since the pandemic started, just days after the country started its vaccination campaign. Coronavirus death rate keeps rising, now >1.9%.
#Germany’s new coronavirus deaths surpassed 1,000 for the first time since the pandemic started, just days after the country started its vaccination campaign. Coronavirus death rate keeps rising, now >1.9%. https://t.co/4e967dnDIm https://t.co/fnMokUUEz8
Coinbase To Suspend Ripple Trading: XRP Down 60% In 10 Days
Veteran cryptocurrency exchange Coinbase announced that it would fully suspend XRP trading by January 2021, following the lawsuit filed against Ripple by the U.S Securities and Exchange Commission (SEC).
Coinbase to Suspend XRP Trading
According to a blog post on Monday (Dec. 28, 2020), Coinbase stated that while XRP trading will be moving to “limit only” starting December 28, the exchange is planning to suspend XRP trading on January 19, 2021, 10 AM Pacific time.
Despite the suspension, Coinbase said that customers will still have access to their XRP wallets, adding that it “will remain available for deposit and withdraw functionality after the trading suspension.”
“Further, customers will remain eligible for the previously announced Spark airdrop (subject to approval in certain jurisdictions), and we will continue to support XRP on Coinbase Custody and Coinbase Wallet.”
Coinbase’s decision comes after the SEC sued Ripple. The U.S. securities watchdog alleged that Ripple was carrying out unregistered securities offerings to the tune of $1.3 billion. The news consequently tanked the XRP price, causing the token’s value to shed another 17% at the time of this writing to a price of $0.24, and 60% over the past ten days since the SEC saga had started.
Apart from the XRP price plummeting, different cryptocurrency exchanges have taken action since the SEC lawsuit. As reported by CryptoPotato, exchanges like Beaxy, CrossTower, crypto fund manager Bitwise, and Hong Kong crypto exchange OSL have delisted and suspended XRP trading on their platforms.
Another crypto exchange, Bitstamp, recently announced that it would halt XRP trading and deposits for its U.S.-based customers. According to the exchange, the suspension will take effect on January 8, 2021.
Meanwhile, Ripple’s CEO, Brad Garlinghouse, stated that the company would fight and win the legal battle. The company also released a document to counter the SEC’s claims.
Amid the avalanche of negativity surrounding Ripple at the moment, the company seems to have a supporter in its corner. The CEO of SBI Holdings, a financial services company, Yoshitaka Kitao, expressed optimism that Ripple would win the case. The SBI Holdings chief said:
“Japan’s FSA has already made it clear that XRP is not a security. I’m optimistic that Ripple will prevail in the final ruling in the US. SBI Holdings remains a steadfast partner to Ripple, and looks forward to expanding together in Asia.”
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@thecryptocutter @moneyordebt “according to the Kelly criterion applied to intermediate-term performance you should not hold Ethereum at all; you should be short Ethereum somewhat” (short ETH vs BTC) and that’s just numerical, doesn’t include the tech fundamentals, 0days/week, lost money, centralisation, joke
@thecryptocutter @moneyordebt “according to the Kelly criterion applied to intermediate-term performance you should not hold Ethereum at all; you should be short Ethereum somewhat” (short ETH vs BTC) and that’s just numerical, doesn’t include the tech fundamentals, 0days/week, lost money, centralisation, joke
@thecryptocutter @cryptoquant_com Good question. I think it doesn’t matter if we can just focus on $ETH exchange reserve because the price eventually determined on exchanges. It’s decreasing since May this year, and it hit the two-year low a few days ago.
@thecryptocutter @cryptoquant_com Good question. I think it doesn’t matter if we can just focus on $ETH exchange reserve because the price eventually determined on exchanges. It’s decreasing since May this year, and it hit the two-year low a few days ago.
https://t.co/UyORtgHcRH https://t.co/w6jFw4qx2V
Bitcoin Soars Past $28K for 1st Time, Up $3K in 2 Days; Market Cap Now Tops $500B
After eclipsing $27,000 for the first time ever only a few hours earlier, the price of bitcoin surged past $28,000 Sunday morning as the leading cryptocurrency’s recent meteoric rise continues. BTC’s market value now exceeds $500 billion.
Disclosure
@AMERICANHODL2 I dunno man, if $300-500k is in play this havlvening cycle, its gotta be via days and weeks like this, with a few dumps between to shake out the weak hands, rekt the shorters, and a lot of sideways periods, and build confidence under new levels etc.
@AMERICANHODL2 I dunno man, if $300-500k is in play this havlvening cycle, its gotta be via days and weeks like this, with a few dumps between to shake out the weak hands, rekt the shorters, and a lot of sideways periods, and build confidence under new levels etc.