BitDigest December 29 · Issue #812
Dec 29, 2020
Author
- Bitcoin and ether flat in 24-hour trading as ETH holds at 30 month highs
- India is looking to impose 18% tax on bitcoin transactions
- More companies turning on Ripple driving XRP’s price down 57% over the past 7-days
Crypto Fear and Greed Index
The Fear & Greed Index for bitcoin and other large cryptocurrencies is holding in ‘extreme greed’ levels at 91 . The index increased 3 points over the past 7-days and has posted over 90 since Christmas when bitcoin broke above $24,000.
Market Responds to XRP Charges (continued)
More exchanges have decided to halt trading of XRP due to the recent SEC law suit:
- After saying it was in a ‘holding pattern,’ Coinbase announced it would suspend XRP trading on January 19th. This decision will not affect customers’ access to XRP wallets which will remain available for deposit and withdraw functionality after the trading suspension.
- Crypto.com is also suspending trading activity for XRP and will delist XRP from its trading app on January 19th.
- Chinese digital exchange OKCoin will suspend XRP trading and deposits on January 4th. Customers borrowing XRP/USD margin pairs will be required to return the borrowed value before then.
- Swiss asset manager 21 Shares has removed XRP from its basket index and the dependent HODL, KEYS and AXRP exchange traded products.
🅱️Why are all of the exchanges turning their backs on Ripple? This is certainly not the first crypto company to be accused of offering an unregistered security by the SEC. Is the difference because Ripple did not settle with the SEC like other leading digital asset companies Tezos and EOS?