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End of XRP, Digi-EUR and Anti-Records of Crypto

12/25/2020
|
  • SEC
  • Ripple
  • BTC
  • ETH
News list

SEC vs Ripple = End of XRP? Italy started digital Euro experiments. Ethereum on downward minimums.

SEC vs Ripple = End of XRP?

At the beginning of this week, the US Securities and Exchange Commission announced that it is filing a claim against one of the major crypto industry players - Ripple. SEC accuses the company's leaders of selling unregistered stocks for 1,3 bln USD.

Several major exchanges delayed all the operations with Ripple, and the list keeps growing. Processings block services on buying and selling this currency and investing funds get rid of the cryptocurrency that became unsafe in an instant.

Due to all that, the world's third expensive cryptocurrency - after Bitcoin and Ethereum, - Ripple lost a lot of points. For instance, on BitMEX, XRP rate fell by 99,9%. Many traders managed to make a fortune on that. Such sharp changes were caused by a surprise effect. Since many crypto industry representatives and Ripple CEO Brad Garlinghouse were expecting a far more crypto-friendly approach from the new US President Joe Biden.

SEC vs Ripple = End of XRP?

Italy Started Digital Euro Experiments

Italian Banking Association (ABI) announced a new experimental project on launching digital Euro. The experiment is supported by different banks; together, they are planning to show all the technical opportunities of the Old Continent.

The project is aiming to study all the possible infrastructure opportunities and find different coding solutions for testing different types of use. The areas for the future Euro will be spread between banks that agreed to take part in the experiment.

European Central Bank made massive research on all the opportunities of digital Euro; the report looks quite optimistic. According to the report, the digital Euro will help the European economy digitalise and fully leave cash in the past.

Italy Started Digital Euro Experiments

Ethereum On Downward Minimums

At night from December 23rd to 24th, Ethereum lost 14% of its price. Admittedly, so did the whole crypto market. Bitcoin Cash, Litecoin - they all dropped by 6-10% in just several hours!

Likely enough, the fall has been caused by SEC claim to Ripple. The price for which dropped by 30% and reached its monthly minimum. However, it cannot be the ultimate low price for this cryptocurrency. More and more exchanges refuse to work with it, and it's a bad sign.

However, the main cryptocurrency is feeling far better than its fellows. Bitcoin lost only about 1% of its initial value, and its share of the market now comprises to almost 70%!

Ethereum On Downward Minimums

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