XRP Likely to Plunge towards $0.20 as SEC Woes Rattle Investors

XRP has seen some incredibly bearish price action as of late, with the selling pressure seen over the past 48 hours coming about due to news surrounding the SEC’s lawsuit against Ripple – the San Francisco-based FinTech startup that is closely tied to the cryptocurrency. The lawsuit claims that XRP is an unregistered securities product that the company has used as a fundraising mechanism and details the company’s previous quarterly token dumps that have been widely viewed as the main reason why its price was so flat over a multi-year…

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Busta Rhymes Recounts Epic Eminem Collab

This is an opinion. Facebook Twitter LinkedIn Reddit Messenger Busta Rhymes recently recounted the story of his collaboration with Eminem in 2014. The two rappers went back and forth, upping their verses on “Calm Down.” What if today’s mumble rappers took the same type of pride in their craft? Busta Rhymes is serious about emceeing. In 2014, he met his match in Eminem. Busta recently described the epic collaboration effort the two put forth in 2014 with “Calm Down.” Some media outlets went so far as to call it a…

The best, worst and fishiest projects in crypto

As 2020 comes to a close, it’s a good time to reflect on the biggest crypto developments and the wild ride the sector took investors on. At the beginning of the year, Bitcoin (BTC) was hovering just above $7,000, and the top-ranked digital asset had started to gather steam as the block reward halving approached. Then came the coronavirus pandemic and a sharp correction in the global stock markets that triggered the infamous Black Thursday Bitcoin crash, which saw the price of BTC plummet to $3,782 on March 12. While…

How Bitcoin And Crypto Exchange KYC Could Be The Next Ledger Leak

A leak of crypto cold storage wallet manufacturer Ledger’s customer database has put over a quarter of a million Bitcoin and altcoin investors at serious risk. Some have had accounts drained, while others have experienced extreme threats of harm directed to their families and homes. The situation sheds a light on a serious issue plaguing the cryptocurrency industry, and that issue is personal data privacy and security. As investors are now encouraged to put as much effort into personal data security as they do in protecting their assets, the fact…

The Institutions Are Here! BTC All-Time High, Guggenheim to Invest $500m and Bullish Monthly Candle

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Daily LEO is a crypto-focused newsletter that we publish every day (Monday-Friday) with the most relevant news and happenings in the space. This newsletter is published everywhere. Make sure to subscribe to it using your favorite platforms: Get The Daily LEO in Your Inbox Each Morning: The Daily LEO on Substack: Written Newsletter: We’re about to see the highest monthly close in Bitcoin’s history. The previous monthly high was ~$13,700 and today will mark a close above $19k for the first…

Bitwise dumps XRP investment amid SEC lawsuit against Ripple

Bitwise Asset Management, one of the largest crypto fund managers, has fully divested from XRP amid the regulatory backlash against Ripple.  In an official press release, Bitwise announced Wednesday that its position in XRP has been liquidated because its fund “does not invest in assets that are reasonably likely to be deemed securities under federal or state securities laws.” It continues: “Bitwise’s decision to liquidate its position in XRP was based on consideration of new public information from the SEC’s complaint.” Bitwise’s crypto index fund was launched in 2017 to…

Space Yacht brings NFT art to Electronic Dance Music scene

International party brand Space Yacht is preparing to drop its second collection of nonfungible token artworks on the Nifty Gateway marketplace on Dec. 23. Titled the “Space Yacht Iconography Collection”, the NFTs feature three of the brand’s core themes: pizza, smiley faces and their trademarked motto, “WE ARE SO F☻CKED.” The artworks also incorporate original music from Space Yacht co-founder Rami Perlman, aka LondonBridge. 12 months ago Space Yacht was better known for organizing over 150 electronic dance music, or EDM, events globally each year. However, when the COVID-19 pandemic struck, the…

Korean crypto investment company launches $100 million fund for blockchain projects

Hashed, one of South Korea’s largest crypto asset fund managers, has raised 120 billion won ($110 million) to fund new blockchain ventures in the so-called “protocol economy.” The funds were raised via Hashed Ventures Inc., a new entity that will oversee the deployment of the nine-figure investment. The company has yet to disclose its backers, though a spokesman indicated that some of South Korea’s largest IT companies are involved. In the announcement, the company said: “Hashed plans to invest heavily in domestic and overseas startups that want to realize the’protocol…

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