The SBI Holdings statement refers to a research article by Sadakazu Osaki of the Nomura Research Institute indicating that under Japanese law XRP is a “cryptocurrency asset” and not a security. Source AssetClaimsCryptoJapanPartnerRippleSBISecurityXRP CryptoX Portal
XRP has continued to crash in the face of news that it will be listed from a new round of leading crypto asset exchanges. The altcoin is now down by over 20 percent in the past 24 hours, reaching multi-month lows at $0.21. XRP is also down by 55 percent in the past seven days alone, making it the worst-performing crypto asset in the top 100 by market capitalization. XRP is now the fourth-largest cryptocurrency by market capitalization, having fallen below the market capitalization of Tether’s USDT. Related Reading: Here’s…
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The JPMorgan analyst lowered his price target for Nikola stock on execution risks related to a “tarnished brand.” On the 28th of December, Nikola Corporation (NASDAQ: NKLA) stock advanced over 19% despite bearish comments from analysts at JPMorgan Chase & Co (NYSE: JPM). Currently, Nikola is trading at $16.77 in the pre-market. The current trading price is a 2.2% loss over its previous close of $16.40. Bearish Note by JPMorgan Since the beginning of the year, Nikola has been making headlines and recording mostly losses. However, Nikola stock recently increased…
Economists from Goldman Sachs Group have revised their Q1 GDP forecast to see a growth of 5% though earlier they expected a 3% increase. In a dramatic u-turn, President Donald Trump has finally assented to the COVID-19 stimulus bill that has been agreed upon by lawmakers in the past weeks sending the stock markets to a record close on Monday. According to a report from The Street, the President signed a combined $2.3 trillion coronavirus relief and government funding package to support American families, businesses, and government agencies respectively. On…
Some of the popular crypto exchanges have announced XRP trading suspension following the SEC lawsuit. This is seriously going to hurt XRP investors’ interest over a long period of time. XRP investors have met with an unfortunate fate. It has been a rocky ride for XRP investors as the cryptocurrency has been heading south after the SEC lawsuit. From its monthly high of $0.66 on December 1st, XRP has reduced to only 1/3rd of the price. At press time, XRP is trading 20% trading at $0.22 with a market cap…
Since its cypherpunk beginnings, the blockchain industry has long positioned itself as something on the fringe of mainstream. Yet, today, distributed ledger technology experiments by governments, financial institutions and global corporations and broader digital asset adoption has reached a fever pitch. Pandemic aside, 2020 has been a year of tremendous growth for the digital asset space. From China’s ambitious Digital Currency Electronic Payment (DCEP) to the launch of Cambodia’s Project Bakong, these initiatives have largely been spearheaded by traditional monetary institutions, a strong signal to the crypto’s growing credibility. This…
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XRP price dropped by 30% on Dec. 29 following Coinbase’s decision to suspend trading. The market sentiment around XRP has become overwhelmingly negative due to the fear of more exchange delistings. In the near term, XRP faces three key historical support levels at $0.224, $0.1743 and $0.1471. Where will the XRP price go next? The ongoing price trend of XRP is not cyclical nor reliant on technical analysis. It is due to investors selling XRP following the suspension of trading across major cryptocurrency exchanges. On Dec. 29, Coinbase announced that…
Bitcoin (BTC) fell below $26,000 on Dec. 29 as fresh fallout from Ripple’s threatened U.S. lawsuit was felt throughout crypto markets. Cryptocurrency market overview. Source: Coin360 BTC price dips as Coinbase halts XRP trading Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD hitting lows of $25,830 during Tuesday trading. $27,000 support failed to hold overnight, sparking a retest of lower levels which now center on $26,000. At the weekend, Bitcoin hit all-time highs of $28,400 before swiftly reversing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView The latest losses come…