Bitcoin to Zero Explained

Bitcoin to Zero Explained
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Coinbase will suspend trading in XRP on January 19
Coinbase

Dec 28, 2020

XRP

SEC files lawsuit against Ripple and two executives, alleging the firm brought in over $1.3 billion in ongoing, unregistered securities sale
The Securities and Exchange Commission has filed a lawsuit against Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen for conducting what the regulator alleged to be a $1.3 billion unregistered securities sale. The post SEC files lawsuit against Ripple and two executives, alleging the firm brought in over $1.3 billion in ongoing, unregistered securities sale appeared first on The Block.

The Block

Dec 22, 2020

XRP

OCC Regulator Implements Groundbreaking Cryptocurrency Guidance For Banks And The Future Of Payments
When Brian Brooks took the role of Acting Comptroller of the Currency for the Office of the Comptroller of the Currency (“OCC”) in May 2020, many in the industry knew some of Brooks’ focus would be on fintech and blockchain technology.

Brian Brooks, OCC
Brian Brooks, OCC OCC
Since that time, the OCC has provided interpretive letters and guidance clarifying that banks can custody cryptocurrency and stablecoins, as well as engage in stablecoin activity. The OCC also created a Special Purpose Payments Charter for FinTech companies. In December the Chief Economist of the OCC, Charles Calomiris, published a paper titled “Chartering the FinTech Future,” in which Calomiris set out the benefits of the OCC providing bank charters to stablecoin providers.

Understanding Stablecoins
While bitcoin remains the most popular cryptocurrency, it tends to suffer from high volatility in its valuations. For instance, it rose from the level of around $5,950 in November of last year to above $19,700 in December, and then declined by around two-thirds to the level of $6,900 by early February. Even its intraday price swings can be wild; it is common to see the cryptocurrency moving in excess of 10 percent in either direction within a span of a few hours.

Fedcoin: The U.S. Will Issue E-Currency That You Will Use
The U.S. Federal Reserve will not only issue its own cryptocurrency but will also make sure Americans use it. That’s the prediction of currency guru Doug Casey who has an uncanny record of being correct about economic and political trends. His latest book, Surviving Fedcoin: How to Protect Yourself (and Profit) from America’s Coming Currency Change, is a public bet that the U.S. government will issue its own bitcoin which Casey views as “the last arrow” in its money quiver.

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bitcoin to 0
xrp to zero
ripple to zero

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